Hello Katz - Here Are Your Articles for Thursday, October 20, 2016
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Saved Articles

  • Audits, Reviews and Compilations: A Summary

    Timely, accurate and understandable financial statements are necessary to gauge how well your business has performed and to assess the strength of its financial position. Click through for an intro to levels of overview for these statements.

    Saved on 10-18-2019 - 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 10-18-2019 - Remove
  • Know the New Expensing Rules

    Tax reform laws changed various expensing rules, as the IRS explained in guidance updated at the end of 2018. Click through to make sure your business is in sync with the regs, so you're not leaving any money on the table.

    Saved on 10-18-2019 - Remove
  • Living Wills: Everybody Should Have One

    It's hard to contemplate, but there may come a time in your life when you can't make decisions for yourself. That's what a living will is for. Click through to find out how these work and why you need one.

    Saved on 10-18-2019 - Remove
  • Is This Your Situation: Worried About Passing Value to Your Heirs

    Being an entrepreneur is a complicated process. You don't always have a blueprint to follow for future success. Click through to learn how to set up your business to pass the value on to your successors - By Donna Elgart, KN+S

    Saved on 10-18-2019 - Remove
  • What do CPAs really do after April 15?

    Yes, there is Life for a CPA after tax season -  by Jeff Solomon

    Saved on 10-18-2019 - Remove
  • Taking Over the Finances of an Elderly Person

    Physical health isn't the only thing at risk of deteriorating as we age: Mental health may decline as well, and along with it, the ability to manage money. Click through for tips on how to manage finances to protect your elderly loved one from missteps.

    Saved on 10-18-2019 - Remove
  • Massachusetts Joins the Sales Tax Crowd

    Massachusetts joins a growing number of states in requiring online retailers to collect sales taxes from Massachusetts residents - by Jeff Solomon, KN+S

    Saved on 10-18-2019 - Remove
  • A New Source of Funding

    New rules under the JOBS act make it easier to raise capital - by Jeff Solomon

    Saved on 10-17-2019 - Remove
  • Artificial Intelligence: Has It Come to Accounting?

    Artificial intelligence has been much in the headlines recently, often in the context of self-driving cars or robots. But will it change accounting and finance? Click through to see how AI is already affecting your life and business.

    Saved on 10-17-2019 - Remove
  • Federal Laws That Prohibit Job Discrimination

    Job discrimination has long been an issue, and the federal government has passed substantial legislation to address it. Are you fully in compliance? Click through for an annotated list of the major rules.

    Saved on 10-16-2019 - Remove
  • Simple Steps to Obtaining a Financial Planner

    Many people don't know exactly what a financial planner does, or how to find one. And that's a shame, because a good planner is helpful for those at all income levels. Click through to get started on financial planning.

    Saved on 10-16-2019 - Remove
  • Special Video Report: Using Direct Mail

    Direct mail can be one of the most effective marketing tools. However, you have to make sure you're doing it correctly. Click Full Article below for a video on getting the most out of your direct marketing efforts.

    Saved on 10-16-2019 - Remove
  • What Insurance Do Small Businesses Need?

    The world of insurance is a complex one, and it's essential to make sure your business is covered. Click through to learn the basics of business insurance so you can make the right decisions.

    Saved on 10-15-2019 - Remove
  • Last-Minute Retirement Savings Rush

    You haven't saved much for retirement and you're in your 50s. Is it too late? Not necessarily. Click through to learn what you can still do to save for your retirement.

    Saved on 10-15-2019 - Remove
  • Mid Year Check-In from Jeff Solomon

    Checking in to see how 2016 is unfolding so far for you

    Saved on 10-15-2019 - Remove
  • When Should You Hire a Bookkeeper?

    By Donna Elgart Medoff, CPA, Tax Manager at Katz, Nannis + Solomon, P.C.

    Saved on 10-15-2019 - Remove
  • How KN+S Gets Through the End of Busy Season: Ice Cream

    KN+S held the annual ice cream sundae party on Monday, April 1st.

    Saved on 10-15-2019 - Remove
  • New DOL Rule Means Major Changes in Overtime Policies

    The Department of Labor's new rule affects virtually every company and requires that millions of workers will now be entitled to overtime. Click through for an overview of the new rule and learn how it may affect your business.

    Saved on 10-14-2019 - Remove
  • Living Wills -- and How to Use Them

    A living will is a legal document -- also called an advance health care directive -- that can make life immeasurably simpler for your loved ones. Click through for details on expressing how you'd like to be cared for if something happens to you.

