INDUSTRY NEWS 2018-02-07T21:17:43+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.

Upcoming Changes for Not-for-Profit Organization Financial Statements

For guidance on this new Accounting Standards Update, contact Linda Gabor, CPA, CFE at 315.701.6346 or lgabor@gsacpas.com.   Attention donors, grantors, creditors, and other financial statement users!   As a result of a recent Financial Accounting Standards Board Accounting Standards Update (FASB [...]

August 22nd, 2018|

Tax Reform Hurts Homeowners, House Democratic Report Says

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 [...]

August 15th, 2018|

Trump, House GOP Lawmakers Discuss Tax Cuts 2.0

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 [...]

August 15th, 2018|

The 2017 Tax Cuts and Jobs Act

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 [...]

February 22nd, 2018|

It’s Tax Returns Preparation Time

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 tkiesa@gsacpas.com.    Let our professionals optimize your financial opportunities for you!  

February 6th, 2018|

Top 10 Tax Developments with Impact on 2018

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 [...]

January 18th, 2018|

Standard Mileage Rates for 2018 Up from Rates for 2017

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 [...]

December 14th, 2017|

The Equifax Breach – 5 Steps to Help Protect Your Identity

As you've likely already seen and heard plenty of news regarding the recent Equifax data breach, we've put together a summary of key information and steps you should take to protect your identity and minimize your chances of being a victim [...]

September 20th, 2017|