The Lighter Side of Accounting

The Lighter Side of AccountingDid you know 10 out of 9 accountants can’t count. You might be an Accountant if… You deduct Exlax as a “Moving Expense.” You wear a tie while cutting the lawn You cheer at more ...

Types of expenses peculiar to athletes

The following is a list of types of expenses peculiar to athletes: • Conditioning Expenses. An athlete is permitted to deduct expenses incurred in year-round physical conditioning, unless the activity in more ...

Why I Became a CPA, Vol. 4

We like to have fun at Preziosi Nicholson & Associates, and since it’s Friday we thought we’d share another round amusing “Why I Became A CPA” jokes. For the first more ...

AICPA Conference wrapup

These days, it seems the federal, state, and local governments are constantly reacting to one fiscal issue after another. Staying aware and informed on these key issues is the best more ...

AICPA National Governmental Accounting and Auditing Update Conference Preview

Preziosi Nicholson and Associates are currently attending the AICPA National Governmental Accounting and Auditing Update Conference in Washington, D.C. A brief description of what the AICPA is and does: "The American more ...

Save Money

Tips to Start Planning Next Year’s Tax Return

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IRS Tax Tip 2013-62, April 24, 2013 For most taxpayers, the tax deadline has passed. But planning for next year can start now. The IRS reminds taxpayers that ... more...

Four Tax Tips about Your Unemployment Benefits

If you received unemployment benefits this year, you must report the payments on your federal income tax return. Here are four tips from the IRS about unemployment benefits. ... more...

Business and Personal Use of Automobiles

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You use your car extensively for business, but do you get as much mileage out of your tax deductions? Taxpayers who use a passenger automobile, even a “luxury” ... more...

Financial Aid for the College Bound Student

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By Eugene G. Taormina, MS, CPA For years I have been helping my clients with college financial aid applications. Now for the first time, it is my turn ... more...

10 Questions to Ask Before Hiring an Accountant

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When it is time to look for an accountant, you want one who not only can help you save money and avoid potential trouble with the IRS, but ... more...

Unusual Tax Deductions

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PRIVATE PLANE?  Whether you can justify a private plane and treat the cost as a business expense depends on your circumstances, how much you use it, and more. ... more...

Types of expenses peculiar to athletes

The following is a list of types of expenses peculiar to athletes: • Conditioning Expenses. An athlete is permitted to deduct expenses incurred in year-round physical conditioning, unless ... more...

2013 mileage reimbursement rates from the IRS

2013 Standard Mileage Rates for Business, Medical and Moving Last Monday, The Internal Revenue Service issued that optional standard mileage rates for 2013 will increase by one cent ... more...

Did you know you can open a one-person 401(k)?

It’s true. Check out one of our recent newsletters for info on that as well as Social Security. PNA News August2012... more...

Check out our latest newsletter for Medicare and retirement tax tips!

Here’s our latest newsletter, with plenty of info on Medicare tax, retirement and more. Uploaded to Scribd for your convenience. Preziosi Nicholson & Associates news – September 2012 ... more...