You may benefit from favorable new changes. In recent months, there have been a number of tax changes that may affect your individual tax bill….read more

Business assets are generally reported at the lower of cost or market value. Under this accounting principle, certain assets are reported at fair value, such…read more

July 18, 2016- Rochester, New York: EFPR Group-Trek Cycle teammate, Nikolas Di Domenico, was invited to participate in the USA Cycling Region Talent ID Camp….read more

If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses….read more

An array of tax-related limits that affect businesses are indexed annually, and due to high inflation, many have increased more than usual for 2023. Here…read more

Financial audits conducted by outside experts are among the most effective tools for revealing risks in not-for-profits. They help assure donors and other stakeholders about…read more

If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank….read more

Just because you run a not-for-profit organization doesn’t mean you can function on low or no income. Although your nonprofit’s tax-exempt status prohibits certain money-making…read more

As we near the end of 2019, we would like to remind you about the required inclusion of certain benefits in a two-percent (or more)…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 certain eligible…read more

The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind until next year. Here are…read more

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal…read more