FINRA's BrokerCheck

Business Wisdom

Tuesday, 05 February 2019

3 steps for students to conquer the career fair

Written by The Rehmann Team

So you've signed up for your first career fair, made finishing touches to your resume and bought a new pair of dress shoes. Do you feel ready? If you're nervous, that's a good thing! Being nervous means you care and making the connections to land your first job or internship is something you should care about...

Thursday, 04 April 2019

HR record retention guidelines

Written by Susan West

The HR department of a company is responsible for retaining and destroying employee records in accordance with not only the company’s policies, but also according to the federal and state laws that govern record retention. Outlined below is a typical HR department’s operating procedures for retention of personnel records together with the destruction of any documents when the retention period has passed. If your organization’s retention procedure is not of a sufficient time-frame for the state it operates in, then the state’s requirements would supersede the company policy. The HR department is responsible for maintaining both the employee records as well as the government compliance reports...

Friday, 01 February 2019

Safe harbor arrives for real estate investors

Written by Andrew Rose, CPA

The IRS released Notice 2019-07, which offers taxpayers much needed guidance about section 199A as it relates to real estate ownership and income. If a taxpayer can satisfy all the requirements of this safe harbor, then they will qualify for the new 199A deduction. It is important to note that just because a taxpayer cannot satisfy the safe harbor requirements that real estate activities will not qualify as a trade or business. It will be based on facts and circumstances if outside the safe harbor...

Friday, 25 January 2019

Specified service business limitation

Written by Anthony Licavoli

One of the first steps when calculating any potential pass-through deduction is to determine if your business is a qualified business. A qualified business generally includes any business that was not specifically listed as a “specified service trade or business” (SSTB) or those performing services as an employee. What is an SSTB? SSTBs were designated as any business that performs services in the fields of health, law, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services, or any trade or business where the principal asset of such trade or business is the reputation or skill of one or more of its employees or owners...

Friday, 25 January 2019

Aggregation and maximizing your “pass-through” deduction

Written by Anthony Licavoli

In the simplest form of the “Section 199A” or “pass-through” deduction, owners of pass-through entities reporting $315,000 or less in total taxable income on their 1040s ($157,500 for single filers) can deduct up to 20 percent of their pass-through income from their taxes. Owners who make more may still be able to take a deduction, if they satisfy the law’s tests and limitations. However, those tests and limitations can make life complicated for owners of multiple pass-through businesses who exceed the individual taxable income limits. Thankfully, recent guidance from the IRS allows owners of multiple pass-through entities to aggregate qualifying businesses together for the purposes of calculating the various limitations...

Friday, 25 January 2019

Navigating the various limitations for the “pass-through” tax deduction

Written by Anthony Licavoli

Owners of pass-through entities reporting less than $315,000 in total taxable income on their 1040s ($157,500 for single filers) can generally deduct 20 percent of qualified pass-through income from their taxes with no additional analysis required. Once a taxpayer’s taxable income reaches $315,000 ($157,500 for single filers) certain restrictions and limitations begin to phase-in which could potentially reduce or eliminate the deduction all together. W-2 and qualified property based limitations For qualified business owners subject to the limitations, the pass-through deduction is limited to the greater of: The owner’s share of 50 percent of W-2 wages paid by the employer during the year or The sum of the owner’s share of 25 percent of such W-2 wages plus the owner’s share of 2.5 percent of the unadjusted basis immediately upon acquisition of qualified property W-2 wages generally include all taxable wages paid by the business plus contributions to retirement plans...

Thursday, 24 January 2019

Market Outlook – January 2019

Written by The Rehmann Team

Economy The labor market continues to show its strength, adding 312,000 jobs in December. In addition, prior figures for jobs added in October and November were revised higher (274,000 and 176,000, respectively). The unemployment rate increase (from 3.7 percent to 3...

Wednesday, 23 January 2019

Handle buy-sell agreements with care

Written by Thomson Reuters

If you own an interest in a family-owned or other closely held business, a buy-sell agreement is a valuable document to have in place. These agreements specify whether — and under what circumstances — owners’ interests may be transferred. Buy-sell agreements should be planned and drafted carefully to ensure that they meet your expectations and don’t trigger unwanted tax consequences or conflicts with other owners or family members. Consider the benefits A well-crafted buy-sell agreement provides many benefits, including: Keeping ownership of the business within the family or another select group (for example, people actively involved in the enterprise), Preventing an owner’s former spouse from acquiring a business interest in the event of a divorce, Providing owners and their heirs with liquidity to pay estate taxes and other expenses in the event of death or disability, Establishing the value of the business for gift and estate tax purposes (if certain requirements are met), and Minimizing disputes over ownership succession issues...

The IRS has released final regulations on tax reform’s new qualified business income (QBI) deduction just days before the 2019 tax filing season kicks off. This year’s filing season is slated to begin on January 28. The Code Sec. 199A "passthrough" deduction is considered on Capitol Hill as one of the most complex and controversial provisions of the Tax Cuts and Jobs Act (TCJA)...

Thursday, 17 January 2019

Identity theft and your tax returns: How to protect yourself

Written by Thomson Reuters

Tax returns are a prime target for identity thieves. After all, the IRS processes billions of dollars in tax refunds every year, and criminals follow the money. A thief needs little more than your name and Social Security number (SSN) in order to file a fraudulent tax return and pocket the refund. Then, when you attempt to file your return, the IRS or state tax authority informs you that you’re attempting to file a duplicate return...

Page 5 of 133

Meet The Rehmann Team

Start typing a name ...
Searching for "{{nameQuery}}"...
Start typing a experience ...
Searching for "{{experienceQuery}}"...
Start typing a location ...
Searching for "{{locationQuery}}"...
Or view a list of team members