News & Events

It’s Official: Governor Signs Paid Sick Leave

Paid Sick Leave

On September 28, 2017 Governor Gina Raimondo signed into law the paid sick leave bill passed by the General Assembly in a special session earlier this month. If you are a business in Rhode Island with 18 or more employees, beginning July 2018, workers will able to take up...

President Trump’s Tax Reform Framework Summary

Tax Reform Framework

The following is a summary of the key points of the proposed tax reform framework; future changes can be expected. We will keep you informed of any significant legislation that would affect you, and/or your business. Business 20% corporate tax rate 25% maximum tax rate applied to business income...

More Details Shared Regarding RI Tax Amnesty

RI Tax Amnesty

-By David Lichtenstein, CPA, MST On September 27, 2017, the Rhode Island Division of Taxation ("The Division") provided a summary of amnesty information (see below) so taxpayers can be prepared when the program begins in December. In November, approximately 90,000 Rhode Islanders will be receiving account balance statements (along...

R&D Tax Credit: Could Your Company Qualify?

R and D Tax Credit

Is your company overlooking a potentially lucrative tax credit? Many contractors don’t realize that some of the work they do might qualify for the federal Credit for Increasing Research Activities, more commonly referred to as the R&D tax credit. In fact, some experts estimate that less than a third of...

New Business Travel Per Diem Rates

Business Travel Per Diem Rates

Should your business use per diem rates for travel reimbursement? Updated business travel per diem rates go into effect October 1. To simplify recordkeeping, they can be used for reimbursement of ordinary and normal business expenses incurred while employees travel away from home. Per diem advantages As long as...

If Sir-Tax Could Write Prescription Drug Warnings

by David Lichtenstein, CPA, MST PROCRASTINATE DRUG: Notifying your accountant at the last minute that you are selling your business, and you just want him/her to "review" the purchase & sale documents, just to make sure that you aren't missing anything. DRUG WARNING: Engaging in such an activity...

Latest Data Breach: Protect Yourself

Data breach

[caption id="attachment_2347" align="alignright" width="300"] Scam email example with phishing links.[/caption] Cyber criminals have stolen 143 million credit records in the recent hacking scandal at big-three credit bureau Equifax. At this point you have to assume that the bad guys have highly personal information that they can use to trick...

Sansiveri Promotes Andrew de Labry and Damian Puerini

Sansiveri is pleased to announce the promotions of Andrew de Labry, CPA, to Manager and Damian Puerini, CPA, to Supervisor. Andrew provides audit and consulting services to a variety of the firm’s clients, including non-profit organizations and manufacturing & distribution companies. He evaluates internal control policies, and accounting procedures,...