D’Arcangelo Blog

Putting Protection in Place: Cyber Security for Business Owners

Data breaches at large companies often make headlines. The good news is that major corporations have the resources (and, increasingly, the motivation) to protect themselves from electronic intruders. If your company does business with firms in the S&P 500, your personal and business data probably are secure. The bad news? Thwarted hackers and identity thieves mayContinue reading →

Avoid Penalties with Tax-Efficient IRA Withdrawals

Many people save for retirement by putting pretax dollars into an employer-sponsored retirement plan, such as a 401(k). Those dollars may be rolled into an IRA, perhaps at retirement or after a change in jobs. An IRA rollover can maintain the tax deferral. Ultimately, those pretax dollars will be withdrawn and reported as taxable income.Continue reading →

2016 Tax Tips: Deducting Taxes Paid

When you file your 2015 federal income tax this year, you can take a standard deduction. For 2015, that’s $6,300 for single taxpayers and for married individuals filing separately; $12,600 for couples filing jointly and for certain widow(er)s; and $9,250 for those filing as heads of household. The beauty of taking the standard deduction isContinue reading →

Executive Order No. 38 – Not Just for Nonprofits

In a bold attempt to prevent New York State funds from being expended for what has been determined to be excessive executive compensation and administrative costs, Governor Cuomo issued Executive Order No. 38 effective July 1, 2013.  While the nonprofit industry is receiving a great deal of attention and appears to be focused on theseContinue reading →

Nonprofit Revitalization Act 2013

Click here to read a summary from the Attorney General’s Office of the Nonprofit Revitalization Act 2013 that was passed in June of this year.

New York Income Tax: Appellate Court Upholds MCTMT

A New York appellate court has reversed a lower court’s ruling that the metropolitan commuter transportation mobility tax (MCTMT) was unconstitutionally passed by the Legislature without a home rule message. The lower court found that the tax was a special law that did not serve a substantial state interest. However, the appellate court concluded thatContinue reading →

Delay in Affordable Care Act

The bombshell July 2 announcement came in the form of a blog post on the U.S. Treasury Department’s website, accompanied by a statement issued from the White House. The employer “shared responsibility” provision is being delayed one year, until 2015. The move was described, essentially, as a consequence of the IRS’ failure to provide employersContinue reading →

Update on Affordable Care Act

The Affordable Care Act imposes a little-known new fee on certain employers and health insurance companies. The first payments are due on or before July 31, 2013. The Patient-Centered Outcomes Research Institute (PCORI) fee may take some employers by surprise. While many organizations are focused on the healthcare law’s “employer mandate” which was just delayed untilContinue reading →

Investing with a Long-Term Focus

It’s easy to follow a long-term investment strategy in good times; the hard part is sticking with it during bad times. What should you do if you are a long-term investor sitting in the midst of a bear market? If you are holding a well-diversified portfolio, the answer is rather straightforward: stay the course. VolatileContinue reading →