Dec 16, 2022 | Firm Updates, Individual Tax, Retirement Planning, Tax Tips
The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last year. Are you wondering how high inflation will affect your federal income tax bill for 2023? The IRS recently announced next year’s...
Dec 2, 2022 | Firm Updates, Small Business, Tax Tips
With year-end approaching, it is time to start thinking about moves that may help lower your business’s taxes for this year and next. This year’s planning is more challenging than usual due to recent changes made by the Inflation Reduction Act of 2022 (formerly...
Dec 2, 2022 | Firm Updates, Individual Tax, Tax Tips
2022 is coming to an end, which means tax season is right around the corner. While you might be busy planning for the upcoming holidays, we at Sciarabba Walker want to help you prepare for tax filing by sharing some updates and strategies with you. Help Us Help You...
Oct 19, 2022 | Firm Updates, Individual Tax, Tax Tips
In late August, President Biden announced a plan to cancel $10,000 in federal student loan debt for those earning less than $125,000 per year and $20,000 for low-income families who had received Pell grants. In the United States, 45 million people owe $1.6 trillion...
Aug 22, 2022 | Firm Updates, Small Business, Tax Tips
If you have not yet made the New York State (NYS) Pass-Through Entity Tax (PTET) election for 2022, you may opt-in through September 15, 2022, using NYS’ Pass-Through Entity Tax Annual Election application. An estimated payment is required upon opt-in. NYS...
Aug 17, 2022 | Firm Updates, Individual Tax, Small Business, Tax Tips
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains, or other income. Here are the applicable...