    Saved on 10-14-2019 - Remove
  • IRAs: Know the Basics

    Individual retirement accounts are among the most popular retirement savings vehicles, but many people don't know much about them. Click through for insights into the different kinds of IRAs and how they work.

    Saved on 10-14-2019 - Remove
  • Padding Your Tax Deductions? The Consequences Are Serious

    It can be a seductive trap: adding an item here or there to reduce your taxes. But even aside from the morality, it's illegal, and the penalties are steep. Click through to learn about the consequences of lying on your return.

    Saved on 10-12-2019 - Remove
  • Know How to Handle Canceled Debt

    If your debt is forgiven for less than the full amount you owe, the debt is considered canceled, but you still owe taxes. The IRS wants its cut. Click through for a discussion of how this works and the available exceptions.

    Saved on 10-12-2019 - Remove
  • How to Handle Student Loans

    If you're like the great majority of students (or their parents), you might not have read all the fine print regarding how your student loans are structured or how repayment works. Click through to understand the inner workings of student loans.

    Saved on 10-12-2019 - Remove
  • Should You Establish Payable-on-Death Accounts?

    It's a little-known but very effective technique for leaving your money, and it doesn't require a lot of paperwork. Click through for the inside story on payable-on-death accounts, why they might be right for you, and what the drawbacks are.

    Saved on 10-12-2019 - Remove
  • Understanding an IRS Audit

    Sandra Y Caterine, CPA, MST, Tax Principal at Katz, Nannis + Solomon, P.C.

    Saved on 10-12-2019 - Remove
  • Facing the Emotional Side of Mergers

    Many articles and books have been written about how to do a merger, and many speakers have pontificated on the subject. Click through to see that the one missing ingredient is the range of emotions that accompany the transaction.

    Saved on 10-11-2019 - Remove
  • KN+S Request: Please Submit Tax Documents

    Please submit your tax documents so that we may begin to process your return.

    Saved on 10-11-2019 - Remove
  • Capital Gains, Losses and Sale of Home

    The IRS has issued some important new guidance on capital gains and property basis, especially as the rules apply to homes. There's a chance here to save on taxes. Click through for an intro to this key guidance.

    Saved on 10-11-2019 - Remove
  • KN+S Post-April 15th

    By Jeffrey Solomon, CPA, CVA, Managing Shareholder

    Saved on 10-11-2019 - Remove
  • Do You Know How You Stack Up Against Your Competitors?

    Smart companies know that one of the keys to success is making sure you know how you compare with other companies. Fortunately, there is a way to see how you rate. Click through to learn about an easy way to access industry benchmarks.

    Saved on 10-10-2019 - Remove
  • Key Tax Issues for Small Businesses

    If you're running a small business, it's always tax season! In short, you don't want to scramble before each due date, and you certainly don't want any last-minute surprises. Click through for a primer on your small-business tax responsibilities.

    Saved on 10-09-2019 - Remove
  • Is This Your Situation: Worried About Passing Value to Your Heirs

    Being an entrepreneur is a complicated process. You don't always have a blueprint to follow for future success. Click through to learn how to set up your business to pass the value on to your successors.

    Saved on 10-09-2019 - Remove
  • All About Key Performance Indicators

    A key performance indicator, or KPI, is a measure of your performance against key business objectives. Used correctly, KPIs can help you manage your business. Click through to learn about the various levels of KPIs.

    Saved on 10-09-2019 - Remove
  • Sales Process Engineering with Derby Management

    On March 31st the Katz Nannis + Solomon Peer to Peer CFO Group hosted Jack Derby of Derby Management

    Saved on 10-09-2019 - Remove
  • Proposed Regulations to Treatment of Certain Related-Party Debt as Stock

    On April 4, 2016, the US Treasury and the IRS published proposed regulations under IRC section 385 that would dramatically change the classification of certain related-party debt to stock (equity)

    Saved on 10-08-2019 - Remove
  • How to Launch a Business

    Are you planning to start your own business? You probably have a limited budget and need to watch every dime until you start turning a profit. Click through for some tips that can help you reach your goal.

    Saved on 10-08-2019 - Remove
  • Do You Need a Spendthrift Trust?

    Experts can help you keep your money safe from creditors, but what about keeping it safe from the heirs themselves? Click through for an introduction to spendthrift trusts, a special estate planning tool for special situations.

