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

3 last-minute tips that may help trim your tax bill

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If you’re starting to fret about your 2019 tax bill, there’s good news — you may still have time to reduce your liability. Three strategies are available that may help you cut your taxes before year-end, including:

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Posted in Alerts, Featured Content

Event Alert: Qualified Opportunity Zones & 1031 Exchanges

MWE Logo Thumbnail 220x166 - Event Alert: Qualified Opportunity Zones & 1031 Exchanges

Join us for a complimentary real estate panel discussion on January 15, 2020 in NYC: Qualified Opportunity Zones & 1031 Exchanges – Best Practices and Pitfalls to Avoid. Panelists from MWE, Ranger Asset Management and Pierce Atwood LLP will discuss finding the right property, maximizing cash flow, attracting investors, timing constraints, and much more.…

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Posted in Featured Content, Newsletters

MWE Advisor November Highlights

Realty Check

November highlights from The MWE Advisor: FAQs about the 15.3% self-employment tax and how to possibly avoid it; Planning now to reduce your potential alternative minimum tax (AMT) exposure.

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Posted in The Bottom Line, Featured Post, State & Local Strategies, Corporate Income Tax, Income and Franchise, Nexus, Personal Income Tax, Property and Other State/Local Tax Issues, Sales and Use Tax, Featured Content

No Time for Wayfair Complacency

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According to a recent survey of 1,150 accounting professionals, business owners are becoming increasingly more comfortable with the ramifications of Wayfair on their businesses compared to the first half of the year. However, they should not get complacent just yet. Even though the Wayfair ruling was made over a year ago, its continued effects on…

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

Don’t let e-commerce fraud steal your holiday spirit

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Infographic: How to be safe while shopping online this holiday season.

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Posted in The Bottom Line, Featured Post, State & Local Strategies, Corporate Income Tax, Income and Franchise, Nexus, Personal Income Tax, Property and Other State/Local Tax Issues, Sales and Use Tax, Featured Content

Some SALTy Thoughts As We Get Ready For Thanksgiving Day Celebration With Family and Friends

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As we approach the 2019 Holiday Season with Thanksgiving Day celebrations next week, the ever thoughtful and provocative tax experts at the Tax Foundation were considerate enough to release their 2020 State Business Tax Climate Index for all to consider. A quick read of the 2020 State…

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Posted in The Bottom Line, Featured Post, Accounting & Auditing, Featured Content

How to keep track of small tools and equipment

Barcode Scan

Whether it’s hard hats and drills on a jobsite, iPads in an office or RFID readers in a warehouse, small tools and equipment have a tendency to disappear at many companies. The cost of lost, damaged and stolen items can quickly add up, consuming profits and cash flow. What can you do to manage these…

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

Small businesses: Get ready for your 1099-MISC reporting requirements

1099 Misc

A month after the new year begins, your business may be required to comply with rules to report amounts paid to independent contractors, vendors and others. You may have to send 1099-MISC forms to those whom you pay nonemployee compensation, as well as file copies with the IRS. This task can be time consuming and…

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

Veterans Are America’s Economic Weapon

Mobile

Thank you to the men and women who have risked their lives fighting for this country. According to the Small Business Association, “veterans are at least 45% more likely than those with no military experience to be entrepreneurs.” For more business facts about veterans, check out our latest infographic.

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Posted in The Bottom Line, Featured Post, State & Local Strategies, Corporate Income Tax, Income and Franchise, Nexus, Personal Income Tax, Property and Other State/Local Tax Issues, Sales and Use Tax, Featured Content

Recording: Fall 2019 State & Local Tax Update Webinar

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MWE SALT Director Joseph Pizzimenti, Esq., talks about what’s hot in State and Local Taxes, Wayfair, and what to expect next. Find the webinar recording here.

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Posted in Featured Content, Videos

2019 Pumpkin Carving Competition

Pumpkin Carving Video Logo

Sometimes you need to see it to believe it. Check out the footage from this year’s MWE Pumpkin Carving Competition, and see firsthand how nine teams turned their plain, ordinary pumpkins into a sporting spectacle.

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

4 payroll management tips for growing companies

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Infographic: How to head off payroll mistakes before they become major crises.

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

Watch out for tax-related scams

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“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. Criminals can contact victims through regular mail, telephone calls and email messages. Here are just two of the scams the tax agency has seen in recent months. Fake property liens. A tax bill is sent from…

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

Understanding and controlling the unemployment tax costs of your business

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As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of tax imposed is 6% but can be reduced by a credit (described below). Most employers end up paying an effective FUTA tax rate of 0.6%. An employer…

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Posted in Featured Content, In The News

It’s Tax Time Again for the Millions Who Got an Extension

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Back in April, many Americans (about one in 10 filers), asked for and received a six month extension to file their 2018 federal income tax returns. The new deadline is today, October 15th. The New York Times caught up with MWE partner Lance Christensen to learn more information about the new deadline and what…

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

Sec. 6166: Estate tax relief for family businesses

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Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping transfer (GST) taxes continue to place a burden on families with significant amounts of wealth tied up in illiquid closely held businesses. Fortunately, Internal Revenue Code Section 6166 provides some relief, allowing the estates of family business owners to…

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Posted in Articles, Featured Content

Tax Considerations for Cannabis Business and Investment

Cannabis Stock

as seen in The growing cannabis industry has piqued the interest of many business owners and investors who predict it could become a multi-billion dollar industry. Legal developments bolster this enthusiasm, as more than 30 states and the District of Columbia have thus far legalized marijuana for medical and/or recreational…

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Posted in Featured Content, Newsletters

MWE Advisor September Highlights

Refinanceyourhome

September highlights from The MWE Advisor: Tax implications of refinancing your home; Reviewing bonus depreciation options for your business.

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Posted in The Bottom Line, Featured Post, State & Local Strategies, Featured Content, In The News

New York, high-tax states dealt SALT cap blow in court, but fight likely not over

MWE Headshots Thumbnail JoePizzimenti 220x166 - New York, high-tax states dealt SALT cap blow in court, but fight likely not over

Yesterday, a Manhattan judge dismissed a lawsuit filed by four states including New York and New Jersey, saying that they failed to demonstrate that Congress exceeded its taxing authority when implementing the $10,000 cap on state and local tax deductions. After the news broke, Fox Business sat down with MWE SALT director Joseph Pizzimenti,…

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

Green energy & tax breaks

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Infographic: How to get (tax) credit for your home’s green energy upgrades.

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Posted in The Bottom Line, Featured Post, State & Local Strategies, Featured Content

House Seeks To Help “Blue” Taxpayers with SALT issues in Blue States

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According to a recent Bloomberg article, HILL TAX BRIEFING: House Tax Writers Consider SALT Change Today, several members of the House Ways and Means committee will be meeting soon to discuss the $10,000 limit on the State and Local Tax itemized deduction that was adopted as part of the Tax Cuts…

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Posted in Articles, Featured Content

Lawyers Can Foster Compliance With Audit-Proof Expensing

Michael Barg

by: Michael Barg, Tax Supervisor as published in Law360 Lawyers across firms and organizations play a critical role in fostering a culture of compliance. Business meal and entertainment costs are one area where developing a strong compliance culture can help minimize the risk of an audit, assessment…

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