When business owners think about risk, they often focus on market pressures or operational challenges. An IRS audit usually isn’t top of mind — but it can be costly, disruptive and time-consuming. Although some taxpayers are randomly selected for an audit, many audits occur because the IRS has identified certain patterns or inconsistencies. Understanding where […]
If your business is like many today, you’re seeking more ways to attract and retain talent. One option is to offer tax-advantaged educational assistance under Internal Revenue Code Section 127. Recent legislative changes have expanded the value of this benefit. How the plans work Employer-sponsored Sec. 127 educational assistance programs allow employees to receive tax-free […]
To help prevent surprises when you file your federal tax return next tax season, perform a midyear tax checkup. Life changes, such as a new job, additional side income or investment gains, can affect your tax picture more than you might expect. Taking time now to review key areas can reduce the risk of certain […]
Investors often look to small, emerging companies for portfolio diversification and growth potential, but these investments can offer more. Certain shares may also provide valuable tax advantages under the qualified small business (QSB) stock rules. And last year’s One Big Beautiful Bill Act (OBBBA) enhanced those benefits. The basics of QSB stock A QSB is […]
We are pleased to share that Sasserath & Co. Managing Partner Alan R. Sasserath, CPA has been recognized in LIBN’s Long Island Business Influencers in Accounting. Sasserath is honored to be a part of this distinguished group that has helped strengthen Long Island’s business community. View the full Long Island Business News Influencer in Accounting […]
The portion of small businesses employing their own children has increased by more than 50% since 2018. This 2025 data from Gusto, a provider of payroll, benefits and human resources software, reflects staffing challenges and a growing interest in involving the next generation in family businesses. From a tax perspective, hiring your minor child this summer, […]