    Saved on 10-08-2019 - Remove
  • Paying for Higher Education with a 529 Plan

    An overview of Section 529 Tuition Plans - by Susan Prizant, KN+S Tax Department

    Saved on 10-07-2019 - Remove
  • How to Improve Your Credit Score

    Everyone talks about credit scores, and how they can make a huge difference in your life -- with home purchases, for example. But what really affects the numbers? Click through for some steps to take now to get on the path to a better score.

    Saved on 10-07-2019 - Remove
  • Is This Your Situation: Overwhelmed by Manufacturing Tax Credits

    There are many provisions that specifically apply to manufacturing businesses, but information can be complicated and difficult to navigate. Click through to find out what you can do today to get special tax credits and deductions for your operations.

    Saved on 10-07-2019 - Remove
  • Basics of the Alternative Minimum Tax

    Did you get stuck paying the AMT last year? Are you afraid you're going to get hit with it this year? Click Full Article below to learn the details now so you avoid surprises next tax season.

    Saved on 10-05-2019 - Remove
  • Don’t be Stung by the S Corp “Sting Tax”

    By Jeffrey D. Solomon, CPA, CVA

    Saved on 10-05-2019 - Remove
  • Partnership Taxation: Know the Rules

    You are busy running your company that's a partnership  -  here's an introduction to partnership taxation rules, and some practical help in tax managemen - by Gary Weinman, KN+S Tax Department

    Saved on 10-05-2019 - Remove
  • Tax Preparation – Individual Tax Returns

    Anaiz Camargo, Jon Pearson, and Stephen Roy, Experienced Staff at Katz, Nannis + Solomon, P.C

    Saved on 10-04-2019 - Remove
  • The Top Financial Planning Mistakes

    Stay clear of economic difficulties by avoiding the most common financial mistakes individuals and families tend to make. Click through for an introduction to starting on the right financial path and staying there.

    Saved on 10-04-2019 - Remove
  • The ADA: How Does It Affect Your Business?

    The Americans with Disabilities Act is widely discussed and cited, but many employers don't know exactly what their responsibilities are. Click through for an introduction to this important and far-reaching legislation.

    Saved on 10-04-2019 - Remove
  • Which Employees Are Exempt From Tax Withholding?

    Most employees are subject to tax withholding. Those exempt from withholding are in the minority -- but you should still know who they are. Click through for a list of employees who are excluded from tax withholding -- and why.

    Saved on 10-03-2019 - Remove
  • Raising Money 2019 - Keys to Success

    Listen to a discussion and take part in a Q&A to discover the best ways to raise your next round in 2019. The event will be held on Wednesday, March 27th in Boston.

    Saved on 10-03-2019 - Remove
  • All About the Earned Income Tax Credit

    The EITC has received a lot of press, but what's it really all about? Click Full Article below to learn who is really eligible, under what circumstances, and whether it's applicable to you as you look forward to next tax season.

    Saved on 10-03-2019 - Remove
  • KN+S Waffle Breakfast

    Carolyn Dozois (Tax Manager), Anaiz Camargo (Experienced Staff) and their helper make breakfast for the firm on Saturday, February 16th.

    Saved on 10-03-2019 - Remove
  • Employers: Know Your Tax Forms

    Employers must report their federal employment taxes to the IRS on the appropriate tax forms. It's important to know which forms apply to your business. Click through for a list of required forms.

    Saved on 10-03-2019 - Remove
  • Research and Development Tax Credits

    Favorable  changes in R&D credits

    Saved on 10-03-2019 - Remove
  • 8 Ways to Take Charge of Your Personal Finances

    Are you thrown into a panic with thoughts of student loans or other debt? Are you worried about your long-term finances? Click through to see how to take charge of your money and plan for a secure financial future.

    Saved on 10-02-2019 - Remove
  • Introduction to Sales Tax

    Yolanda Rego, CPA, Tax Supervisor at Katz, Nannis + Solomon, P.C.

    Saved on 10-02-2019 - Remove
  • Do You Have an Exit Strategy?

    KN+S has a long history of assisting clients with mergers and acquisitions. Here is a list of important points to keep in mind when creating your exit strategy. 

    Saved on 10-02-2019 - Remove
  • Section 1202 Stock – A Gift from Congress

    Early stage investing tax savings!

    Saved on 10-02-2019 - Remove
  • Health Savings Account Limits Change for 2017

    Early this year, the IRS increased the health savings account contribution amount for 2017. And there are other changes as well. Click through to see how these modifications may affect you.

    Saved on 10-01-2019 - Remove
  • Trusts: What You Need to Know

    A trust lets you distribute your assets to others, while minimizing estate, income and gift taxes. Trusts have scores of uses for a variety of families. Click through for a basic primer on this essential component of estate planning.

