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Gerson Preston recognizes Partner Stuart Rohatiner for his contributions to The Miami Heat Coaches Clinic, emphasizing the power of community and teamwork | Gerson Preston

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February 27, 2018

Gerson Preston features Cuban-American artist Ricardo Casado in its Miami office as he honors the rich history of Gerson Preston in his latest work, a 72×48 mural, depicting the growth and deep roots of the iconic CPA firm| Gerson Preston

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February 27, 2018

In this season of paper piles, bursting files and inscrutable tax forms arriving in the mail, tip your cap to one aspect of the new tax bill. If you’re among the millions of people who will no longer be itemizing your deductions next year, there may just be less mess in your future. This is no solace for people who hate the bill’s politics or the way it hits their...

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February 26, 2018

Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great time to establish one. A SEP has high contribution limits and is simple to set up. Best of all, there’s still time to establish a SEP for 2017 and make contributions to it that you...

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February 23, 2018

Smart Strategy Steven F. Klein And Steven A. Moses | Gerson Preston Recovering from Disaster ENSURING A HOTEL’S INSURANCE CLAIM COVERS ALL THE BASES DESTRUCTIVE EVENTS ARE A GIVEN IN THE HOTEL BUSINESS. After attending to the safety of guests and staff , a hotelier’s next priority should be to assess the extent of the damages and start the process of recovering lost income. Hoteliers routinely protect against significant loss...

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February 20, 2018

The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be more concerned about the April 17 filing deadline, or even the extended deadline of October 15 (if you file for an extension by April 17). After all, why go through the hassle of filing your return earlier than you have to? But it can be a good idea to file...

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February 13, 2018

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and Jobs Act has reduced or eliminated some tax breaks for businesses. Two still-available tax credits are especially for small businesses that provide certain employee benefits. 1. Credit for paying health care coverage premiums The Affordable...

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February 09, 2018

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. 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. January 31 File 2017 Forms W-2, “Wage and Tax Statement,” with the Social Security Administration and...

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February 08, 2018

Charity Funds Take Off as Tax Law Reshapes Giving | Gerson Preston https://www.wsj.com/articles/charity-funds-take-off-as-tax-law-reshapes-giving-1517502089

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February 07, 2018