August 22, 2017
Howe, Riley & Howe is pleased to welcome Renee Williams, Usha Gurumurthy, CPA, Jessica Laurent and Lori Gordon as new Associates. With a variety of tax and accounting specialties, Williams, Gurumurthy, Laurent and Gordon will be integral members of the Howe, Riley & Howe team. “We are delighted that Renee, Usha, Jessica and Lori have […]
August 17, 2017
It’s popular for property owners in certain markets to rent out their former residences. Doing so generates income that’s largely offset by tax deductions and allows you to potentially participate in the property’s future appreciation in value. Before making the home-to-rental conversion, however, it’s important to understand the special — and sometimes confusing — tax rules that apply when the property is rented and eventually sold.
August 7, 2017
Qualified small businesses have a new option for using their research tax credits: They can now elect to apply their credit to the Social Security tax portion of their federal payroll tax liabilities. That may come in handy for smaller start-ups with significant research expenses and little or no profits. Here are the details of recent IRS guidance on how to take advantage of this special privilege.
August 6, 2017
A wave of consolidation in the music publishing sector. Several multimillion-dollar music portfolios are reportedly up for sale. But are they asking too much to attract serious buyers? When it comes to valuing intellectual property assets, experts don’t rely on gut instinct. Here’s an overview of tried-and-true methods used to value copyright portfolios and other types of intellectual property.
July 12, 2017
Howe, Riley & Howe is pleased to announce the promotion of Jason Gagnon, CPA, to Manager. Gagnon joined the firm in 2011 and specializes in audit and accounting, tax and financial accounting. “It’s an honor for us to promote individuals who have a strong passion for accounting and a dedication to providing exceptional service to […]
July 12, 2017
If you or a loved one plan to get married this summer, there are some important financial issues the happy couple should consider. Should you file jointly or separately in 2017? Will you be hit with the marriage penalty — or be lucky enough to qualify for the marriage bonus? Here’s guidance to help answer these questions, along with a tax tip for newlywed property owners who need to combine their households.
June 19, 2017
Donors of large gifts often put restrictions on their donations. For example, a contribution may be for a specific purpose such as supporting scholarships or financing an endowment. However, such gifts are subject to extensive IRS regulations. This article looks at various types of restrictions and how they can affect a donor’s ability to take a tax deduction.