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.
On Campus Recruiting at Syracuse University
Our CPAs, Mark R. Ciaralli, Audit Partner and Gianna F. Crooks, Tax Manager, recently attended the Meet the CPAs of CNY event at Syracuse University, where they had the pleasure of meeting many talented students and candidates eager to start their [...]
Fall 2024 On-Campus Recruiting Events
Grossman St. Amour CPAs is involved in many local college in-person events throughout the year recruiting for internship and staff accountant positions. Check out our calendar to see the events we are attending at your school. If you don't see your [...]
Received an IRS Notice? Here’s How to Respond
Adam L. Kroft, CPA is a Manager in the Tax Services Group. His practice areas include tax return preparation and planning for individuals, partnerships and corporations. His clients include manufacturing and retail distribution, physicians and medical practices, and various other industries. [...]
Empowering Excellence: Matthew J. Poteralski, CPA Completes Advanced Tax Training
We're thrilled to share that Matthew J. Poteralski, CPA, one of our talented staff accountants, recently attended a 4-day intensive tax training class hosted by PrimeGlobal, An Association of Advisory and Accounting Firms. The training focused on understanding business strategies, analyzing [...]
Tips for Small Businesses-How to Lower Taxes for 2024
Daniel F. Griffin, CPA, CVA, practices in the areas of income tax return preparation and planning for individuals, partnerships and corporations in several industries. He provides audit and attest engagements and financial statement preparation services. He has worked [...]
Alert: What Business Owners Need to Know About BOI Reporting
The Corporate Transparency Act (signed into law on January 1, 2021) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US. Beginning in 2024, many small businesses are required to report information about their [...]
7 Tax Breaks for Parents
It's challenging and expensive to be a parent. The average annual cost of raising a child in the United States is $21,681, after factoring in tax exemptions and credits, according to a 2023 study published by Lending Tree. That's an increase of [...]
ALERT: IRS Hits the Brakes on Employee Retention Credit by Danielle L. McMahon
On Thursday, September 14th, the IRS announced that it is putting an immediate pause on processing new Employee Retention Credit (ERC) claims until at least December 31, 2023. The IRS will continue to work through ERC claims received prior to the [...]
Handling Student Loan Debt
Starting September 1, 2023, federal student loans will begin accruing interest again. And loan payments will officially restart in October 2023. As part of federal relief measures during the COVID-19 pandemic, individuals with federal student loan debt weren't required to make payments, [...]
Federal Tax News for Individuals
What to Do if You Missed the Tax Day Deadline Did you miss the 2022 tax filing deadline? For most taxpayers, that was April 18, 2023. Taxpayers who are expecting a refund won't be penalized for late filing. But those who [...]