Giving Back 2018

Post Date: December 18, 2018

Each year, Frankel Zacharia works to ensure that as a company, they are giving back to the community in a variety of ways, especially so around the holiday season. This year, Frankel Zacharia brought together a collection of items in need for the Siena/Francis...

Best Accounting Firms to Work for!

Post Date: August 2, 2018

Accounting Today has awarded Frankel Zacharia with the 2018 Best Accounting Firms to Work for, which is awarded to only 100 firms in the country out of hundreds of participating firms. This award is earned largely in part from the results of an employee survey which...

Your Key Financial Numbers for the New Year

Post Date: November 14, 2017

As 2017 comes to an end, there are a few things to keep in mind regarding your financial life. Each year, the government makes some adjustments to key numbers, or decides to leave some of them as is. Click through for a quick rundown of...

The ins and outs of tax on “income investments”

Post Date: October 31, 2017

Many investors, especially more risk-averse ones, hold much of their portfolios in “income investments” — those that pay interest or dividends, with less emphasis on growth in value. But all income investments aren’t alike when it comes to taxes. So it’s important to be...

Retirement savings opportunity for the self-employed

Post Date: October 24, 2017

Did you know that if you’re self-employed you may be able to set up a retirement plan that allows you to contribute much more than you can contribute to an IRA or even an employer-sponsored 401(k)? There’s still time to set up such a...

2 ACA taxes that may apply to your exec comp

Post Date: October 17, 2017

If you’re an executive or other key employee, you might be rewarded for your contributions to your company’s success with compensation such as restricted stock, stock options or nonqualified deferred compensation (NQDC). Tax planning for these forms of “exec comp,” however, is generally more...

Accelerate your retirement savings with a cash balance plan

Post Date: October 10, 2017

Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning efforts. One solution may be...

“Bunching” medical expenses will be a tax-smart strategy for many in 2017

Post Date: October 3, 2017

Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed that floor (typically a specific percentage of your income). One example is the medical expense deduction. Because it can be...

Investors: Beware of the wash sale rule

Post Date: September 26, 2017

A tried-and-true tax-saving strategy for investors is to sell assets at a loss to offset gains that have been realized during the year. So if you’ve cashed in some big gains this year, consider looking for unrealized losses in your portfolio and selling those...

Why you should boost your 401(k) contribution rate between now and year end

Post Date: September 21, 2017

One important step to both reducing taxes and saving for retirement is to contribute to a tax-advantaged retirement plan. If your employer offers a 401(k) plan, contributing to that is likely your best first step. If you’re not already contributing the maximum allowed, consider...