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GLENMONT (518) 461-1637 | GREENVILLE (518) 966-5088

15
Sep

Many small businesses may qualify for the office in home deduction, which is available to both homeowners and renters. In order to take this deduction, the taxpayer must have a designated portion of their house that is used exclusively for their business. This area must be the principal place of business or where they regularly […]

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18
Apr

The annual gift tax exclusion for 2015 & 2016 allows an individual to give away $14,000 to an unlimited amount of people free of federal tax consequences. Owing a gift tax is not a common concern for many taxpayers. The federal limit is $5.34 million, however just because you may not have to pay a […]

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15
Nov

The IRS can help you look after your kids… sort of. Child care expenses can be a major part of a families’ budget, especially in the summer when the kids are out of school. Parents are able to alleviate some of the costs associated with child care through a non-refundable credit that offsets tax liability […]

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