The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule. Employers can use…read more

Questions Surround Investments in Opportunity Zones via Qualified Opportunity Funds The introduction of Opportunity Zones are one of the less-publicized provisions of the recent Tax…read more

As we continue to come out of the COVID-19 pandemic, you may be traveling again for business. Under tax law, there are a number of…read more

Whether it’s hard hats and drills on a jobsite, iPads in an office or RFID readers in a warehouse, small tools and equipment have a…read more

On October 11, 2017, Treasury issued proposed regulations (REG-116256-17) (Proposed Regulations) that would remove the signature requirement associated with making a section 754 election to…read more

Homeowners and businesses across the country have experienced weather-related disasters in recent months. From hurricanes, tornadoes and other severe storms to the wildfires again raging…read more

The holiday season is here. During this festive season, your business may want to show its gratitude to employees and customers by giving them gifts…read more

June, 2018 – Rochester, New York: After over 40 years working devotedly as an audit, tax and business consultant for EFPR Group, LLP, William Friedman,…read more

By Vince Tomei  |  Partner and Department Head, Tax and Business Services C Corporation or S Corporation? It All Depends. Ever since Congress enacted the…read more

One of the most appreciated fringe benefits for owners and employees of small businesses is the use of a company car. This perk results in…read more

Don’t let the holiday rush keep you from considering some important steps to reduce your 2021 tax liability. You still have time to execute a…read more

In the midst of holiday parties and shopping for gifts, don’t forget to consider steps to cut the 2023 tax liability for your business. You…read more