Did You Make a Roth IRA Contribution This Year? Tell Your Accountant. Roth IRAs can be an excellent retirement savings tool, offering the potential for tax-free qualified withdrawals in retirement. However, one of the most common misconceptions taxpayers have is that “Roth” automatically means “nothing needs to be reported on the tax return.” In…
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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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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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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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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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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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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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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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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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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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