Aug 1, 2022 | Firm Updates, News Brief
While the dictionary definition of philanthropy is “the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes,” millennials have modernized the word to encompass a broader meaning of helping their community...
Jul 25, 2022 | Assurance, Firm Updates
The date for implementing the new leasing standard is here. Sciarabba Walker recommends that an inventory of lease agreements is completed, and the various reporting requirements for year-end are taken into consideration. The effective date of the standard had...
Jul 11, 2022 | Firm Updates, Small Business, Tax Tips
New York State’s $250 million COVID-19 Capital Costs Tax Credit Program provides financial assistance to small businesses burdened with a range of operational costs stemming from the COVID-19 pandemic, from structural changes and building upgrades to...
Jun 14, 2022 | Firm Updates, Individual Tax, Tax Tips
The New York State homeowner tax rebate credit (HTRC) is a one-year program benefitting nearly three million eligible homeowners in 2022. Eligibility To be eligible, you must have: qualified for a 2022 STAR credit or exemption, had income that was less than or equal...
Mar 23, 2022 | Firm Updates, Individual Tax, Tax Tips
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s rented and your level of personal use. Personal use...