The Tax Lawyer Blog: Topical thinking from the lawyers at Moskowitz, LLP

KPIs In the Restaurant & Hospitality Industry

Posted on July 24, 2023October 26, 2023 by Moskowitz LLP Business Law,

Being a restaurateur isn’t just a business, it’s a passion. And what sets excellent operations apart from those that are merely good is more than the cuisine or a friendly smile. It’s the ongoing drive to improve and to grow. Where would you like to see your business in five...

Tax-Loss Harvesting: How Your Investment Losses Can Work for You

Posted on July 10, 2023October 26, 2023 by Moskowitz LLP Tax Advisory & Consulting,

If you invest in stocks, precious metals, or cryptocurrency, your assets could become the victim of an increasingly fickle market. Market volatility can be a heart-breaker, even for the savvy investor. That’s why maintaining a robust and diversified portfolio is important. So how can you use your portfolio’s weakest stocks...

How and Why to Invest in Real Estate Using a Self-Directed IRA

Posted on June 26, 2023October 26, 2023 by Moskowitz LLP Real Estate Law,

Make Your Self-Directed Ira the Gateway To Real Estate Investing! Savvy investors know where their money will generate the greatest return. Many use individual retirement accounts (IRAs) as alternate investments to diversify their portfolios while lightening their tax burden. But traditional IRAs have restrictions, among them a rule that forbids...

How To Prepare and What to Bring to Your Employee Retention Credit (ERC) Consultation

Posted on June 12, 2023May 6, 2024 by Moskowitz LLP Distressed Business/COVID-19,

Since the onset of the COVID-19 pandemic, businesses have been hard-hit by government orders, reduced foot traffic, absenteeism, and supply chain issues. The CARES Act has sought to offer some relief to struggling businesses still reeling from the effects of the pandemic. One such lifeline is the Employee Retention Credit...

Reminder: Did you Claim your Employee Retention Credits?

Posted on May 29, 2023May 6, 2024 by Moskowitz LLP Distressed Business/COVID-19,

Reminder: Did you claim your Employee Retention Credits? During much of 2020 and 2021, you may have qualified for the Employee Retention Credit (ERC). With the ERC, you could receive payments of up to $26,000 per qualified employee. For example, with 10 qualified employees, that's a check of up to...

Common Human Resources and Employment Related KPIs

Posted on August 10, 2022August 19, 2022 by Moskowitz LLP Business Law,

Managing people successfully requires a specific set of skills and tools. Today’s human resources managers need to locate and recruit top talent while assessing factors such as employee engagement, productivity, and employee turnover rate. Key performance indicators (KPIs) provide a set of essential metrics that let HR managers quantify and...

Cryptocurrency: Taxing NFTs

Posted on August 4, 2022August 16, 2022 by Moskowitz LLP & Amelia Hans, Cryptocurrency Tax Assistance,

NFTs (Non-Fungible Tokens) have been around since 2014 (around the time the IRS started taxing cryptocurrency), but people only really started to notice them after the shocking sale of “Everydays: The First 5000 Days” on March 11, 2021 to Vignesh Sundaresan. “Everydays” made history as the first NFT sold at...

Cryptocurrency: Short-Term and Long-Term Capital Gains

Posted on August 4, 2022August 16, 2022 by Moskowitz LLP & Amelia Hans, Cryptocurrency Tax Assistance,

The first international cryptocurrency transaction occurred in 2010. Laszlo Hanyecz of Florida posted on a Bitcoin forum that he would pay 10,000 Bitcoins to anyone willing to have two large Papa John’s pizzas delivered to his house. A man from London took Laszlo up on his offer and had two...

Cryptocurrency: Understanding Taxable and Non-Taxable Events

Posted on July 28, 2022August 8, 2022 by Moskowitz LLP & Amelia Hans, Cryptocurrency Tax Assistance,

The first major use of cryptocurrency was through a dark-web marketplace called Silk Road that allowed people to buy and sell illicit drugs anonymously with Bitcoin. The marketplace operated for less than three years - generating $1.2 billion in profits - before it was seized and shut down by the...

Important Tax Deadlines for the Third Quarter of 2022

Posted on July 27, 2022August 4, 2022 by Moskowitz LLP Tax Preparation & Accounting,

Whether you’re a head of household filing taxes for your family or the owner/operator of a business filing for your company, missing tax deadlines can quickly add up to an expensive headache. The IRS can hit late filers with interest and penalties that mount up over time. The best way...

KPIs for Medical and Dental Practices

Posted on June 28, 2022July 28, 2022 by Moskowitz LLP Business Law,

This post follows our previous article on Key Performance Indicators and is part of our ongoing content for our business advisory services group. This one focuses on medical and dental practices. Your medical or dental practice is more than a business—it’s a community resource. Protecting that resource and ensuring the...

Understanding Tax Credits for Businesses and Individuals

Posted on June 22, 2022July 27, 2022 by Moskowitz LLP Tax Planning & Compliance,

Whether you file federal income taxes as an individual or on behalf of your business, a basic understanding of the tax landscape and its rules can help save you money and prevent potentially costly IRS action. Tax credits, for example, offer you the opportunity to reduce your tax obligation. Knowing...

Tax Lawyer Blog

It starts with a conversation. Tell us about your needs.

It starts with a conversation.
Tell us about your needs.