Aug 2, 2023 | Firm Updates, High Technology
The revenue recognition standard, ASC 606, applies to all industries; however, there are certain unique items to consider when accounting for software and software-as-a-service (SaaS) contracts under these rules. Two important terms to understand before determining...
Jun 21, 2023 | Firm Updates, Retirement Planning, Tax Tips
Charitable giving affords crucial support to nonprofit organizations that are providing essential services to communities. With a little planning, they also offer potential income tax savings to the donor. For income tax purposes, the amount of a deductible...
Feb 27, 2023 | Firm Updates, Small Business, Tax Tips
The New York State Pass-Through Entity Tax (PTET) is an optional tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021. Who is eligible? Any partnership [including a limited...
Feb 7, 2023 | Firm Updates
The accounting and business consulting firm Sciarabba Walker & Co., LLP has received ClearlyRated’s Best of Accounting® Award for 2023. ClearlyRated is an industry leader in client satisfaction surveys, and the award recognizes public accounting firms that have...
Dec 19, 2022 | Firm Updates, Small Business, Tax Tips
With year-end rapidly approaching, the 1099 filing due date of January 31, 2023, is right around the corner. If your business pays an individual or company more than $600 for services or rent, you may be required to file Form 1099. The information below explains the...
