E. Cohen & Company CPAs, Here Are Your Articles for Thursday, December 14, 2017
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Saved Articles

  • What Does It Mean to Be a Fiduciary?

    You may have heard about arguments coming out of Wall Street and Washington regarding fiduciary standards and controversial changes in regulations. Click through to get the scoop about what it means to be a fiduciary.

    Saved on 12-12-2019 - Remove
  • Know the FMLA Notice Requirements

    To receive FMLA-protected leave, eligible employees must provide adequate notice to their employers. If they don't, the leave could be delayed or denied. Click through for details on FMLA notice requirements.

    Saved on 12-11-2019 - Remove
  • Medicaid Trusts: Key for Long-Term Medical Planning

    Is it possible to protect your estate and still qualify for Medicaid? Yes it is, with the right kind of trusts. Click through to learn about the different kinds of Medicaid trusts and how they might be able to help you.

    Saved on 12-10-2019 - Remove
  • Key Rules for Garnishing Lump-Sum Payments

    The DOL has clarified the types of lump-sum payments that are protected by federal garnishment laws versus those that are not. Click through for details to make sure you don't mishandle these for your employees.

    Saved on 12-10-2019 - Remove
  • Is This Your Situation: Struggling With UBTI Issues

    Under most circumstances, tax-exempt organizations are not subject to a corporate-level income tax, but there are important exceptions. Click through for greater insight into unrelated business taxable income.

    Saved on 11-24-2019 - Remove
  • How Does the ADA Work?

    The Americans with Disabilities Act is a federal law that prohibits employers from discriminating against a qualified person who has a disability. Click through to discover what's meant by the ADA's call for reasonable accommodations and who decides what's reasonable.

    Saved on 11-24-2019 - Remove
  • 5 Steps to the Successful Multi-Office Business

    Your company is expanding -- and that's great! You've grown from one office to two, three, or even more. But you need to be able to manage all of them to continue to grow. Click through for some help in multi-office management.

    Saved on 11-23-2019 - Remove
  • What Is an Offer in Compromise with the IRS?

    To resolve IRS debt, should an offer in compromise be the right next step? What are the advantages? Click through to peruse the many factors to consider before attempting to settle with the IRS.

    Saved on 11-23-2019 - Remove
  • Know the Benefits of a Nonprofit Audit

    The term "audit" carries a negative stigma and conjures images of grueling paperwork. But did you know that an audit might be to your advantage? Click through below to learn the benefits of nonprofit auditing.

    Saved on 11-22-2019 - Remove
  • Do You Need to Hire a Business Consultant?

    Feel like you could use some advice? Sometimes, an outside expert can give you a fresh perspective on the management of your company. Click through to learn about cost-effective ways to leverage a business consultant.

    Saved on 11-21-2019 - Remove
  • How Can Nonprofits Create a Realistic Budget?

    Don't believe that only for-profit businesses need to go through a budget process. It's essential for nonprofits as well. Click through for some insights into the special features of nonprofit budgets.

    Saved on 11-21-2019 - Remove
  • Is This Your Situation: Continually Worrying About Accounting

    A lot goes into running a small business. You started it because you’re good at what you do. But what about those administrative duties that aren’t your strength? Click through to learn more about the tasks an outsourced accountant can handle on your behalf.

    Saved on 11-20-2019 - Remove
  • Get a Tax Break From Past-year Losses

    There are many tax breaks out there, but some of them are a little harder to unearth than others. If you've had a year when deductions exceeded income, you may be entitled to a refund. Click through for an intro to the complex rules surrounding net operating losses.

    Saved on 11-19-2019 - Remove
  • 6 Retirement Mistakes to Avoid

    It's a "don't let this happen to you" situation: finding yourself nearing retirement with not enough money. Click through to learn about the mistakes you need to avoid.

    Saved on 11-18-2019 - Remove
  • Know the Secrets Behind 'Miscellaneous Deductions'

    Tax breaks that don't fit into a particular category; what would you call them? Yup, that's what the IRS did -- miscellaneous deductions. Click through and see the one-hit wonders -- maybe you'll see a deduction you haven't considered yet.

    Saved on 11-17-2019 - Remove
  • How to Address Fraud in Your Business

    Sadly, there aren't many aspects of life, including a small business, where we don't have to worry about fraud at all. Click through to learn some ways you can prevent fraud in your company.

    Saved on 11-16-2019 - Remove
  • Is This Your Situation: Considering Outsourced Accounting for an NPO

    You want to manage finances to improve program efficiencies and meet funding requirements, but you lack the staff. Click through to see how outsourcing the chief financial officer function can work for nonprofit organizations.

    Saved on 11-16-2019 - Remove
  • Is This Your Situation: Considering Outsourcing Accounting Tasks

    Although you may not be accountant, your company still will have intense accounting needs essential to your day-to-day business operations. Click through to learn more about outsourced accounting and find out whether it is right for you.

    Saved on 11-16-2019 - Remove
  • Local Entertainment And Events Calendar

    You'll always know where the fun's going on with our interactive local events calendar featuring social sharing, images, videos and ticket links. Click through to see what's happening or to add your own local events.

    Saved on 11-15-2019 - Remove
  • Tips on Working with Independent Contractors in Your Nonprofit

    You have employees, but you also may have independent contractors. Who are they and how do they affect your nonprofit organization? Click through to learn the difference and understand how to work with contractors.

