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.
Although the employee may end up with the same amount whether something is designated a tip or a service charge, the IRS reporting requirements for the employer do differ. Basically, any amount required to be paid by a customer rather than [...]
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 May [...]
Interim guidance describes for small businesses the new payroll tax credit election for increasing research expenses. The IRS also provided a special rule for 2016 for small businesses that did not claim the credit but want to claim the credit before [...]
A taxpayer who incurs an unpaid debt may notice a reduction in his or her federal tax refund. The Treasury Offset Program is allowed to use all or part of a taxpayer’s federal refund to settle unpaid federal or state debts, [...]
If you have any questions about tax reform, health care reform or any federal legislative developments, please contact Adam Panek, CPA, Partner at 315.701.6328 or firstname.lastname@example.org. Lawmakers continue to debate comprehensive tax reform, aiming for a package to clear Congress [...]
To ensure you are maximizing the start-up related deduction for a new business, it is important to consider each cost incurred. If you would like assistance in determining the costs that qualify for the start-up cost deduction, please call Adam [...]
There are many miscellaneous deductions and a number of very specific rules that may apply to any one. Please contact Elizabeth Gardner, CPA, Tax Manager, if you have questions about claiming the miscellaneous deductions and how they will affect your tax [...]
For more information about cash and non-cash charitable donations, contact Theresa M. Morgan, CPA, Tax Supervisor at 315.701.6336 or email@example.com. In a case that provides a lesson to anyone donating property to charity for which a deduction of [...]
For more information about depreciation contact Kathleen Kaminski, CPA at firstname.lastname@example.org or 315.701.6422. The IRS has released the inflation-adjusted limitations on depreciation deductions for business-use passenger automobiles, light trucks, and vans first placed in service during calendar year 2017. All limitations are [...]
Taxpayers who use their home for business may be able to deduct expenses for the business use of it. Qualified persons can claim the deduction whether they rent or own their home. Use the simplified method or the regular method to [...]