From time to time, Grossman St. Amour CPAs team members address various subject matters in the world of accounting, taxation, business valuation and financial planning. We invite you to review the various articles and presentations to the right.
Should you have a question about or interest in a particular subject matter that is not addressed, please feel free to contact us for information on that specific subject.
The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use [...]
As you've likely already seen and heard plenty of news regarding the recent Equifax data breach, we've put together a summary of key information and steps you should take to protect your identity and minimize your chances of being a victim [...]
Gross income is taxed to the individual who earns it or to owner of property that generates the income. Under the so-called “assignment of income doctrine,” a taxpayer may not avoid tax by assigning the right to income to another. Gross [...]
Around this time of year, key inflation-adjusted amounts are set for the coming year. For some of these amounts, there are “hints” at what final numbers may look like. Such is the case for predicting for 2018 to Social Security [...]
Parents incur a variety of expenses associated with children. As a general rule, personal expenditures are not deductible. However, there are several deductions and credits that help defray some of the costs associated with raising children, including some costs related to [...]
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of September [...]
A partnership is created when persons join together with the intent to conduct unincorporated venture and share profits. Intent is determined from facts and circumstances, including the division of profits and losses, the ownership of capital, the conduct of parties, and [...]
Divorce can be challenging, stressful, and wrought with emotion. In circumstances where one or both spouses have business interests to protect, it can also be complicated. Read on for this insightful look at navigating through this complex issue.https://www.cnybj.com/divorce-and-business-assets-what-you-need-to-know/
WASHINGTON – The IRS, state tax agencies and the tax industry today urged tax professionals and businesses to beware of a recent increase in email scams targeting employee Forms W-2.The W-2 scam – called a business email compromise or BEC – [...]
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of August 2017. [...]