Braver » Media Coverage

Choice of Entity

heather — Wed, 01 Feb 2012 20:19:59 +0000

You’ve researched for hours, brainstormed for months, bounced ideas off family and friends and ran the numbers. You’re excited. You’re ready to launch your own business. Now what? Start with your plan, add advice from professionals, and sprinkle in some collaboration with your peers to lay the proper foundation for success your first year and many more to come. We hope that our monthly contributions in these pages will help you navigate your venture through its infancy and position yourself to realize the satisfaction and rewards of business ownership.

One decision you will face as a business owner is selecting the form of legal entity in which to conduct operations. While we’ll focus primarily on tax treatment in the discussion below, you’ll want input from a variety of perspectives – legal differences, insurance matters, investors and financing, etc. – so, be sure to get your team of advisors together when making this evaluation. Also, while this is an important decision, keep in mind that there is no one perfect entity type; so, if and when conditions change, your entity choice can be amended. Your goal is to make the most appropriate choice based on what you know today and conditions you expect over the next three to five years.

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by James D. Wilkinson, CPA/CITP

Posted on: February 1, 2012

Seller Beware – States Expand Nexus Standard for Online Sellers

heather — Thu, 12 Jan 2012 16:11:19 +0000

We’ve all read that state treasuries continue to be hit hard by decreasing tax collections and pressure from increasing costs of services. Meanwhile, Internet sales continue to take a larger slice of the total retail sales market. Forrester Research predicts that online retail sales will grow to almost $250 billion in 2014, or 8 percent of total U.S. retail sales. In 2009 online sales amounted to $155 billion, or 6 percent of total U.S. retail sales.

With these two trends in place, none of us should be surprised that taxation of online sales is getting more and more attention in state legislatures around the country. What began in New York in 2008 has now escalated to half a dozen more states enacting laws to treat certain online sellers as taxable vendors. And at least another nine states have or will consider such legislation in 2011. This article will review the business arrangement that states are attacking, outline the provisions of the statues that most states are adopting, highlight new developments around this topic, and offer suggestions for how to advise clients that sell products online.

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by Peter Harris, CPA

Posted on: January 12, 2012

Why You Should Take Another Look at Your 1040

alisonsimons — Fri, 10 Jun 2011 14:18:29 +0000

Debbie Mitchell, principal at Braver PC, talks about common errors in 1040 preparation and how to prevent them for the future in an article published in the American Institute for CPA’s newsletter publication, cpa2biz.

During the course of reviewing 1040s, reviewers are most likely finding common errors in the 1040 preparation. These issues should be noted for purposes of future training sessions. In addition, there are numerous areas in which tax planning comes into play. A few of these 1040 issues are briefly described in the article below.

Read the full article: Why You Should Take Another Look at Your Client’s 1040

Published on: June 10, 2011

Small Employer Health Insurance Premiums Credit

alisonsimons — Fri, 15 Apr 2011 17:13:57 +0000

Debbie Mitchell, principal at Braver PC, talks about Small Employer Health Insurance Premiums Credit in an article published in the American Institute for CPA’s newsletter publication, cpa2biz.

Limitations divulged! The credit for health insurance premiums is a welcome relief for small employers because of the high costs of these premiums. However, there are limitations.

Read the full article: Small Employer Health Insurance Premiums Credit

Published on: April 15, 2011

What is the Kiddie Tax?

alisonsimons — Tue, 15 Mar 2011 15:07:56 +0000

Debbie Mitchell, principal at Braver PC, talks about the Kiddie Tax in an article published in the American Institute for CPA’s newsletter publication, cpa2biz.

“What constitutes a “Kiddie”? Is it a five-year old, a 10-year old or even a 15-year old? Actually, a full-time student can be considered a kiddie until the age of 23.”

Posted on: March 15, 2011

No More Tapes, Now What?

alisonsimons — Wed, 19 Jan 2011 21:13:34 +0000

“For years the tape drive has been the mainstream in backup solutions. Tapes were always the least expensive and most portable solution for transferring large amounts of data.”

Posted on: January 19, 2011

SumNews Member Spotlight: Dennis Pellecchia

alisonsimons — Mon, 10 Jan 2011 14:49:42 +0000

Dennis Pellecchia, Chairman of the Board, featured as the “Member Spotlight” in MSCPA’s SumNews – Winter issue.

Posted on: January 10, 2010

Financial Insight Newsletter: Fall 2010

alisonsimons — Wed, 20 Oct 2010 18:36:19 +0000

Why staying the course no longer works

alisonsimons — Tue, 12 Oct 2010 18:00:08 +0000

An article written by David J. D’Amico, President of Braver Wealth Management, was published in InvestmentNews online on October 10, 2010.

Posted on: October 12, 2010

Can Advisors Give Clients What They Demand?

alisonsimons — Fri, 08 Oct 2010 14:19:34 +0000

An article written by David J. D’Amico, President of Braver Wealth Management, was published in FA Mag on October 4, 2010.

Posted on: October 8, 2010