Contractor Insurance Trends in 2023
June 4, 2023 Contractor Insurance Trends in 2023 Insurance costs have always been one of the biggest unknowns for contractors. Volatile premiums for general liability (GL), workers’ compensation, umbrella/excess liability,…
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Supply Chain Challenges — Six Steps to Minimize Disruptions
June 2, 2023 Supply Chain Challenges — Six Steps to Minimize Disruptions It has now been more than three years since the onset of the COVID-19 global pandemic, but the…
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3D Construction Printing — Should Your Firm Pursue 3DCP?
June 1, 2023 3D Construction Printing — Should Your Firm Pursue 3DCP? Three-dimensional printing has been around longer than many people realize. The first documented instance of 3D printing occurred…
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Want to Improve Your Cash Flow? Shorten the Amount of Time it Takes to Get Paid
May 23, 2023 Want to Improve Your Cash Flow? Shorten the Amount of Time it Takes to Get Paid To say that things are uncertain right now when it comes…
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Benefits of Qualified Opportunity Funds Waning
May 12, 2023 Benefits of Qualified Opportunity Funds Waning A Qualified Opportunity Fund (QOF) is an investment vehicle which is organized as a corporation or a partnership for the purpose…
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Don’t Get Hit with IRS Underpayment Penalties
May 3, 2023 Don’t Get Hit with IRS Underpayment Penalties Under federal law, taxpayers must pay taxes during the year as they earn or receive income, or they can find…
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Roundup of Individual Tax Changes For 2023
May 1, 2023 Roundup of Individual Tax Changes For 2023 Two recently passed pieces of tax legislation have brought about several tax changes for 2023 that may affect you. The…
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Inflation Reduction Act: What You Should Know
September 1, 2022 Inflation Reduction Act: What You Should Know The Inflation Reduction Act, signed into law on August 16, 2022, includes health-care and energy-related provisions, a new corporate alternative…
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MA SALT 2021 Update
December 16, 2021 MA SALT 2021 Update Recently, Massachusetts joined several other states in enacting an entity-level excise that responds to the State and Local Tax (SALT) deduction limitations under…
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Rhode Island’s New SALT (State & Local Tax) Workaround
November 26, 2019 Rhode Island's New SALT (State & Local Tax) Workaround The Tax Cuts and Jobs Act, which passed in December 2017, limits the amount of personal state and…
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Are Opportunity Zones in Your Portfolio?
November 30, 2018 Are Opportunity Zones in Your Portfolio? First, what is an Opportunity Zone? An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be…
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Michael DeCataldo Talks Opportunity Zones
November 28, 2018 Michael DeCataldo Talks Opportunity Zones In this Providence Business News article, Sansiveri's Michael DeCataldo discusses a breakthrough opportunity designed to offer tax breaks and revitalize our communities.…
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2018 Year-End/Year-Round Tax Planning Guide
November 8, 2018 2018 Year-End/Year-Round Tax Planning Guide At Sansiveri, our tax professionals are dedicated to helping you maximize your income through a variety of valuable tax-saving strategies. As part…
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A Breakthrough Opportunity for Investors
October 22, 2018 A Breakthrough Opportunity for Investors Harness the Power of Opportunity Zones First, what is an Opportunity Zone? An Opportunity Zone is an economically-distressed community where new…
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How to Handle Business Deductions for Meal, Vehicle and Travel Expenses
July 30, 2018 How to Handle Business Deductions for Meal, Vehicle and Travel Expenses Document and Segregate Meal and Entertainment Expenses Meal, vehicle and travel expenses are common deductions for…
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Qualified Business Income Deduction Limit
July 19, 2018 Qualified Business Income Deduction Limit Close-up on the New QBI Deduction’s Wage Limit The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to…
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Business Owners – What Are Your Payroll Tax Obligations?
July 12, 2018 Business Owners - What Are Your Payroll Tax Obligations? How to Avoid Getting Hit With Payroll Tax Penalties For small businesses, managing payroll can be one of…
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The Sales Tax Impact of South Dakota Versus Wayfair, Inc. Decision
July 9, 2018 The Sales Tax Impact of South Dakota Versus Wayfair, Inc. Decision Does Your Business Have to Begin Collecting Sales Tax on All Out-of-State Online Sales? As we've…
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What is the Best Entity Structure for Your Business Today?
July 2, 2018 What is the Best Entity Structure for Your Business Today? Choosing the Best Business Entity Structure Post-TCJA For tax years beginning in 2018 and beyond, the Tax…
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States Can Now Require Internet Retailers to Collect Sales Taxes
June 21, 2018 States Can Now Require Internet Retailers to Collect Sales Taxes Ruling by the Supreme Court now allows states to collect sales tax from internet retailers regardless of…
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401(k) Plan Changes You Need to Know About
June 14, 2018 401(k) Plan Changes You Need to Know About Two tax law changes that may affect your business's 401(k) plan. When you think about recent tax law changes…
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Connecticut Offers Guidance on Public Act 18-49
June 12, 2018 Connecticut Offers Guidance on Public Act 18-49 Connecticut recently passed Public Act 18-49 (ACT) which changes how CT taxes income earned by Partnerships and S Corporations, including…
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What are the Tax Consequences of Virtual Currency Transactions?
