Grossman St. Amour CPAs team members address relevant subject matters in the world of accounting, taxation, business valuation and financial planning. We invite you to review the various industry articles below. Should you have a question about or interest in a particular subject matter, please contact us.
The Senate Small Business Committee held an October 3 hearing on expanding opportunities for small businesses through the tax code. Senate lawmakers examined tax reform’s effect on small businesses and discussed witnesses’ proposals to address ambiguity in the new tax code. [...]
For guidance on this new Accounting Standards Update, contact Linda Gabor, CPA, CFE at 315.701.6346 or firstname.lastname@example.org. Attention donors, grantors, creditors, and other financial statement users! As a result of a recent Financial Accounting Standards Board Accounting Standards Update (FASB [...]
Homeowners will be hurt financially by last year’s tax reform, according to a new House Democratic staff report. The report alleges that real estate developers will primarily benefit from the new tax law at the expense of homeowners. The Democratic staff [...]
President Donald Trump and House GOP tax writers discussed "Tax Cuts 2.0" in a July 17 meeting at the White House. The next round of tax cuts will focus primarily on the individual side of the tax code, both Trump and House Ways [...]
The Tax Cuts and Jobs Act brought the biggest changes to both individual and corporate taxes seen in the past 30 years. Included in those changes was IRC Section 199A, which is a new section of the tax code that introduces [...]
The 2017 Tax Cuts and Jobs Act has changed the tax law for 2018. As a result, the 2018 federal income tax withholding tables have also changed. Unfortunately, we have found that the new tax withholding tables are not always withholding [...]
Adam E. Panek, CPA Most taxpayers can claim one personal exemption for themselves and, if married, one for their spouse. This helps reduce their taxable income on their 2017 tax return. They may also be able to claim an [...]
It's Tax Time! Have you scheduled your tax appointment? Contact our office today and schedule your appointment. Call main reception at 315.424.1120 or Tammy Kiesa at 315.701.6350 or email@example.com. Let our professionals optimize your financial opportunities for you!
The start of a New Year presents a time to reflect on the past 12 months and, based on what has gone before, predict what may happen next. Here is a list of the top 10 developments from 2017 that may [...]
The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use [...]