Updates

November 2018 Tax Planning

As most people know, 2018 had tremendous tax changes. Since January, our team has been conducting detailed analysis and discussing strategies, as to how business owners can best deal with the changes. For the Small Business Owner, the tax law has been changed in an attempt to provide the same… Read More »

August 2018 Tax News

The IRS issued additional guidance to a very significant deduction for flow through entities, small business and self-employed. The significant developments are: Contract or employee – Now more important than ever and we think this will be looked at if examined. Rental Activities – Should that get the… Read More »

July 2018 Accounting News

Certain non-profits are required to undergo a review or an audit which results in formal financial statements. For the year ending December 31, 2018, the reporting requirements are changing. The presentation of Temporary Restrictions and Permanent Restrictions along with Board Designated will be different. New footnote disclosures are… Read More »

2018 Tax Law Changes: Deductions, Limitations…

As you have heard, there have been significant tax law changes for 2018.  We have been carefully studying the changes, and know that it will affect all of our clients. Here are some of our thoughts on the most significant changes: Your deductions will decrease – this is… Read More »

Welcome to Lynch Marini Accounting & Tax Updates

Welcome to the accounting and tax update section of our website. We will post important updates here, to keep you informed of important changes impacting your accounting methods, tax changes, tax planning, and clarifications and rulings by the Internal Revenue Service. If you would like notifications of updates,… Read More »