This update to my original post is being written on March 29, 2025. Things could change (and most likely will) so this post is mainly trying to help keep people updated. As more attorneys weigh in, one law firm in Italy—Studio Legale Di Ruggiero in Salerno—has released a detailed review of the decree, and they […]
Update on the Decree for Italian Citizenship by Descent Read More »
I’m taking a break from taxes to share some news that came out of Italy today. I’ve talked with a number of accountants about this process, so I know there are a lot of us out there who will be affected. Big News for Italian Citizenship by Descent: What the New 2025 Decree Means for
Big News for Italian Citizenship by Descent Read More »
This post is a follow-up to one I wrote on April 11, 2020, about the 75th anniversary of the liberation of the Buchenwald concentration camp. That post was deeply personal to me because my grandfather was part of the liberating forces and bore witness to what remains one of humanity’s greatest tragedies. He was tasked
January 27, 2025: Reflection on the 80th Anniversary of Auschwitz’s Liberation Read More »
I wanted to share a link and information about a free presentation that a friend of mine is doing on November 9 at 11 am EST. On 11/9 at 11AM EST is a free presentation: Planning for your Adult Child with Disabilities. Here is a link to the Zoom Presentation: https://t.co/3pkrbVWpQ7 @Eligabiff will be touching
Planning for your Adult Child with Disabilities Read More »
It’s late July and all of a sudden, everyone that has to file the Texas Franchise Tax Report on extension is trying to figure out if they need to file a second extension on August 15, 2024. As a tax professional in Texas, I always get a number of questions about this filing requirement. So,
A closer look at the 2nd Texas Franchise Tax Extension Read More »
So, you’ve filed or extended your federal business returns and now you need to focus on the Texas Franchise Tax Report. This annual report is due on May 15 each year, regardless of when your accounting year ends. Right now, our focus is on the 2023 Texas Franchise Tax Report. This report is generally for
Top Issues For The Texas Franchise Tax Reports Read More »
The American Institute of CPAs (AICPA) had a Town Hall meeting on Thursday, January 6, 2022, to cover updates related to the tax profession. One of the items they highlighted is how dysfunctional the Internal Revenue Service (IRS) currently is. The biggest problem is they aren’t opening their mail or reading the faxes that are
There’s trouble at the IRS – Tell Congress to Act NOW! Read More »
It’s a new year, so now it’s time to complete our year-end procedures and make sure we’re ready for 2022. If you have anything to do with accounting, you know this is a crazy time of year. One important deadline for January is filing W-2’s for employees and 1099 Forms for contractors and others. I’m
New Year – new payroll tax software? Read More »
Last year, being 2020, Congress passed many laws related to the coronavirus and COVID-19. One of them included a deduction from charitable contributions for everyone who doesn’t itemize their tax deductions on Form 1040. The amount was limited to $300 per return, so a taxpayer filing as a single individual got the same deduction as
You need to know these facts about charitable deductions in 2021 Read More »
Everyone knows accounting can be a grueling occupation. Not physically, but mentally, it can wear you out. Luckily, my firm is a member of the BDO Alliance and they go out of their way to help us relieve the stress during stressful periods. This year they are hosting a week of online learning classes to
How to make a charcuterie board – #WeekOfGratitude Read More »