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May 2018

2018 Best of Accounting Award

Flaherty Salmin CPAs Earns Inavero’s 2018 Best of Accounting™ Award for Client Service Excellence ROCHESTER, Read more [...]

April 2018

Trump Signs Government Funding Bill; Tax Provisions Included

Just hours before government funding was set to expire, President Trump on March 23 signed the bipartisan Read more [...]

AICPA Renews Call for 199A Guidance

The American Institute of CPAs (AICPA) has renewed its call for immediate guidance on new Code Sec. Read more [...]

Trump, House Republicans Discussing Phase-Two of Tax Reform

A top House tax writer has confirmed that House Republicans and the Trump administration are working Read more [...]

House Lawmakers Examine Tax Extenders

The House Ways and Means Tax Policy Subcommittee held a March 14 hearing in which lawmakers and stakeholders Read more [...]

IRS Issues Guidance on Transition Tax Filing and Payment Requirements

The IRS has released Frequently Asked Questions (FAQs) to address a taxpayer’s filing obligations Read more [...]

Conviction for Obstructing Tax Administration Reversed

The U.S. Supreme Court reversed an individual’s conviction for obstructing tax law administration. Read more [...]

March 2018

2018 Top Workplaces Award

The Rochester Democrat and Chronicle Names Flaherty Salmin CPAs A Winner Of The Rochester 2018 Top Workplaces Read more [...]

Chili Cook-off February 12, 2018

The Firm’s annual Chili Cook-off was once again big success! Thank you to everyone who brought in their Read more [...]

Happy Pi Day 2018!

Having an argument with homemade pi just goes around in circles…

Treasury Moves To Repeal 298 Unnecessary, Obsolete Regulations

The Treasury Department has proposed repealing 298 regulations. According to the Treasury, the targeted Read more [...]

IRS Issues Guidance On Accounting Period Changes By Foreign Corporations To Prevent Avoidance of Transition Tax

The IRS has issued guidance for certain specified foreign corporations owned by U.S. shareholders subject Read more [...]

November 2017

FAQ: How does a business handle holiday gift-giving?

Holiday gifts made to customers are generally deductible as ordinary and necessary business expenses Read more [...]

How do I? Compute the Nanny Tax

Nanny tax. For purposes of federal tax, employers must withhold and pay FICA taxes (7.65%) if they paid Read more [...]

Tax reform takes on new momentum as year-end approaches

Tax reform discussions continue on Capitol Hill with legislation expected to be released very soon. GOP Read more [...]

IRS reminds taxpayers of ACA requirements; White House seeks administrative changes

As the 2018 filing season nears, the IRS is reminding taxpayers that the Affordable Care Act (ACA) remains Read more [...]

Year-end tax planning for 2017: challenges/opportunities

Year-end tax planning can provide most taxpayers with a good way to lower a tax bill that will otherwise Read more [...]

November 2017 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting Read more [...]

February 2017

Updated New York State E-filing Requirement for Individual Taxpayers

New York State, in an effort to fight refund fraud, recently announced that taxpayers will need to provide Read more [...]
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