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Tax

Significant Progress for New York State’s Tax Reform — but Still a Long Way to Go

Last updated on October 19th, 2020High taxes in New York State have long been vexing residents, particularly those at retirement age. In nearly every category – real estate taxes, income tax, and even health insurance – New York residents regularly shell out more cash than those who live in other
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The ABCs of Higher Education Tax Breaks

Last updated on October 19th, 2020Nationwide, students shoulder the burden of ever-increasing higher education costs. Fortunately, the Federal Government offers several tax breaks to defray those expenses. Here are the tax breaks available to current higher education students. The American Opportunity Tax Credit This tax break offers up to $2,500
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Tax Planning for a Home During a Divorce

Last updated on October 19th, 2020Couples who intend to divorce will have to approach their tax planning in an entirely different way. Whether you have already dissolved the marriage or plan on doing so, here is what to expect for the tax implications. Transfer of Marital Home If one individual
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Income Tax Audit

Facing a Personal Income Tax Audit? Here’s Help

Last updated on October 28th, 2020The mere mention of the word “audit” can be deeply unsettling, even to the average law-abiding American taxpayer. This year, a poll from Rasmussen Reports found that 23% of Americans were worried the IRS would audit their taxes – the highest level of concern reported
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Contractors vs. Employees—How It Affects You and Your Income Taxes

Last updated on October 19th, 2020For those of you with a very specific set of skills and interests, you likely know exactly what you want to do with your life. Choosing a career isn’t something you need to think about, but there is something you may want to consider: being
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How Staying on Top of Your Finances Will Benefit Your Family

Last updated on October 19th, 2020We all spend money day in and day out, and while we don’t always pay close attention to what is being spent, it really pays to do so. In fact, staying on top of your finances can benefit your family in many ways. Let’s take
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Tax law changes will end some deductions

Last updated on October 19th, 2020Article from Times Herald-Record Monday, January 5, 2018 ——————————————— The new tax law signed by President Trump has changed the way businesses must consider meals, entertainment and transportation expenses. Generally, meal and entertainment expenses were previously 50 percent deductible. The changes made with the recent
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Lake Katrine Office Temporarily Closed

The Lake Katrine office location will be temporarily closed for the next few months due to office renovations. All Lake Katrine employees can still be reached at the LK phone number, email and other office locations! Thank you for your patience & looking forward to serving you from our newly updated office space!

Map of Qualified Census Tracts (QCTs)

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