Beneficial Ownership Information Reporting Due Jan. 1, 2025
The new Beneficial Ownership Reporting (BOI) requirement put into effect by the Corporate Transparency Act is applicable for all legal entities formed in the United States or non-U.S. entities registered to do business with a state government. Each legal entity formed in the United States before January 1, 2024, must report their beneficial ownership to […]
Annual Payroll-Form 1099 Update – Fall Small Business Newsletter
Our final and most important newsletter of 2024 because it includes key updated payroll and IRS Form 1099 information for small businesses. Plus, many interesting articles in our newsletter, including the launch of our new “Personal Financial Planning” article series by our Partner, Lisa Mrkall, CPA/PFS, MBA. Click here to view/download this newsletter.
Contractor Vs. Employee: No Longer Just “Follow the Money”
In a previous article, “Contractor Vs. Employee: What Are the Differences?”, we looked at the ways to determine whether an individual is an employee or independent contractor by introducing the categories for the degree of control and independence – Behavioral Control, Financial Control, and Type of Relationship. In this article, we will compare the personnel […]
Webinar Rewind: Sales & Use Tax Exemptions for Manufacturers
Knowing what sales and use tax exemptions may apply to your manufacturing process is critical to achieving the most cost efficient process for your product(s). In turn, this contributes to your overall profitability, cash flow, and so much more. In this Webinar Rewind, SALT Partner Tom Mazurek and SALT Senior Analyst Gerad Levey discuss these […]
IRS Announces Hurricane Debby Tax Relief for Affected States
The IRS announced on August 9, 2024, that tax relief is available for individuals and businesses in specific counties in North Carolina, South Carolina, Georgia and Florida affected by Hurricane Debby. The IRS updates eligible disaster relief locations on its “Tax relief in disaster situations” web page. Full information about this IRS relief may be […]
Board Management and Governance for Not-for-Profit Organizations
In this “Webinar Rewind,” Anthony Pezzino, CPA, Principal, discusses the pivotal role a not-for-profit organization or foundation’s Board of Directors plays in navigating the complexity of the organization, fostering innovation, and addressing any crises that may arise, all while remaining aligned with the organization’s mission and values. A strong Board is the bedrock of any […]
Estate Planning and Preparing for 2026 Changes
When most people hear the words “estate planning,” they typically tune out the information that follows, assuming this process applies only to the ultra-wealthy. Contrary to common thinking, the benefits of estate planning are not at all exclusive to this group. Most, if not all individuals and married couples should consider estate planning in a […]
NYS Secure Choice Savings Plan
Several years ago, New York State enacted a law to make the Secure Choice Savings Plan (SCSP) mandatory for certain employers. Secure Choice is a retirement savings plan for private-sector employees who are not offered a retirement plan through their workplace, which will encourage more people to save for retirement. The law provides that an […]
Smart Money Management Tips
Small steps can lead to big improvements in monetary habits. In this article we will share best practices regarding your finances that can be beneficial for both businesses and individuals. Pay Yourself First Financial advisors suggest that people should begin funding their retirement accounts as soon as they start working. The compounding effect will allow […]
Take the Leap into QuickBooks Ledger
Introducing a new cost-effective solution that was designed for accountants by accountants for clients to use! QuickBooks Ledger is an ideal solution for small businesses, particularly those transitioning from the desktop version to cloud-based accounting. Key features and benefits Affordability: Priced at $10 per month, QuickBooks Ledger is cost-effective for small business-es, removing the barrier […]