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.
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) Is Enacted Into Law
This information is a limited summary of some of the major provisions of this new law. Obviously it is complex and extensive. If you have any questions, please contact our office to further expand on how we may be able to [...]
U.S. Department of Labor – Families First Coronavirus Response Act: Employee Paid Leave Rights Summary
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s (Department) Wage and Hour Division (WHD) [...]
How to Manage COVID-19 Related Business Risks
The coronavirus (COVID-19) outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to the virus, business owners and managers face an uncertain and [...]
Federal Tax Relief to Alleviate COVID-19 Hardships
The coronavirus (COVID-19) pandemic has already had widespread effects on the U.S. economy. Demand for many goods and services has stalled. Unemployment claims have skyrocketed. And many schools and businesses are operating online — if at all. Life has changed dramatically [...]
2nd Message Regarding COVID-19
Grossman St. Amour CPAs is taking additional steps to protect the health of our clients and our employees as we monitor and follow the guidance of Onondaga County in connection with COVID-19. In addition to cancelling all face-to-face meetings, we will [...]
Message Regarding COVID-19
Grossman St. Amour CPAs is facing tough choices with the spread of COVID-19. Our priority is to protect the health of our clients, employees and families, while keeping the work that we do for you moving forward. We are writing to [...]
Energy Saving Items Now Provide 2018 and 2019 Tax Credit
By Adam L. Kroft, CPA Adam L. Kroft, CPA, Supervisor, works in the tax services group and practices in the areas of income tax preparation, payroll and sales tax return preparation, and bookkeeping. For guidance on the tax-extenders provision for energy [...]
“Popping the Question” About Charitable Giving: Gary Grossman
The Central New York Community Foundation posted this Q & A to their News Blog on February 25, 2020. A U.S. Trust study found that people want their financial advisors to ask them about charitable giving. In fact, a third of clients surveyed [...]
Filing taxes 101: Common errors taxpayers should avoid
Filing a tax return electronically reduces errors because the tax software does the math, flags common errors and prompts taxpayers for missing information. Using a reputable tax preparer – including certified public accountants, enrolled agents or other knowledgeable tax professionals – can also [...]
Things taxpayers should remember when searching for a tax preparer
The tax filing season is upon us, and many people will be looking for someone to help them file a tax return. These taxpayers should choose their tax return preparer wisely. This is because it's ultimately the taxpayer who is responsible [...]