Tax

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You May Need to Renew Your ITIN

An ITIN — Individual Taxpayer Identification Number — is used by non-residents of the U.S. who are not entitled to work in the U.S. (and therefore cannot obtain a social security number) to satisfy their [...]

December 15th, 2016|Tax|

Ensure Your Year-End Donations Will Be Deductible on Your 2016 Return

Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your tax advantage. After all, you control exactly when and how much you give. To [...]

December 6th, 2016|Tax, Uncategorized|

There’s Still Time to Benefit on Your 2016 Tax Bill by Buying Business Assets

In order to take advantage of two important depreciation tax breaks for business assets, you must place the assets in service by the end of the tax year. So you still have time to act [...]

December 5th, 2016|Tax|

Year End Tax Planning Tips 2016

With most of 2016 behind us, you may want to consider some year-end tax-saving ideas. Before acting on these, note the following: Most strategies do not apply universally, but only in specific circumstances. Many strategies [...]

November 30th, 2016|Tax|

Accelerating Your Property Tax Deduction to Reduce Your 2016 Tax Bill

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum tax (AMT) in the current year, accelerating [...]

November 28th, 2016|Tax|

Year-End Tax Strategies for Accrual-Basis Taxpayers

The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might enable them to save money on their 2016 tax bill. Record and recognize The key [...]

November 28th, 2016|Tax|

Accounting & Ethics Update Recap

On November 16, Dean Dorton provided its 12th version of the annual Accounting and Ethics Update. The firm utilized 17 presenters over nine sessions that covered a variety of topics from the latest in nonprofit reporting [...]

Fields v. Trustees of Princeton University Conclusion

In the long awaited conclusion to the Princeton University property tax lawsuit, the University announced that it had settled with area homeowners for more than $18 million. The residents of Princeton sought to have the [...]

November 21st, 2016|Higher Education, Tax|

What You Should Know About the Updated I-9 Form

On Monday, November 14, the United States Citizenship and Immigration Services (USCIS) released the anticipated new Form I-9 (Employment Eligibility Verification) that replaces the current version, which expired on March 31 of this year. [...]

It’s Beginning to Feel a Lot Like 1986

Whether you’re happy or not about the outcome of Tuesday’s election, now that we know we have Republicans in the White House, both houses of Congress, the governorship and the state legislature, it’s time [...]