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 […]
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: […]