Synopsis: The impact of expiring green energy tax incentives for small business and what to expect in the future. As traditional fuel prices continue to climb, green energy tax incentives have failed to keep up with the pace. Over the past decade, tax breaks for solar, wind, and alternative fuels have made clean energy a [...]read more
Posted Wednesday, May 1, 2013The simple answer is “yes,” but each case is different. Check out the article I found pertaining to this at the following link: Elusive Sales Tax Refundsread more
Posted Wednesday, January 23, 2013The IRS has announced its rates, found a quick blog on this that is worth checking out if you reimburse your employeesread more
Posted Monday, January 7, 2013The fiscal cliff was avoided late Tuesday evening so what does this mean to your tax rates. Here is a brief summary Tax rates For tax years beginning after 2012, the income tax rates for individuals will stay at 10%, 15%, 25%, 28%, 33% and 35% (instead of moving to 15%, 28%, 31%, 36% and [...]read more
Posted Thursday, January 3, 2013Every year I receive questions on what to do for bonuses for employees. It appears that everyone has there own ideas on how to handle bonuses and whether they are taxable. Short answer: Bonuses are taxable to your employees, but deductible expenses for your business. For a longer answer, including the best way to handle [...]read more
Posted Wednesday, December 5, 2012
I am a licensed CPA in both New York and Massachusetts, and a member of the American Institute of Certified Public Accountants.