Why You Should Boost Your 401(k) Contribution Rate Between Now and Year End

September 19, 2017 Blog

One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a 401(k) plan, contributing to that is likely your best first step. Read More

2017 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

September 12, 2017 Blog

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Read More

Watch Out For Potential Tax Pitfalls of Donating Real Estate to Charity

September 5, 2017 Blog

Charitable giving allows you to help an organization you care about and, in most cases, enjoy a valuable income tax deduction. If you’re considering a large gift, a noncash donation such as appreciated real estate can provide additional benefits. Read More

Yes, You Can Undo a Roth IRA Conversion

August 22, 2017 Blog

Converting a traditional IRA to a Roth IRA can provide tax-free growth and the ability to withdraw funds tax-free in retirement. But what if you convert a traditional IRA — subject to income taxes on all earnings and deductible contributions — and then discover that you would have been better off if you hadn’t converted it? Fortunately, it’s possible to undo a Roth IRA conversion, using a “recharacterization. Read More

Tips to Improve the Year End Grind and Summer Cleanup

August 22, 2017 Blog

Written by Heidi Wohlleb, CPA, Partner of Nisivoccia LLP   How would you like to make your year end process easier and have less questions from your auditors and possibly generate some extra funds for surplus/financing of capital ordinances?  Let’s get started! Prior year audit journal entries Be sure to obtain and post any prior year audit journal entries. Your auditor may have additional journal entries from the Annual Financial Statement to the final audit process. Read More