News & Events

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...

Help for Health Care Entities’ Financial Reporting Requirements

ASU 2016-17

For Health Care Entities structured as a not-for-profit organization, the AICPA has recently released guidance for implementing FASB Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities. The ASU 2016-14 significantly changes the way all not-for-profit organizations classify net assets and prepare financial statements and is...

2017 December News in Review

Sansiveri’s 2017 December News in Review is a summary of news, events and links that we shared throughout the month of November. Just in case you missed an earlier post or email, this issue includes information on whether purchasing assets for your business will reduce your 2017 tax bill;...

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...

2017 Year-End/Year-Round Tax Planning Guide

2017 Tax Guide

At Sansiveri, our tax professionals are dedicated to helping you maximize your income through a variety of valuable tax-saving strategies. As part of our commitment to being your most trusted advisor, you can sign-up below to receive a free copy of our 2017 Year-End/Year-Round Tax Planning Guide. This year, taxpayers...

Will Purchasing Assets For Your Business Reduce Your 2017 Tax Bill?

Reduce Your 2017 Tax Bill

Two valuable depreciation-related tax breaks can potentially reduce your 2017 tax bill if you acquire and place in service qualifying assets by the end of the tax year. Tax reform could enhance these breaks, so you’ll want to keep an eye on legislative developments as you plan your asset purchases....