Tag: tax minimization planning

This is the last time (for a while) that I will refer to tax season 2024 in my weekly blog.  We all know that tax season never really ends until the IRS and most states shut down their e-file portals in October, but we can dream.  Every year we say “this has been the worst tax season ever”, and it has been yet again.  Friends and family roll their eyes…  Read more

Today is a major deadline day, it’s like a perfect storm for me with a sunny afternoon and mild temperature expected later.  I really wanted to stay out on the beach and continue my walk even though it was overcast at 7AM.  Not gonna happen as today is March 15th, the perfect tax season deadline storm of beautiful weather and several major business, fiduciary/trust and partnership tax return, election, estimated…  Read more

Welcome to March and the count down to spring, hard to believe when we were building snowmen ⛄ just last week.  We at A. Parness Company CPA are deep into tax season 2024, with several tax deadlines happening March 15, which when necessary, may be extended until September.  During our exit appointments we get many similar questions, today I am focusing on “working dogs”.  I am picturing farm dogs herding…  Read more

Hanukkah, “The Festival of Lights”; the holiday that commemorates the rededication of the Jewish temple in Jerusalem in the 2nd century BCE started last night: Thursday December 7th.  We know it as the time for Hanukkah traditions like:  lighting the menorah 🕎(adding one candle each night), giving and receiving gifts 🎁including chocolate gelt (chocolate coins) 🪙, playing spinning the dreidel (colorful top) and those delicious latkes (potato pancakes)  and apple sauce. Happy…  Read more

Another busy week with some exciting news.  We all yearn to help make a difference in our environment; I have been composting for over 20 years, creating “black gold” for my vegetable garden, flowers and shrubs. Just last night my husband and I started the process to install solar panels on our house.   The US Tax Code is influencing my behavior while enabling me to reduce my carbon footprint.  We…  Read more

We have been busy in our office working on extended tax returns and working on tax minimization plans so although we had a week of rainy weather we did not feel too bad being “stuck” inside. This morning I was glad to see the sun come out and we are expecting a weekend of good weather. Sunrise Today Over Our New Rock Jetty Between Beach 130/131 The berm construction is…  Read more

As our clients plan their summer vacations we get calls about the potential to “write off” some of the costs as a business expense.  Just last week I extended my trip.  When the tax conference I attended in Seattle ended Friday evening, I took advantage of being on the west coast and flew down to San Diego for a visit with my daughter and additional training.   Check out the tax…  Read more

Yes, once again I am admitting:  I am a tax nerd; attending the 15th annual Certified Tax Coach (CTC) conference in Seattle is/was the highlight of my week so far.  I can say this, as this morning starts day 2 of the conference and then tonight I head to San Diego to visit my daughter Jessie, her boyfriend Eric and my granddog Sampson.  It was a day of connecting with…  Read more

It been another crazy busy summer week starting with a Town Hall panel web presentation on IRS/NYS tax collections mitigation.  Even through we had the framework set from prior presentations a lot of time and energy went into preparing for this one and I love participating. I had a great time yet again presenting with Karen Tenenbaum, esq, CPA, Moshe Zupnick, esq, and Marisa Friedrich, esq, of Tenenbaum Law, P.C.. Town…  Read more

It’s a beautiful day here in Michigan where we are visitng for an extended weekend.  We have great plans for the next few days so this week’s blog will be short and sweet    We arrived late last night; here is my view as I write today’s blog… Sunrise on the lake this moring I am glad we were finally able to visit and not only spend time with our daughter…  Read more

Some of us may have great bosses who have closed their offices on Monday allowing their staff to enjoy a four day weekend.  No matter what our work plans are I look forward to the weekend and maybe a bar-b-que or 2 and expect/hope many are of you are planning, picnics and outings with family and friends. I hear the weather will be a bit iffy here in NYC with some scattered…  Read more

Is it cheating if I fill our weekly blog with photos and go lite on tax details as we count down the remaining available days to complete our work before the next deadline or until we go on vacation?  This week we celebrated our 42 anniversary and welcomed our new grandog Rory into the family. How does a CPA plan a wedding during tax season?  We got married before I entered…  Read more

Today I got up early to run, yes run on the beach for a short stretch, then head home to another fun day in the office at tax deadline crunch time…  Just like yesterday, it is great to be able to do the things I used to do.  So I am picking out what I think are my best shots of the week and sharing them with a huge smile.…  Read more

I hope everyone enjoyed the Hanukkah and Christmas holidays, some of us had some cold stormy weather and others had a white Christmas.  I asked for photos and am happy to share them here.  FYI they come from as far as California and Texas as far south as Georgia and north as Michigan. Hanukkah in NYC Christmas in New Jersey White Christmas in Michigan Christmas in Georgia Christmas in Texas…  Read more

It’s December 23rd and very stormy here in the NY metropolitan area, so no “white Christmas” for us but we are happily celebrating Hanukkah and looking forward to Christmas this weekend, no matter what the weather.  Of course it is all about family and friends and food.  Just this week we had an in-person training as we prepare for tax season 2023, and what better way than to start than with delicious…  Read more

I have been hearing “10 year Hurricane Sandy Survivor Stories” on the radio these last few days.  As one myself I have many memories of the how hard  it was to literally dig out from the sand deposited by the ocean while emptying  rooms of furniture, clothing, sheetrock, etc., destroyed by salt water. I know people love hearing the stories of how communities came together to work with neighbors, friends,…  Read more

Celebrating May:  Cinco de Mayo and our Mothers!!! Anyone up for margaritas with lunch to celebrate Cinco de Mayo… Cheers! Mother’s day is this weekend and I am looking forward to my annual trip to the Brooklyn Terminal Market with a good friend Edith.  We share gardening stories and tips with other amateur gardeners like ourselves as we choose non-traditional varieties of flowers, herbs and vegetables to plant in our…  Read more