Tax Consulting & Compliance

Will Purchasing Assets For Your Business Reduce Your 2017 Tax Bill?

Reduce Your 2017 Tax Bill

Two valuable depreciation-related tax breaks can potentially reduce your 2017 tax bill if you acquire and place in service qualifying assets by the end of the tax year. Tax reform could enhance these breaks, so you’ll want to keep an eye on legislative developments as you plan your asset purchases....

Sansiveri Welcomes Ron Dean to Firm as Tax Manager

Sansiveri is pleased to announce the hiring of Ron Dean, CPA, MST, as a Tax Manager in the firm. Ron has over nine years of experience providing tax compliance and year-round tax consulting. He works with both high net worth individuals and business entities including corporations, partnerships, and LLCs in...

PBN’s Five Questions With Michael DeCataldo

Michael DeCataldo

When should folks start thinking about year-end tax planning? Why? It is never too early to start thinking about tax planning.  The tax law is complicated and the interaction of various tax provisions must be considered when making decisions that affect your taxes.  A simple example is the prepayment...

Summary of the “TAX CUTS AND JOBS ACT”

-by Ron Dean, Tax Manager; reviewed by David Gobeille, Partner The House and Ways Committee released an initial draft of tax reform legislation on November 2, 2017. The “Tax Cut & Jobs Act” provides significant changes to tax rules for both individuals and businesses. Although this legislation is probably...

IRS Announces 2018 Tax Benefits and Limitations

-by Mike Raftery, CPA The IRS recently released the 2018 figures under current tax law for the following tax benefits and tax limitations that we wanted to pass along. Note that these figures come with the caveat that pending “tax reform” legislation may change these results. Personal Deductions -Personal...

Tax-Advantaged Health Accounts

Which tax-advantaged health account should be part of your benefits package? On October 12, an executive order was signed that, among other things, seeks to expand Health Reimbursement Arrangements (HRAs). HRAs are just one type of tax-advantaged account you can provide your employees to help fund their health care expenses....

Year-End Tax Planning

Year-End Tax Planning

As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. In many cases, this will involve the time-honored approach of deferring income until next year and accelerating deductions into...

New RI Personal Income Tax Modification for Pension Income

A new Rhode Island personal income tax modification applies for income from private‐sector pensions, government pensions, 401(k) plans, 403(b) plans, military retirement pay, annuities, and other such sources.   Approved by the Rhode Island General Assembly, and signed into law by Rhode Island Governor Gina M. Raimondo on June 24,...