Alloy Silverstein’s articles and insights are updated weekly. Stay tuned for the latest tips and news on managing your business, the latest tax law, preventing fraud, preparing your taxes, and more.
A new deduction introduced by the Tax Cuts and Jobs Act of 2017 is the Qualified Business Income (QBI) Deduction, one of the biggest changes for pass-through entities under tax reform. This is a new deduction for…
Read More...Alloy Silverstein’s Tax Tip of the Week The new Tax Cuts and Jobs Act (TCJA) includes significant changes for individuals and businesses alike, enhancing some tax breaks and eliminating or reducing others. One new provision…
Read More...Note: On June 21, 2018, the U.S. Supreme Court ruled in favor of the states in the South Dakota v. Wayfair case, granting them greater power to require out-of-state retailers to collect sales tax on…
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Professional golfers are fortunate to have immense talent and skill in the art of golf, but playing professionally comes at the cost of facing a myriad of complex tax rules and recordkeeping, all while on…
Read More...Every year the IRS releases its “Dirty Dozen” list of the year’s most prevalent tax scams. They include ploys to steal personal information, talk people out of money, or engage in questionable tax activity. It’s…
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The use of cloud accounting has been on the rise in recent years, and for good reason. Transitioning from desktop software to cloud-based programs affords your business accessibility, added security, and peace of mind. As…
Read More...Alloy Silverstein Accountant Valentina Efremova reminds taxpayers what needs to be done before the April 17, 2018 deadline. With just under two weeks left to complete and file your 2017 income tax return, don’t forget,…
Read More...The Tax Cuts and Jobs Act has grabbed the headlines in 2018. However, if you still have to file your 2017 tax return, it will generally be based on prior law. For example, you may…
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