Jan 26, 2022 | Firm Updates, Tax Tips
Earlier this month, the National Taxpayer Advocate, Erin M. Collins, released her 2021 Annual Report to Congress in which she warned of the IRS’ backlog of over 10 million unprocessed returns entering this tax season and her expectation of delayed refunds. While...
Jan 4, 2022 | Firm Updates
Accounting and business consulting firm Sciarabba Walker & Co., LLP announces the promotion of Evan Ramiza to Partner, effective January 1, 2022. Mr. Ramiza joined Sciarabba Walker in 2011. He focuses on tax planning and preparation for individuals and small...
Dec 20, 2021 | Firm Updates, Retirement Planning, Small Business
On October 21, 2021, Governor Hochul signed legislation ensuring retirement plan security for private-sector employees. The seven-member New York Secure Choice Savings Program Board will run the program. This law will apply to both for-profit and non-profit employers...
Dec 15, 2021 | Firm Updates
We are deeply saddened by the recent passing of founding partner, James Kenneth (Ken) Walker. Sciarabba Walker & Co., LLP was founded in 1976 by Ken and Andrew Sciarabba. The two foresaw the Ithaca region was poised for economic growth that would require the...
Dec 13, 2021 | Firm Updates, News Brief
The effective date for the new lease standard was postponed due to the COVID-19 pandemic, however, that extension is now quickly coming to an end. In February 2016, the Financial Accounting Standard Board (FASB) issued Accounting Standard Update (ASU) No. 2016-02...
Dec 13, 2021 | Firm Updates, News Brief
New York State has enacted a new pass-through entity tax (PTET) for tax years beginning on or after January 1, 2021. The PTET is an optional tax that partnerships or NYS S corporations may elect annually. For PTET taxable years 2022 and later, the eligible entity may...