    Saved on 11-15-2019 - Remove
  • Nonprofits: Understanding the Tax Issues

    Do you think "nonprofit" means you don't have to deal with the IRS? Actually, there are still some serious tax obligations. Click through for an introduction to the tax rules that apply to nonprofits.

    Saved on 11-14-2019 - Remove
  • Bitcoin: What's Happening?

    Bitcoin, the digital currency, has been in the news a lot recently. What's it all about and how does it work? Is it something you should invest in? Click through for a quick review about this controversial financial product.

    Saved on 11-13-2019 - Remove
  • Effects of Reciprocal Agreements on Your Business

    Do you have employees who live in one state but work in another? If so, they probably are covered by a state reciprocal agreement, which eliminates dual taxation. Click through to learn more about tax reciprocal agreements.

    Saved on 11-13-2019 - Remove
  • Baby on the Way: Knowing All About Maternity and Paternity Leave

    There's a good chance you'll eventually have to deal with some kind of parental leave in your office, whether it involves an employee or employee spouse pregnancy, or an adoption. Click through for some insights in creating a policy.

    Saved on 11-13-2019 - Remove
  • ACA Affordability Threshold to Rise in 2019

    One of the main requirements of the Affordable Care Act's employer mandate is that health coverage must be affordable, based on annual standards set by the IRS. Click through for the details on the 2019 increase for one of those standards.

    Saved on 11-12-2019 - Remove
  • The IRS Looks Into Executive Compliance

    The IRS is taking a special look at the tax situation surrounding executive compensation. This may sound simple, but there are a lot of complexities you need to know about. Click through for an introduction to the key issues.

    Saved on 11-12-2019 - Remove
  • Is a 1031 Exchange Right for You?

    A properly structured Section 1031 exchange allows an investor to sell a property, reinvest the proceeds in a new property and defer the tax on the potential gain from the sale. Click through to see the impact of tax reform on 1031 exchanges.

    Saved on 11-12-2019 - Remove
  • Hobby vs. Business: What's the Difference to the IRS?

    It's an old tax question, but the answers don't get any easier: what is the difference between a hobby and a business? It's a subtle point, but an important one. Click through for insights into IRS guidance.

    Saved on 11-12-2019 - Remove
  • Understanding Your Payroll Tax Liabilities

    Although the payroll taxes you’re liable for as an employer may seem obvious, some taxes are not so easy to identify. Click through to learn the common and not-so-common employer payroll taxes, including associated liabilities.

    Saved on 11-12-2019 - Remove
  • Challenging the IRS's Valuation of Your Company

    Experts say that the average business owner grossly underestimates the value of a business. Click through to discover how to anticipate IRS challenges and shoot back with your own valuation data.

    Saved on 11-12-2019 - Remove
  • The Latest Fraud Problem: Synthetic Identities

    The most common form of identity theft these days is synthetic identity theft. If that sounds ominous to you, you're right to be scared. Click through to find out about this new twist on fraud and how to spot it.

    Saved on 11-12-2019 - Remove
  • Bracket Changes and More From the IRS

    Washington is abuzz with talk of tax reform, although there's no certainty what, if anything, will happen. But the IRS is proceeding, for now, as if 2018 will be business as usual. Click through for bracket and deduction changes.

    Saved on 11-12-2019 - Remove
  • How to Avoid Financial Scams

    Con games are like weeds: They come back every year. But sometimes they can be hard to recognize, because the fraudsters get better at disguising them. Click through to learn the basics of financial scams and how to avoid them.
     

    Saved on 11-11-2019 - Remove
  • Charitable Giving Under the New Tax Law

    Important new tax changes mean that the charitably minded might want to consider new giving strategies and take a look at appreciated stock and donor-advised funds. Click through for insights into charity in this new era.

    Saved on 11-11-2019 - Remove
  • Tips to Improve Company Morale

    Can low morale ultimately hinder your business from reaching its goals? Click through for simple and creative approaches to strengthen employee engagement.

    Saved on 11-09-2019 - Remove
  • Keep Your Homeowners Insurance Current

    Homeowners insurance isn't about buying it once and then forgetting about it. You have to repeatedly check it to make sure you're fully protected. Click through to learn how to stay current with your insurance.

    Saved on 11-01-2019 - Remove
  • QuickBooks Can Help Prevent Fraud

    Have you ever wondered if you have theft occurring in your business? You don't necessarily need a private eye. Click through to learn how QuickBooks might be able to uncover fraudulent activity.

    Saved on 10-25-2019 - Remove
  • Gifts to Charity: Six Facts About Written Acknowledgments

    You contribute money or gifts to qualified organizations that are eligible to receive tax-deductible charitable contributions. Click through if you plan to claim a charitable deduction on your tax return.

    Saved on 10-25-2019 - Remove
  • Is This Your Situation: Managing Requirements for Grants Received

    Nonprofit organizations must account for donations and grants — from a foundation and even the government — using contributions as intended. Click through to learn what responsibilities you need to consider.

    Saved on 10-25-2019 - Remove
  • Demystifying On-Call Pay

    The conditions surrounding on-call pay can be confusing, and employers often misunderstand them. It comes down to whether employees should be paid if they're required to be available while not working. Click through for an intro to the complex rules.

    Saved on 11-28-2019 - Remove
  • Moving and Mileage: Roundup of TCJA Changes

    The new year brings a suspension of moving expenses, but higher depreciation limits for cars, trucks and vans. Click through for IRS information on tax reform changes to expenses for moving, mileage and travel.

    Saved on 07-30-2019 - Remove
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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