The Cooperator: Letting it Slide...

Shareholder Jules C. Frankel was featured in this article that originally appearedJules Frankel  A4496678 in The Cooperator Magazine.

"It’s the same dilemma that single-family households across the U.S. are facing:  What bills need to be paid immediately and what bills can wait? And should we  stretch ourselves thin, taking more out of our bank accounts to pay for private  schools and that desperately needed vacation? Or should we cut back on  restaurants and renovations to put more into savings? The same goes for co-op  and condo buildings. While it may be tempting to delay payment on some bills,  or delay expenditures on maintenance or needed repairs, in the long run this  may end up costing far more than we ever realized."

Click here to read more.

Published: February 2013

The Economic Times: Missed to report a PFIC? Here's what Indian Americans can do

Shareholder Vinay S. Navani, CPA, MBA, MST Vinay 97984was featured in this article that originally appeared in The Economic Times.

(From "If you are an Indian American with investments in Indian mutual funds, the PFIC reporting is something you just cannot afford to miss. Foreign mutual funds in the US fall under the category of Passive Foreign Investment Company (PFIC) and must be reported on your income tax return in Form 8621. Form 8621 basically seeks to tax any notional, undistributed gains on your foreign mutual funds. This applies to US citizens, US residents as well as Green Card holders who have invested in foreign mutual funds."

Click here to read the full article.

The Star-Ledger: Delayed start to tax season no reward to early filers, accountants

Tax Manager Len Nitti was featured in this article that originally Len Nittiappeared in The Star-Ledger.

"For many early tax filers, that refund check is coming a little later this year.

It’s all thanks to the congressional wrangling over tax reform that kicked off 2013. Because of the last-minute compromise that led to the American Taxpayers Relief Act of 2012 – the law that kept the U.S. from falling off the so-called fiscal cliff in January – the Internal Revenue Service was forced to rush a number of unexpected fixes to its forms and internal systems to reflect the changes in tax code."

Click here to read the full article.

Community Trends: Hurricane Sandy Information for Condominiums, HOAs & Cooperatives

Shareholder Jules C. Frankel was featured in this article that originally appearedJules Frankel  A4496678 in Community Trends the Magazine of the Community Associations Institute.

First and foremost, all of us at Wilkin &Guttenplan want to express our sympathy and concern for all who have been impacted by Super Storm Sandy. Most of our team members were also affected by the storm, and many have been collecting items for donation and volunteering at shelters in order to aid in the recovery effort. We understand that only time can heal the wounds created by the storm, but working together we will come back, stronger than before.

Click here to read more. (Page 6)

Published: January 2013 


NJ Business Magazine: Employee Investments

Managing Shareholder, Edward Guttenplan, CPA, MBA, was featured in this Ed Guttenplan  A4496700article which originally appeared in NJ Business Magazine.

There are many things to consider when thinking about expanding your employee base. "You have to look at hiring from a long-term perspective, not short-term pressures." advises Ed Guttenplan, CPA, co-founder and managing shareholder at WIlkin & Guttenplan PC, East Brunswick. "Having a strategic plan for your company's growth will help you make the right staffing decisions."


The Star-Ledger: Fiscal Cliff Fix Won't Stop Jump in Social Security Tax

Len NittiTax Manager Len Nitti was featured in this article originally appeared in The Star-Ledger. 

The good news is that Congress's fiscal cliff fix keeps income tax rates from rising on the vast majority of Americans.

The bad news is that most Americans will end up paying higher federal taxes anyways.

That's because as part of the wrangling that produced Tuesday night's law to avoid both automatic tax increases and reductions in government spending, Congress also let expire a tax holiday for Social Security withholdings. For the past two years, most wage-earners have been paying only a 4.2 percent tax to Social Security. The new law does not extend that holiday, thus restoring the rate to 6.2 percent on wages up to $113,700.

Career Center

BestPlacesLogo2017cmyk Millennials Best Places logo Final  2017 IPA 300 WebACTBestFirms2017