BY DYLAN SKRILOFF Manhattan Borough President Scott Stringer wants to reinstate discriminatory 0.45% income tax on Rocklanders working in New York City At the behest of the Metropolitan Transit Authority, insular leaders in New York City have floated the idea of reinstating a long-repealed discriminatory tax against workers who live outside the five boroughs. Manhattan […]

Your Tax Dollars Circling the Drain

BY DIANE DIMOND What if your boss decided to reward you and your fellow workers with an all-expenses-paid getaway? Wouldn’t that be great? You could stay in a nice hotel and spend some quality time networking with your colleagues, and in the evening you could enjoy cocktails and special entertainment and indulge in expensive dinners. […]


Product vs. Process BY CHRIS HANLY Investment Consultant, Gary Goldberg Financial Services As the first quarter of 2012 comes to a close, I’ve been meeting with clients regularly to review their portfolios and discuss our results. Needless to say, there’s been a fair amount of smiling and sincere thanks. While we will certainly pat ourselves […]

Taxable or Non-Taxable Income?

IRS Tax Tip 2012-25 Although most income you receive is taxable and must be reported on your federal income tax return, there are some instances when income may not be taxable. The IRS offers the following list of items that do not have to be included as taxable income: Adoption expense reimbursements for qualifying expenses […]

When a person leaves or loses a job

These 10 planning considerations can help you manage finances through periods of unemployment.     ORIGINALLY PUBLISHED BY THE JOURNAL OF ACCOUNTANCY BY MICHAEL J. ALOI Given the continued weakness in the economy and an unemployment rate still above historic norms, now is a good time to review the financial planning issues clients face when […]