If your company is contemplating an expansion, talk to your Somerset Advisor as soon as possible. Many localities offer tax incentives when company’s add to their real estate and personal property tax base. The most important part is to
The Internal Revenue Service (IRS) has noticed a recent increase in local phone scams across the country with callers intending to steal money or identities by impersonating the IRS. The callers have even threatened to arrest the individuals or
December 31, 2014, is the deadline for portability for small estates of pre-2014 decedents. Estates of decedents who died before January 1, 2014, that fall below the dollar threshold for having to file an estate tax return, and that
Many industries including manufacturing, construction, not-for-profit, agriculture and physician offices are granted sales tax exemption status on their purchases. If you have not considered buying such materials and supplies exempt from sales tax, contact us for a discussion on how
Uncompensated overtime is hours worked in excess of 8 hours a day, or 40 hours per week, by salaried employees who are paid a fixed amount per week, month or year regardless of the number of hours worked. The
The Internal Revenue Service recently announced new cost-of-living adjustments—many of which will allow employees to contribute more toward their retirement plans in 2015.
Single-family REITs are poised to succeed. The demand for micro-apartments is growing. And contributor Anthony La Malfa has advice about the proper structure of a real estate loan.
California LLCs – Franchise and LLC Fees We are seeing an increase in taxpayer investments in California properties as well as investments in LLCs doing business in California. An LLC is considered to be “doing business” in California if
Somerset CPAs and Advisors is now part of CBIZ and MHM. Together, CBIZ and MHM are one of the Top Ten accounting providers in the country. Please click here for more information.
