Les Solomon, CPA/ABV/CFF, ASA to speak at the New Jersey Society of CPAs (NJCPA) Business Valuation & Litigation Services Conference.
Tuesday, September 27, 2016
Pines Manor, Edison NJ
RotenbergMerill Partner, Les Solmon will be speaking as part of the “Ask The Experts” Discussion Panel. This is an interactive session that will touch on issues facing CPAs working in New Jersey today.
Experts in the fields of valuation, litigation support, providing expert witness testimony, and family law matters, will present issues from multiple perspectives. Attendees can submit their own questions for discussion.
For more information and to register for the conference, go to:
Round up all receipts and canceled checks, such as those from charities; check your latest brokerage statements for year-to-date gains or losses; make a checklist of accounts to keep track of the 1099s, if any, when they arrive in a few months; and get medical receipts and insurance reimbursement forms in order. If you start organizing your files now, it will be easier to be prepared for tax season. It is much easier to have the originals or to request replacements when you have time.
The Internal Revenue Service’s Office of Appeals has improved its compliance within its Collection Due Process program, although some taxpayers are still misclassified and receive the wrong type of hearing, according to a new report.
Inflation-adjusted tax brackets are anticipated to go up a bit next year, according to a pair of new reports, but that could reduce the tax burden for many taxpayers.
Go for the gap — and do the opposite from the market leader before anyone else does.
Business strategy — especially when it involves case studies from business schools — is always written with the benefit of hindsight and often with a very broad brush. It’s like the plot of an old-fashioned thriller in which the good guys and the bad guys are sharply defined: the good guys always get stuck in terrible fixes, but they know what they’re doing and somehow emerge victorious as the story races to its climax.
Defined benefit plan participants will have greater flexibility in choosing how to receive their pension benefits under final regulations issued by the IRS (T.D. 9783). The regulations finalized proposed rules issued in 2012 that permit participants to elect to receive split benefits of monthly annuity payments together with a lump-sum payout without disqualifying the plan. The IRS believes plan participants are better served against the possibility that they will outlive their retirement benefits when they can choose to bifurcate their benefits between the two options.
Under the Affordable Care Act starting in 2018, a tax on insurance companies that provide high-cost plans. This tax encourages streamlining of health plans to make premiums more affordable.