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Posted in The Bottom Line, Featured Post, Small Business, Featured Content

Do you qualify for the home office deduction?

Under the Tax Cuts and Jobs Act, employees can no longer claim the home office deduction. If, however, you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the home office deduction may still be available to you. Home-related expenses Homeowners know that they can…

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Posted in Alerts, Featured Content

Hiding in Plain Sight – Maximizing Opportunities for Tax Efficiency

On August 1, accounting and business advisory firm Margolin, Winer & Evens and law firm Rivkin Radler led a joint program covering the new tax reform law, its implications and overall opportunities for maximizing tax efficiency. The conversation took place at The Yale Club in Manhattan and covered topics ranging from the Act’s impact on…

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Posted in Articles, Featured Content

Private Companies Face Deadline for New Revenue Recognition Standard

A critical deadline is approaching for private companies. For annual reporting periods beginning after Dec. 15, 2018, private entities must adopt a new standard for revenue recognition issued by the Financial Accounting Standards Board. The new standard, “Revenue from Contracts with Customers,” replaces all previously existing standards and guidance in order to, among other things:…

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Posted in The Bottom Line, Featured Post, Estate Planning, Featured Content

Use the proper tools to fix a broken trust

An irrevocable trust has long been a key component of many estate plans. But what if it no longer serves your purposes? Is it too late to change it? Depending on applicable state law, you may have options to fix a “broken” trust.

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Posted in Featured Content, Newsletters

MWE Advisor July Highlights

July highlights from The MWE Advisor: there’s a new limit on deductions for business interest expense and provisions of the new law that that may be relevant if you’re hitting milestones like marriage, new kids, divorce and new homes.

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Posted in The Bottom Line, Featured Post, Individual Tax Brief, Featured Content

3 traditional midyear tax planning strategies for individuals that hold up post-TCJA

With its many changes to individual tax rates, brackets and breaks, the Tax Cuts and Jobs Act (TCJA) means taxpayers need to revisit their tax planning strategies. Certain strategies that were once tried-and-true will no longer save or defer tax. But there are some that will hold up for many taxpayers. And they’ll be more…

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Posted in Featured Content, In The News

Will the Trump Tax Bill Drive Down Ticket Sales?

Built into the Tax Cuts and Jobs Act is a provision stripping out the 50 percent deduction for business entertainment expenses, like taking clients to sporting events. MWE Partner Lance Christensen talks to The New York Times about the impact this may have on businesses and sports teams’ future ticket sales.    

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Posted in The Bottom Line, Featured Post, Infographics, Featured Content

Send me an angel (investor)

Angel investors reportedly pour $24 billion into 64,000 U.S. companies each year. If your start-up is hoping to attract financing from one of these individuals, check out our new infographic to see what piques their interest.

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Posted in Featured Content, In The News

NY Firm Escapes the Office After Tax Season

          Back by popular demand, MWE hosted its second annual post-busy season “ Escape the Office” event for the staff. In May, one of our conference rooms was transformed into a carnival, and participants had to escape before a thunderstorm struck. After the event, CPA Practice Advisor interviewed Managing Partner Read More

Posted in Articles, Featured Content

Real Estate Developers Should Possibly Wait on Immediate Tax Law Response

as published in When the biggest tax changes in a generation become law, it’s tempting to act as quickly as possible. Yet the Tax Cuts and Jobs Act lacks many concrete provisions, and the IRS is still waiting on technical corrections from Congress to many of its bare-bones rules. As such, 2018 has evolved into…

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Posted in Featured Content, In The News

Feds end deduction for entertaining clients

“I don’t have any evidence that people have changed their minds about [entertaining their clients]. But these types of things usually have an impact,” said MWE Partner Lance Christensen in this Long Island Business News article. “People may not go to some of these business entertainment functions or they may get fewer tickets or…

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Posted in Featured Content, In The News

New Tax Law Could Affect Sports Teams’ Ticket Revenue

Major League Baseball attendance has dropped over the past few seasons and experts blame the weather, noncompetitive teams, and the pace of the game. But MWE Partner Lance Christensen offers another theory to CBS Local: Starting next season, attendance might continue to drop if companies stop buying tickets to entertain clients now that the…

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Posted in Featured Content, Newsletters

MWE Advisor June Highlights

June highlights from The MWE Advisor: six cool ways to save taxes during the hot summer months and new tax benefits of hiring your kid.

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Posted in Featured Content, In The News

9 Mistakes that New Businesses Make

Starting a business is risky – one in five new companies don’t survive the first year, and only about half are still around after five years. MWE Partner Al Materazo talks to Long Island Business News about common mistakes that small business owners often make.    

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Posted in Articles, Featured Content

Ensure Compliance With New York’s Revitalized 421-a Tax Abatement Program

For developers able to navigate the city’s unfolding new rules, the New York skyline offers an enticing tax break. New York’s 421-a property tax exemption lapsed in early 2016, amid escalating concerns that developers weren’t providing adequate affordable housing in exchange for tax breaks, but it was officially renewed as “Affordable New York” in April…

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Posted in Featured Content, Guides, Surveys & White Papers

Navigating the New Tax Law: When to Act and When to Hold Off

The new tax law overhauls the U.S. tax code in a scale and proportion not seen in more than 30 years. Navigating it will require skill and finesse. While the law will have a profound impact on both businesses and individuals – it slashes the corporate tax rate, eliminates the corporate alternative minimum tax and…

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