D’Arcangelo Blog

Insuring Key People at Small Companies

At a multinational corporation, the loss of any single employee may hardly cause a ripple in its ongoing business. That’s often not true for a small business. If you’re the prime mover, your inability to work could have severe consequences. The same is true if you have partners or other vital personnel who can noContinue reading →

Substantiating Employee Expenses

If you work for a business, you might incur certain expenses that are related to your job. In some cases, those expenses can be substantial. As of this writing, in late 2017, Congress is considering legislation that would eliminate miscellaneous itemized deductions, but it appears that they will be available on 2017 returns. That said,Continue reading →

Solving the Annuity Puzzle

Americans hold billions of dollars in annuities, yet they are widely misunderstood. Used properly, an annuity can serve valuable purposes in personal financial planning. On the other hand, some types of annuities are widely criticized, even scorned, by some financial advisers. 

The Tax Cuts and Jobs Act: Important Changes for Individuals

The 2017 Tax Cuts and Jobs Act (H.R. 1) was approved by Congress and signed into law by President Trump on December 22, 2017. This historic tax bill impacts every individual and business filer, as the bill includes major changes in tax rates, deductions, and credits. What are the key changes for individuals to beContinue reading →

The Tax Cuts and Jobs Act: Important Changes for Businesses

On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (H.R. 1), which makes sweeping changes to the U.S. tax code and impacts almost every type of taxpayer. For businesses, tax benefits include a reduction in the corporate tax rate, increase in the bonus depreciation allowance, an enhancement to the Code SectionContinue reading →

New York’s New Paid Family Leave Law: What Employers Need to Know

The Paid Family Leave (“PFL”) law coming into effect on January 1, 2018 will be employee funded. The PFL benefits will be provided through insurance coverage, included under the employer’s mandatory disability benefits policy. Due to the intricacies of the law, it is important for employers to fully understand and prepare for the new requirements headingContinue reading →

Overlooked Investment Options

The second-best investment you can make is paying off high interest rate debt. That could come after you’ve contributed enough to your 401(k) to get a full match from your employer. What should come next? If you have no expensive debt to pay down and you’re getting the full employer match, where should you directContinue reading →

Wealth Management: The Rebalancing Act

Investors may put together their own asset allocation, or they might work with an investment professional. Either way, the challenge is to maintain the desired allocation through the ups and downs of the financial markets. The answer generally recommended by financial advisors is to rebalance periodically. Studies indicate that savvy asset allocation may lead toContinue reading →

Solo 401(k) Plans

Among major corporations, 401(k) plans have become common, but even the smallest of businesses can have a 401(k) plan for retirement. One-participant 401(k) plans, known by names such as Solo 401(k) and Uni-k, are available. For some business owners and self-employed individuals, Solo 401(k)s may offer a chance to save more for retirement with taxContinue reading →

Dealing With An IRS Audit

It’s important to know what to expect if you are audited. Furthermore, understanding your options may help you proactively address the risk and to assess how to administer benefit plans to your employees. Traditional defined benefit plans, structured to provide a lifelong pension, have become rare in the private sector. They’re still the norm forContinue reading →