    Saved on 10-01-2019 - Remove
  • Mandatory Retirement: What Are the Rules?

    Do you know everything you should about retirement? Click Full Article below to find out more about forced or mandatory retirement and how it affects employees in your business.

    Saved on 10-01-2019 - Remove
  • Why Compensation Plans Are Your Key to Success

    You create a plan for marketing, a plan for sales, and a plan for technology. Make a plan for employee compensation as well. Click through to learn about this essential but sometimes forgotten business management task.

    Saved on 10-01-2019 - Remove
  • What's the Deal With Crowdfunding?

    Crowdfunding is the latest new thing, and it has changed the way that small businesses, artists and entrepreneurs earn the money to start up. Click Full Article below for a quick introduction to this important new development.

    Saved on 10-01-2019 - Remove
  • Due diligence –start NOW if you are even thinking of an exit!

    Proper planning in advance of a transaction will maximize the value

    Saved on 09-28-2019 - Remove
  • Do You Need Business Interruption Insurance?

    Many businesses don't even know about it, but it can be essential to your long-term plans. Are you covered if your business can't continue for a substantial period of time? Click through for the reasons to consider business interruption insurance.

    Saved on 09-27-2019 - Remove
  • Special Video Report: Many Ways to Save for Tomorrow

    Whether you're saving for retirement or college education or a home, you have options. And some of them come with great tax breaks. Click through for some insights into a variety of savings vehicles and strategies.

    Saved on 09-27-2019 - Remove
  • Great App: Figure Out How You Stand with the Rest of the Pack

    Are you one of the best? Or do you have some catching up to do? Now there's an easy way to compare yourself against competitors and industry benchmarks. Click through to get started in finding out where you stand.

    Saved on 09-27-2019 - Remove
  • Can You Leave Your IRA to Charity?

    Looking to give yourself a tax break and do some good? It's legal, and often advantageous, to leave your IRA to a charity. Click through to learn the rules behind this strategy.

    Saved on 09-27-2019 - Remove
  • How to Manage Capital Gains

    We hear a lot about capital gains, but what does the term really mean? Who has to pay capital gains and under what circumstances? Click Full Article below to better understand capital gains and how they affect you.

    Saved on 09-25-2019 - Remove
  • Real Estate in Your IRA: A Good Idea?

    Many people want to invest in real estate. Why not do so within your IRA? It's possible, but there are a lot of restrictions. Click through to see how to do it, and decide if it's really worth all the risks.

    Saved on 09-24-2019 - Remove
  • How You Can Use a Deferred Annuity

    It's a time-tested tool for retirement planning, but it's not for everyone. The key is knowing how a deferred annuity works, and whether it's right for you. Click through for an overview, and the inside scoop on how to choose.

    Saved on 09-23-2019 - Remove
  • 5 Things to Consider About Changing Payday

    Your current pay schedule isn't cutting it anymore, and you're leaning toward changing it. But the FLSA, state rules and other issues can complicate any decision. Click through for five things to consider before you make the switch.

    Saved on 09-23-2019 - Remove
  • What Are de Minimis Rules?

    When someone throws out a Latin term like "de minimis," you probably think it is a pretty complicated subject. Click Full Article below to get a handle on how this important concept affects your business and taxes.

    Saved on 09-22-2019 - Remove
  • Estate Planning: Want flexibility? Consider a Donor Advised Fund

    By Carolyn B.R. Decker, CFP®, CPA, PFS, Partner, Lake Street Advisors

    Saved on 09-22-2019 - Remove
  • Capital Gains and Losses: How Do They Work?

    Realized capital gains and losses occur when an asset is sold, which triggers a taxable event. Those are the basics, but the details can get confusing. Click through for an introduction into what these gains and losses can mean for you.

    Saved on 09-22-2019 - Remove
  • Plan This Summer for a Good Tax Season

    Now that the 2015 tax season is out of the way, it's time to start thinking about 2016. December is too late to fix many problems. Click through to learn how planning now could save you next year.

    Saved on 09-21-2019 - Remove
  • S Corporations -- Know the Advantages

    S corporations elect to pass corporate income, losses, deductions and credits through to shareholders for federal tax purposes. Click through to see how S corporations avoid double taxation, and learn whether they're the right format for your company.

    Saved on 09-21-2019 - Remove
  • Personal Tax Deductions You May Not Know About

    Who thinks about taxes in the summer? You! Below are some tax deductions you may not know about. Click Full Article below to learn why you should plan now so you can get a nice refund next year.

