By George Batas, CPA Did you know that over $17.7 billion has been spent on NFTs in 2021 alone? And that the most expensive NFT sold to date was worth $91.8 million? Given these numbers, you might be asking yourself, what is this booming industry, how can I get involved, and what are NFT tax […]

As Ben Franklin once said, “In this world, nothing is certain except death and taxes.” Modern-day accountants might add another certainty: pass-through entity tax returns filed in New York State cannot be amended or adjusted once filed according to NYS rules. This usually holds true, unless Sasserath & Co. is on the case. The pass-through […]

As a small business owner, you probably think about tracking expenses and keeping up with tax deductions, but these aren’t the only critical accounting tips you should know. Whether you’ve been in business for a while or you’re a new start-up entrepreneur, read on for our 8 best accounting tips. 1. Outsource your bookkeeping. For […]

Sasserath & Co., a New York CPA firm providing accounting, tax, and business advisory services, is pleased to announce that Fred Rook has been promoted to Partner as of January 1, 2022. Fred Rook joined the firm in 2018 after a career in the real estate practice group of Ernst & Young and in the […]

Accounting students: spend the summer with us! Sasserath & Co. is a boutique firm focusing on sophisticated tax and accounting, private equity, M&A, international tax, and private client services. We are seeking a Summer 2022 Tax Intern for our tax and accounting practice at our Ronkonkoma headquarters. The successful candidate is a rising junior or […]

Contributing to charity is, of course, an act that is beneficial in numerous ways. Your donation could save a life, feed a child, or give someone a home. Did you know that making a charitable contribution can actually help you financially? When done strategically, your charitable contributions can allow for tax benefits, including optimal tax […]

As we near the year’s end, major changes in legislation and tax rates are being proposed and put into effect. Now is the time to re-strategize and plan to optimize your tax savings before the end of the year. Here are some quick tips to help you get started. Tip #1: Establish or review your […]

In the wake of Hurricane Ida’s destruction across parts of New York and New Jersey, lawmakers have extended certain federal tax deadlines. Various individual and business tax returns and payments, previously due on September 15 or October 15 of 2021, will now be accepted until January 3, 2022. The new federal deadline also applies to: […]

Learn more about Managing Partner Alan Sasserath, CPA, MS and the future of Sasserath & Co. Tell us about how you/your company started. I started my career at Ernst & Young, later working at two large regional firms before being a named partner at my own firm for over two decades. Over the years, I’m […]

Boutique Firm to Focus on Sophisticated Tax and Accounting, Private Equity, Mergers & Acquisitions, International Tax Services, and Private Client Services Alan R. Sasserath, CPA, MS, is pleased to announce the launch of a new firm, Sasserath & Co. The boutique firm focuses on sophisticated and technical tax and accounting for closely held businesses, private […]

By Alan R. Sasserath, CPA, MS and George Batas, CPA On April 19, 2021, New York Governor Andrew Cuomo signed into law the FY 2022 budget which denotes changes to the state’s corporate and personal income tax provisions. One of the changes includes the highly anticipated Pass-Through Entity (PTE) Tax election, which will allow partnerships […]

CMM Cares, Inc. has announced the election of Alan R. Sasserath, CPA, MS, Partner at Sasserath & Zoraian, LLP, to their Board of Directors. CMM Cares is a 501(c)3 and major supporter of veterans, children, and the arts on Long Island through fundraising, volunteering, and awareness campaigns. With the addition of Sasserath to its Board, […]

Getting Ahead of the March 31st Deadline for Each By Alan R. Sasserath, CPA, MS A number of our friends and clients were/are eligible for Paycheck Protection Program (“PPP”) second draw loans AND the expanded Employee Retention Credit (“ERC”). March 31, 2021 is a critical day for each program. With regard to the ERC, March 31st marks […]

Sasserath & Zoraian, LLP, a New York CPA firm providing accounting, tax, and business advisory services, is pleased to announce that George Batas has been promoted to Partner as of January 1, 2021. George Batas joined Sasserath & Zoraian in 2017, where he quickly became instrumental in establishing and running the firm’s State and Local […]

By Alan R. Sasserath, CPA, MS; Michael D. O’Brien, EA; and Richard Weber; CA March 2012 Vol. 3 No. 3 The Tax Stringer – The global economy has produced a growing need for individuals flexible enough to work outside of their home countries, especially among companies with operations in both Canada and the United States. […]

By: Lynn Montag Tax season for 2019 may be in full swing, but it’s never too soon to start thinking about your 2020 business tax strategy. A new year means new tax challenges and opportunities for small business owners, so it’s best to understand recent tax code changes right at the beginning. Although different tax […]

By: Alan Sasserath and George Batas Brexit has officially happened: as of January 31, 2020, the U.K. is no longer a member of the European Union (EU). To many Americans, Brexit may seem like a distant event “across the pond” of no significance to their world, but there are several important ramifications and opportunities for […]

By: Alan Sasserath & Marie Bradley If you’re a U.S. business owner interested in expanding overseas, your first question is likely: where do I start? At Sasserath & Zoraian, LLP, we maintain several longstanding relationships with overseas firms to assist our clients as they navigate the complex world of international tax and international business. As […]

By Alan Sasserath and Michael O’Brien Working abroad is an opportunity many adventurous Americans find glamorous and exciting, with the chance to live and explore a foreign country often viewed like a working vacation. Taxes have to be filed, work has to be done, and meetings must be attended, but everything feels a bit more […]