Author Archives: Cordasco

Own a vacation home? Adjusting rental vs. personal use might save taxes

Now that we’ve hit midsummer, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax consequences: If you rent it out for less than 15 days: You … Continue reading


Posted in Blog | Comments Off on Own a vacation home? Adjusting rental vs. personal use might save taxes

Matchmaker, matchmaker: Choosing the right lender

It’s easy to think of lenders as doing your company a favor. But business financing relationships are just that: relationships. Yes, a lender has the working capital you need to grow. But a stable, successful business represents an enormously beneficial … Continue reading


Posted in Blog | Comments Off on Matchmaker, matchmaker: Choosing the right lender

Looking for a retirement plan for your business? Here’s one SIMPLE option

Has your small business procrastinated in setting up a retirement plan? You might want to take a look at a SIMPLE IRA. SIMPLE stands for “savings incentive match plan for employees.” If you decide you’re interested in a SIMPLE IRA, … Continue reading


Posted in Blog | Comments Off on Looking for a retirement plan for your business? Here’s one SIMPLE option

What are the most tax-advantaged ways to reimburse employees’ education expenses?

Reimbursing employees for education expenses can both strengthen the capabilities of your staff and help you retain them. In addition, you and your employees may be able to save valuable tax dollars. But you have to follow IRS rules. Here … Continue reading


Posted in Blog | Comments Off on What are the most tax-advantaged ways to reimburse employees’ education expenses?

You don’t have to take business insurance costs sitting down

Adequate insurance coverage is, in many cases, a legal requirement for a business. Even if it’s not for your company, proper coverage remains a risk management imperative. But that doesn’t mean you have to take high insurance costs sitting down. … Continue reading


Posted in Blog | Comments Off on You don’t have to take business insurance costs sitting down

Do you know the tax implications of your C corp.’s buy-sell agreement?

Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C corporations, the agreements also have significant tax implications that are … Continue reading


Posted in Blog | Comments Off on Do you know the tax implications of your C corp.’s buy-sell agreement?

A refresher on tax-related ACA provisions affecting businesses

Now that the bill to repeal and replace the Affordable Care Act (ACA) has been withdrawn and it’s uncertain whether there will be any other health care reform legislation this year, it’s a good time to review some of the … Continue reading


Posted in Blog | Comments Off on A refresher on tax-related ACA provisions affecting businesses

Offer plan loans? Be sure to set a reasonable interest rate

Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and regulations. So if your company offers plan loans, your plan … Continue reading


Posted in Blog | Comments Off on Offer plan loans? Be sure to set a reasonable interest rate

WE’RE MOVING!!!!

On August 7th, after 10 years, we need to say goodbye to our current office! It has served us well and we are going to miss it but it is time for us to get more space so that we … Continue reading


Posted in Blog, New Homepage Featured | Comments Off on WE’RE MOVING!!!!

Filing deadline rapidly approaching for flow-through entities

The federal income tax filing deadline for calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes is March 15. While this deadline is nothing new for S corporation returns, it’s earlier … Continue reading


Posted in Blog, New Homepage Featured | Comments Off on Filing deadline rapidly approaching for flow-through entities