Tax - Herman & Co. CPA

Clinton, Trump Restate Tax Policies In Final Debate

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Tax-News On October 19th, in their third and final debate before the US election, Republican candidate Donald Trump and Democratic candidate Hillary Clinton restated their widely different tax policies, without…

Employers face deadline to claim tax credit for new hires

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! The Work Opportunity Tax Credit, or WOTC, gives employers a tax reason to hire people who’ve had a hard time finding work. But like most tax matters, the WOTC comes with deadlines.…

Misplaced decimal means big property tax bills

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! Remember that tax tip about double checking your math before submitting your return? It applies to tax agencies, too. A misplaced decimal by Jupiter, Florida, tax officials prompted a panic by…

Senate OKs tax break for Olympic medalists

By Bankrate Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! With the 2016 Summer Olympics starting this week in Rio de Janeiro, members of Congress are again doing their version of the “USA, USA” chant. They’ve introduced legislation that…

Don’t miss foreign account tax-reporting deadline

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate Tax attention this time of year obviously focuses on the annual rite of filing returns. But just as important to the IRS are the filings by people with foreign financial…

US Pass-Throughs Set Out Tax Reform Wish List

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Tax-News The Parity for Main Street Employers business coalition has issued a new letter that calls on the US Congress to enact tax reform “that is comprehensive, restores tax rate…

New Pennsylvania lottery tax proposed

Westchester NY accountant Paul Herman of Herman & Company CPA’s is here for all your financial needs. Please contact us if you have questions, and to receive your free personal finance consultation! By Bankrate.com I have my Mega Millions ticket for tonight’s May 19 lottery drawing. If I don’t win that — OK, when I don’t win — I’ll pick up a Powerball…

Filing Status Implications

Westchester tax preparation Herman & Company CPA’s has all the answers to your personal finance questions! For married taxpayers, the implications of filing a joint or separate return extend beyond tax rates and the standard deduction. Like many aspects of income taxation, there is usually more than one approach to finding the optimal solution. We…

Selling Your Home

Tax preparation firm Herman & Company CPA’s in Westchester, NY has all the answers to your personal finance and tax questions! If you sold your main home, you may be able to exclude up to $250,000 of gain ($500,000 for married taxpayers filing jointly) from your federal tax return. This exclusion is allowed each time…