Under prior law, net taxable income from pass-through business entities — including sole proprietorships, S corporations, partnerships and limited liability companies (LLCs) that are treated…read more

Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the scenes to prepare — and how you…read more

Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales. The National Association…read more

As you’re aware, certain employers are required to report information related to their employees’ health coverage. Does your business have to comply, and if so,…read more

July 21, 2016- Rochester, New York: EFRP Group CEO and EFPR Group-Trek Cycle teammate, Kevin Hill, placed third in the 5k Time Trial at the…read more

Almost three months after it passed the U.S. Senate, the U.S. House of Representatives has passed the Infrastructure Investment and Jobs Act (IIJA), better known…read more

In 1993, a consortium of philanthropic organizations came up with the Donor Bill of Rights to guide not-for-profits in their interactions with financial supporters. For…read more

As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return…read more

Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries including technology and…read more

Public charities, or 501(c)(3) organizations, are fundamentally different from private foundations. They depend on support from multiple public sources, including individuals in their communities. If…read more

CLICK HERE FOR LINK TO PODCAST This episode focuses on the tax treatments of disaster relief payments under IRC Section 139 and Tuition assistance under…read more

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business…read more