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.

How to Make the Tax Code Work for You

By April 20, 2018, 138 million taxpayers had dutifully filed their federal income tax returns, and all of them made decisions about deductions and credits — whether they knew it or not. When you take the time to learn more about how [...]

March 7th, 2019|

How to Prevent Fraud at Your Organization

Linda Gabor, CPA, CFE Mark R. Ciaralli, CPA, CFE For guidance on how to prevent fraud within your organization, contact our Certified Fraud Examiners:   Linda Gabor, CPA, CFE 315.701.6346   Mark R. Ciaralli, CPA, CFE [...]

February 22nd, 2019|

New Audit Rules for Partnerships and LLCs Taxed as Partnerships

Congress recently enacted significant changes to partnership audit and adjustment rules known as the Centralized Partnership Audit Regime (CPAR).   These new rules are in place effective tax years beginning January 1, 2018 and affect all taxpayers who conduct business through partnerships [...]

February 8th, 2019|

Deduction for state and local taxes

New limit! For 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) limits your entire deduction for state and local taxes — including property tax and either income tax or sales tax — to $10,000 ($5,000 if you're married filing separately). This will have [...]

February 5th, 2019|

Impacts of ASU 2016-14

By Christina R. Ondrako, CPA       As mentioned in our article dated August 2018 by Linda Gabor, CPA, CFE, there is new financial statement presentation guidance issued by the Financial Accounting Standards Board (FASB).   Below is a detailed walk [...]

January 17th, 2019|

2018-2019 Tax Planning Guide

Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning.   Download your free 2018-2019 Tax Planning Guide here.         Contact us to learn we can help you optimize your financial opportunities.

November 30th, 2018|