Bulletins / News
- AKM Partner Warren M. Bergstein’s guide to tax planning for individuals and small businesses has been published by the New York State Society of CPAs “Tax Stringer”:
- 1099 Deadline is January 31st
- AKM Principal Nancy L. Adams will be speaking at NYWIFT.
- Net Investment Income Tax
- Tax Filing Deadline Changes: What You Need to Know.
One of the provisions of the Affordable Care Act (“ACA” or “Obamacare”) requires employers to provide ALL employees with a notice about the health insurance exchanges. This year’s deadline is October 1st. Continue reading
Earlier this summer the Supreme Court struck down the federal Defense of Marriage Act (DOMA), paving the way for federal recognition of same-sex marriages performed in states that allow them. Last week, the IRS followed up by issuing an extensive set of rules governing how legally married same-sex couples will be impacted for tax purposes. Continue reading
Independent contractors can save a business a lot of money. But if the IRS doesn’t agree with your classification or you make an error, it can end up costing you. AKM partners Warren Bergstein, Jack Gold and Craig Venokur are presenting a seminar on the details of 1099s including when to use them, which variant to use and how to correct filing mistakes. Continue reading
Given recent market volatility and uncertainty, we want to remind you that we offer portfolio review services through our Registered Investment Advisor, the AKM Consulting Group. Continue reading
AKM Partner Jack Gold was widely quoted in a story about Christian Lopez, the Yankees fan who caught — and returned — Derek Jeter’s 3,000th hit. The team showered the lucky fan with gifts valued at upwards of $30,000, all … Continue reading
In This Bulletin – 1) One Management Style Does Not Fit All – Three Different Ways of Running a Business 2) The Clock is Ticking – 10 Last-Minute Tax Moves, 3) Highlights of the New Small-Business Law, 4) Reasonable Comp for a Dynamo, 5) Resume RMDs From Retirement Plans, 6) Facts and Figures Continue reading
AKM passed a rigorous peer review by the American Institute of Certified Public Accountants (AICPA) Peer Review Committee Reporting Acceptance Body. Our next review will be in September 2013.
The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business, paid for with various revenue raisers. Here’s a brief overview of the tax changes in the new law. Continue reading
An issue for any corporation or other business entity operating in more than one state is determining the states in which it must file returns and pay income and or sales tax. It may also be subject to tax in other states in which its property, employees or other agents are physically present on a regular and systematic basis. A state has jurisdiction to tax a corporation or other business organized in another state only if the out-of-state corporations’ contacts with the state are sufficient to create nexus. Nexus is defined as some link between the state and the corporation it seeks to tax. Different taxes may have differing threshold standards for establishing physical or economic nexus. Those standards are the outgrowth of judicial decisions that are accepted or modified because of legislative activity. Continue reading
You can’t do much about economic ups and downs, but you can take steps to minimize your tax burden, no matter which way the market moves. The key is to continually adjust your tax plan in light of economic swings and changes in tax laws or your personal situation. Continue reading