Is your Accounting Software Living up to the Hype?
July 12, 2019 Knowledge Center
Is your Accounting Software Living up to the Hype?

Accounting software typically sells itself as much more than simple spreadsheet or ledger. The products tend to pride themselves on being comprehensive accounting information systems — depending on the price point, of course. So, is your accounting software living up to the hype? If not, there are a couple of relatively simple steps you can […]

Media Industry Executive, Steve Scadden, Joins Miller Kaplan
July 11, 2019 Press Releases
Media Industry Executive, Steve Scadden, Joins Miller Kaplan

Miller Kaplan, a top-100 certified public accounting firm, is proud to name Steve Scadden as its new Director of Media Services. Scadden, a seasoned sales executive with 27 years of experience in the media industry, will bring a fresh perspective, new ideas, and a better understanding of the media industry’s landscape to help Miller Kaplan […]

4 Negative Outcomes of Jointly Owning Property with a Family Member
July 9, 2019 Knowledge Center
4 Negative Outcomes of Jointly Owning Property with a Family Member

A common estate planning mistake that people make is to own property jointly with an adult child or other family member. True, adding a loved one to the title of your home, bank account or other property can be a simple technique for leaving property to that person without the need for probate. But any […]

The ABCs of NQDCs
July 5, 2019 Knowledge Center
The ABCs of NQDCs

Nonqualified deferred compensation (NQDC) plans pay executives or other key employees at some time in the future for services to be currently performed. If your organization offers one or is considering offering one, it’s critical to be aware of the applicable tax rules. Let’s review the basics. How they differ NQDC plans differ from qualified […]

You May Have to Pay Tax on Social Security Benefits
July 3, 2019 Knowledge Center
You May Have to Pay Tax on Social Security Benefits

During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed. If you’re getting close to retirement age, you may be wondering if your […]

If Your Kids Are Off to Day Camp, You May Be Eligible for a Tax Break
June 26, 2019 Knowledge Center
If Your Kids Are Off to Day Camp, You May Be Eligible for a Tax Break

Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You might be eligible for a tax break for the cost. The value of a credit Day camp is a qualified expense under the child and dependent care credit, […]

Is an HSA Right For You?
June 20, 2019 Knowledge Center
Is an HSA Right For You?

To help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, individuals can pay for certain medical expenses on a tax advantaged basis. The basics With HSAs, you take more responsibility for your health care costs. If you’re covered by a qualified […]

Donating Your Vehicle to Charity May Not Be A Taxwise Decision
June 18, 2019 Knowledge Center
Donating Your Vehicle to Charity May Not Be A Taxwise Decision

You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating a vehicle may not result in a big tax deduction — or any deduction at all. Trade in, sell or donate? Let’s say you’re buying a new car and […]

You Have Options When Addressing Life Insurance in Your Estate Plan
June 11, 2019 Knowledge Center
You Have Options When Addressing Life Insurance in Your Estate Plan

Life insurance has long provided a source of liquidity to pay estate taxes and other expenses. But, with the estate tax exemption currently set at an inflation-adjusted $10 million ($11.40 million for 2019), estate taxes are no longer a concern for many families. Nonetheless, life insurance offers many benefits for nontaxable estates. If you own life insurance […]

Thinking About Moving to Another State in Retirement? Don’t Forget About Taxes
June 5, 2019 Knowledge Center
Thinking About Moving to Another State in Retirement? Don’t Forget About Taxes

When you retire, you may consider moving to another state — say, for the weather or to be closer to your loved ones. Don’t forget to factor state and local taxes into the equation. Establishing residency for state tax purposes may be more complicated than it initially appears to be. Identify all applicable taxes It […]

Targeting and Converting Your Company’s Sales Prospects
May 29, 2019 Knowledge Center
Targeting and Converting Your Company’s Sales Prospects

Companies tend to spend considerable time and resources training and upskilling their sales staff on how to handle existing customers. And this is, no doubt, a critical task. But don’t overlook the vast pool of individuals or entities that want to buy from you but just don’t know it yet. We’re talking about prospects. Identifying […]

It’s a Good Time to Check Your Withholding and Make Changes, If Necessary
May 21, 2019 Knowledge Center
It’s a Good Time to Check Your Withholding and Make Changes, If Necessary

Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Some filers who have gotten a refund in past years wound up owing money. The IRS reports that the number of refunds paid this year is down from last year — and the average refund […]