Sep 1, 2021 | Assurance, Firm Updates
Nonprofit organizations have a responsibility to donors to maintain strong internal controls to prevent and detect fraud. Due to the COVID-19 pandemic, many employees are now working remotely, causing controls that were previously implemented to no longer be as...
Aug 25, 2021 | Firm Updates, Small Business
New York State enacted a new pass-through entity tax for tax years beginning on or after January 1, 2021. Any pass-through entities including a limited liability company treated as a partnership for federal purposes and any New York S Corporations are eligible to make...
Aug 19, 2021 | COVID-19 Response, Firm Updates
On August 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-49 which provided additional guidance and clarification for the Employee Retention Credit (ERC) for quarters 3 and 4 of 2021. For all quarters of 2021, the employee retention credit can be...
Aug 12, 2021 | Firm Updates
Sciarabba Walker has been named the Finger Lakes’ favorite accounting firm for 2021! Cayuga Radio Group’s Finger Lakes Favorites campaign solicited votes from the local community to crown the area’s favorite companies in categories from Eat &...
May 26, 2021 | COVID-19 Response, Firm Updates
Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue Plan Act (ARPA), will begin being made on July 15, 2021. How have child...
