Success Story: Significant Sales Tax Refund for Not-for-Profit
As we truly partner with our clients, we work hard to provide solutions beyond the obvious and the ordinary. This happens by working with our clients closely to identify areas of opportunity and improved business strategies. Some solutions are quick and easy, and others require us to roll up our sleeves to find the right […]
Handling Matters After the Death of a Family Member or Loved One
As your trusted advisor, your CPA at Tronconi Segarra & Associates is by your side during the many chapters of your life. We support our clients through times of prosperity and expansion in their businesses and personal lives, as well as during times of hardship, challenges and change. One such time is when a family […]
Questions Surrounding Sole Proprietors
Let’s dive into some of the more frequently asked questions surrounding sole proprietorships: Who is a sole proprietor? A sole proprietor can be an independent contractor or an individual that owns and operates a business and generates self-employment income. The business may have been formed by filing for a “DBA” (doing business as) or by […]
Understanding & Evaluating Your Personal Financial Statements
We often think of financial statements in the context of the business world where they are common place and are frequently used to gauge financial performance, determine a company’s value, satisfy bank and loan requirements, aid in strategic planning, amongst a host of other uses, the list is endless. On the flipside, we will focus […]
QuickBooks Desktop Changes Coming
There are two upcoming dates that will affect many QuickBooks Desktop users. One is imminent and may require immediate action for those that have not already begun the update process. The second must be addressed this summer. May 31, 2024 There are several versions of QuickBooks that will no longer be supported by Intuit after […]
Say “Hello” to a New Design for Estimates & Invoices in QBO
As of May 6, 2024, Intuit QuickBooks Online released a new layout for estimates and invoices built on an enhanced tech platform for faster feature delivery. Don’t worry, your existing data will remain intact and easily accessible. If you receive QuickBooks payments, you can also add options like PayPal and Venmo, along with other available […]
Coming Increase in Internal Revenue Service (IRS) Audits
The IRS Commissioner announced as part of its strategic plan, the intention to ramp up audits over the next three years as it looks for additional revenue, but not every group of taxpayers will face more scrutiny. The agency reiterated it won’t boost enforcement for taxpayers that earn less than $400,000 annually, at least for […]
Webinar Rewind: Financial Efficiency With Outsourced Accounting
Are you a business owner struggling to find the time to keep up with your financial recordkeeping? Do you need accounting or bookkeeping assistance but have no idea where to find reliable, trustworthy help? The most efficient solution for you could be using the outsourced accounting and bookkeeping services from SingleSource Accounting, LLC, powered by […]
Webinar Rewind: A Different Way of Thinking About Exit Planning
Tronconi Segarra & Associates’ professionals Mark Ferm, CPA, and Patrick Sullivan, CPA, discuss the generational shifts taking place in business ownership today, and the attitudes of business owners about why they own businesses and what that means to their personal and professional goals. Specifically, our experts discuss the challenges most business owners encounter when they […]
Webinar Rewind: Sales Tax Audits
Sales Tax Audits: Managing the Process to Minimize Liabilities In this recorded webinar, Tronconi Segarra & Associates SALT professionals Tom Mazurek, Jr., CPA, Partner, and Kaitlin Pashina, CPA, Manager, discuss how to prepare for a New York State sales & use tax audit, manage the audit process, what to consider after the audit, and other […]