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...
Dec 13, 2021 | Firm Updates, News Brief
2021 brought a multitude of changes affecting taxpayers and with additional legislation, known as the Build Back Better Act, currently being debated in Congress, it looks like 2022 will be no different. The House of Representatives passed the bill on November 19, but...
Nov 30, 2021 | Firm Updates, Small Business, Tax Tips
2021 brought a multitude of changes affecting businesses and with additional legislation being debated in Congress, it looks like 2022 will be no different. As the proposed legislation is still evolving, we will focus on the existing laws to assist your year-end tax...
Nov 30, 2021 | Firm Updates, Individual Tax, Tax Tips
2021 brought a multitude of changes affecting individual taxpayers and with additional legislation being debated in Congress, it looks like 2022 will be no different. As the proposed legislation is still evolving, we will focus on the existing laws to assist your...
