Our Blog: Flagel Voice

Business ID Theft: Is Your Data at Risk?

The IRS and state tax authorities have made Continue Reading

Put your audit in reverse to save sales and use tax

It’s a safe bet that state tax authorities Continue Reading

Understand Your Social Security Retirement Benefits

For years, people have questioned the Continue Reading

tristate-success-awards top-150 BDO Alliance USA AICPA ohio-cpa

Individual tax calendar: Key deadlines for the remainder of 2017

While April 15 (April 18 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that are important to be aware of. To help you make sure you don’t miss any important 2017 deadlines, here’s a look at when some key tax-related forms, payments […]

Continue reading...

Recent Developments May Affect Passive Investors with Losses

Do you materially participate in a business or rental activity — or are you just a passive investor who isn’t directly involved in a project’s day-to-day operations? The IRS has prescribed seven tests to help individuals classify income, gains and losses from activities as passive or nonpassive. (See “PAL Basics” below.) PAL Basics The IRS […]

Continue reading...

How to Reduce Your Workforce Without Committing Age Discrimination

As employers generally know, employees age 40 and over represent one of the “protected classes,” given special priority in employment discrimination cases. You are no doubt aware of the U.S. Civil Rights Act of 1964 and the Age Discrimination in Employment Act, not to mention state and local laws that are sometimes even tougher than […]

Continue reading...

A timely postmark on your tax return may not be enough to avoid late-filing penalties

Because of a weekend and a Washington, D.C., holiday, the 2016 tax return filing deadline for individual taxpayers is Tuesday, April 18. The IRS considers a paper return that’s due April 18 to be timely filed if it’s postmarked by midnight. But dropping your return in a mailbox on the 18th may not be sufficient. […]

Continue reading...

Avoid the Traps of Unequal Pay

On average, women are paid less than men, but the difference may be smaller than you think. You may have heard widely quoted statistics which can be misleading, such as the belief that women earn 76 cents for every dollar that men make. While men do make more, the gap narrows when you adjust for […]

Continue reading...

Saving tax with home-related deductions and exclusions

Currently, home ownership comes with many tax-saving opportunities. Consider both deductions and exclusions when you’re filing your 2016 return and tax planning for 2017: Property tax deduction. Property tax is generally fully deductible — unless you’re subject to the alternative minimum tax (AMT). Mortgage interest deduction. You generally can deduct interest on up to a […]

Continue reading...

Remember the New FBAR Filing Deadline

Do you have an interest in — or authority over — a foreign financial account? If so, the IRS wants you to provide information about the account by filing a form called the “Report of Foreign Bank and Financial Accounts” (FBAR). The annual deadline for filing FBARs has been changed. It now coincides with the […]

Continue reading...

4 Tips for Claiming Higher Education Credits

The Internal Revenue Code offers two federal income tax credits for post-secondary education expenses: the American Opportunity credit, and the Lifetime Learning credit. (See “The Basics of Higher Education Credits” at right.) The Basics of Higher Education Credits The American Opportunity credit can be up to $2,500 per eligible student per year. More specifically, the […]

Continue reading...

2017 Q2 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. April […]

Continue reading...

Promote From Within Successfully: A Management Cookbook

Promoting non-supervisory employees to management roles can be a morale-booster for the promoted employee, and for others. Seeing a fellow employee move up the ladder gives coworkers reason to expect that, someday, they could rise to that level as well. Also, homegrown talent can be more economical, both by avoiding recruitment costs and because the […]

Continue reading...