When you retire, you may think about moving to another state — perhaps because the weather is more temperate or because you want to be…read more

The Trump administration has released its long-awaited proposed rule to update the overtime exemptions for so-called white-collar workers under the Fair Labor Standards Act. The…read more

This article applies to partnerships that may have foreign activities or foreign partners. Abstract: The IRS recently provided information about, and copies of, two new…read more

By Vince Tomei  |  Partner and Department Head, Tax and Business Services A taxpayer-friendly provision included in the freshly passed tax reform package allows bonus…read more

Medical professionals are trained to help those in need, so it was no surprise that countless nurses and doctors answered the call to drop everything…read more

Will pass-through entities still be popular under the Tax Cuts and Jobs Act (TCJA)? The tax rules for pass-through entities, including S corporations, limited liability…read more

This is the time to assess your tax outlook for 2021. By developing a comprehensive year-end plan, you can maximize the tax breaks currently on…read more

The Treasury department released overnight an updated FAQ for Borrowers and Lenders on the PPP. The biggest news is they defined in question #7 the…read more

Although many businesses have had to reduce their workforces because of the COVID-19 pandemic, others are hiring or may start adding employees in the weeks…read more

FOR IMMEDIATE RELEASE October, 2018 – Rochester, New York: After 40 years of service working in various capacities, EFPR Group partner, Tim McNamara, a resident…read more

If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special…read more

Many not-for-profits experience a flood of last-minute donations at the end of the year. Although cash is easy to value, valuing noncash property donations is…read more