Retirement Planning

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CJBS
by Michael W. Blitstein, CPA 2014 was a notable year for tax developments on a number of fronts. Selecting the top tax developments for 2014 requires judgment calls based upon uniqueness, taxpayers affected, and forward looking impact on 2015 and beyond. With respect to David Letterman, the following list of 2014 tax developments reflects this […]
February 10, 2015
4 MIN READ
Accounting
Audit
Audit Committee
Not-for-profit
CJBS
by Andrew Lotts, member, CJBS With the Sarbanes-Oxley Act (SOX) of 2002, there has been limited direct impact on nonprofits, remembering that SOX is law for publicly traded companies only.  However, many forward-thinking not-for-profits are asking themselves what parts of the SOX they should consider enacting as a part of best-practices. In fact, the Attorney […]
August 31, 2011
6 MIN READ
Accounting
Business
Corporate income tax
Tax deductions
Blog
CJBS
by Robin Mandell, CPA Many states are becoming aggressive in taxing corporations based on the privilege of conducting business or deriving income within a state.   Florida has just ruled on a case subjecting a corporation to income tax even though it has no physical presence in Florida. A corporate taxpayer had nexus with Florida and […]
August 17, 2011
2 MIN READ
Business
Estate Planning
Estate Tax
IRS
Blog
CJBS
by Matthew Bergman, CPA  On August 7, 2011, the IRS issued guidance on the time and manner for making the election not to have estate tax apply to estates of decedents who died in 2010. The election must be made by November 15, 2011. The notice also discusses how donors can elect out of automatic […]
August 16, 2011
2 MIN READ
Business
Retirement Planning
Blog
CJBS
by Matthew Bergman, CPA Beginning July 1, 2011, the 0.2% Federal unemployment tax (FUTA) surtax is no longer in effect. Thus, the FUTA tax rate, before consideration of state unemployment tax credits, is now 6.0%. Background. Under Code Sec. 3301(1), the 0.2% FUTA surtax expired on June 30, 2011. The surtax was part of the […]
July 15, 2011
2 MIN READ
Business
Retirement Planning
Blog
CJBS
by Matthew Bergman, CPA The effective tax rate for the Federal Employment Taxes (“FUTA”) was reduced from .8% (.008) to .6% (.006) on July 1, 2011. Congress has announced that the FUTA .2% surcharge, first enacted in 1977, will not be extended after June 30, 2011. Employers have been required to pay a flat rate […]
July 5, 2011
1 MIN READ