Trump Signs Bipartisan IRS Reform Legislation into Law
On July 1, President Trump signed into law a sweeping, bipartisan
IRS reform bill called the Taxpayer First Act ( P.L. 116-25).
This legislation aims to broadly redesign the IRS for the first
tim...
Proposed Regulations Address PFIC Rules
The Treasury and IRS have issued proposed regulations on provisions
dealing with passive foreign investment companies (PFICs). Proposed
regulations published on April 25, 2015, also have been withdraw...
Proposed Exception to MEP Unified Plan Rule
Proposed regulations would provide an exception to the unified plan
rule for multiple employer plans (MEPs). The purpose is to reduce
the risk of plan disqualification due to noncompliance by other
pa...
Inflation adjustments may generate tax savings in 2012
The IRS recently announced that inflation is increasing many dollar
amounts in the Tax Code for 2012. For taxpayers, the
inflation adjustments may help reduce their overall tax liability
in 2012...
Year-end charitable giving can benefit your tax bottom-line
Charitable contributions traditionally peak at the end of the
year-end. While tax savings may not be your prime motivator for
making a gift to charity, your donation could help your tax
bottom-line fo...
How do I? Avoid pitfalls within a flexible spending account?
Under a flexible spending arrangement (FSA), an amount is credited
to an account that is used to reimburse an employee, generally, for
health care or dependent care expenses. The employer must
maintai...
FAQs: When can I deduct job-hunting expenses?
Job-hunting expenses are generally deductible as long as you are
not searching for a job in a new field. This tax benefit can be
particularly useful in a tough job market. It does not matter
whether y...
2011 year-end tax planning for individuals in a changing landscape
2011 year end tax planning for individuals lacks some of the drama
of recent years but can be no less rewarding. Last year,
individual taxpayers were facing looming tax increases as the
calendar...
Committed to Helping You Achieve the Highest Return on Your Investment
Welcome and thank you for visiting the Barbara Y. Gibbs & Associates, Inc. website. In addition to providing you with a profile of our firm and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.
As a BYGA client, your business becomes our business. Our goal is to assist our clients in transforming their assets into secure financial futures. Whether is be for accounting, asset management or tax reporting, we are there to provide you with the solutions you need for building your business and personal futures.
As you browse through our website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section).
