November 17, 2016 – In 1980, there were roughly 545,000 S corporations filing tax returns in the United States. By 2011, that number was well…read more

November 10, 2016 – Rev. Proc. 2015-56 established an automatic accounting method change to adopt a safe-harbor method of accounting for remodel-refresh expenditures for qualified…read more

September 29, 2016 – The IRS has released new guidance to help taxpayers avoid taxes and penalties for late rollovers of distributions from employer-sponsored retirement…read more

June 23, 2016 – The IRS recently identified a number of common errors seen in two of the most popular retirement plans used by small…read more

May 12, 2016 – Sometimes small changes get overlooked. Here’s a reminder that the Social Security Administration (SSA) and IRS made cost-of-living adjustments (COLAs) that…read more

April 28, 2016 – The Protecting Americans from Tax Hikes (PATH) Act of 2015 has relaxed several restrictions on Section 529 accounts — tax-favored college…read more

December 4, 2015 – The tangible property regulations, effective January 1, 2014, impact the tax treatment of acquiring, maintaining, repairing, improving, and disposing of tangible…read more

December 3, 2015 – This summer, federal lawmakers enacted legislation that includes several tax-related provisions. The tax law changes the federal income-tax return filing deadlines for…read more

  October 14, 2015 – Many businesses reimburse their employees for expenses incurred while out of the office during business related activities.  It is important…read more

  June 9, 2015 – Alternative energy sources are a growing priority for many of us. Drive, walk or bike around Buffalo and our neighboring…read more