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Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of…read more
If your not-for-profit has lost financial support during the pandemic, you may be looking for ways to raise new revenue. But if your proposed solution…read more
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses….read more
Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required…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
By: Gary Baron, MBA, PMP Are you a growing organization using QuickBooks© ? Are you beginning to feel frustrated that you are not getting the…read more
Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or…read more
Update: On August 16, 2022, President Biden signed this Act into law. The U.S. Senate and House of Representatives have passed the Inflation Reduction Act…read more
Your not-for-profit has a board of directors — so why would it need an additional advisory board? There are a few reasons. Some organizations assemble…read more
Year-end is a good time to plan to save taxes by carefully structuring your capital gains and losses. Consider some possibilities if you have losses…read more
If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for…read more
Per New York Advisory Opinion TSB-A-20(18)S, released October 2020, sales of online learning subscriptions in New York State are not subject to tax. This is…read more
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