Key Tax Provisions in the PATH Act

New law extends and modifies tax breaks The new Protecting Americans from Tax Hikes (PATH) Act—signed into law by President Obama on December 18, 2015—does more than merely extend various expired tax provisions as most other “tax extender” laws have done in the past. This new legislation also makes several key tax breaks permanent, along
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Ins and Outs of Flexible Spending Accounts

Popular fringe benefit for employees Flexible spending accounts (FSAs) can be a low-cost addition to your company’s benefits package. You can provide FSAs for your employees to cover health care expenses, dependent care expenses—or both—within certain tax law limits. Background: An FSA is funded with pretax dollars, so there are significant tax savings for employees.
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A note to our valued Clients

It is with great sadness that we inform you of the passing of Sam Schwartz in late 2015. He is survived by his wife, Gail, his children and many grandchildren. Sam graduated from The Ohio State University in 1945 and opened his private practice business in 1958. In 1985, Barry Adelman joined Sam and later became
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Bigger Tax Rewards for Your Generosity

Special tax break for gifts of property Facebook founder Mark Zuckerberg made news recently by promising to give away 99% of his net worth, including his Facebook shares, to charity. The arrangement takes advantage of a unique tax break for charitable gifts of appreciated property, such as stock. Background: If you have held property long
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