Category Archives: Blog

Why You Shouldn’t Fear Tax Extensions

For many clients around the tax deadline, “extension” is a frightening word. There are a lot of misconceptions surrounding the filing of tax extensions and most of them have a negative connotation. As the volume of information that the IRS requires various businesses to report to them electronically increases, the due dates for the submission…
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The Increased Importance of Early Tax Planning in 2018

With all of the various changes imbedded in the December 2017 Tax Cuts and Jobs Act (TJCA) tax reform bill, how do you know what you can expect when you file your 2018 taxes in April 2019? This bill was packed with changes, some of which hurt certain taxpayers and helped others. Certain tax deductions…
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John Geraci on NECN’s Tax Tuesday

John Geraci was invited to speak on NECN's Tax Tuesday segment.  Watch the video to learn about last minute tax filings, tax extensions, penalties for late payments, the value of working with a CPA, and more.  Click the image below to watch the video on the NECN website.
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IRS Updated Withholding Calculator and 2018 Form W-4

The Internal Revenue Service has officially updated its online withholding calculator to help people who are W-2 employees determine the right amount of money to withhold from their paychecks for taxes due to the change in tax rates effective for 2018. The IRS has also issued a new 2018 Form W-4, Employee’s Withholding Allowance Certificate, which can be…
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Frightening New Tax Scam in 2018

It’s tax season again, and tax-related scams, which peak during the filing season, are upon us. There are many common scams that taxpayers encounter during the year such as fraudulent phone calls or emails from people claiming to be from the Internal Revenue Service. Criminals have taken their “art” to the next level this year.  …
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The Pass-Through Provisions of the TCJA: The Devil is in the Details

The Tax Cuts and Jobs Act (TCJA) has been touted for cutting the corporate tax rate, but the law also contains some valuable goodies for smaller businesses that operate as pass-through entities, including partnerships, limited liability companies, S corporations and sole proprietorships. These businesses stand to see their tax liabilities fall significantly, but determining just…
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LGA sponsors Vistage Executive Summit

This week LGA sponsored the 2018 Vistage Executive Summit held in Newton, Massachusetts.  Vistage is an executive coaching organization, and this conference attracted hundreds of members of the C-suite from all around New England. John Geraci is a Vistage member.  Our sponsorship representatives included Janine Danielson and Shawn Christman representing Outsourced Accounting Services, and Frank Storniolo and Michael…
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Announcing Brand Refresh and LGA Name

As a reflection of our evolution and growth over the past few years, LitmanGerson Associates is proud to announce a brand refresh including the LGA name and logo. LGA has risen in the BBJ Rankings from #46 in 2013 to #29 in 2018 without any significant acquisitions. At our core, we are dedicated to developing…
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Use Benchmarking to Swim With The Big Fish

You may keep a wary eye on your competitors, but sometimes it helps to look just a little bit deeper. Even if you’re a big fish in your pond, someone a little more significant may be swimming up just beneath you. Being successful means not just being aware of these competitors, but also knowing their…
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