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Financial News
Tax Alerts
Tax Briefing(s)

Eliot Ullman is quoted in an article about the Earned Income Tax Credit that appeared on the Alert Investor web site on March 27, 2017.


Michael Eisenberg comments on uncertainty over the Affordable Care Act's health insurance coverage requirement and tax related penalty in the February 24, 2017 California Healthline syndicated column Ask Emily. 


Michael Eisenberg explains why it's important to keep your tax returns for a long time in this January 20, 2017 article by The Washington Post.


Consider the recreational or educational activities available when deciding where to retire advises Michael Eisenberg in this January 9, 2017 article in the Journal of Accountancy.


Michael Eisenberg offers advice on harvesting your losses in this December 20, 2016 article published by American Funds.


Michael Eisenberg offers insight on the current rise in the personal financial satisfaction level in this October 27, 2016 article from the Journal of Accountancy.


Why not use social media to garner envy over how you've accomplished a financial milestone rather than just posting photos of your latest vacation?  Michael Eisenberg suggests a different outlook on using social media in a September 1, 2016 article by the AICPA.


This article from the September 1, 2016 Los Angeles Times reveals how most high school and college students are woefully unprepared to handle financial tasks such as saving, budgeting, managing credit or investing.


While the Personal Financial Satisfaction Index (PFSi) is up, Michael Eisenberg is cautious of political instability in a July 28, 2016 article published in the Journal of Accountancy.


Michael Eisenberg and Innovative Wealth Advisors are quoted in this June 28, 2016 U.S. News & World Report article on how to baby step your way to savings.


Here's an overview of the economic issues surrounding the Brexit, and what this historic decision could mean for the United Kingdom, world trade, and international investors.


Michael Eisenberg and Miller Ward & Company are mentioned in this May 31, 2016 article which appeared on mainstreet.com.


While Personal Financial Satisfaction has dipped recently, Michael Eisenberg explains the importance of staying focused in a report issued April 27, 2016 by the AICPA.


Michael Eisenberg is quoted in this April 28, 2016 CNBC.com article about how earning an allowance can teach kids a lesson in financial responsibility.


Michael Eisenberg and Miller Ward & Company were mentioned in a USA TODAY article which appeared on February 19, 2016 about how to choose a tax preparer.


Michael Eisenberg is prominently quoted in this January 19, 2016 Los Angeles Times story on how the latest Powerball winner is proceeding with caution as to how to protect and make the best use of his financial windfall.


In early 2016 President Obama signed a stopgap highway bill that included changes to the income tax laws.


Since taking office in January, President Trump has called for comprehensive tax reform. The President’s recently released fiscal year (FY) 2018 outlines some of his key tax reform principles. At the same time, White House officials said that more tax reform details will be released in coming weeks. These details are expected to describe rate cuts for individuals and businesses, new incentives for child and elder care, elimination of certain deductions and credits, and more.


The future of the Affordable Care Act and its associated taxes has moved to the Senate following passage of the American Health Care Act (AHCA) in the House in April. Traditionally, legislation moves more slowly in the Senate than in the House, which means that any ACA repeal and replacement bill may be weeks if not months away.


Many businesses consider the occasional wining and dining of customers and clients just to stay in touch with them to be a necessary cost of doing business. The same goes for taking business associates or even employees out to lunch once in a while after an especially tough assignment has been completed successfully. It's easy to think of these entertainment costs as deductible business expenses, but they may not be. As a general rule, meals and entertainment are deductible as a business expense only if specific conditions are met. What's more, the deduction for either type of expense generally is limited to 50 percent of the cost.


As “hurricane season” officially begins, the IRS has released a number a tax tips, reminders and other advice to help taxpayers weather the storm of natural disasters and similar emergencies. The underlying theme for all IRS "tax tips" is that recordkeeping has generally become easier in the digital age. However, it remains the primary responsibility of the taxpayer to preserve adequate records whether or not caused by a disaster.


Individuals, trusts, estates, personal service corporations and closely held C corporations may only deduct passive activities losses from passive activity income. The rules do not apply to S corporations and partnerships but do apply to their respective shareholders and partners. In general, limited partners are not deemed to materially participate in partnership activities. Thus, a limited partner's share of partnership income is passive income. However, general partners or acting general partners may hold limited partnership interests and materially participate in the partnership.


As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important federal tax reporting and filing data for individuals, businesses and other taxpayers for the month of June 2017.