Jul 9, 2019 | Firm Updates, Individual Tax, Tax Tips
If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth. Because donations to charity of cash or property...
Jun 26, 2019 | Firm Updates, Uncategorized
Sciarabba Walker & Co., LLP is excited to announce Kimberly Miller and Dylan Wright have received their Certified Public Accountant Licenses in the State of New York! Kimberly Miller, CPA graduated from Houghton College in 2013 with a BS in Business Administration...
Jun 25, 2019 | Firm Updates, Individual Tax
Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You might be eligible for a tax break for the cost. The value of a credit Day camp is a qualified expense under the child and...
Jun 19, 2019 | Firm Updates, Individual Tax, Small Business, Tax Tips
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. 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...
Jun 18, 2019 | Firm Updates, International Tax
Back in March, Sciarabba Walker’s international tax blog covered a new U.S. revenue stream created by the Tax Cuts and Jobs Act (TCJA) of 2017 – global intangible low-taxed income (GILTI). On June 14th, the IRS issued final regulations providing guidance...
Jun 11, 2019 | Firm Updates, Individual Tax, Tax Tips
You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating a vehicle may not result in a big tax deduction — or any deduction at all. Trade in, sell or donate? Let’s...
