Bromberg & Liebowitz

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

How Firms Should Respond to IT Threats

A phenomenon called shadow IT affects businesses in every industry, but as common as it is it also represents a significant risk to your firm and clients.

When you should hire an accountant

Not sure when to hire an accountant? Read more via @Xero #smallbiz guides

Is it Time to Hire an Accountant? 5 Signs to Look Out For

Not sure if it's time to hire an accountant for your business? Working with a professional can help with business growth, taxes, and more.

Here’s why your tax return may be flagged by the IRS

There are several reasons why your tax return may get flagged or audited by the IRS. Here’s how to avoid IRS scrutiny and processing delays.

10 Questions To Ask Your CPA

If you are hiring an accounting or tax and business firm, it should go without saying that you have a CPA involved in looking over all of the work. However, not all accounting firms are created e…

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

Baloney Meter: Does The Income-Splitting Plan Only Benefit 15% Of Canadians?

5 Common Filing Errors To Avoid On Your Taxes

Whether you do your own taxes or you pay an accountant to help you, there are lots of very easy mistakes that many people make on their tax returns every year. Here are five of the most common tax mistakes that people make.

Still need to file taxes? Here’s what you need to know

Whether residents plan to get to their taxes this week, or need put them off a little further by filing for an extension, KOIN 6 News has compiled a list of last-minute tax tips from the Oregon Dep…

Your roundup of deductible miscellaneous expenses

What do you call those deductible expenses that don’t fit squarely into any other category? The IRS refers to them as “miscellaneous” expenses. If you qualify, you can deduct the excess above 2 percent of your adjusted gross income (AGI)…Read more →

How To Calculate Mileage Deduction with Personal Stop

Most of us mix business and personal errands. Learn how to calculate the mileage you need when drives include a personal stop.

Writing Off Medical Expenses as a Tax Deduction

Want to lower your income taxes by writing off your medical expenses? Here's what you need to know about the tax deduction for medical expenses.

Sold a Home? Don't Miss These Tax Deductions

The tax code has seen some changes in recent years, but the sale of your home can still net you some savings when it’s time to file with the IRS. Here’s a rundown of the deductions.

Late friend's beneficiary probes tax consequences

How To Deduct Your Home Office On Your Taxes

At the start of the pandemic, the number of people working from home increased significantly—but not all of them will qualify for the home office deduction.If you are self-employed or a partner, which is an owner in a partnership and primarily work from home, you may be able to take a deduction

Don't know if you qualify for 20% pass-through deduction? You're not alone

Trying to figure out who qualifies for the deduction — and who doesn't — is proving to be a monumental challenge.