News

COVID-19 Update 3-16-20

March 16, 2020

NMS remains open for business. However, we have made substantial changes to our business practices until the risks of this health event subside. Read on for details.

Thief trying to steal bag labeled "Tax refund" while being bit by a dog, next to words "STOP TAX ID THEFT!"

Infographic: Make It Tough for Thieves to Steal your Tax Refund

February 8, 2020

Prevent criminals from making you one of the many thousands of taxpayers who fall victim to tax identity theft every year.

Landlord holding keys to property below words "What landlords should know about taxes"

Infographic: Landlords, Include These Payments in Your Gross Income

January 22, 2020

You probably already know that you need to count rental income as part of your federal gross income. What you may not know is that you must include these four additional kinds of income.

Employees working while being viewed under magnifying glass next to words "IS IT TIME TO CHANGE EMPLOYEE PERFORMANCE REVIEWS?"

Infographic: Is It Time to Change Performance Reviews?

December 27, 2019

There may be a better way to conduct employee performance reviews. Consider this!

Infographic: 5 Ways to Trim 2019 Taxes

November 21, 2019

Does your business use an accrual-based accounting system? If so, check this out.

An infographic explaining what FDIC deposit insurance covers.

Infographic: What Does FDIC Deposit Insurance Cover?

October 22, 2019

Fun fact: Exactly what does FDIC deposit insurance cover?

Infographic explaining the short and long term benefits of capital gains rates.

Infographic: Capital Gains Tax Can Take a Bite Out of Your Investments

October 6, 2019

Learn more about capital gains rates — "the long and short of it."

Infographic: Read Before You Try to Sell Your Business

August 20, 2019

Even the most successful entrepreneurs can make deal-breaking mistakes when it's time to sell their companies. To realize a fair price and terms, don't do these five things!

Infographic: On "Tingle Tables"

August 6, 2019

What's the story on these desks, and are they still used by the IRS today?

Business professional framing his face with his hands

Infographic: How Valuators Adjust a Financial Picture

May 29, 2019

Sometimes professional valuators tweak financial statements before using them to appraise a business. Here are three common types of adjustments.

Green landscape below words "Green energy upgrades & tax breaks"

Infographic: How to Get (Tax) Credit for Your Home’s Green Upgrades

March 30, 2019

You may be eligible for a valuable tax break.

Infographic: Advantages of 529 Education Savings Plans

March 5, 2019

Lemonade stands are fun and they encourage entrepreneurship, but they probably won't pay for college. Here's why a 529 education savings plan makes more sense.

Infographic: Paper or Plastic?

January 26, 2019

Fun fact: What percentage of Americans used only credit and debit cards in the last week?

Infographic: Conducting a Year-End Risk Assessment? Try This

December 18, 2018

If you're performing a year-end risk analysis, a SWOT (strengths, weaknesses, opportunities, threats) model can come in handy.

Infographic: Coining Coke

October 24, 2018

Fun fact: How an accountant shaped a major soft drink’s brand.

Infographic: Got Medical Bils? Get Planning

September 23, 2018

For 2018, taxpayers can itemize medical expenses that total only 7.5% of AGI.

Infographic: What Are the Biggest D&O Risks?

August 14, 2018

Danger may lurk in your boardroom...

Infographic: Are Frequent Flyer Miles Taxable?

July 16, 2018

Fun fact: Sit back and enjoy your frequent flyer miles.

Infographic: It's Mid-Year...Now What?

June 17, 2018

Here's a guide to help you reach major financial goals.

Infographic: The Secret History of the Dollar Sign

April 17, 2018

Fun fact: What’s the connection between the dollar and the Spanish peso?

Infographic: Under New Tax Law, You Can’t Deduct Hobby Expenses

March 19, 2018

It's a matter of work vs. fun, right? No, the difference, at least from a tax perspective, is that you can fully deduct business expenses from income.

New Secure Payment Portal!

March 7, 2018

We are pleased to offer new flexible ways to pay for your NMS services. From now on, our new secure online payment portal link will be located at the bottom of your invoice and reminder statements!

Infographic: Is Your Employer Withholding Enough in Taxes?

February 16, 2018

It's your responsibility to ensure you're withholding enough.

Infographic: A Fun Fact About Tax Season Delays

January 23, 2018

The December passage of the Tax Cuts and Jobs Act has caused later a later 2017 tax season. Learn why here.

Infographic: A Fun Fact About Taxes on Phone Service

November 15, 2017

Phone service was taxed early — and has been taxed often ever since.

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