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.
Legislative Alert: House Passes Tax Bill
The U.S. House of Representatives has just passed the Tax Cuts and Jobs Act bill, H.R. 1, by a margin of 22 votes. The Senate Finance Committee is still working on its own version of the Tax Cuts and Jobs Act. There has been a lot of talk on national media about...
Why you may want to accelerate your property tax payment into 2017
Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good idea. Why? It will defer tax, which usually is beneficial. Prepaying property tax may be especially beneficial this year, because proposed tax legislation...
Fun fact: Phone service was taxed early and has been taxed often ever since
The Disappearing ITIN
For individuals with U.S. tax filing obligations who are not eligible for a Social Security Number, the IRS issues a similar number called an Individual Taxpayer Identification Number (ITIN). ITINs are distinguished from Social Security Numbers in that they begin with...
2017 might be your last chance to hire veterans and claim a tax credit
With Veterans Day on November 11, it’s an especially good time to think about the sacrifices veterans have made for us and how we can support them. One way businesses can support veterans is to hire them. The Work Opportunity Tax Credit (WOTC) can help businesses do...
Why Should Your Business Care About International Tax Issues?
This article originally appeared in the Central New York Business Journal on September 29, 2017. Taxes are neither sexy nor exciting, except perhaps to us CPAs who seem to thrive on the nuances of the tax code. But taxes are a critical factor in your business,...
The ins and outs of tax on “income investments”
Many investors, especially more risk-averse ones, hold much of their portfolios in “income investments”—those that pay interest or dividends, with less emphasis on growth in value. But all income investments aren’t alike when it comes to taxes. So it is important to...
Eight “Scary” Types of IRS Notices, Rated in Pumpkins
Boo! That’s pretty scary, but you’re probably much expecting some scares this time of year. IRS notice! Now that’s even scarier. An IRS notice can sneak up on you and be a big, scary surprise. Before you run off screaming, though, let’s look at some of the different...
PrimeGlobal Links Sciarabba Walker to an International Network of Resources
Sciarabba Walker developed its International Tax Group after recognizing a need for advanced international tax services in our community. In an increasingly global economy, and with the myriad complex tax filing requirements, the need for a specialized practice group...
Sciarabba Walker Launches YouTube Channel with New Informative Videos
We recently finished production on three informational videos designed to provide snapshots of our firm. Our first video is an overview of our firm as a whole, with interviews from our managing partner, Dave Iles, as well as two of our clients: Bobby Frisch, CEO of...