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November 1, 2022
Anthony Menichiello
What do the 2023 cost-of-living adjustment ...

Don’t forget to factor 2023 cost-of-living adjustments into your year-end tax planning.

What do the 2023 cost-of-living adjustment numbers mean for you?
August 31, 2022
Anthony Menichiello
IRS offers penalty relief for 2019, 2020 tax ...

The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late due to the COVID-19 pandemic. Find out if you might qualify.

IRS offers penalty relief for 2019, 2020 tax years
August 4, 2022
Anthony Menichiello
Businesses: Act now to make the most out of ...

If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.

Businesses: Act now to make the most out of bonus depreciation
July 19, 2022
Anthony Menichiello
Standard business mileage rate will increase ...

Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile.

Standard business mileage rate will increase for the second half of 2022
March 30, 2021
Anthony Menichiello
Make the most of the Employee Retention Credit

Is your business taking full advantage of the Employee Retention Credit?

Make the most of the Employee Retention Credit
Anthony Menichiello
December 28, 2016

Few changes to retirement plan contribution limits for 2017

Anthony Menichiello
December 28, 2016
Few changes to retirement plan contribution limits for 2017

It’s time to start thinking about how much you’ll contribute to retirement plans in 2017. Find out what the 2017 limits are and whether you can increase your contributions.

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Anthony Menichiello
December 20, 2016

Want to save for education? Make 2016 ESA contributions by December 31

Anthony Menichiello
December 20, 2016
Want to save for education? Make 2016 ESA contributions by December 31

Don’t miss out on the chance to maximize tax-advantaged savings for education expenses. ESAs provide unique benefits, but because the annual contribution limit is low, it’s important to contribute every year in which you’re eligible.

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Anthony Menichiello
November 28, 2016

Accelerating your property tax deduction to reduce your 2016 tax bill

Anthony Menichiello
November 28, 2016
Accelerating your property tax deduction to reduce your 2016 tax bill

If you have a 2016 property tax bill that isn’t due until 2017, you may be able to time your payment to your income-tax advantage. Here’s how.

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Anthony Menichiello
September 13, 2016

Documentation is the key to business expense deductions

Anthony Menichiello
September 13, 2016
Documentation is the key to business expense deductions

You need detailed, accurate records to protect business tax deductions.

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Anthony Menichiello
September 6, 2016

Are frequent flyer miles ever taxable?

Anthony Menichiello
September 6, 2016
Are frequent flyer miles ever taxable?

A free airline ticket from frequent flyer miles might have an income tax cost. Learn when.

1 Comment
Anthony Menichiello
August 11, 2016

3 strategies for tax-smart giving

Anthony Menichiello
August 11, 2016
3 strategies for tax-smart giving

To maximize what goes to loved ones vs. Uncle Sam, you need to carefully plan your gifts.

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Anthony Menichiello
July 26, 2016

Should you make a “charitable IRA rollover” in 2016?

Anthony Menichiello
July 26, 2016
Should you make a “charitable IRA rollover” in 2016?

Taking an IRA withdrawal and donating it to charity can be a tax-smart option for charitably inclined retirees. But if you’re eligible, you might save more tax by making a direct charitable IRA rollover.

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Anthony Menichiello
June 28, 2016

Awards of RSUs can provide tax deferral opportunity

Anthony Menichiello
June 28, 2016
Awards of RSUs can provide tax deferral opportunity

If RSUs are part of your compensation package, be sure you understand the tax consequences — and a valuable tax deferral opportunity.

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Anthony Menichiello
June 21, 2016

Throw a company picnic for employees this summer and enjoy larger deductions

Anthony Menichiello
June 21, 2016
Throw a company picnic for employees this summer and enjoy larger deductions

Many businesses host a picnic for employees in the summer. It’s a fun activity for your staff and you may be able to take a larger deduction for the cost than you would on other meal and entertainment expenses.

1 Comment
Anthony Menichiello
May 31, 2016

Stock market volatility can cut tax on a Roth IRA conversion

Anthony Menichiello
May 31, 2016
Stock market volatility can cut tax on a Roth IRA conversion

This year’s stock market volatility can be unnerving, but if you have a traditional IRA, this volatility may provide a valuable opportunity: It can allow you to convert your traditional IRA to a Roth IRA at a lower tax cost.

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Anthony Menichiello
May 27, 2016

How many employees does your business have for ACA purposes?

Anthony Menichiello
May 27, 2016
How many employees does your business have for ACA purposes?

How many full-time workers does your business employ? But, when it comes to the Affordable Care Act (ACA), the answer can be complicated.

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Anthony Menichiello
May 17, 2016

How summer day camp can save you taxes

Anthony Menichiello
May 17, 2016
How summer day camp can save you taxes

Did you know that sending your child to day camp might make you eligible for a tax credit?

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Anthony Menichiello
May 12, 2016

Putting your home on the market? Understand the tax consequences of a sale

Anthony Menichiello
May 12, 2016
Putting your home on the market?  Understand the tax consequences of a sale

You may be one of the many homeowners who are getting ready to put their home on the market.

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Anthony Menichiello
May 3, 2016

QSB stock offers 2 valuable tax benefits

Anthony Menichiello
May 3, 2016
QSB stock offers 2 valuable tax benefits

By investing in qualified small business (QSB) stock, you can diversify your portfolio and enjoy two valuable tax benefits.

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Anthony Menichiello
April 25, 2016

Why it’s time to start tax planning for 2016

Anthony Menichiello
April 25, 2016
Why it’s time to start tax planning for 2016

For maximum tax savings, now is the time to start tax planning for 2016.

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Anthony Menichiello
April 5, 2016

Filing for an extension isn’t without perils

Anthony Menichiello
April 5, 2016
Filing for an extension isn’t without perils

So, if you haven’t filed your return yet, you may be thinking about an extension.

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Anthony Menichiello
March 29, 2016

Entrepreneurs: What can you deduct and when?

Anthony Menichiello
March 29, 2016
Entrepreneurs: What can you deduct and when?

Starting a new business is an exciting time. But before you even open the doors, you generally have to spend a lot of money.

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Anthony Menichiello
March 24, 2016

Tips for deducting losses from a disaster, fire or theft

Anthony Menichiello
March 24, 2016
Tips for deducting losses from a disaster, fire or theft

If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses.

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Anthony Menichiello
March 15, 2016

3 income-tax-smart gifting strategies

Anthony Menichiello
March 15, 2016
3 income-tax-smart gifting strategies

3 smart gifting strategies for the 2016 tax year.

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Anthony Menichiello
March 8, 2016
Tax Strategy

Make a 2015 contribution to an IRA before time runs out

Anthony Menichiello
March 8, 2016
Tax Strategy
Make a 2015 contribution to an IRA before time runs out

Have you maxed out your 2015 limits?

Tagged: IRA, CONTRIBUTIONS, RETIREMENT

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