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- February 26, 2024Is it a repair or an improvement?How to nail down current deductions If your business completes minor repairs by December 31, you can deduct...
- January 30, 2024Planning for Net Investment Income TaxesThe 3.8% net investment income tax (NIIT) is an additional tax that applies to some higher-income taxpayers on...
- January 15, 2024Make the Most of the General Business CreditTax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business’s taxable income,...
- January 2, 2024Shield life insurance proceeds from estate tax with an ILITLife insurance can provide peace of mind, but if your estate will be large enough that estate taxes...
- December 19, 2023Planning an exit strategy for your businessTips to maximize value and minimize taxes Every business owner should have an exit strategy that helps recoup...
- December 5, 2023Private Foundations vs. Donor-Advised FundsWeighing your charitable giving options If leaving a charitable legacy is important to you, you may be thinking...
- November 21, 2023Can you deduct 2024 bonuses this year?You may be familiar with the rule that permits a business to deduct employee bonuses this year if...
- November 17, 2023Obscure and Overlooked Tax Deductions, Credits, and BenefitsAs tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to...
- November 17, 2023Using the Home Sale Gain Exclusion for More than Just Your HomeWith careful planning, and provided you follow the rules, the tax code allows you to use the home...
- November 17, 2023Home Energy Audit Tax BenefitsHave you been thinking of making home improvements? If so, and they include energy saving improvements, you may...
- November 17, 2023Business Succession PlanningThe Importance of Business Succession Planning Every business – large and small – needs a business succession plan....
- October 19, 2023Security Update for NetClient CS Portal LoginLewis & Knopf with the help of our software provider Thomson Reuters are implementing a security update to...
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Community Leadership Spotlight: Nikki Petrous at Lewis & Knopf, CPAsAt Lewis & Knopf, CPAs, P.C., we... -
Beat the SALT Cap: How PTET Lets Pass-Through Owners Reclaim State Tax DeductionsIf you pay substantial state and local... -
The IRS Is Paying Attention Again: Why More Taxpayers Are Getting NoticesFor a period of time, IRS activity...
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