Mar 13, 2020 | Firm Updates
Please read our updated precaution statement by clicking here. Regarding the current outbreak of the Coronavirus (COVID-19), until further notice Sciarabba Walker will be taking the following precautions: All staff will be given the option to work from home starting...
Jan 6, 2020 | Firm Updates, Individual Tax
An ITIN is a tax ID number used by taxpayers who don’t qualify for a Social Security number. Certain ITINs expire at the end of each year, so if you have an ITIN, it is important to be aware of the expiration. Any ITIN with middle digits 83, 84, 85, 86 or 87, as...
Dec 17, 2019 | Firm Updates, Individual Tax
The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019 IRS report. And there are tax consequences for the people who perform these jobs, such as providing car rides, renting spare bedrooms, delivering food, walking...
Nov 12, 2019 | Firm Updates, Small Business, Tax Tips
One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over to the federal government on time. If you willfully fail to do...
Oct 29, 2019 | Firm Updates, Tax Tips
If you’re planning to sell assets at a loss to offset gains that have been realized during the year, it’s important to be aware of the “wash sale” rule. How the rule works Under this rule, if you sell stock or securities for a loss and buy substantially identical...
