Frazer LLP Blog

Jane Warren, CPA


Recent Posts

2017 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers

Jul 17, 2017 4:08:47 PM / by Jane Warren, CPA posted in Tax, Tax Deadlines

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Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.

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Retirement Plan Contribution Limits for 2017

Mar 7, 2017 11:55:06 AM / by Jane Warren, CPA posted in Retirement Planning

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Retirement plan contribution limits are indexed for inflation, but with inflation remaining low most of the limits remain unchanged for 2017. The only limit that has increased from the 2016 level is for contributions to defined contribution plans, which has gone up by $1,000.

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How should I document business expense deductions?

Sep 19, 2016 3:58:09 PM / by Jane Warren, CPA posted in Tax, Business Expense Deductions

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If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on valuable deductions. Here are two recent U.S. Tax Court cases that help illustrate the rules for documenting deductions: insufficient records and destroyed documents.

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Does summer day camp qualify for tax credits?

Jun 20, 2016 12:00:00 PM / by Jane Warren, CPA posted in Tax Credits

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Summer day camp is rapidly approaching for many families. If yours is among them, did you know that sending your child to day camp might make you eligible for a tax credit?

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Two Extended Tax Credits for Businesses

Jan 7, 2016 1:59:19 PM / by Jane Warren, CPA posted in Tax Credits

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The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) extended a wide variety of tax breaks, in some cases making them permanent. Extended breaks include many tax credits — which are particularly valuable because they reduce taxes dollar-for-dollar (compared to deductions, for example, which reduce only the amount of income that’s taxed).

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NQSO vs. ISO: Which tax treatment is best for you?

Aug 4, 2015 10:59:30 AM / by Jane Warren, CPA posted in Tax, Stock Options

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The tax treatment of NQSOs differs from that of their better-known counterpart, ISOs. With nonqualified stock options (NQSOs), if the stock appreciates beyond your exercise price, you can buy shares at a price below what they’re trading for. This is the same as for the perhaps better-known incentive stock options (ISOs).

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