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IRS issues final “repair” regulations with looming effective date

The IRS has issued much-anticipated final “repair” regulations that provide guidance on the treatment of costs to acquire, produce or improve tangible property. These regulations take effect January 1, 2014. They affect virtually any business with tangible assets. The IRS has estimated that about 4 million businesses must comply. At a length of over 200 […]

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October 2013 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 tax compliance calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of October 2013. October 2 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates September […]

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Presti & Naegele’s Joe Romano Discusses Five Keys to Selling a Business in Forbes Magazine

Sometimes you get lucky: you capitalize on a new technology, build a business, and within a few short years sell it for 126,315 bitcoins (+/- $11.4M), as Erik Voorhees did with SatoshiDice. The other 99% of entrepreneurs, unfortunately, spend much of their adult lives building and maintaining their businesses. At some point, whether you are […]

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September 2013, Newsletter

Are You Paying Too Much Tax? Incentives Provide Opportunity for Tax Relief If you’ve been paying attention to the news lately, you are probably aware that many small business owners are likely to see larger tax bills in the near future.

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529 Savings Plans

September is here and school is back in session. Your kids are one year older and hopefully one year closer to heading off to college. Whether that prospect excites you or terrifies you probably depends on the day, but the specter of college tuition is a constant. Regardless of whether your children are starting kindergarten […]

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IRS Issues New Rules on Small Employer Health Insurance Credit

Small employers will be able to purchase health insurance for their employees for 2014 and subsequent years through Small Business Health Options Program (SHOP) Marketplaces. Many of these small employers may also be eligible for the Code Sec. 45R tax credit that helps to offset the cost of insurance. In August, the IRS issued new […]

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Are You Paying Too Much Tax?

Incentives Provide Opportunity for Tax Relief If you’ve been paying attention to the news lately, you are probably aware that many small business owners are likely to see larger tax bills in the near future. From increases in personal income tax rates, to capital gains and dividends rate increases, and additional taxes stemming from healthcare […]

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September 2013 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 tax reporting and filing data for individuals, businesses and other taxpayers for the month of September 2013. September 5 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates August 28-30. September […]

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Are you Maximizing your Accounting Resources?

Creating a Value Added Relationship with your Accounting Advisor Every business owner requires the services of outside accountants and advisors from time to time. Some business owners look at accounting as a necessary evil, and treat their accounting firm like an order taker at a fast food restaurant. They tell them what they want, when […]

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Good Information, Good Decisions

Are you getting the right information at the right time? In today’s economy, success isn’t accidental. It’s the result of the right people, in the right place, making the best decisions based on the best information possible. As a business owner, so much depends on the decisions you make. Your decisions don’t just affect you, […]

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