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April 2014 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 April 2014. April 2 Employers. Semi-weekly depositors must deposit employment taxes for payroll date March 26–28. […]

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March 2014, Newsletter

Steve Grgas explains ‘Treasury Set to Develop New Retirement Savings Vehicle’ Joe Romano discusses tax incentives in his FundingGates article ‘Tax Incentives are The Key to Managing Liabilities in 2014’

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FundingGates: Tax Incentives are The Key to Managing Liabilities in 2014

Looking for good news about your future income taxes? As a business owner, you probably won’t find a whole lot at first glance. 2013 and 2014 have brought new taxes, tax rate increases, and the reduction or elimination of some valuable incentives for small businesses. But don’t lose heart. While it is certainly possible that […]

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Treasury set to develop new retirement savings vehicle: myRAs

In his January 2014 State of the Union address, President Obama instructed the Treasury Department to develop a new savings vehicle called “myRA.” The new savings arrangements share many similarities with Roth IRAs but also have some unique features. At press time, the Treasury Department is expected to roll out myRAs before year-end 2014. Certain […]

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FAQ: Does tax return identity theft spike at the start of the filing season?

Yes. Identity theft is a growing problem and the start of the return filing season is one of the peak times for identity thieves filing fraudulent returns. Criminals file false returns early to get refunds and unsuspecting taxpayers are unaware their identities have been stolen until they file their returns. Individuals who believe they have […]

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March 2014 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 March 2014. March 5 Employers. Semi-weekly depositors must deposit employment taxes for payroll date February 26–28. March […]

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February 2014, Newsletter

Forbes.com: Joe Romano Discusses ‘How Fine-Tuning Your Focus Can Grow Your Business’ Andy Presti provides and update on the Affordable Care Act (ACA)

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Major Partnership Regulations Take Aim at Built-in Losses

Major partnership regulations take aim at built-in losses and other duplicated loss transactions The IRS has issued comprehensive proposed regulations that would limit duplicated losses and inappropriate transfers of built-in losses between partners. The regulations seek to implement and fine-tune tax code provisions enacted in the American Jobs Act of 2004. They will have a […]

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Affordable Care Act (ACA) – Updated

On Feb. 10, 2014, the Treasury released new rules further delaying the employer mandate for businesses with 50 to 99 fulltime equivalent employees ( FTEs). This announcement effectively created a new class of “mid-sized” businesses that will be exempt from the employer mandate until 2016. The recently released rules also stipulate that companies with greater […]

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Presti & Naegele’s Joe Romano Discusses Business Growth on the Forbes Website.

How Fine-Tuning Your Focus Can Grow Your Business Many business owners don’t realize that their success is driven by a small subset of their products, services, and customers. Actual profit drivers may be hidden in a mass of data and unknown opportunity costs, making it difficult for owners to act strategically when planning future product […]

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