Dannible & McKee, LLP is pleased to present the December issue of our Tax & Business Alert

Intrafamily loans can provide family members with financial support and encourage children to learn financial responsibility, all without diminishing one's "nest egg." But there are risks to consider. This article explains how an intrafamily loan should work and what to watch out for.
Use Capital Losses to Offset Capital Gains
When is a loss actually a gain? When that loss becomes an opportunity to lower tax liability, of course. This article discusses the tried-and-true strategy of using capital losses to counter the potentially costly impact of capital gains.

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Accelerating Your Property Tax Deduction to Reduce Your Tax Bill

Smart timing of deductible expenses can reduce tax liability, and poor timing can unnecessarily increase it. One deductible expense that taxpayers may be able to control is their property tax payments. This article examines the prospect of prepaying property taxes that relate to this year so they're deductible on one's 2018 taxes.

Is a PTO Contribution Arrangement Right for Your Business?

Many businesses find themselves short-staffed from Thanksgiving through December 31 as employees use, rather than lose, their remaining paid time off (PTO). One way to curtail this dilemma is a PTO contribution arrangement, whereby unused vacation hours are converted to retirement plan contributions. This brief article describes how such an arrangement might work.

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Featured Article from Our Experts

 
The Financial Accounting Standards Board (FASB) issued the updated standard for the Presentation of Financial Statements of Not-For-Profit Entities. Audit p artner  Charla A. Roth, CPA  explains the impact of the amendments in the update and how they will affect all Not-For-Profits and the users of the financial statements.

 
 
About Dannible & McKee, LLP
 
Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978.  Throughout this forty-year history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients and it's also the most significant way we can contribute to their long-term success.

 
To learn more about Dannible & McKee, visit us at: www.dmcpas.com

Dannible & McKee, LLP | reachus@dmcpas.com  | (315) 472-9127 | www.dmcpas.com
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