News
Foreign Nationals Investing in U.S. Partnerships May be Entitled to Tax-favorable Treatment
On July 13, 2017, the United States Tax Court (the “Tax Court”) issued a very important opinion, that of Grecian Magnesite Mining, Industrial & Shipping Co., SA, v. Commissioner 149 T.C. 3 (2017). In this case, the Tax Court rejected the Internal Revenue Service’s (the “IRS’s”) approach for determining whether income from the disposition of…
Read MoreTake Advantages of Education-Related Tax Incentives
Tax time – it comes once a year, but unlike the holidays, it’s certainly not as festive or well-received. It can be an anxious period, as taxpayers compile essential documentation showing their income, withholdings, financial transactions (such as a new home purchase or the sale of stocks or bonds), and other meaningful tax-related activities during…
Read MoreAn Update on the Proposed Section 2704 Regulations
New regulations by the Treasury Department proposed earlier this year, formally entitled “Estate, Gift and Generation-Skipping Transfer Taxes; Restrictions on Liquidation of an Interest Regulations” (the Section 2704 regulations”) has business owners, accountants, and estate attorneys considering the best approach to deal with the potential for significantly higher estate tax liabilities. The Section 2704 regulations,…
Read MoreMSPC Named to the IPA 300 List
MSPC has been ranked #266 on Inside Public Accounting’s Top 300 Firms list. The firm is proud to have moved up three spots from its 2015 position of #269. View Inside Public Accounting’s Top 300 List.
Read MoreWhy Aren’t You Maxing Out Your 401(k)?
Your 401(K) may be the best retirement planning tool you have. Do you have a million dollars? At the moment, probably not. But if you invest and save diligently and let your assets compound, who knows? You may be a millionaire someday. In fact, you may need to be a millionaire someday. If you stay…
Read MoreMSPC Attends Moore Stephens Executive Leadership Program at Harvard Business School
A program designed to align motivating professionals, leadership, strategy and organization. MSPC Managing Partner Jim Flannery and Tax and Audit Principal Jon Gagliardi attended the Moore Stephens Executive Leadership Program hosted by Harvard Business School on Sunday, May 17, 2015 to May 21, 2015 at the Harvard Campus in Boston, MA. The intensive eight-hour a…
Read MoreMSPC Dunks for The Wounded Warrior Project
On Friday, June 19th, New Jersey-based CPA Firm MSPC employees gathered at the Cranford Office for a day of laughter, bonding, and giving back. Charity is an integral part of the corporate culture and as such, employees volunteered to dunk or be dunked in an effort to raise money for charity during the firm’s annual…
Read MoreImplementation of new revenue recognition accounting standards set to be delayed.
This article is courtesy of David Chopping from Moore Stephens. Proposals to push back by 12 months the implementation dates for new international accounting standards covering revenue recognition will have implications for many companies, including those in the shipping industry. On April 28, 2015 the International Accounting Standards Board (IASB) tentatively decided to defer by…
Read MoreThis CPA Gets a Kick Out of Coaching
Our very own Patrick Trombetta is featured in the September/October issue of New Jersey CPA. Read all about it here.
Read MoreMSPC CPAS Raises Money Through Walk Now For Autism Speaks
November 5, 2012 For Immediate Release MSPC CPAS Raises Money Through Walk Now For Autism Speaks On October 21st, a team from Cranford, NJ-based MSPC CPAs participated in a two-mile walk and raised nearly $1500 for the charity, Austin Speaks. The Firm, which has participated in similar events for diabetes research, chose this event because…
Read More