INDUSTRY NEWS2018-02-07T21:17:43+00:00

industry news

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.

Start Planning for Tuition with a 529 Plan

By:  Gianna Conte, CPA Gianna Conte, CPA is a supervisor in the tax department and has been with Grossman St. Amour CPAs since 2016.   Her areas of expertise include income tax return preparation, payroll and sales tax return preparation, financial statement [...]

December 10th, 2019|

Five Issues to Consider When Making Charitable Donations

Adam E. Panek, CPA, Partner, leads the tax practice at Grossman St. Amour CPAs.   Adam practices in the areas of individual, partnership and corporation tax return preparation and tax planning for individuals and businesses.   For more information about charitable donations, or [...]

December 3rd, 2019|

How to Avoid Underpayment of Estimated Tax Penalty

For guidance on estimated tax payments and withholding, contact Adam Panek, CPA, Tax Partner at apanek@gsacpas.com or call 315.701.6328. You can be subject to penalties if you don’t pay enough tax during the year through estimated tax payments and withholding. Here [...]

November 25th, 2019|

Why Roth IRAs are Tax-Smart for Teens

Amelia, 16, is starting her first part-time job this year.   Amelia's parents would like to get her to start forming good financial habits and into the habit of saving for the future.   So they asked their tax advisor for the most [...]

October 21st, 2019|

Scam Alert: Keep Up on the Latest

It's enough to cope with stock market gyrations and other variations of personal finance without having to do battle with a scammer bent on draining your bank account. Forewarned is forearmed, as the saying goes. What you don't want to hear [...]

September 19th, 2019|

Income Tax Withholding: How to get it right!

Kathleen Kaminski, CPA, Senior Tax Manager talks about one way to have some control over your tax liability.   Kathleen practices in the areas of individual, partnership, corporation, fiduciary, and not-for-profit tax return preparation.   She engages in tax planning for individuals and [...]

July 25th, 2019|

DOL Updates Guidance on Independent Contractor Status

The so-called "gig economy" challenges conventional practices between companies and the people who perform the work. A key question is: Are these workers independent contractors or employees? The U.S. Department of Labor (DOL) recently published a new wage and hour opinion [...]

May 30th, 2019|

Caring for Aging Parents

Thanks to healthier lifestyles and advances in modern medicine, the worldwide population over age 60 is growing. The United Nations estimates that by 2050 the number of people aged 60 and older will have more than doubled.¹ As our nation ages, [...]

May 16th, 2019|