Tax Consulting & Compliance

Valuable Deduction for Pass-Thru Businesses

Although the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21% may be one of the most talked about provisions of the Tax Cuts and Jobs Act (TCJA), C corporations aren’t the only type of entity significantly benefiting from the new...

Gift Giving After the Holidays

Gift Giving After the Holidays

-by Catherine Parente, CPA/ABV/CFF, CVA, CFE, MAFF, Partner The holidays are just about over as we approach the new year. Along with the new year is a new tax law which keeps the federal estate and gift taxes intact, but doubles the amount of wealth that is exempt from these taxes....

2017 Tax Reform

2017 Tax Reform

Last-Minute Year-End Moves in Light of Tax Cuts and Jobs Acts As you may be aware, the President has signed the biggest tax reform law in thirty years, which will make fundamental changes in the way you, your family and your business calculate your federal income taxes. Since most of...

Susan B. Windle Named Partner of Sansiveri

Sansiveri is pleased to announce that Susan B. Windle, CPA, MST, has been named a partner of the firm. Susan has over 30 years of public accounting experience, providing advisory, tax planning, and tax compliance services for corporate, partnership and individual tax clients. Susan counsels clients in ways to structure...

New 2018 Mileage Rates Announced

2018 Mileage Rates

Mileage Rates for 2018 The IRS has revised its optional standard 2018 mileage rates to be used to calculate the deductible costs of operating an automobile, van, pick-up or panel truck that is used for business, medical or moving purposes, or charitable service.  Beginning on January 1, 2018, the...

Should You Buy a Business Vehicle Before Year End?

One way to reduce your 2017 tax bill is to buy a business vehicle before year end. But don’t make a purchase without first looking at what your 2017 deduction would be and whether tax reform legislation could affect the tax benefit of a 2017 vs. 2018 purchase. Your...

Accrual-Basis Taxpayers: These Year-End Tips Could Save You Tax

Accrual Basis Taxpayers

With the possibility that tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, 2017 may be an especially good year to accelerate deductible expenses. Why? Deductions save more tax when rates are higher. Timing income and expenses can be...

Giving Tuesday Could Mean More This Year

Get the Most From Giving Tuesday -by Elizabeth Resendes, CPA, MST Giving Tuesday, November 28, 2017, is the official kick-off to the annual charitable season when people are encouraged to donate to their favorite nonprofit organizations.  As we approach the end of the year, strong markets and possible tax reform...