Estate planning isn’t just for married couples or parents. If you’re single with no children, an estate plan can help ensure your wishes will be carried out, and important decisions remain in trusted hands. If you don’t have one, courts or state law may determine how decisions are made and assets are distributed. Preparing for […]
With year-end fast approaching, now is a good time to review strategies that could affect your business’s tax liability. One area that may deserve attention is the tax treatment of advance payments. Some accrual-basis businesses may be able to defer recognizing a portion of that income. A tax-planning strategy For federal income tax purposes, advance […]
Access to capital helps small businesses succeed and grow. Whether you need to cover cash flow gaps, fund expansion plans or invest in long-term assets, it’s important to understand all your financing options. This will help you make informed decisions and select funding that aligns with your goals. 5 financing options to consider Your business […]
Families looking for another way to save for a child’s future may want to consider Section 530A accounts. Created by last year’s One Big Beautiful Bill Act, these tax-advantaged savings accounts, also known as ”Trump Accounts,” are designed to help children build long-term assets. The ability to contribute became available on July 4, 2026. And […]
We are always thrilled to partner with innovative teams like Accordance, a Frontier AI company serving tax, audit, and accounting teams. Last week, we dedicated time to collaborate with their team. Our managing partner, Alan R Sasserath, CPA, MS, kicked off the week by participating in a video series produced by Jack Moore where David Yue […]
Overview As part of the Fiscal Year 2027 budget, New York State has enacted a new annual surcharge on high‑value New York City homes that are not used as a primary residence, commonly referred to as the “pied‑à‑terre tax.” The surcharge is codified as Article 30‑C of the New York Tax Law and is added […]