The IRS is catching up to the unreported income of Uber drivers and Airbnb hosts, and they are closing their tax loophole. The IRS recently unveiled a website, the Sharing Economy Resource Center, aimed at helping those in the “sharing” or “gig” economy meet their tax obligations. If you want to learn more, you can read the full article The...
Read MoreNew York area landlords and tenants need to understand the proper rules for security deposits in the state. With so much going on, it can be easy to overlook the basics. Learn eight security deposit laws every New York landlord must follow. Here are the 8 basic rules of New York’s Security Deposit Law: Maximum Security Deposit: No Limit Nonrefundable Deposit:...
Read MoreThe General Services Administration (GSA) has released the federal domestic per diem rates for fiscal year 2017. The IRS permits taxpayers to use these rates to substantiate business expenses under IRC Sec. 274(d) for lodging, meals, and incidental expenses incurred while traveling away from home. The maximum standard per diem rate has increased from $140 to $142...
Read MoreEver heard that if you invest in the stock market, you should be thinking long-term? Well 2016 got off to a rough start on the stock market. Find out how and why patience paid off for some 401(k) investors by reading the full article posted by Money magazine. Dan Kadlec, April 29,...
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JMA will again be supporting the Copter Drop Fundraiser to benefit Hospice and The Resource Center. If you are interested in joining JMA in supporting this event call (716) 485-4671 or (716) 366-1061, visit them on Facebook or scan the QR Code below using your mobile device. 1,000 golf balls will be dropped from a helicopter and $9,000 in prize money will be given...
Read MoreIf managing money were as easy as crunching some numbers and following a spending plan, we’d all be awesome at it. Money isn’t hard because of the math, it’s the psychology that trips us up. Our brains often work against us when it comes to financial decisions, but if you recognize these cognitive biases, you can overcome them. Find out what these cognitive biases...
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