(212) 736-0055 info@pntax.com

Schedule Your Small Business Success Consultation

Blog

June Newsletter

Wayne Naegele looks into, “Business meals and entertainment – how to max tax deductions”. Brian Whelan discusses, “Debate over health care and taxes moves to Senate”.

Read more
Andrew Presti

Trump’s FY 2018 budget outlines tax reform proposals

Trump’s FY 2018 budget outlines tax reform proposals Since taking office in January, President Trump has called for comprehensive tax reform. The President’s recently released fiscal year (FY) 2018 outlines some of his key tax reform principles. At the same time, White House officials said that more tax reform details will be released in coming […]

Read more
Brian Whelan

Debate over health care and taxes moves to Senate

Debate over health care and taxes moves to Senate The future of the Affordable Care Act and its associated taxes has moved to the Senate following passage of the American Health Care Act (AHCA) in the House in April. Traditionally, legislation moves more slowly in the Senate than in the House, which means that any […]

Read more
Wayne Naegele

Business meals and entertainment: how to maximize tax deductions

Business meals and entertainment: how to maximize tax deductions Many businesses consider the occasional wining and dining of customers and clients just to stay in touch with them to be a necessary cost of doing business. The same goes for taking business associates or even employees out to lunch once in a while after an […]

Read more
Andrew Presti

How do I? Safeguard tax benefits against natural disasters

How do I? Safeguard tax benefits against natural disasters As “hurricane season” officially begins, the IRS has released a number a tax tips, reminders and other advice to help taxpayers weather the storm of natural disasters and similar emergencies. The underlying theme for all IRS “tax tips” is that recordkeeping has generally become easier in […]

Read more
Andrew Presti

FAQ: What are passive losses?

FAQ: What are passive losses? Individuals, trusts, estates, personal service corporations and closely held C corporations may only deduct passive activities losses from passive activity income. The rules do not apply to S corporations and partnerships but do apply to their respective shareholders and partners. In general, limited partners are not deemed to materially participate […]

Read more
Andrew Presti

June 2017 tax compliance calendar

June 2017 tax compliance calendar As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of June 2017. June 1 Employers. Semi-weekly depositors must deposit employment […]

Read more

May Newsletter

Sal Russo discusses, “White House calls for significant tax cuts and other tax reforms”. Andrew Presti answers, “FAQ: What are my odds of being audited?”.

Read more
Wayne Naegele

Presti & Naegele’s Alex Flores named Insightful Accountant’s Top 100 ProAdvisors

The long wait is over – Insightful Accountant is excited to announce our “Top 100 ProAdvisors for 2017.” Our Categorical Winners and “ProAdvisor of the Year” will be announced during one of the Main Stage Events at next month’s “Scaling New Heights” conference in Orlando, Fla. A special thank you to our sponsors, Canon imageFORMULA Document […]

Read more
Salvatore Russo

White House calls for significant tax cuts and other tax reforms

White House calls for significant tax cuts and other tax reforms President Trump on April 26th, just before his “100 days” in office, unveiled his highly-anticipated tax reform outline –the “2017 Tax Reform for Economic Growth and American Jobs.” The outline calls for dramatic tax cuts and simplification: lower individual tax rates under a three-bracket […]

Read more