Navolio & Tallman LLP Welcomes A New Partner

Navolio & Tallman LLP is very proud and pleased to announce the admission of Jeffrey C. Messerschmidt to the Navolio & Tallman LLP partnership, effective January 1, 2018. Jeffrey has been with the firm for over 8 years. He works closely with the firm’s business and individual clients across a range of industries, including real […]

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Navolio & Tallman LLP Welcomes Two New Partners

Navolio & Tallman LLP is pleased to announce that we have expanded our firm and enhanced our capabilities with the addition of Thomas J. Parry and Stanley M. Tolle as partners effective July 1, 2017. We will continue to operate the firm as Navolio & Tallman LLP. Our firm is always looking for ways to […]

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Year-End Planning for 2016

With 2016 nearing an end and a new president set to take office next year, now is the time to consider actions you can still take to maximize your tax savings for the year. There are many options available based on your unique tax situation, but here are a few interesting strategies to consider: Planning […]

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Tangible Property Regulations Effective Tax Year 2014

Background Historically, regulations have been unclear with interpreting when an expenditure made with respect to tangible property may be deducted as a repair expense or must be capitalized as an improvement and depreciated over time. In an attempt to clarify the rules, the IRS has finalized mandatory regulations, commonly referred to as the “repair regulations”, […]

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Announcing New Industry Service Line

As you may know, the Public Company Accounting Oversight Board (“PCAOB”) has authority over the financial statement audits of public companies and broker-dealers. CPA firms performing audits of public companies and/or broker-dealers are required to be registered with and subject to inspection by the PCAOB. In addition, registered investment advisors (“RIA”) with custody (or deemed […]

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Congress Approves Key Tax Extenders for 2014

Today, the President signed into law the Tax Increase Prevention Act of 2014 (“the extenders bill”), which retroactively extends for one year (through 2014) most but not all of the “tax extenders” that had expired after 2013. The key provisions that were extended through December 31, 2014 include: 50% bonus depreciation on new business assets […]

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Year-End Planning for 2014

With the end of 2014 quickly approaching, now is the time to consider actions you can still take to minimize your taxes. There are many options available based on your unique tax situation, but here are a few interesting ones to consider: Donate to the California College Access Tax Credit Fund – A new California […]

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CA Nonresident Withholding Requirements for Passthrough Entities

The Franchise Tax Board (“FTB”) requires that California state taxes be withheld at a rate of 7% on payments and distributions of CA-source income to domestic (U.S.) non-CA residents when such payments exceed, or are expected to exceed, $1,500 to any such recipient in a given year. If you are an entity that is doing […]

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