Digital documents with e-signatures aren’t going away
March 5, 2020 Knowledge Center
Digital documents with e-signatures aren’t going away

Have you applied for a business loan lately? Or had some repairs done on your facilities? Maybe you’ve signed a contract with a certain technologically inclined customer or vendor. In any of these instances, you (or one of your employees) probably had to electronically sign a digital document. So, the next question is: Why isn’t your company […]

How to make the most of your multigenerational workforce
March 3, 2020 Knowledge Center
How to make the most of your multigenerational workforce

Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z. Managing a workforce with a wide age range requires flexibility and skill. If you’re successful, you’ll likely see higher employee morale, stronger productivity and a more […]

New Class of Partners at Miller Kaplan
March 2, 2020 Press Releases
New Class of Partners at Miller Kaplan

LOS ANGELES, March 2, 2020 – Miller Kaplan, a top-100 certified public accounting firm, is pleased to announce the addition of four new partners – Daniel Imm, CPA, David Lam, CISSP, CPP, Macgregor Waite, CPA, and Jesse Ward, CPA. After serving Miller Kaplan clients diligently for more than 10 years, Imm, Waite, and Ward have […]

What Landlords Should Know About Taxes
February 27, 2020 Knowledge Center
What Landlords Should Know About Taxes

  ____________________________________ We highly recommend you confer with your Miller Kaplan advisor to understand your specific situation and how this may impact you.

There might still be time to cut your tax bill with IRAs
February 25, 2020 Knowledge Center
There might still be time to cut your tax bill with IRAs

If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the Wednesday, April 15, 2020, filing date and benefit from the […]

401(k) plan highlights of the SECURE Act
February 24, 2020 Knowledge Center
401(k) plan highlights of the SECURE Act

Late last year, Congress passed, and the President signed into law, the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Among its most notable rule changes are those pertaining to 401(k) plans. Here are some key highlights. New tax credit Starting in 2020, the new rules create a tax credit of up to $500 […]

Determining whether you need to file a gift tax return can be tricky
February 21, 2020 Knowledge Center
Determining whether you need to file a gift tax return can be tricky

For 2020, the lifetime gift and estate tax exemption has reached a whopping $11.58 million ($23.16 million for married couples). As a result, few people will be subject to federal gift taxes. If your wealth is well within the exemption amount, does that mean there’s no need to file gift tax returns? Not necessarily. There […]

2020 adjusted penalties for health benefits and other plans
February 21, 2020 Knowledge Center
2020 adjusted penalties for health benefits and other plans

The U.S. Department of Labor (DOL) recently announced the 2020 annual adjustments to civil monetary penalties for a wide range of benefits-related violations. Legislation enacted in 2015 requires annual adjustments to certain penalty amounts by January 15 of each year. The 2020 adjustments are effective for penalties assessed after January 15, 2020, with respect to violations occurring […]

Solving the skilled labor dilemma with military veterans
February 20, 2020 Knowledge Center
Solving the skilled labor dilemma with military veterans

The shortage of skilled labor available for hire is bad — and it’s worldwide. New research conducted by the Manpower Group for the 2020 World Economic Forum in Davos revealed that 54% of employers surveyed globally were struggling with skilled labor shortages. Organizations in 36 of 44 countries surveyed reported that it was harder to attract […]

When must your business file IRS Form 8300?
February 18, 2020 Knowledge Center
When must your business file IRS Form 8300?

____________________________________ We highly recommend you confer with your Miller Kaplan advisor to understand your specific situation and how this may impact you.

Can you deduct charitable gifts on your tax return?
February 14, 2020 Knowledge Center
Can you deduct charitable gifts on your tax return?

Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law changes that went into effect a couple years ago and the many rules that apply to charitable deductions, you may no longer get a tax break for your generosity. Are […]

Look Closely at Your Company’s Concentration Risks
February 11, 2020 Knowledge Center
Look Closely at Your Company’s Concentration Risks

The word “concentration” is usually associated with a strong ability to pay attention, but the word has an alternate meaning in a business context as well — and a distinctly negative one at that. Common problem A common problem among many companies is customer concentration. This is when a business relies on only a few customers to […]