Aug 12, 2021 | Firm Updates
Sciarabba Walker has been named the Finger Lakes’ favorite accounting firm for 2021! Cayuga Radio Group’s Finger Lakes Favorites campaign solicited votes from the local community to crown the area’s favorite companies in categories from Eat &...
May 26, 2021 | COVID-19 Response, Firm Updates
Eligible parents will soon begin receiving payments from the federal government. The IRS announced that the 2021 advance child tax credit (CTC) payments, which were created in the American Rescue Plan Act (ARPA), will begin being made on July 15, 2021. How have child...
Apr 21, 2021 | COVID-19 Response, Firm Updates
The Small Business Administration (SBA) has released guidance on the Restaurant Revitalization Fund. This fund provides needed resources to some of the hardest-hit businesses of the COVID-19 pandemic. As part of the released guidance, a sample application was...
Apr 2, 2021 | Firm Updates, High Technology
There are several credits available to high technology companies located in New York State, many of which are directed to companies that incur research and development expenses. The most readily available tax credit for NYS companies performing R&D activities is...
Mar 22, 2021 | Firm Updates, Individual Tax, Tax Tips
On Friday, March 19, New York State announced the extension of the individual tax deadline from April 15 to May 17, 2021, to align with the IRS’ recent extension of the federal tax deadline. It is important to note that both federal and New York State first...
Mar 12, 2021 | COVID-19 Response, Firm Updates
All the following changes relate to wages paid after June 30, 2021 and before January 1, 2022. The act codified the Employee Retention Credit and extended it through the end of 2021. The Employee Retention Credit is allowed against Medicare tax. Recovery Startup...
