With a strong sense of purpose, the Farkouh partners, professional staff and their family members assembled in Cadman Park on the Brooklyn waterfront on the morning of Saturday, November 22nd to honor the memory of dedicated colleague of 3 years and great friend, William Lepro, who had recently been taken by cancer.
FF&F News & Events
Before the fast-approaching new year, it’s important to take some time and reflect on year end tax planning. The weeks pass quickly and the arrival of January 1, 2015 will close the doors to some tax planning strategies and opportunities. Fortunately, there is still time for a careful review of your year-end tax planning strategy.
Taxpayers will receive some modest relief for the 2015 tax year, thanks to the mandatory annual inflation-adjustments provided under the Tax Code.
Who doesn’t like free stuff & a little conversation? We’re definitely ready to meet some future CPAs, so come join us at the NYSSCPA NextGen Accounting Career Fair on Tuesday, October 7th and meet our team!
As the 2015 filing season approaches, IRS Commissioner John Koskinen is bracing taxpayers for more reductions in customer service unless the agency receives more funding. According to Koskinen, the IRS is facing its biggest challenge in recent years.
The current likelihood that your business will become involved in an employment tax audit or an employment-related income tax audit has increased: the IRS is aggressively attempting to reduce the “tax gap” of uncollected revenues in a time of increasing budget austerity.
In his January 2014 State of the Union address, President Obama instructed the Treasury Department to develop a new savings vehicle called “myRA.” The new savings arrangements share many similarities with Roth IRAs but also have some unique features.
Taxpayers using real estate in their business often can generate significant tax savings and increase cash flow by using the technique of cost segregation. Cost segregation is the identification and separate depreciation of personal property components and land improvements.