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We’re now in our second year of the new Medicare surtaxes. If these surtaxes affect you, we will help you develop a tax plan to take them into account and keep them to a minimum. Take Steps to Deal with Medicare Surtaxes 1. Earned income To help minimize the surtax on earned
Summertime is the traditional season for weddings. If you’re planning a wedding this summer, you should take a look at how marriage could affect your tax bill. Marriage: Tax Penalty or Bonus? 1. Tax Penalty. The so-called “marriage penalty,” is the term applied to the amount of additional taxes some
Midyear planning is critical to individuals, as well as businesses. There’s enough of the year behind you to establish a track record and enough time ahead to make changes that matter. Summer: the season for sun, sandals, and tax planning. Kick back in your lounge chair and review the following
A Roadmap for Startup NYThe first step in the process comes from the Universities and Colleges; they must apply to New York State and receive approval. Once they have been approved, the business must apply to the approved University or College. After this, the University or College must approve the
Summer is almost here and I have begun thinking about my summer vacation. Should we go to the beach, the mountains or the west coast? Do you plan on mixing pleasure with business on a trip this summer? There’s no problem from a tax perspective as long as you follow
Startup New York is a program that offers tax-free incentives to start up companies in New York State. Jack Craven has been interviewed on AriseTV’s business news show Xchange to discuss this program. Watch Jack as he discusses the program in more detail. The rules are new and appear to
We are pleased to announce the hiring of 3 interns: Nicole Garlick is a marketing intern.Nicole is a senior majoring in marketing at St. John’s University, Staten Island where she plans to pursue an MBA. Nicole is President of the Student Government at St. John’s where she manages 7 standing committees
Now is the time to get started on your 2014 tax planning! Take advantage of the unique opportunity that the beginning of the year brings for your tax planning! By looking back on the still-fresh prior events, you can look forward to determine what you can replicate or improve. Individualize your
New York State has one of the highest tax levels. The high New York taxes discourage business investments in this state. New York has thrown out the welcome mat to start-up businesses in a new program beginning January 1, 2014. Under the program, Startup-NY has created tax free zones to
It’s not too late to consider tax moves that could reduce your 2013 taxes and get you in a better tax position for 2014. Here are some ideas: Be aware of higher tax rates. In 2013 the top tax rate has been increased to 39.6% for top bracket taxpayers (with
Jack Craven, CPA 
