Marvin & Co. Blog

The IRS Proposed Taxpayer-Friendly Regulations on the Section 41 Research Tax Credit

Posted on: 2/25/15 by James E. Amell, CPA

On January 16, 2015, the Internal Revenue Service proposed long anticipated and taxpayer-friendly regulations concerning the section 41 research tax credit (“research credit”) and its treatment of expenditures related to the development of software, both internal-use software (“IUS”) and non-IUS.

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Five Challenges Ahead for Small Businesses

Posted on: 2/25/15 by Kevin J. McCoy, CPA, CFF

It was not long ago that there was no Internet and only international spies had cell phones. The changes occurring these days are happening at breakneck speed, and small businesses are hard-pressed to keep up. However, it is important to adapt to the latest developments and incorporate them into your business planning.

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Nailing Down Deductions for Charitable Gifts

Posted on: 2/25/15 by Heather D. Patten, CPA

If you are like many taxpayers, one of the biggest tax deduction items on your return is charitable donations. But deductions are not automatic if you do not have the proper records to back up your claims. Here are several important reminders for the current tax filing season.

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GENERAL TAX AND AFFORDABLE CARE ACT UPDATES WEBINAR SLATED FOR 2/18 AT NOON

Posted on: 2/9/15 by Debra L. Smith, CPA

Business owners, individuals and employers interested in better understanding tax developments of 2014 are encouraged to participate in a complementary webinar titled, “General Tax and Affordable Care Act Updates” on Wednesday, February 18 from noon to 1 p.m., hosted by Marvin and Company, P.C. 

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Big Benefits Through 401(k) Accounts

Posted on: 2/3/15 by

No matter what the size of your company, employees may enjoy the benefits of participating in a 401(k) plan. One of the most popular retirement plans around, a 401(k) is a proven way to save money for your golden years. Just consider the following features…

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Start-Up Center: Determining the Right Entity Type for Your Business

Posted on: 1/29/15 by Kevin P. O'Leary, CPA

One of the more difficult, and important, decisions that new business owners have to make is their form of entity. Choice of entity affects legal liability, current taxation, the type of tax forms companies are required to file and an owner’s exit strategy. Each entity type has its own advantages and disadvantages depending on the type of business.

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Marvin University - General Tax and Affordable Care Act Updates

Posted on: 1/29/15 by Debra L. Smith, CPA

GENERAL TAX AND AFFORDABLE CARE ACT UPDATES WEBINAR SLATED FOR 2/18 

STAY TUNED FOR ADDITIONAL DETAILS. 

Hosted by Debra L. Smith, CPA, Manager and Jim E. Amell, CPA, Director. 

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New York Corporate Tax Reform: Are You Eligible For A 0% Corporate Tax Rate?

Posted on: 1/27/15 by James E. Amell, CPA

As you may be aware, on Jan. 1, comprehensive corporate tax reform went into effect in the state of New York. One industry that has certainly taken notice is manufacturing. As part of the reform, the business income base rate for qualified C corporation manufacturers has been reduced to 0% for tax years beginning on or after January 1, 2014.

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Bitcoin In The Charitable Sector: What Nonprofits Need To Know

Posted on: 1/27/15 by Frank S. Venezia, CPA

It’s a question many nonprofit executives and their boards may be asking as they encounter potential donors wishing to make their contributions with Bitcoin. Several national organizations have recently announced that they are accepting Bitcoin donations. However, the digital currency’s use is still very much in early adoption phase. Organizations that currently accept Bitcoin donations tend to do so in order to outwardly support innovation, appeal to their tech-savvy donor bases and give their donors a low-cost option for making donations.

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Awkward Board Conversations About Pay – Can We Talk?

Posted on: 1/24/15 by Heather R. Lewis, CPA

I have spent over ten years working with organizations of all sizes and varying levels of sophistication. The most guarded and sensitive documentation relates to salary. These are always the files which must be locked up at night and never left unattended. Discussions regarding salary are done at a whisper. We have heeded our parents warning, “You never ask anyone how much they get paid.” Salary discussions are right up there, perhaps even more sacrosanct, than the discussion of religion or politics.

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