    Saved on 09-21-2019 - Remove
  • Choosing the Right Business Entity

    Whether your business is just you sitting in a home office, an international corporation or anything in between, you have to choose a form of business entity.  Here are some of the choices, and the pros and cons of each.

    Saved on 09-20-2019 - Remove
  • Business Valuations: The IRS Angle

    Valuations can be essential to any business owner, but you have to take into account the government's interest in your company. Click through for some insights into how the IRS determines the value of your business.

    Saved on 09-20-2019 - Remove
  • KN+S Client Highlight: Venture Lane

    Learn more about this unique start-up hub.

    Saved on 09-20-2019 - Remove
  • How Often Should You Pay Employees?

    One a week? Once a month? You need to decide how often you'll be signing paychecks. Click Full Article below to learn about the rules and best practices for timing paychecks.

    Saved on 09-20-2019 - Remove
  • Can You Still Deduct Meal Expenses?

    Tax reform passed at the end of 2017 made some important changes regarding the deductibility of meals. Some time-honored deductions are gone. Click through to see what's changed and what hasn't.

    Saved on 09-19-2019 - Remove
  • Taking Care of Your Heirs

    You've worked hard and saved your money, but that wasn't an end in itself. It was to take care of your loved ones, perhaps even generations not yet born. Click through for some insights into leaving assets for your descendants.

    Saved on 09-19-2019 - Remove
  • What's the Deal With Palimony?

    Marital property rights are in a state of transition, not the least because of recent developments regarding the rights of people who are not spouses at all but near-spouses. Click through to be privy to the debate on spousal rights.

    Saved on 08-12-2019 - Remove
  • Proper Reporting for QSEHRA Benefits

    If you offer a Qualified Small Employer Health Reimbursement Arrangement (QSEHRA), you must adhere to special reporting rules under IRS guidelines. Click through to see how this benefit should be handled for your employees.

    Saved on 08-10-2019 - Remove
  • Early Stage Investing and IRS Form 83(b) – by Ham Lord

    KN+S is pleased to present an article by Ham Lord, the founder of the Launchpad Venture group and the software company Seraf.    Ham has graciously allowed KN+S to reprint this article that he wrote on the importance and implication of IRS Form 83(b) to angel investors.

    Saved on 08-05-2019 - Remove
  • Special Video Report: Customer Relationships

    Do you want to have a good relationship with your customers? A few simple tips can mean the difference between "business as usual" and a "you've really wowed us!" Click Full Article below for a video on building great customer relationships.

    Saved on 08-04-2019 - Remove
  • Is This Your Situation: Do You Have the Financial Experience to Grow?

    A small business is almost always a passion project, but no matter how dedicated you are, you will need some help. Click through to learn how the right accountant can assist you through every step of your firm's future.

    Saved on 08-01-2019 - Remove
  • Flood Insurance: Who Needs It and How to Get It

    Many homeowners believe that a standard homeowners insurance policy includes coverage against floods, but it's not true. Flood insurance must be purchased separately. Click through to learn how to make sure you're covered.

    Saved on 09-14-2019 - Remove
  • Is This Your Situation: Needing to Start Year-Round Tax Planning

    You never should wait until April to think about your taxes. Click through to learn all the ways year-round tax planning can save your business a lot of money - by Michael Clements, KN+S Tax Department

    Saved on 09-04-2019 - Remove
  • College Savings Deductions for MA residents

    A new tax deduction is available for MA residents for prepaid tuition plans  - by Jeff Solomon

    Saved on 09-03-2019 - Remove
  • Manufacturing Tax Credits - Much to Consider - by Scott Callahan, KN+S Tax Department

    The manufacturing tax credits available for manufacturing businesses are applicable to a wide range of industries that aren't traditional manufacturing,  We are happy to help navigating the paperwork. 

    Saved on 09-03-2019 - Remove
  • IMPORTANT UPDATE: Massachusetts Paid Family and Medical Leave Act – What you need to know NOW!

    By Scott Simpson, Senior Tax Accountant at Katz, Nannis + Solomon, P.C.

    Saved on 09-01-2019 - Remove
  • The Dirty Dozen Tax Scams

    Tax season may be over, but tax scams are with us year-round. The IRS has issued a "Dirty Dozen" list of tax scams that may keep returning. Click through to learn how to recognize these and protect yourself.

    Saved on 09-01-2019 - Remove
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Katz Nannis + Solomon PC
800 South Street Suite 250
Waltham, MA 02453
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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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