Click here to download the 2023 Year End Tax Letter in PDF form. To our Clients and Friends: The year is winding down and now is a good time to consider steps to cut your 2023 tax bill while there’s still time. Here are some planning strategies to consider for both businesses and individuals,...
To our clients and friends, The Corporate Transparency Act (“CTA”) was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwise known as “BOI”) of certain entities from people who own or control a company. It is anticipated that 32.6...
Saint Louis, MO — The accounting, tax and consulting firm, Abeles and Hoffman, P.C., is pleased to announce the promotion of Brad Indelicato, CPA, ABV, CVA to the position of principal. “This remarkable individual, with his exceptional talent and unwavering commitment, has achieved a significant milestone in his career. Indelicato should take immense pride in...
Abeles and Hoffman, P.C., is pleased to announce the promotion of Andrew Dorn, CPA, to the role of supervisor in the tax department. A member of the firm since 2017, Andrew previously held the role of senior tax associate. “I am honored to offer congratulations to Andrew on this well-deserved promotion,” said Ron Abeles, CPA,...
Click here to download the 2023 Mid-Year Tax Planning Letter in PDF form. To Our Clients and Friends: The less hectic summer season is a good time to consider steps to cut your 2023 tax bill. Here are some planning strategies to consider, assuming our current federal tax regime remains in place through...
Dear Client: In late December while most practitioners and their clients were busy with other things, Congress was passing a giant omnibus budget bill. Buried within it was the Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022 (SECURE 2.0), which contains many retirement (and some other) changes that practitioners and their clients...
We are excited to announce that the Abeles and Hoffman 2022 Year-End Tax Planning Letter is now available! In this annual letter, our tax professionals offer a variety of strategies for individuals and businesses that account for both time-honored tax planning methods and recent changes to tax laws. This year’s letter covers the following areas:...
The accounting and consulting firm, Abeles and Hoffman, P.C. is pleased to announce the addition of Danielle Jones to their professional team. Jones joins the firm as a senior tax associate. In this capacity, she is responsible for providing tax compliance and advisory services for corporations, partnerships, trusts, and individuals. A professional in the accounting...
We are excited to announce that the Abeles and Hoffman 2022 Mid-Year Tax Planning Letter is now available! In this letter, our tax professionals offer a variety of strategies for you to consider in 2022 that account for both time-honored tax planning methods and recent changes to tax laws. This letter covers the following topics:...
For certain discretionary trusts, distributions paid within 65 days after year end can, with the trustee’s election, be treated in whole or in part as if paid in the previous year. This election is referred to as the “65-day rule.” Making beneficiary distributions under the 65-day rule may allow for significant tax savings due to...