Key Federal Income Tax Issues Associated With Rentals of Residences and Vacation HomesNovember 9, 2017
This article highlights and explains the key, but somewhat complex, federal income tax rules associated with rentals of residences and vacation homes. The rules discussed include the definition of what constitutes a residence or dwelling, how personal use of the residence by the taxpayer affects the tax treatment, what expenses are deductible against rental income, …
Doing More with the SameSeptember 6, 2017
By: William C. McNamara, CPA, CCIFP®, The Curchin Group, LLC Article Credit: Utility & Transportation Contractor Magazine Doing more with the same is one of the fastest ways to improve efficiency and profitability. In some form or fashion every contractor understands this premise as it relates to the job site. But the same principle can …
How to Build Value in Your Family BusinessAugust 16, 2017
By: Roy Kvalo, CPA/ABV/CFF, CVA Of course a family business owner wants their company to be valuable – to their family, their clients, and the community. And while the possibility of selling the business typically forces the owners hand in pinpointing its value, it makes sense to think about this now and periodically in the …
How Key Advisors Can Work Together to Benefit the Family BusinessAugust 10, 2017
If your family business has achieved any measure of success, you already know that it couldn’t be accomplished without the assistance of one or more trusted business advisors, such as an attorney or a CPA. To ensure continued success for the next generation and beyond, your key advisors should be called upon to work together …
Succession Planning for Construction ContractorsJuly 27, 2017
Construction contractors are among the hardest-working professionals in the workforce. Between the physical labor and the organizational demands of running your business, succession planning can easily fall by the wayside if you don’t make a concerted effort to plan for the future. The construction industry is also changing dramatically due to politics, adding yet another layer …
Local Charities Selected to Receive Proceeds from 12th Annual Curchin Open Indoor Miniature Golf TournamentJuly 3, 2017
The Curchin Group, LLC, a mid-sized, full-service accounting firm based in Red Bank, N.J., announced today that The Arc of Monmouth and Breast Intentions, two locally-based nonprofit organizations, will be receiving all proceeds from the firm’s 2017 annual indoor miniature golf tournament for charity, The Curchin Open. The event takes place indoors at Curchin’s office …
Become a Sponsor of the 12th Annual Curchin OpenJuly 2, 2017
Everyone’s favorite indoor miniature golf tournament is back for the 12th year! We are now seeking sponsors and prize donations to help make this year’s event a success! Register for a sponsorship online here or reach out to Blaise Furiato at 732-747-0500 or bfuriatio@curchin.com. Sponsorship Opportunities Support this year’s two charity recipients, Arc of …
Considerations for Family BusinessesJune 6, 2017
By: Lynn A. Conover, CPA, CFBA, The Curchin Group, LLC Article Credit: Shore Builders Association Bulletin Board Magazine Family businesses are found in virtually every sector of the world’s economies. In fact, they are considered the most common form of organization. A family business can range from a small mom and pop business to large …
1031 Exchange: What You Need to KnowMay 24, 2017
An April 2017 article in Financial Planning suggests that 1031 exchanges are becoming increasingly popular, thanks to a rise in property prices. As more property owners seek to take advantage of like-kind exchanges under IRS Code Section 1031, here’s what you need to know: Benefits of a 1031 Exchange A 1031 like-kind exchange allows …
Companies that Care: The Curchin Group named a “Champion of Good Works” by the Commerce and Industry Association of New Jersey (CIANJ)May 16, 2017
The Curchin Group was named a “Champion of Good Works” by the Commerce and Industry Association of New Jersey (CIANJ) at its Fourth Annual Chairman’s Reception, honoring the philanthropic efforts of the local business community. With over 40 sponsors, the widely-supported event catered to over 260 business executives in attendance at the gala reception at …