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.
Important Changes for Individuals in the New Tax Law
For individual taxpayers, the new tax law—commonly known as the Tax Cuts and Jobs Act (TCJA)—includes many expected changes, some unexpected ones, and some that didn't make the final cut. Here are the most important things that individual taxpayers need to know about...
The TCJA temporarily expands bonus depreciation
The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances—temporarily—is bonus depreciation. While most TCJA provisions go into effect for the 2018 tax year, you might be able to benefit from...
Tax Cuts and Jobs Act: Key provisions affecting individuals
On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years. Commonly called the Tax Cuts and Jobs Act (TCJA), the new law means substantial changes for individual taxpayers. The following is a brief overview of some of the...
Warm Up to Solar Energy with Tax Credits
Many individuals and businesses in New York State have decided to “go solar” in the last few years, in part due to state incentives and community initiatives. When considering the purchase of solar panels, it is important not only to consider the benefits for the...
401(k) retirement plan contribution limit increases for 2018; most other limits are stagnant
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece of good news for taxpayers who are already maxing out their contributions is that the 401(k) limit has gone up...
Thank You for a Wonderful Year!
In January 2017, we officially launched our International Tax Blog—and what a year it has been! We recognized a need for advanced expertise in international tax services and developed our blog to address that need. Businesses continue to expand globally, and...
What you need to know about year-end charitable giving in 2017
Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have complete control over when and how much you give. Here are some important considerations to keep in mind this year to ensure you...
IRS to the Rescue: Form 673
U.S. citizens and permanent residents who reside outside the United States can find themselves facing reporting and tax filing requirements that often seem daunting. Fortunately, the IRS has provided ways to make life just a little bit easier for these individuals....
Infographic: Is Your Office a Ghost Town?
2018 Q1 tax calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all...