Aug 6, 2024 | Firm Updates, News Brief, Tax Tips
There are multiple ways that nonprofit organizations can lose their tax-exempt status, and it’s important for directors, employees, and volunteers to stay informed about what actions could potentially jeopardize the status. With a bit of increased awareness and...
Nov 14, 2023 | Firm Updates, Small Business, Tax Tips
2023 has been a quiet year for tax legislation. To help you decide what works best for you and your business, we have compiled a list of tax strategies based on current tax rules that may help you save tax dollars if you act before the end of the year. Qualified...
Nov 14, 2023 | Firm Updates, Individual Tax, Tax Tips
2023 is ending, which means tax season is right around the corner, but there is still time to take advantage of tax-saving ideas to lower your 2023 tax bill. Sciarabba Walker wants to help you prepare for tax filing and save you some tax dollars by sharing some...
Jun 21, 2023 | Firm Updates, Retirement Planning, Tax Tips
Charitable giving affords crucial support to nonprofit organizations that are providing essential services to communities. With a little planning, they also offer potential income tax savings to the donor. For income tax purposes, the amount of a deductible...
Feb 27, 2023 | Firm Updates, Small Business, Tax Tips
The New York State Pass-Through Entity Tax (PTET) is an optional tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021. Who is eligible? Any partnership [including a limited...
Dec 19, 2022 | Firm Updates, Small Business, Tax Tips
With year-end rapidly approaching, the 1099 filing due date of January 31, 2023, is right around the corner. If your business pays an individual or company more than $600 for services or rent, you may be required to file Form 1099. The information below explains the...
