Tax News from Bucknam & Conley

Bucknam & Conley Attends SHERO Fund Event Featuring Leaders in Horse Racing and Sports Wealth

Bucknam & Conley was proud to attend the SHERO Fund’s Women’s Equality Day event in Saratoga Springs this week, joining an inspiring community of women leaders, entrepreneurs, and professionals focused on growth, leadership, and financial empowerment. The event brought together attendees from a variety of industries for a day of education, networking, and meaningful conversations…
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FinCEN Ends BOI Reporting Requirements for Most U.S. Businesses

In a significant regulatory change, the Financial Crimes Enforcement Network (FinCEN) has finalized a rule that permanently eliminates Beneficial Ownership Information (BOI) reporting requirements for U.S. companies and U.S. persons under the Corporate Transparency Act (CTA). The final rule became effective upon its publication in the Federal Register on August 11, 2026. Under the revised…
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Why Private Equity Firms Need Specialized Tax and Accounting Support

Private equity firms operate in an increasingly sophisticated investment environment. As funds grow larger, investment structures become more complex, and regulatory requirements continue to evolve, tax and accounting considerations have become critical drivers of both operational efficiency and investor satisfaction. From fund formation and partnership tax compliance to investor reporting and multistate tax obligations, private…
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Supporting a Mission That Heals: Our Visit to Therapeutic Horses of Saratoga’s Charity Benefit Concert

This past Saturday, our team had the privilege of attending the Therapeutic Horses of Saratoga (THS) Charity Benefit Concert, an inspiring community event that brought people together to support a truly meaningful cause. The annual benefit concert, held at the organization’s farm in Saratoga Springs, has become a signature summer tradition dedicated to raising awareness…
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Belmont Stakes Festival 2026 in Saratoga Springs | Horse Racing Accounting & Tax Services

Every June, the eyes of the horse racing world turn toward one of the sport’s most celebrated events, the Belmont Stakes. In 2026, the Belmont Stakes Racing Festival returns to Saratoga Race Course from June 3 through June 7, bringing together elite Thoroughbred competition, horse owners, racing partnerships, breeders, trainers, industry professionals, and racing enthusiasts…
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Understanding IRS Notice CP53E: Why You May Receive a Refund You Shouldn’t Cash (Yet)

A recent Executive Order 14247, “Modernizing Payments To and From America’s Bank Account” has introduced updates to available direct deposit options. Under these changes, individual taxpayers may now be able to provide a new or updated bank account for receiving their tax refund via direct deposit, provided certain conditions are met. If you or your…
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Expert Tax Solutions for the Real Estate Industry

Navigating the complex world of real estate taxation requires more than just number crunching, it demands industry-specific expertise. At Bucknam & Conley CPAs, we’ve built a reputation as trusted advisors to real estate investors, developers, and property owners. Our specialized knowledge ensures that clients maximize opportunities while staying compliant with ever-changing tax laws. Why Real…
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Wendy Gifford-Garnsey Passes CPA Exam!

We are thrilled to share some exciting news. Wendy officially passed the CPA exam on March 12th, 2026! This incredible achievement reflects Wendy’s hard work, determination, and dedication to the accounting profession. We couldn’t be prouder of the commitment she demonstrated while balancing her professional responsibilities with the demands of intensive study. Please join us…
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New York Secure Choice Savings Program

What New York Employers Need to Know New York State is rolling out the New York Secure Choice Savings Program, a new retirement savings initiative designed to help employees who do not have access to a workplace retirement plan save for the future. This program will affect many private-sector employers across New York, introducing new…
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3 Financial Reports Every Business Owner Should Review Monthly

Whether you’re reviewing numbers over your morning coffee or sorting through receipts at the end of a long week, understanding your business’ financial reports is one of the most powerful ways to stay in control of your business. At Bucknam & Conley CPAs, we often remind clients that successful financial management comes from consistently reviewing…
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