By George Batas Mergers and acquisitions (M&A) are complex transactions that can significantly alter the structure and financial health of a company. Whether you are on the buy or sell side of a M&A transaction, the tax implications can have a significant impact on the value of the transaction. Understanding the tax implication of a […]
A new law is impacting New York State employers using 1099s. Here’s what you need to know: The Freelance Isn’t Free Act will require employers to possess signed agreements for any contractor paid $800 or more. This total applies to a single service, or multiple services adding up to $800 over a 120-day period. The […]
Updated Dec. 11, 2024: Due to a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports. As […]
The team at Sasserath & Co. traded hard numbers for hard hats this week when they volunteered with Habitat for Humanity in Riverhead. The crew was joined by the future homeowner, Amanda, who will be moving into the two-bedroom house with her 13-year-old daughter, Aminah. With help from the Habitat team, they worked on tasks […]
Sasserath & Co. is delighted to announce that our client Vicon Machinery Group, the leading U.S. manufacturer of rectangular ventilation duct machinery, has been acquired by Lindab International, a publicly traded billion-dollar corporation. Vicon is the industry leader in North America for the manufacture of HVAC ductwork machinery. Their office is headquartered in Bohemia, New York, […]
Lynn Montag, CPA, is a partner at Sasserath & Co., a boutique CPA firm with offices in Ronkonkoma and New York City. With more than 25 years of public accounting experience and a focus on tax and accounting issues, Montag is an accounting professional and trusted advisor for business clients, not only handling a large […]