(212) 736-0055 info@pntax.com

Schedule Your Small Business Success Consultation

Blog

Wayne Naegele

March 2017 tax compliance calendar

March 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 March 2017. March 1 Employers. Semi-weekly depositors must deposit employment […]

Read more
Steve Grgas

White House, Capitol Hill talk tax reform in 2017

White House, Capitol Hill talk tax reform in 2017 The change in administrations in Washington has generated a new focus on tax reform. The White House and lawmakers from both parties have discussed tax cuts, infrastructure spending, and more to encourage economic growth. However, the details of their plans have yet to be revealed. Tax […]

Read more
Brian Whelan

Filing season begins; IRS warns of refund delays

Filing season begins; IRS warns of refund delays The 2017 tax filing season launched on January 23. The IRS predicted a few speedbumps for taxpayers, especially for taxpayers who file early in anticipation of early refunds. The agency expects to receive more than 150 million individual income tax returns. The vast majority of individual income […]

Read more
Wayne Naegele

National Taxpayer Advocate calls for taxpayer-centric IRS

National Taxpayer Advocate calls for taxpayer-centric IRS National Taxpayer Advocate Nina Olson, in a recent report to Congress, urged the IRS to change its culture from one that is enforcement-oriented to one that is service-oriented. Such a change, Olson provided, would create an environment that encourages taxpayer trust and confidence. In the report, Olson also […]

Read more
Steve Grgas

How Do I? Establish a profit motive for business activities

How Do I? Establish a profit motive for business activities The IRS has rules that limit the deductibility of expenses and losses from a hobby or activity not engaged in for profit. If the IRS determines that an activity is not profit-driven, deductions from the activity are limited to the amount of income the activity […]

Read more