June 5, 2018 What are the Tax Consequences of Virtual Currency Transactions? Businesses need to know about the tax treatment of bitcoin and other virtual currencies. Over the last several…
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It’s a Great Time to Hire and Put Your Child on Your Business Payroll
May 29, 2018 It's a Great Time to Hire and Put Your Child on Your Business Payroll Putting your child on your business’s payroll for the summer may make more…
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TCJA May Restrict Deduction Of Losses From Pass-Through Entities
May 23, 2018 TCJA May Restrict Deduction Of Losses From Pass-Through Entities The TCJA Changes Some Rules for Deducting Pass-Through Business Losses It’s not uncommon for businesses to sometimes generate…
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Mixing Business With Pleasure – What You Can Claim
May 14, 2018 Mixing Business With Pleasure - What You Can Claim Can you Deduct Business Travel When it’s Combined With a Vacation? At this time of year, a summer…
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TCJA Provisions Affecting Small Businesses for 2018
April 30, 2018 TCJA Provisions Affecting Small Businesses for 2018 Now that small businesses and their owners have filed their 2017 income tax returns (or filed for an extension), it’s…
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Small Business Tax Documentation Retention Guidelines
April 25, 2018 Small Business Tax Documentation Retention Guidelines You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). But if…
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Impact of TCJA Changes to Employee Benefits Tax Breaks
April 18, 2018 Impact of TCJA Changes to Employee Benefits Tax Breaks TCJA Changes to Employee Benefits Tax Breaks: Four Negatives and a positive The Tax Cuts and Jobs Act…
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Recent Tax Law Change Made 2017 Net Operating Loss More Beneficial
April 11, 2018 Recent Tax Law Change Made 2017 Net Operating Loss More Beneficial A Net Operating Loss on Your 2017 Tax Return Isn’t All Bad News. The Tax Cuts…
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"IRS Refunds" ID Theft Scam
April 10, 2018 IRS Refunds & ID Theft Scam Yesterday, at a Security Summit in Providence, the Rhode Island Division of Taxation, the Internal Revenue Service, and other partners …
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Be Careful When Classifying Workers as Independent Contractors vs. Employees
April 5, 2018 Be Careful When Classifying Workers as Independent Contractors vs. Employees Businesses can save money and other benefits when classifying workers as independent contractors rather than employees. But,…
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Key 2018 Second Quarter Tax Deadlines
March 27, 2018 Key 2018 Second Quarter Tax Deadlines Key deadlines for businesses and other employers for 2018 Q2 tax calendar: Listed below are some of the key tax-related deadlines…
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New Tax Law allows Tax-Deferred Like-Kind Exchanges, but Primarily for Real Estate
March 23, 2018 New Tax Law allows Tax-Deferred Like-Kind Exchanges, but Primarily for Real Estate You may defer tax with a Section 1031 exchange, but new limits apply this year.…
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Business or Hobby? New Tax Law Affects Deductions
March 20, 2018 Business or Hobby? New Tax Law Affects Deductions Can you deduct hobby expenses under the new tax law? The quick answer is no. We will be happy…
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RI and MA Follow IRS Extension Deadline Relief
March 15, 2018 RI and MA Follow IRS Extension Deadline Relief Rhode Island and Massachusetts are following the IRS lead to allow corporations, partnerships & S corporations who cannot file…
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March 15th Federal Tax Deadline Extended for Businesses Affected by Recent Storms
March 13, 2018 March 15th Federal Tax Deadline Extended for Businesses Affected by Recent Storms Businesses affected by severe winter storms that primarily hit portions of the Northeast and Mid-Atlantic,…
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Repairs Versus Improvements: Some IRS Safe Harbors Can Help
March 13, 2018 Repairs Versus Improvements: Some IRS Safe Harbors Can Help Make sure repairs to tangible property were actually repairs before you deduct the cost. Repairs to tangible property,…
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2017 Tax Filing Deadline for Pass-Through Entities is March 15
March 6, 2018 2017 Tax Filing Deadline for Pass-Through Entities is March 15 When it comes to income tax returns, April 15th (actually April 17th this year, because of a…
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Does Your Business Qualify for a Sec. 179 Expensing Tax Break?
February 27, 2018 Does Your Business Qualify for a Sec. 179 Expensing Tax Break? Sec. 179 expensing provides small businesses tax savings on 2017 returns — and more savings in…
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Are You Eligible to Claim WOTC on Your 2017 Tax Return?
February 23, 2018 Are You Eligible to Claim WOTC on Your 2017 Tax Return? Tax credit for hiring from certain “target groups” can provide substantial tax savings. Many businesses hired…
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Can a Simplified Employee Pension Provide a Tax Savings in 2017?
February 21, 2018 Can a Simplified Employee Pension Provide a Tax Savings in 2017? Small Business Owners: A SEP may give you one last 2017 tax and retirement saving opportunity…
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SRICC Free Presentation: The Application of Tax Reform for Businesses and Individuals
February 19, 2018 SRICC Free Presentation: The Application of Tax Reform for Businesses and Individuals The recently passed tax reform bill, commonly referred to as the “Tax Cuts and Jobs…
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Is Your Employer Withholding Enough in Taxes?
February 13, 2018 Is Your Employer Withholding Enough in Taxes? The Internal Revenue Service recently released Notice 1036, which updates the income-tax withholding tables for 2018. This reflects changes made…
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Should You Take Bonus Depreciation on Your 2017 Tax Return?
February 12, 2018 Should You Take Bonus Depreciation on Your 2017 Tax Return? Claiming bonus depreciation on your 2017 tax return may be particularly beneficial. With bonus depreciation, a business…
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Podcast on Tax Cuts and Jobs Act: Impact on Small and Medium Sized Businesses
February 8, 2018 Podcast on Tax Cuts and Jobs Act: Impact on Small and Medium Sized Businesses Interview with Michael DeCataldo, Managing Partner and Head of the Tax Group, Sue…
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Tax Reform Impact on Nonprofits
February 6, 2018 Tax Reform Impact on Nonprofits The Tax Cuts and Jobs Act enacted in December 2017 marks the most dramatic overhaul to the U.S. income tax code in…
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