Archive for July, 2015

We’re Hiring!

Does this job hunt check list sound familiar? Grow and develop your career, build relationships, have your ideas valued, and be more than just a number?  If you answered yes, you’ve found your CPA firm. 

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Posted In: Alerts & Advisories, News

Tax Alert- Tread carefully when determining compensation for S corp. shareholder-employees

By distributing profits in the form of dividends rather than salary, an S corporation and its owners can avoid payroll taxes on these amounts. Because of the additional 0.9% Medicare tax on wages in excess

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Posted In: Alerts & Advisories

FASB Update

FASB recently issued Accounting Standards Update 2015-11 Inventory (Topic 33) Simplifying the Measurement of Inventory. The amendments in this Update do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail

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Posted In: Alerts & Advisories

Tax Alert- Tax treatment of NQSOs differs from that of their better-known counterpart

With nonqualified stock options (NQSOs), if the stock appreciates beyond your exercise price, you can buy shares at a price below what they’re trading for. This is the same as for the perhaps better-known incentive

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Posted In: Alerts & Advisories

July 2015 Nonprofit Newsletter

This month’s newsletter includes: Knowledge Management Enables Nonprofits to Fulfill Their Mission Revenue Recognition effective date delayed by one year Do I Want or Need a Financial Statement Audit? Read the entire newsletter.

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Posted In: Alerts & Advisories

Tax Alert- How to begin collecting your 2015 tax refund now

If you usually receive a large federal income tax refund, you’re essentially making an interest-free loan to the IRS. Rather than wait until you file your 2015 tax return in 2016, why not begin enjoying

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Posted In: Alerts & Advisories

Scott Kaplowitch in Wall Street Journal, “A New Tax Break for Married Couples.”

Partner Scott Kaplowitch was quoted in the Wall Street Journal article, “A New Tax Break for Married Couples” discussing the Internal Revenue Service’s recently released final rules detailing a substantial estate-and-gift tax break for married

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Posted In: Articles

Scott Kaplowitch Presents at Greentown Labs

Scott Kaplowitch, along with Frank Sennott, Financial Planner at Ropes Wealth Advisors, presented Tax and Financial Considerations of Stock Options to a group of 20 at Greentown Labs on Thursday, July 2nd.  Greentown Labs enables

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Posted In: Events

Tax Alert- Large employers: Time to start planning for ACA information reporting

With the U.S. Supreme Court’s June 25 decision upholding the Affordable Care Act (ACA) yet again, employers subject to the act’s information reporting provision can no longer afford to put off planning in the hope

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Posted In: Alerts & Advisories