While many facets of the economy have improved this year, the rising cost of living and other economic factors have caused many businesses to close…read more

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is…read more

According to the Society for Human Resource Management, 47% of companies offer a community volunteer program for employees. Chief Executives for Corporate Purpose has found…read more

A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or “basis”) an individual gets in property…read more

If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your 2020 donations. But what happens if you…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

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

These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that…read more

Even when they’re nonprofits, trade associations and chambers of commerce generally qualify for a tax exemption under Section 501(c)(6) of the Internal Revenue Code, not…read more

Like every other organization, your not-for-profit is probably working hard to negotiate the challenges of high inflation and other economic threats. So you’d be forgiven…read more

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold…read more

Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person or under a hybrid schedule. In any event, parents may…read more