Damon Delcoro – Page 3 – Romano & Associates

Navigating the Risks of Check Fraud

Although digital transactions are growing exponentially, check fraud remains a persistent threat to you and your business. The Federal Reserve processed just over 19 billion paper checks in 1993, compared to 3.4 billion in 2022. While…

By Damon Delcoro

Accountant Near Me

Do’s and Don’ts for Business Expense Deductions

As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is through business expense deductions, but not…

By Damon Delcoro

Accountant Near Me

Can You Claim Your Parent as a Dependent?

If you pay over half the cost of supporting a parent, your parent is considered your dependent for federal income tax purposes. This treatment potentially entitles you to some significant tax breaks. Here are four potential…

By Damon Delcoro

Accountant Near Me

How Employer-Issued ISOs May Affect Your Taxes

Employer stock options are a potentially valuable asset for recipient employees, especially those who work for start-ups or high-growth companies. For example, many Silicon Valley millionaires reaped sizable windfalls by exercising their employer stock options. Here’s…

By Damon Delcoro

Accountant Near Me

The SECURE 2.0 Act

The SECURE 2.0 Act, enacted late in 2022, creates new tax-saving opportunities for retirement savers — in some cases, with assistance from employers. Several provisions already kicked in during 2023, while others have made their debut…

By Damon Delcoro

Accountant Near Me

Tax Breaks for Employer-Paid Education Expenses

Is your business struggling with a shortage of skilled workers in today’s tight labor market? One possible option is to invest in education programs to upskill your current employees. This strategy can help bridge the skills…

By Damon Delcoro

Emerging Articles

IRS Issues Proposed Regs On Business Interest Expense Deductions

In April 2018, the IRS released temporary guidance on the amended limit on deductions for business interest expense for tax years beginning in 2018. Taxpayers were allowed to rely on that guidance while waiting for…

By Damon Delcoro

General

What Do The 2019 Cost-Of-Living Adjustments Mean For You?

The IRS has announced its 2019 cost-of-living adjustments to tax items that might affect you. Many of the amounts increased to account for inflation, but some remained at 2018 levels. As you implement 2018 year-end…

By Damon Delcoro

General

Act Now To Cut Your 2018 Tax Bill

The Tax Cuts and Jobs Act (TCJA) created more than 100 new tax provisions — a staggering thought as you begin to prepare for the next filing season. The good news is that these and…

By Damon Delcoro

General

IRS Proposes Regulations For Opportunity Zone Tax Incentives

The Tax Cuts and Jobs Act (TCJA) includes a provision that Secretary of the Treasury Steven Mnuchin said should lead to $100 billion in capital investments in distressed areas. The provision allows taxpayers to defer…

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Author: Damon Delcoro

Navigating the Risks of Check Fraud

Do’s and Don’ts for Business Expense Deductions

Can You Claim Your Parent as a Dependent?

How Employer-Issued ISOs May Affect Your Taxes

The SECURE 2.0 Act

Tax Breaks for Employer-Paid Education Expenses

IRS Issues Proposed Regs On Business Interest Expense Deductions

What Do The 2019 Cost-Of-Living Adjustments Mean For You?

Act Now To Cut Your 2018 Tax Bill

IRS Proposes Regulations For Opportunity Zone Tax Incentives

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