Sciarabba Walker Blog
The information in these blog posts is provided for general informational purposes only and is not intended to substitute for accounting, tax, or financial advice from a professional accountant. While we use reasonable efforts to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this blog is current or error free. No part of this communication is intended to be used for the purpose of avoiding penalties under U.S. federal tax law.
Qualified Small Business Stock Exclusions
Qualified Small Business Stock (QSBS) exclusions for tax purposes under Section 1202 incentivize investors to take risks on startup companies. A shareholder with QSBS could potentially be eligible for a 100% tax exclusion on capital gains. For a shareholder’s stock...
SW Co-Founder Andrew Sciarabba Honored with Lifetime Achievement Award
Earlier this year, Sciarabba Walker Co-Founder Andrew (Andy) Sciarabba was presented with the Lifetime Achievement Award at St. John Fisher University's annual Accounting Awards Celebration. After graduating as a proud alumnus of St. John Fisher with a degree in...
Taming The Retirement Tax Tangle
Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a long career. Yet the transition may bring a tangle of tax considerations. Planning carefully can help you minimize tax bills. Below are four steps to take if...
Sciarabba Walker & Co., LLP Announces New Co-Managing Partner, Tax Department, and Outsourced Accounting Department Heads
Sciarabba Walker is pleased to announce the appointment of David Iles, CPA, and Chris Hart, CPA, as Co-Managing Partners, effective January 1, 2025. This marks a new chapter in the firm’s leadership structure, with Dave and Chris working together through June 30,...
Retirement Plan and IRA Required Minimum Distributions
On July 19, 2024, the IRS released the final regulations relating to required minimum distributions (RMDs) from the SECURE and SECURE 2.0 Acts. This article will discuss some of the changes provided by the final regulations. The SECURE 2.0 Act has significantly...
Identity Protections PINs
What is an IP PIN? Identity Protection PINs (IP PINs) are a six-digit number assigned to an individual to prevent someone else from filing a tax return under that individual’s social security number (SSN) or Individual Taxpayer Identification Number (ITIN). This PIN...
Employee Benefit Plan Administration and Tips
As the year comes to a close, it’s the perfect time to ensure that your organization’s processes are in order, particularly in areas critical to retirement plan compliance and administration. Below, we highlight several key areas that demand attention and share the...
2024 Business Year-End Tax Planning
2024 has been a relatively quiet year for tax legislation. To assist you with making decisions on what works best for you and your business, we have compiled a list of tax strategies based on current tax rules that may help you save tax dollars if you act before the...
2024 Individual Year-End Tax Planning
With the end of 2024 approaching, it's time to start thinking about end-of-year moves to help lower your 2024 tax bill. Sciarabba Walker’s tax experts have analyzed current tax rules to identify some opportunities and challenges facing our clients in the current year....
Cultivating Both Sides of Your Medical Practice
World-class patient care is no doubt the ultimate goal of your practice. But you can’t provide excellent care if your practice isn’t operating well, too. The business side of your practice must be strong and efficient enough to sustain and support the care you offer...