News & Events

A Breakthrough Opportunity for Investors

Harness the Power of Opportunity Zones   First, what is an Opportunity Zone? An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. A brand new way to spur growth Investing in Opportunity Zones is a socially responsible decision that...

Meet Jason DaPonte, our new Managing Partner

Jason DaPonte introduced himself with this cover letter in '08. A decade later, he's leading us into the future as the fourth Managing Partner in Sansiveri's 43-year history. Leadership Transition for Sansiveri, Kimball & Co., LLP Firm’s Newest Managing Partner Among the Youngest in Rhode Island. October 3, 2018 (Providence,...

Looking Forward: A Letter from Our Former Managing Partner

I want to begin by saying thank you. During the course of my time at Sansiveri, I've made connections and memories that will last a lifetime. Leading our firm for the past nine years as Managing Partner has been a remarkable privilege, to say the least. As you may have...

2018 August News in Review

2018 August News in Review

Sansiveri’s 2018 August News in Review is a summary of news, events and links that we shared throughout the month of July. Just in case you missed an earlier post or email, this issue includes information about the business deductions for meal, vehicle and travel expenses; payroll tax obligations; the...

How to Handle Business Deductions for Meal, Vehicle and Travel Expenses

Document and Segregate Meal and Entertainment Expenses Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your deductions denied by the IRS. A Critical Requirement Subject to various rules and limits, business meal (generally 50%), vehicle and travel...

Qualified Business Income Deduction Limit

Qualified Business Income

Close-up on the New QBI Deduction’s Wage Limit The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S corporations...

Business Owners – What Are Your Payroll Tax Obligations?

Payroll Tax

How to Avoid Getting Hit With Payroll Tax Penalties For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. (Those tables account for changes under the...