Businesses Pay a Steep Price for Failure to Issue 1099s

Bulletin Businesses that do not issue Form 1099 as required have been in for some nasty surprises from the IRS lately.  There are several variations of Form 1099, but the primary one for business services is the 1099-MISC.  Beginning January … Continue reading

Posted in Bulletins, News

When “the IRS” Calls, Hang Up, Don’t Hang On

In recent weeks, numerous taxpayers have reported receiving threatening phone calls “from the IRS.” If you receive such a call, hang up immediately; it is a scam. The IRS always communicates with taxpayers in writing via U.S. Mail. Do not … Continue reading

Posted in Alerts

Go Phish:Be On Guard Against IRS-Related Scams This Tax Season

Every year around this time, news reports are filled with stories of people who have fallen victim to identity theft and had their tax refunds stolen or suffered other crimes as a result. Each year, the schemes seem to get cleverer … Continue reading

Posted in News

Seven Tips for Thriving this Tax Season

The annual tax filing deadline is still several weeks away for both individual and business taxpayers.  That may seem like a long way off, but a lot needs to happen fairly quickly if you are going to be ready to … Continue reading

Posted in Bulletins, News

AKM partners Warren M. Bergstein and Jack E. Gold presented at the 2016 Staten Island Tax Law Update Seminar, highlighting new federal and state tax updates for small businesses.

AKM partners Warren M. Bergstein and Jack E. Gold presented at the 2016 Staten Island Tax Law Update Seminar, highlighting new federal and state tax updates for small businesses.  

Posted in News

2016 Service Menu

2016 Service Menu

Posted in News

AKM 2015-2016 Tax Planning Guide

With an uncertain playing field, nimbleness is critical. Click here to download AKM Tax Guide 2015-2016 [pdf] We’ve been here before.  Tax “extenders” – various deductions and credits, typically affecting higher net worth individuals and business owners – are again … Continue reading

Posted in News, Tax Guides

AKM Partner Warren M. Bergstein has been elected President of the Accountants Club of America, Inc. and Accountants Forum, Inc.

AKM Partner Warren M. Bergstein has been elected President of the Accountants Club of America, Inc. and Accountants Forum, Inc.

Posted in News

AKM 2014-2015 Tax Planning Guide

At the beginning of 2013, many tax rates and breaks were made permanent. The increased certainty brought by these tax law changes has in some ways made tax planning in 2014 a little easier.

But the changes also brought tax hikes to higher-income taxpayers — including the return of the 39.6% income tax rate and 20% long-term capital gains rate. In addition, some new and expanded taxes under the Affordable Care Act (ACA) now affect higher-income taxpayers: the 3.8% net investment income tax and the 0.9% additional Medicare tax.
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Posted in News, Tax Guides

August 4 Deadline for Disclosing Offshore Accounts

US taxpayers who do not voluntarily disclose offshore holdings by August 4, 2014 could face significant penalties – up to 50% of each account’s highest balance, in addition to possible criminal prosecution.   The IRS issued a reminder of this looming … Continue reading

Posted in Alerts, News