Tax Warrior Chronicles

VLOG - Tax Tips for Law Firm Partners

Posted on Mon, Jan 27, 2020

By: Irina Moyseyenko, CPA, MT

 

In our first vlog of 2020, Irina Moyseyenko, CPA, MT, gives three (3) important tax and cash-flow planning tips for newly dubbed law firm partners.  The way you are now paid is different and you need to plan accordingly. Click on the image to view. 

 

 

 

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The Tax-Savvy Bryce Harper Deal

Posted on Mon, Mar 18, 2019

By: Zach Hizer

 

As the world now knows, Bryce Harper is a Philadelphia Phillie. The former MVP and six-time All-Star agreed on a 13 year, $330M deal – the richest contract in Major League Baseball (MLB) history. Other offers came from the San Francisco Giants and Los Angeles Dodgers, both of which hail from California, land of the 13.3% state income tax. In today’s blog, you’ll see the differences the PA and CA tax rates create, and how many millions Harper gets to keep by signing with Philadelphia.

 

The Giants offered $310M over 12 years and the Dodgers offered $168M over four years. Though both offers were incredibly lucrative, the IRS and California would have taken big handfuls of

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CA State Treasury to the Philadelphia Eagles: “THANK YOU!”

Posted on Fri, Dec 08, 2017

By: Joseph Criscuolo

 

Despite their 24-10 loss to the Seattle Seahawks this past Sunday night, the Philadelphia Eagles are still only one win away from capturing their first NFC East division crown since 2013. At 10-2, the Eagles are still tied for the best record in the NFL. They will still make the playoffs, and possibly even capture a first-round bye if all goes well. Carson Wentz is still one of the best quarterbacks in the league this season and a deserving candidate for the NFL’s Most Valuable Player award.

 

Still, this loss to Seattle has left some Eagles’ fans with legitimate concerns. Do the Eagles have the experience for a January playoff run? Can this team win if Wentz doesn’t

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NJ Considers Rate Changes for Composite Tax Returns

Posted on Fri, Aug 23, 2013

 

The New Jersey (“NJ”) Division of Taxation (“The Division”) recently announced it is considering changing the tax rates that apply to composite tax returns. Any change in tax rates will be applied for tax years beginning on or after January 1, 2013.  The Division noted that any prospective change in policy will be posted on its website.  We will update our readers if any announcement is made in this regard.

 

Background

Current NJ law provides that the tax due on a composite tax return is calculated using the highest gross income tax rate in effect for single taxpayers for the tax year for which the composite return is being filed (8.97% in 2010-2012) if NJ sourced income is greater

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