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As Seen In 2017

Watch and Money
 
 

The first big tax cut moving through Congress under President Donald Trump would likely benefit the president himself, potentially saving him millions of dollars in taxes on his rental income next year and even more money on other income if he wins a second term.

 

The 2016 analysis by Marcum’s Construction Services Group identifies a significant uptick in construction employment trends in the final months of last year, which has continued into 2017.

 

Jeff Vinik's investing skills have faded from view since he unwound his hedge fund in 2013, but they are still getting lots of use.

 

Audits is one of the ones that generates income, so from a business perspective, this is one area where you think you would put more resources because it would yield more money for the government.

 

As millions of Americans file their income tax returns, their chances of getting audited by the IRS have rarely been so low.

 

No matter how smart you think you are about your money, at some point you will need to entrust someone else with some aspect of your finances.

 

Some Morgan Stanley wealth management customers are getting news in the mail this week: They underpaid - or in some cases, overpaid - their taxes for several years because of incorrect information the firm provided to them about their investments.

 

This article covers recent developments in the area of individual taxation, including cases involving trade or business expenses; proposed regulations on the Sec. 83(b) election; IRS acquiescence in a case involving mortgage deductions; and a taxpayer-friendly ruling on unforeseen circumstances and the sale of a principal residence.

 

You'd think being producer of the massively successful Jason Bourne series would be enough. But amazingly, Weiner also has a "day job"--as managing partner of one of the most successful accounting firms in the world.

 

The new payroll tax offset, effective as of 2016, allows companies to receive a benefit for research activities regardless of profitability.

 

Marcum's Workplace Security & Investigations practice is a specialized service niche within the firm's nationally recognized Advisory Services Practice group.

 

Perry has considerable experience with individual and corporate taxation, accounting for income taxes, compensation, and mergers and acquisitions.

 

The department seems to be taking standard language from software industry maintenance contracts "and stretching that out to items that were clearly not taxable in the past and pulling those in."

 

Karen Connair, a CPA with Marcum in Irvine, Calif., recently helped a California mortgage lender who set up an office in Nevada and became a Nevada resident reduce a good chunk of his tax liability, despite having to source some of his S corporation income back to California.

 

Diane Giordano, a tax partner at Marcum LLP in Melville, thinks Section 179 won't face the chopping block due to its popularity and the fact that it gives businesses an incentive to purchase equipment.

 

The survey concludes owners are optimistic about selling and exiting their businesses, but ill-prepared to do so. Proper planning is needed to optimize sale price and ensure transaction value meets exit needs for life after sale, the firms conducting the report said.

 

 

Internal controls stem from the idea that no one individual should have complete control over a given transaction process and that there should be proper segregation of duties among individuals involved in every process.

 

A contracting business is a living, breathing organism that needs to be fed. If unhealthy, that organism will put tight constraints on a contractor's ability not only to grow, but also to make payroll and fund projects.

 

Michael Balter, partner-in-charge of Marcum LLP's Southeast Region, has been named a 2017 Top 100 Power Leader by South Florida Business Journal.

 

The construction spending outlook for 2017 has improved with the election. Economists, pundits, and most of the United States have been puzzling over what the election results from this past November will mean for the country, both in terms of public policy and economic performance. President Donald Trump has indicated that he plans to slash corporate and personal income taxes, renegotiate trade deals with U.S. partners, end commitments to follow certain environmental rules, follow through with his promises on immigration reform, partially deregulate banking, and make it easier to tap into U.S. oil and natural gas reserves. He's also promised an infrastructure-led stimulus package and significant reforms to U.S. health insurance setup.

 

Seemingly, every day there is another news story about a company being hacked and money or sensitive data being stolen.

 

Cash is essential to running day-to-day operations and improving a company’s financial position when presented to banks and other creditors, so contractors continue to search for ways to keep cash available.

 

It was junior year in high school when Natalie Verbanac, CPA, Partner at Marcum LLP, and secretary of the NYSSCPA, Nassau Chapter, discovered her love of accounting.

 

There's a revolution brewing in public accounting, with big data poised to transform many aspects of how CPA firms do business and service their clients.

 

As public accounting firms continue to struggle to retain and advance women professionals, many are providing increased flexibility and launching initiatives to help them achieve their diversity goals.

 

It's that time of year again, and just like birthdays (but much less fun), annual budgeting is back on the calendar.

 

The essential records to be safeguarded in the event of an actual disaster are by their nature limited in volume and must be the key items you need in the event you are adversely affected.

 

The retail and consumer products industry is facing tremendous challenges, with fewer and fewer brick-and-mortar stores in operation and ceaseless pressure on discounted sales and with low margins for both retailers and manufacturers.

 

On Feb. 25, 2016, the Financial Accounting Standards Board issued its long-awaited standard on lease accounting.

 

 
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