On May 1, 2015, New York Yankees Third Baseman/Designated Hitter Alex Rodriguez hit his 660th career homerun, triggering a $6 million dollar bonus for the first of 5 milestone home runs. While the Yankees are disputing whether or not they have to pay this bonus,...
On Tuesday, April 28th, 2015, the National Football League (NFL) announced that it would be revoking its status as a tax exempt organization effective for their 2015 tax filings. The NFL believes that this will have minimal impact on the function of their operations....
The 2014 tax filing season is finally over (or at least extended until September/October for some people) and as such, marks the return of Tax Tip Tuesdays. Many people immediately like to forget about taxes right after they have completed their prior year filings,...
In an era where tax breaks are being continuously eliminated and tax rates are rising, one of the best tools still available to taxpayers to save on their taxes is through the use of retirement plans. In an effort to encourage savings for retirement, the federal...
It is a hackneyed cliché that the world is getting smaller, but this shift is true for business as technology allows even small entities the ability to compete and utilize talent on a global scale. In the past few months we have seen many of our clients begin to...
Tonight, Tuesday January 20th, 2015, President Obama will deliver his 2015 State of the Union address. Based on previews released to the media, there will be a heavy focus on taxes and tax reform for the coming year. The big proposals will revolve around tax cuts...
It has been estimated that over 33 million people per year play some form of fantasy sports, whether it be football, hockey, baseball, or basketball. Over the past year or so, there has been a rapid increase in popularity in “Daily Fantasy Leagues”, such as...
With the Tax Extenders now behind us, we now enter crunch time for tax planning for both businesses and individuals. With a little over two weeks left in the tax year and many people planning on vacations before the end of the year, there is precious little time left...
After 11 months of rhetoric and inaction, on Thursday, December 4th , the House of Representatives finally passed the “Tax Increase Prevention Act of 2014”. This Act was designed to extend the expiration of popular tax breaks, commonly known as the “Tax Extenders”....
