Expanded Tax Credits for Some Energy Efficiency Home Improvements
The Inflation Reduction Act of 2022 extended and expanded many energy tax incentives. This article will focus on energy credits available to individuals for making qualified energy efficient or clean energy home improvements. Beginning January 1, 2023 and continuing through December 31, 2032, the Energy Efficient Home Improvement Credit provides a credit equal to 30 […]
Winter 2024 Small Business Newsletter
The new Winter 2024 Small Business Newsletter – click here to read/download our new issue with important information to assist you in operating your business successfully.
Careers: Three Key Activities to Advance Your Accounting Career
From Intern to Accounting & Auditing Manager: Why networking, growing your contacts and developing your personal brand are so important. By Alexis Weber, CPA Accounting & Auditing Manager Tronconi Segarra & Associates LLP As an Accounting & Auditing Manager at Tronconi Segarra & Associates, I wanted to share my journey and career path with young […]
Employee Retention Credit Update
Update – January 24, 2024 There have been several recent updates to the Employee Retention Tax Credit (ERTC) filing deadline along with important developments regarding the Special Withdrawal Process and the Voluntary Disclosure Program. This recorded webinar will provide you with an update on the status of these programs as of January 24, 2024. Click […]
Fall 2023 Newsletter & Annual Payroll/IRS Form 1099 Update
As always, we strive to bring you important and relevant information to help you run your business smoothly. Click here to view/download our most recent newsletter.
Updates: Affordable Care Act Reporting & Employee Affordability
As 2023 comes to a close, the ACA Compliance Team at Tronconi Segarra & Associates is once again ready to assist with the reporting associated with the ACA employer mandate. If your business employed 50 or more full-time employees during 2023 (including full-time equivalents), you may be subject to the ACA 1094 and 1095 reporting […]
Form 1099 Updates & Reminders
New: e-filing threshold LOWERED for information returns, AND A NEW ELECTRONIC INFORMATION RETURNS INTAKE SYSTEM Beginning with tax year 2023, for anyone needing to file 10 or more information (IRS Form 1099) returns, paper-filing is no longer permitted; these forms must now be filed electronically. This may include Forms 1099-MISC, 1099-NEC and 1099-INT, which are […]
Payroll Tax Reminders
NYS Paid Sick Leave: New York’s paid sick leave law requires employers to provide up to 56 hours (7 days) of paid sick leave to employees. This requirement is based on the employer’s number of employees and net income. For example, employers with 5 to 99 employees must provide up to 40 hours of paid sick leave […]
Personal Financial Planning from Lisa A. Mrkall, CPA, MBA
Welcome to the inaugural article in a series of articles addressing various topics and questions our clients have brought to us as their trusted advisors related to personal financial planning. Our individual and business clients are facing new challenges every day in this very dynamic economic environment. Many of these challenges are related to saving […]
Tools, Tips & Tidbits: Tax Year 2023 & 2024 Key Amounts
Standard Deduction: – Married filing jointly — $27,700 – Married filing separately — $13,850 – Head of household — $20,800 – Single — $13,850 Additional for Elderly (over age 65): – Married filing jointly — $1,500 – Single — $1,850 Child Tax Credit: – Credit — $2,000 – Maximum refundable — $1,600 – Phase-out — […]