Tax Season Is Over!

Congratulations on making it through another Tax Season! As you take the next few days to slowly unwind from the stress of the busy season, below are some quotes that may provide some much needed comic relief: “The politicians say “we” can’t afford a tax cut. Maybe we can’t afford the politicians.” – Steve Forbes… Read More

Accountant Turned NHL Secret Weapon!?!

A friend of mine, who also happens to be the Managing Partner of a very successful mid-town CPA firm often says  “It is a well known fact that it is difficult to get anything past an accountant.” Less than two weeks ago, Scott Foster, accountant turned NHL secret weapon, proved that to be true both… Read More

The Final Four And The IRS

It has been an exciting month as we’ve watched 68 teams whittle down to 32, 16 and now the Final Four! As usual, March Madness did not disappoint as we are once again looking at the potential of a NCAA Cinderella story in the making. This weekend between Passover Seders and while prepping for Easter… Read More

How Is Your Firm Trending?

Conversely to what the weather is showing us, Spring really is around the corner, which means we are almost one-quarter in to 2018.  At the close of the first quarter, it’s commonplace to do a quick review to see how the year is stacking up, knowing that there is still enough time to get all… Read More

How Does The Weather Affect Our Economy?

While many in the Northeast are still picking up the pieces from the Nor’easter that came our way last Friday, we are already in “prepare” mode for what seems to be another rather large snowstorm heading our way. For many families, the costs incurred due to winter storms are easy to jot down: new freezer… Read More

Staying In Shape During Tax Season

Staying in shape is hard enough when you aren’t pulling over 12 hour days and working on Saturdays! Unfortunately, busy season also coincides with cold and flu season so keeping fit during this rigorous time is even more important to help keep your immune system in check and ward off the germs! If you’re looking… Read More

Meal and Entertainment Expense Changes Under New Tax Reform

Entertainment The Tax Cuts and Job Act (TCJA) eliminates the deduction for entertainment expenses, including activities such as taking a client or a prospect to sporting events, the theater, movies, concerts, and amusement parks. The act also eliminates deductions for expenses incurred for entertainment facilities (for example, a stadium suite or skybox) and for amounts… Read More