Insights by Author: Elizabeth Boscacci

Year-End Tax Planning for Individuals

October 28, 2016

With changes in the political landscape on the horizon, prospects for tax reform in 2017 and…

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2015 Year-End Tax Planning for Individuals

October 9, 2015

The first day of Fall is our signal to begin year-end tax planning. While the 2015…

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Small Business Reprieve on Health Premium Reimbursement Plans

May 15, 2015

Historically, companies that wanted their employees to be protected with health coverage, but didn’t want the…

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Highlights of the 2014 Tax Extender Package

January 19, 2015

On December 19, 2014, the President signed into law the Tax Increase Prevention Act of 2014…

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2014 Year-End Tax Planning for Individuals

October 7, 2014

It’s hard to believe that we are getting towards the end of another year, but with…

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2013 Year-End Tax Planning for Individuals

September 25, 2013

As we near the end of 2013, now is an excellent time of year to review…

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New Option for Home Office Deductions

March 5, 2013

In an effort to make things easier for owners of home-based businesses and for some home-based…

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IRS Questioning Under-Reporting on Business Returns and 1099-K Matching

December 28, 2012

The Internal Revenue Service is now using information statements to look for under-reporting on business returns.…

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Tax Court Denial of Charitable Deductions

August 14, 2012

The Tax Court recently ruled that a married couple’s significant amount of charitable contributions were not…

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Social Security Statements Available Online

May 22, 2012

As of May 1, the Social Security Administration now provides workers, ages 18 and over, with…

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January 4, 2021

IRS Introduces the New Form 1099-NEC

The IRS has introduced a new Form 1099-NEC, Nonemployee Compensation. It's a sibling to Form 1099-MISC ...
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December 23, 2020

When Does a Gift Require a Gift Tax Return, and Gift Tax?

With lifetime gift and estate tax exemptions at an all-time high in 2020, not as many ...
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December 17, 2020

Future-Forward Manufacturing

Many manufacturers are feeling the impact of the current crisis. But companies that are ready to retool and ...
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December 4, 2020

By the Numbers: The Key Adjustments for 2021

What will 2021 bring us? After a year of turmoil and surprises, no one has a ...
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November 18, 2020

Restructuring Debt as a Business Strategy

Many businesses are facing the financial effects of the Covid-19 pandemic. The loss of clients and ...
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November 2, 2020

Hobby or Business: The IRS Takes a Stand

From a tax perspective, the distinction between hobbies and businesses is important because businesses can deduct ...
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October 29, 2020

Year-End Tax Planning for Businesses

Many businesses remain steeped in financial, operational, and HR challenges related to the COVID-19 crisis, but ...
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October 27, 2020

Year-End Tax Planning for Individuals

We recognize the impact this unimaginable year has had on all of us. There have been ...
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October 6, 2020

Retirement Plan Options for Self-Employed Business Owners

Owning your own business gives you a great deal of freedom to make your own choices. ...
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September 28, 2020

5 New Updates on Economic Impact Payments

New information continues to unfold as Congress provides clarity on several aspects of the economic impact ...
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September 14, 2020

How To Use a CPA as an Expert Witness

A CPA may be called upon as an expert witness to render a professional opinion, whether ...
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August 31, 2020

10 Ways to Improve Your Cash Flow

Cash flow is king. It is the lifeblood of any business. Often referred to as “working ...
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