The Cadillac Tax

 The Cadillac tax is a 40 percent excise tax on “high cost” health plans set in place by the Affordable Care Act. However, despite the familiarity tax professionals have with its name, the details surrounding the Cadillac tax can be complicated and confusing, according to Brad Knox, vice president of federal relations at Aflac. Read…

Moving Up! Promotions at RotenbergMeril

Rotenberg Meril announced a number of promotions: Amy Gutkin has been promoted to audit manager; John Defeo to tax supervisor, Rocco Ignozza to audit senior, Karen Cianci to senior consultant, and Giovanni Rivera, Hasnain Naveed, Anthony Amigon and Miles Siegel to audit semi-senior.   As seen in Accounting Today

Is Life Insurance Taxable?

Life insurance proceeds are usually not taxable if they are paid to a specifically named beneficiary, such as your spouse or children. The life insurance proceeds may become taxable, however, if you name your estate as the beneficiary. At that point, the proceeds become a part of your estate, and can be subject to estate…

We’re Growing

Rotenberg Meril has expanded its presence at its Saddle Brook, New Jersey location to over 17,000 square feet by leasing approximately 3,000 additional square feet. The firm’s Financial Outsourcing Department, which serves emerging public companies and privately held businesses, has been re-located to the new space.

What Is Capital Gain?

What is a capital gain? It’s the amount you get from selling property, like stock or a house. For example, if you buy stock for $1,000 and sell it for $1,250, you have capital gain of $250. You don’t need to include a capital gain if it’s from the sale of your main home you…

Combating Identity Theft

Leaders from the IRS and state tax agencies along with executives from the private-sector tax industry marked the first year of their ground-breaking Security Summit partnership to combat identity theft tax fraud by recapping 2016 accomplishments and turning toward 2017 efforts. READ MORE NOW