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Publications

Thursday, December 13, 2018

DOL Pitches Auto-Portability Program to Preserve Retirement Savings

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The U.S. Department of Labor (DOL) is advancing a proposal that would enable 401(k) plan sponsors to automatically transfer account balances up to $5,000 of former participants who have left the company. The amounts would be transferred to the 401(k) plan of an employee’s new employer. Assets transferred using this “auto portability” approach would make an […]

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Thursday, December 13, 2018

Overview of Real Estate Depreciation Changes

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The Tax Cuts and Jobs Act (TCJA) included several favorable changes to the federal income tax depreciation rules for real estate. However, one intended change didn’t make it into the statutory language, and there are some potential pitfalls to avoid. Here’s what real estate investors need to know. READ MORE

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Thursday, December 13, 2018

Disability Discrimination Claims May Be Teachable Moments

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The scope of employment discrimination banned by the Americans with Disabilities Act (ADA) is sweeping. According to the Equal Employment Opportunity Commission (EEOC) which enforces the ADA, the law covers “any aspect of employment, including hiring, firing, pay, job assignments, promotions, layoffs, training, fringe benefits or any other term of condition of employment.” Two cases illustrate […]

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Friday, December 7, 2018

FCC Ranks Nationally for Best Accounting Firms for Women!

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We are so honored to have made Accounting Today’s Best Accounting Firms for Women. FCC has made the national list, ranking in at #7! The Best Firms for Women: Building new networks of support   Excerpt from above article: Fust Charles Chambers believes in firms taking “a proactive approach if you want to retain professionals […]

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Tuesday, December 4, 2018

Estate Tax Planning Tips for Single People

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Estate planning is an important part of your overall wealth management strategy, especially if you’re unmarried. Single parents may worry about who will care for their minor children and whether their surviving kids’ financial needs will be met until adulthood. Likewise, wealthy single people have less flexibility when it comes to shielding transfers from gift and […]

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Tuesday, December 4, 2018

Tax Cheer for Holiday Gifts to Employees

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With the holidays fast approaching, you might want to reward your employees for all their hard work in 2018. Gift-giving ideas include gift cards, holiday turkeys and achievement awards. Although your intent may be essentially the same in all these situations, the tax outcome for recipients of your goodwill may be quite different. Typically, it depends on the […]

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Tuesday, December 4, 2018

Estate Tax Planning Tips for Married Couples

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For married people with large estates, the Tax Cuts and Jobs Act (TCJA) brings welcome relief from federal estate and gift taxes, as well as the generation-skipping transfer (GST) tax. Here’s what you need to know and how to take advantage of the favorable changes. READ MORE

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Tuesday, November 20, 2018

IRS Ups the Ante on Retirement Contributions

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Every year, the IRS releases cost-of-living adjustments to qualified retirement plan amounts. For tax year 2019, many of the limits applicable to pensions and other retirement plans will increase. But some will remain unchanged from 2018. READ MORE

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Tuesday, November 20, 2018

4 Year-End Strategies to Lower Your Personal Tax Bill

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The countdown to year end has begun. Have you positioned yourself to minimize your 2018 tax bill? The Tax Cuts and Jobs Act (TCJA) made sweeping changes to the federal tax laws that will affect virtually all individual taxpayers — and most of those changes went into effect for this tax year. Here are four tried-and-true […]

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Tuesday, November 20, 2018

Are You Eligible for the New Dependent Credit and HOH Filing Status?

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The IRS continues to publish guidance to clarify provisions of the Tax Cuts and Jobs Act (TCJA). Here’s what you need to know about qualifying for the new $500 tax credit for dependents and beneficial head of household (HOH) filing status based on having a non-qualifying-child dependent. READ MORE

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