Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule…read more

First published in the Rochester Business Journal, February 3, 2023:  When I entered the accounting profession in the early nineties, the country was mired in…read more

Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved…read more

Most not-for-profits can’t afford to turn down offers of financial support. At the same time, you shouldn’t blindly accept government or foundation grants simply because…read more

The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn. But if you have a…read more

More than a million Americans live in nursing homes, according to various reports. If you have a parent entering one, you’re probably not thinking about…read more

This is the time to paint your overall tax picture for 2020. By developing a year-end plan, you can maximize the tax breaks currently on…read more

The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and…read more

FOR IMMEDIATE RELEASE January, 2023 – EFPR Group, LLP is proud to announce 3 individuals with the Firm have been promoted to partner: Gina Bliss,…read more

Although failing to file a Form 990 with the IRS when required to do so is probably a more serious mistake, filing it with data…read more

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How do the…read more

A few years ago, IRS Revenue Procedure 2018-15 changed the rules regarding not-for-profit restructuring. If you’ve participated in a restructuring in the past, you’ll be…read more