By Muhammad Nasir The Corporate Transparency Act (CTA) introduces a significant change starting on January 1, 2024. Eligible corporations are now obligated to submit a report known as the Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). The CTA sets forth strict guidelines and exemption criteria that […]
By Christian Crocker With tax season quickly approaching, the time for many businesses to begin their annual tax planning strategies before the end of the tax year has begun. While many businesses may overlook tax planning as a valuable resource to their business, the potential missed savings from failing to plan for upcoming income tax […]
Sasserath & Co. is pleased to announce that we have been selected as a Small Business Finalist in the Business Achievement Awards competition conducted by HIA-LI, the recognized voice for business on Long Island. Recipients will be announced during an awards ceremony at Crest Hollow Country Club, 8325 Jericho Turnpike in Woodbury, NY on Thursday, […]
By Michael Rodriguez, CPA For new and emerging businesses, the topic of sales tax “Nexus” can be tough to wrap your head around. In today’s rapidly changing environment and technology, more companies than ever may be subject to this key area regarding Nexus and sales tax. Sales tax nexus is an important area to focus […]
By Alex vonStrandtmann, CPA, MBA As Software as a Service (SaaS) companies continue to grow and offer more recurring subscription sales, tax compliance can become a complex issue. Sales tax laws and regulations vary by state and country, and failure to comply can result in penalties and fines. In this article, we will discuss how […]
By Alex vonStrandtmann, CPA, MBA We spoke with a number of clients and friends after our last posting about the banking turmoil. While tracking the banks in the stock market is still like following a roller coaster, it has become apparent that there are still a number of you that aren’t being paid much interest […]