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.
2023 Business Year-End Tax Planning
2023 has been a quiet year for tax legislation. To help you decide 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 end of the year. Qualified...
2023 Individual Year-End Tax Planning
2023 is ending, which means tax season is right around the corner, but there is still time to take advantage of tax-saving ideas to lower your 2023 tax bill. Sciarabba Walker wants to help you prepare for tax filing and save you some tax dollars by sharing some...
Capitalization and Amortization of Research & Experimental Expenditures under New Sec. 174
The Tax Cuts and Jobs Act (TCJA) passed in December of 2017 made a significant change to the treatment of specified research and experimental expenditures (SRE) covered by Sec. 174. Effective for tax years beginning after December 31, 2021, Section 13206 of the TCJA...
Audit, Review, Comp: What’s Right for Me?
If your organization needs audited, reviewed, or compiled financial statements, Sciarabba Walker can help. Here is a summary of these services, what each entail, and some relevant factors in deciding which fits your organization’s needs. An audit provides the highest...
How to Pick a New Practice Associate or Partner
Sooner or later, a growing medical practice will need to take on another associate or partner to support that growth and keep the practice profitable long term. The risk, of course, is that you pick the wrong person and end up throwing a wrench into the works. Here...
Keeping Up With Cybersecurity is Essential to HIPAA Compliance
Over the past few years, as a result of the COVID-19 pandemic as well as other developments in the medical arena, practices have increasingly relied on technology. This includes the much wider use of telehealth as well as electronic health records (EHR), online...
Tax Planning for Medical Practices
In a volatile economic environment where every dollar counts, your medical practice’s leadership needs to know the distinction between traditional tax deductions and depreciation-related tax breaks. For instance, a medical practice can take an immediate deduction for...
Are You Suffering From Revenue Leakage?
In the face of constant reimbursement headwinds, efficient and effective fiscal policies are vital to prevent revenue leakage in your medical practice. Here are five keys to tightening up your business practices. Develop a solid cash flow system - Do you thoroughly...
2023 Marks Year of Growth for Sciarabba Walker & Co., LLP
FOR IMMEDIATE RELEASE: Sciarabba Walker & Co., LLP Continues to Grow with New Office and New Hires Ithaca, New York, August 29, 2023 – 2023 has been a year of growth for the accounting and business consulting firm Sciarabba Walker & Co., LLP. In late March,...
Nonprofit Trends of 2023
The world is constantly changing, and it is up to each individual organization to adapt and continue thriving. The last few years have been challenging, from a worldwide pandemic to now a looming recession. Risk management and awareness of options are more important...