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Charitable Giving and Tax Deduction Requirements: Getting the Most from Giving By Teri M. Kaye, CPA, P.A. Donations to worthy organizations and causes can take many forms. For example, one might donate money, time, or property (e.g. car, stock, patents,…

If you want a retirement plan for your small company or self-employed business — but you don’t want to be buried in paperwork — consider a simplified employee pension plan or SEP. Among the appealing advantages: SEPs are set up…

Speed Up Payment on Receivables Receivables don’t have much value if they aren’t turned into cash. Your company really needs to keep tight control on its invoices outstanding so you can get an accurate picture of the receivables situation and…

Tax Planning for a Home in the Event of Divorce For many people, the federal home sale gain exclusion is the single most valuable tax break available. But if you’re getting divorced and selling a home, you may need to…

The Florida Department of Revenue recently issued two separate Technical Assistance Advisements (TAAs) that address the sourcing of revenues from sales of items other than tangible personal property for apportionment factor purposes. In these two separate TAAs, the Department applied…

Scammers take advantage of taxpayers by pretending to be from the IRS. Fake phone calls, e-mails and texts inform taxpayers the IRS wants to talk to them about their tax returns and that makes most people feel on edge and…

Deadline Coming Up to Report Foreign Account Holdings The deadline is approaching for certain taxpayers to report accounts they hold in foreign banks and other financial institutions. You also may be required to report foreign accounts over which you have…

Form 1099-MISC Changes and Reminders for 2013 Tax Requirements An Important Reference for Businesses Employing Independent Contractors In this new white paper, Teri Kaye, Partner at Daszkal Bolton, offers an overview of the changes and requirements involved with preparing Form…

A recently enacted budget bill in New York makes several changes to tax law that will take effect in 2015. The impact of these changes will be significant for any multistate businesses with a presence in New York or companies…

In culmination of a project spanning twelve years, the Financial Accounting Standard Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contract with Customers on May 28, 2014. The FASB Standard was issued concurrently with the issuance by the…