Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why would you want to? One reason might be tax law changes that raise tax rates. There have been discussions in Washington about raising the corporate federal […]
Take your financial statements to the next level
Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax returns. This year, take your financial data beyond compliance. Here’s how financial statements can be used to be proactive, not reactive, to changes in the marketplace. Perform a benchmarking study Financial statements can be used to evaluate the company’s current […]
Does your business barter? Here are some facts you should know
In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. Bartering is the oldest form of trade and the internet has made it easier to engage with other businesses. But if your business gets involved in […]
Cordasco provides last minute tax advise before the April 18th filing deadline
Check out Rob Cordasco CPAs latest interview on what to look for going into the April 18th filing deadline. Cordasco continues to provide thought leadership in the area of tax and accounting. He provides 36 years of insight and percpective of what is shaping tax policy, compliane and the field of accounting. Please follow his works through […]
Cordasco Outlines Steps to Take Before Monday’s Filing deadline
Rob Cordasco CPA continues to provide thought leadership and guidance in the world of tax. Check out Rob’s most recent interview with TIME on what you should know going into Monday. You can also check out Rob’s additional commentary in his Arizona Republic interview on last minute tax tips. […]
Cordasco Provides Guidance on Extension Pitfalls
Check out Rob Cordasco’s most recent interview through YahooFinance on the common mistakes people make when filing for extensions. Follow Rob through his website as he continues to provide thought leadership in tax and the accounting industry. Also, check out Cordasco & Company for up to the minute tax developments and strategies. […]
Lost your job? Here are the tax aspects of an employee termination
Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, there are tax implications due to your changed personal and professional circumstances. Depending on your situation, the tax aspects can be complex and require […]
Cordasco Weighs In on Tax Season Progress
As a thought leader in the industry, Rob Cordasco weighed in on the current state of tax season and the profession. Check out his most recent interview in Accounting Today. […]
The election to apply the research tax credit against payroll taxes
The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take care of for you. But in addition to the credit itself, be aware that the credit also has two features […]
The Ins and Outs of IRAs
Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview. Traditional IRAs You can make an annual deductible contribution to a traditional IRA if: You (and your […]
