Currently, leases are categorized as operating or capital leases.  Generally an operating lease impacts the income statement only, with an annual charge to rent or lease expense.  Typically, the rental of office or warehouse space…

Alloy Silverstein’s Tax Tip of the Week   Now that the kids went back to school, you may have the itch to return to the classroom yourself, perhaps to brush up on certain skills in…

Major Tax Deadlines for December 2017   December 15 – Due date for calendar-year corporations to pay the fourth installment of 2017 estimated income tax. December 31 – Deadline to complete 2017 tax-free gifts of…

Editor’s Note: This article was written and posted prior to the passing of the Tax Cuts and Jobs Act of 2017. Consult with your tax advisor for the most up to date information. The little…

The Free Application for Federal Student Aid (FAFSA) is a tool that students use to apply for more than $120 billion in federal funds. Unfortunately, each year many students miss out. A report from NerdWallet…

Alloy Silverstein’s Tax Tip of the Week Some tax planning moves for small businesses are more common, like acquiring property that qualifies for the generous Section 179 expensing allowance. But other strategies may fly under…

If you have a high school aged child getting prepared to head to college, you probably won’t be surprised to learn that tuition costs rise faster than the average inflation rate. During the last 10…

Earlier this year, Equifax, a major credit reporting agency, fell victim to hackers who allegedly exposed the personal in­formation of more than 143 million Ameri­cans. Unlike credit card theft, a compro­mised social security number has…