Newsletter

More employers offer financial counseling, tax preparation and retirement planning as employee benefits

A financially secure employee is a productive one. Employee benefits play a key role in attracting and retaining employees. Financial counseling, tax preparation and retirement planning services are increasingly popular benefits offered by employers to their employees. However, not all of these result in a tax-free perk to employees. If you are considering offering your employees financial, tax or retirement planning services, you need to understand the tax consequences to both you and your workforce. more...

FAQ: When does a gift require a gift tax return?

If you've made, or are planning to make, a big gift this year, you may be wondering what your gift tax liability, if any, may be. You may have to file a federal tax return even if you do not owe any gift tax. Read on to learn more about when to file a federal gift tax return. more...

How do I compute bonus depreciation

The Economic Stimulus Act of 2008 has revived bonus depreciation, providing a generous boost for many businesses in 2008. Under the Act, all businesses, large or small, can immediately depreciate an additional 50-percent of the cost of certain qualifying property purchased and placed in service in 2008, from computer software to plants and equipment. Moreover, the 50-percent bonus depreciation allowance can be taken together with any Code Sec. 179 expensing, which also increased for 2008. more...

Tax Update

September 2010

Benefit Plan Update

June 2010

Nonprofit Update

June 2010


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