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January 2019

Proposed Regs Provided for Code Sec. 163(j) Limit

The IRS has proposed regulations on the limitation on the business interest expense deduction under Read more [...]

Deductions Denied to Medical Marijuana Dispensary

A nonprofit corporation that operated a medical-marijuana dispensary legally under California law Read more [...]

2019 Standard Mileage Rates Released

The IRS released the optional standard mileage rates for 2019. Most taxpayers may use these rates Read more [...]

Guidance Issued on Nondeductible Portion of Parking Fringe Expenses and UBTI

The IRS has provided guidance and examples for calculating the nondeductible portion of parking expenses. Read more [...]

Guidance on Tax Benefit for Stock Options and Restricted Stock Units

The IRS has released initial guidance on the new Code Sec. 83(i), added by the 2017 Tax Cuts and Read more [...]

Proposed Regs Address Foreign Tax Credit Changes

Highly anticipated foreign tax credit regulations have been issued that provide guidance on the significant Read more [...]

Proposed Regulations Provide Guidance on Base Erosion and Anti-Abuse Tax (BEAT)

Proposed regulations provide much anticipated guidance on the base erosion and anti-abuse tax (BEAT) Read more [...]

Accounting Method Procedures Simplified for Complying with AFS Deadline for All Events Test

The IRS will grant automatic consent to accounting method changes to comply with new Code Sec. 451(b), Read more [...]

Relief from “Once-In-Always-In” Condition for Excluding Part-Time Employee Deferrals Under 403(b) Plan

The IRS has issued transition relief from the "once-in-always-in" condition for excluding part-time Read more [...]

Guidance on 2019 Withholding Rules

The IRS has provided interim guidance for the 2019 calendar year on income tax withholding from wages Read more [...]

Regulations to be Issued on Controlled Foreign Corporations’ Previously Taxed Earnings and Profits

The IRS and the Treasury intend to provide regulations that will address issues affecting foreign corporations Read more [...]

December 2018

November 2018

October 2018

September 2018

IRS Releases Guidance for Section 199A Pass-Through Deduction

The IRS has released long-awaited guidance on new Code Sec. 199A, commonly known as the "pass-through Read more [...]

Proposed Regs on Pass-Through Deduction Generate Mixed Reviews

The IRS’s proposed pass-through deduction regulations are generating mixed reactions on Capitol Read more [...]

July 2018

Flaherty Salmin CPAs Feature Story in Affordable Housing News

Check out the feature story on Flaherty Salmin CPAs in the Summer edition of the trade magazine Affordable Read more [...]

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 [...]

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…

Additional Partnership Audit Regs Tackle Basis/Capital Accounts

New proposed regulations under the centralized partnership audit regime address how and when partnerships Read more [...]
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