If you’re considering a move to Florida in order to maximize your assets and plan for your financial succession, you’ll want to start planning early to get the full benefit. In this webinar, we’ll cover the overall financial logistics of the move as well as pieces that should be addressed well in advance including: Retirement […]

TED BYER SELECTED AS TOP CPA OF THE DECADE BY THE INTERNATIONAL ASSOCIATION OF TOP PROFESSIONALS (IAOTP) Ted Byer, of Smolin, Lupin & Co., LLC was recently selected as Top CPA of the Decade by the International Association of Top Professionals (IAOTP). Inclusion with the International Association of Top Professionals is an honor in itself […]

External audits offer many benefits to nonprofits How are you handling your nonprofit audits? When it comes to auditing your nonprofit books, you may be required to hire an independent outside CPA. While the need for this can depend on your annual gross receipts and other factors, it can be a good idea even if […]

When you have a professional services firm, you need to think ahead when it comes to taxes. With some planning, you can be strategic in spending, reducing tax liability and payments and hitting your financial goals.  You’ll learn what to think about when it comes to:  Federal tax deductions Local and state planning Pass-through deductions, […]

Supreme Court ACA Ruling Raises Tax Refund Possibility The validity of the Medicare Tax and Net Investment Income Tax is contingent on the case pending before the United States Supreme Court. At issue before the United States Supreme Court is whether reducing the amount specified in the Affordable Care Act (“ACA”) to zero rendered the minimum coverage […]

Smolin Webinar With AACFL: Capturing Cash Perks/Fringe Benefits and Add Backs for Support Purposes The webinar Smolin recently had with American Academy for Certified Financial Litigators discussed  the various ways in which business owners can acquire "other income" through add backs and perquisites. Throughout the presentation, industry experts suggest the different ways to utilize red […]

Steer clear of the Trust Fund Recovery Penalty If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty” because it applies to the Social Security and income taxes required to be withheld by a business from its employees’ wages. […]

Assessing productivity as you cope with the pandemic The COVID-19 crisis is affecting not only the way many businesses operate, but also how they assess productivity. How can you tell whether you’re getting enough done when so much has changed? There’s no easy, one-size-fits-all answer, but business owners should ask the question so you can […]

Some people are required to return Economic Impact Payments that were sent erroneously The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the payments being sent to eligible individuals in response to the economic threats caused by COVID-19. […]