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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...
Read moreAre 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...
Read moreSmart 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...
Read moreThe 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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