The Bottom Line
The Bottom Line is where Klatzkin’s advisors provide analysis and insight into key developments in taxation, accounting, and other issues and how they affect businesses and individual taxpayers.

Signs it Might Be Time to Change Accountants

Tax

The end of the year is a time of review and evaluation for many business owners. It’s an excellent time to review company sales performance, new product/service development, customer retention, and production efficiency.

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Cost Segregation Studies Just as Significant Post-Tax Reform

Tax

Many Hamilton businesses were excited when the Tax Cuts and Jobs Act of 2017 (TCJA tax reform) was passed into law. The changes resulted in significant tax savings for many companies.

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Fraud: Is Your Independent School Safe?

Nonprofits

Fraud can happen anywhere, and administrators in independent schools are often unaware that it is happening because they are not looking for it. Some common types of fraud committed in schools include, but are not limited to, conspiring with outside vendors to provide kickbacks, misuse of school-issued credit cards, and theft of equipment and other property.

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Year-End Tax Planning for Individuals

Tax

Tax planning never truly ends, but with the end of the year drawing near, it’s a great time to take a step back and make sure you’re on the right track. This year it’s especially important. The Tax Cuts and Jobs Act (TCJA) went into effect in 2018, making this recent filing season the first under the new tax regime.

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The Language of Endowment Funds for Independent Schools

Nonprofits

Independent schools (K-12) face many of the same challenges as private colleges and universities in the U.S. including declining or flat enrollments, increasing tuition costs, and escalating operating costs. As a result, fundraising and endowment management are increasingly more important for independent schools to attract and retain students.

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15 Signs That You Need a New Accountant

Manufacturing, Nonprofits, Tax

Discover 15 signs that you might need to look for a new accountant – or at the very least review the quality of the service and advice they provide to your business.

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Gift Tax and Estate Tax – Are They the Same Thing?

By JAMES EMMA

Estate Administration, Gift Tax, Tax

In the United States, transfers of wealth are subject to tax. When transferred during the giver’s lifetime, wealth is subject to gift tax, but when transferred after death, it is subject to estate tax.

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Event Recap: Does Your Nonprofit Organization Have UBTI?

By AL MUELLER, CPA

Nonprofits

On Thursday, October 24, 2019, Klatzkin Manager Michelle Martin, CPA, presented “Does Your Nonprofit Organization Have UBTI (Unrelated Business Taxable Income)?” at an in-house breakfast briefing to discuss the complex income rules.

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Does Your Estate Plan Protect Your Digital Assets?

Estate Administration

Each year presents a new opportunity for you to revamp your estate plan. When the calendar turns over, take a peek at your strategy once again.

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New Jersey Manufacturers Face Continued Challenges

Manufacturing

Manufacturers are struggling with attracting and retaining labor, increasing raw material costs and changing economic conditions. The survey findings provide excellent insight into what industry companies may expect to experience in the coming months.

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