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Posted in Featured Content, In The News

The Benefits of Filing Taxes Early

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The regular filling deadline for individual tax returns is Wednesday, April 15th, and filing early has its perks. U.S. News & World Report caught up with MWE tax partner Lance Christensen to talk about the benefits of filing early, and how to avoid tax fraud.      

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

New law provides a variety of tax breaks to businesses and employers

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While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated Appropriations Act, 2020” was signed into law on December 20, 2019. It makes many changes to the tax code, including an extension…

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

Benchmarking financial performance

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You already may have reviewed a preliminary draft of your company’s 2019 financial statements. But without a frame of reference, they don’t mean much. That’s why it’s important to compare your company’s performance over time and against competitors. Conduct a well-rounded evaluation A comprehensive benchmarking study requires calculating ratios that gauge the following five elements:…

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Posted in Featured Content, Newsletters

MWE Advisor December Highlights

Home Mortgage

December highlights from The MWE Advisor: FAQs about home office deductions; If you have extra cash on hand, should you accelerate your home mortgage payments?

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Posted in Articles, Featured Content

Qualified Opportunity Zones: Caution or Full Steam Ahead?

Yes No Maybe Large

The groundbreaking 2017 Tax Cuts and Jobs Act legislation sent shock waves through the real estate industry when it introduced qualified opportunity zones. These federal zones help real estate investors and developers alike save taxes and expand their operations – but not without some challenges. Here are some tips to shed some light on this…

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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 The Bottom Line, Featured Post, Infographics, Featured Content

New Year’s Eve can get expensive

New Year’s Eve Can Get Expensive Featured

Fun fact: Depending on your plans, New Year’s Eve can get expensive.

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Posted in Alerts, Featured Content

Top Accounting Firm Margolin, Winer & Evens LLP Moves to RXR Plaza

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Top accounting and business advisory firm Margolin, Winer & Evens LLP headed into its 74th year in business and a new decade by relocating the firm’s Long Island office to RXR Plaza in Uniondale. The firm will occupy the entire top floor of the West Tower.

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

2020 Q1 tax calendar: Key deadlines for businesses and other employers

2020 Q1 tax calendar

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

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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 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

Pizzimenti Joe PLAY BUTTON2 220x166 - Recording: Fall 2019 State & Local Tax Update Webinar

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 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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