INDUSTRY NEWS 2018-02-07T21:17:43+00:00

industry news

Grossman St. Amour CPAs team members address relevant subject matters in the world of accounting, taxation, business valuation and financial planning.  We invite you to review the various industry articles below.   Should you have a question about or interest in a particular subject matter, please contact us.

Don’t Overlook Child-Related Deductions and Credits

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 [...]

September 13th, 2017|

September 2017 Tax Compliance Calendar

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 [...]

September 13th, 2017|

What is “Assignment of Income” Under the Tax Law?

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 [...]

September 13th, 2017|

Divorce and Business Assets: What you Need to Know

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/  

August 16th, 2017|

August 2017 Tax Compliance Calendar

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. [...]

August 16th, 2017|

How Do I Safeguard Tax Benefits Against Natural Disasters

As “hurricane season” officially begins, the IRS has released a number a tax tips, reminders and other advice to help taxpayers weather the storm of natural disasters and similar emergencies. The underlying theme for all IRS "tax tips" is that recordkeeping [...]

June 7th, 2017|

Trump’s FY 2018 Budget Outlines Tax Reform Proposals

Since taking office in January, President Trump has called for comprehensive tax reform. The President’s recently released fiscal year (FY) 2018 outlines some of his key tax reform principles. At the same time, White House officials said that more tax reform [...]

June 7th, 2017|

Debate Over Health Care & Taxes Moves to Senate

The future of the Affordable Care Act and its associated taxes has moved to the Senate following passage of the American Health Care Act (AHCA) in the House in April. Traditionally, legislation moves more slowly in the Senate than in the [...]

June 7th, 2017|