If you’re preparing to file your 2024 federal income tax return and your tax bill is higher than you’d expected – or your tax refund is smaller than you’d hoped — there might still be an opportunity to change it. If you qualify, you can make a deductible contribution to a traditional IRA until the […]
After successfully navigating the start-up phase, your business has a strong foundation for growth. At the growth stage, business and financial advisory services become essential. Focus on these two key areas to elevate your company to the next level. 1. Financial and tax reporting Businesses in the growth stage usually have more sophisticated financial reporting […]
If you own or manage a business with employees, you could be personally responsible for paying a harsh tax penalty. It’s called the Trust Fund Recovery Penalty (TFRP). It applies to Social Security and income taxes, which must be withheld from employees’ wages. These taxes are government property employers collect and hold in “trust” for […]
By Alan Sasserath, CPA, Managing Partner I am pleased to announce that Bruce A. Rosen, CPA has joined Sasserath & Co. as a new partner. Bruce brings over 35 years of public accounting experience, the majority of which was spent managing his own firm. He has successfully collaborated with clients across diverse sectors, including real […]
By Dylan Colucci As the incoming administration works on its economic plans, several new tax changes are being proposed. These changes could affect everything from business taxes to taxes on personal income, as well as trade policies. Here’s a breakdown of the main proposals: CORPORATE TAXES The proposed plan suggests cutting the corporate tax rate from […]
Sasserath & Co. is pleased to announce Tax Supervisor Sean Laurie has been selected by Long Island Business News as an honoree of the 2024 Business & Finance Awards. The Leaders in Business & Finance awards recognizes financial professionals who have made outstanding contributions to their organizations and to the Long Island community during the past year. Laurie […]