Articles

R&D Tax Credits for Small Companies

R&D Tax Credits for Small Companies Just as individuals get a dollar-for-dollar tax savings from tax credits, the same is...

Small Companies Can Do Well While Doing Good

The federal Small Business Administration reports that about 75% of small business owners donate some portion of their profits to...

Solo 401(k) Plans for Companies Without Employees

Among major corporations, 401(k) plans have become common, but even the smallest of businesses can have a 401(k) plan for...

Investing in Gold Can Be Taxing

Investment asset classes include precious metals, especially gold.  Enthusiasts cite several reasons for including gold in a diversified portfolio.  If...

Dealing With an IRS Audit

IRS data indicate that fewer than 1% of all individual income tax returns are audited each year.  That's true, but...

Tax Court Approves 100% Business Meal Deduction

Many business owners, self-employed individuals, and other taxpayers are aware that business meals and entertainment expenses are only 50% deductible....

Tax Credits Beat Tax Deductions

Many people prize tax deductions.  The promise of a deduction can affect decisions in many areas, including charitable contributions, home...

Year-End Retirement Tax Planning

If your company sponsors a 401(k) plan, your employer may offer a match.  Make certain that you're contributing at least...

Year-End Business Tax Planning

IRC Section 179 permits "expensing," or first-year tax deduction, of outlays for business equipment that otherwise would be recovered through...

Year-End Tax Planning for Charitable Donations

Some surveys indicate that more than 30% of all charitable giving occurs in December, and that over 10% of donations...

Uncertainty Hampers Year-End Tax Planning

As of this writing, year-end tax planning is clouded by questions about federal legislation.  President Trump and many members of...

Ron Grodzinsky Presents to ACEC/MD

Ron Grodzinsky, Director of Engineering and Architecture Industry Group, of Rowles & Company, LLP presented Accounting Systems and Recordkeeping for...

How To Save Clients Taxes On 401(k) RMDs

Rowles' own Joe Musumeci was asked for retirement tax planning ideas for an article in Financial Advisor magazine. Check out...

New IRS Ruling May Rescue Estate Plans

President Trump's campaign promise to abolish the federal estate tax may or may not be realized.  Meanwhile, the so-called "death...

Foreign Stock Funds Can Be Doubly Taxing

Many U.S. investors hold foreign stocks.  One of many advantages to holding foreign stocks is diversification because some foreign companies...