Many CPA firms are built around compliance. They file returns, track deadlines, and ensure forms are submitted correctly. That works, until a business starts operating across multiple states. When companies expand geographically, state and local tax (SALT) complexity increases dramatically. Nexus rules, apportionment formulas, pass-through entity tax elections, and audit exposure can all create significant…
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Beginning January 1, 2026, significant changes to the federal tax treatment of charitable contributions will take effect. These updates impact individual taxpayers across all income levels as well as corporations, altering how and when charitable gifts generate a tax benefit. Understanding these new rules is essential for effective tax planning and informed charitable giving. Charitable…
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Effective January 1, 2026, several federal tax law changes are set to take effect that may impact both businesses and individual taxpayers. Two of the most notable updates involve meal expense deductions and gambling loss limitations. Understanding these changes now can help you plan ahead, avoid surprises, and ensure expenses are categorized correctly. Meal Expense…
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Please join us in congratulating Sophia Tagliafierro on graduating summa cum laude from Siena College with a bachelor’s degree in accounting and on officially accepting a full-time role at Bucknam & Conley CPAs. Sophia joined our firm in 2023 as a part-time team member while completing her degree, quickly proving herself to be a dedicated, detail-oriented,…
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Each year, the Saratoga Hospital Foundation’s Flower & Fruit Mission hosts The Snow Ball—a signature winter gala that brings together local professionals, supporters, and neighbors to celebrate generosity, community, and the incredible impact of philanthropy on women’s healthcare in Saratoga County. This year, it was held at the Canfield Casino on Saturday, December 6th, 2025….
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Construction and manufacturing companies face unique tax challenges due to long production cycles, complex project accounting, volatile material costs, and frequent equipment purchases. The good news: these same characteristics create significant opportunities for tax savings when businesses use the right strategies. Whether your company builds, fabricates, or produces, proactive tax planning can improve cash flow,…
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We’re excited to congratulate Tori and Maddi on completing Levels 1 and 2 of the QuickBooks Online ProAdvisor Certification! Their expanded expertise strengthens our ability to support clients with accurate, efficient, and cloud-based accounting. Reach out to learn how Tori or Maddi can support your business’s bookkeeping and QuickBooks needs!
Don’t wait until tax season — now’s the time to take action. As we approach the end of 2025, it’s time to focus on strategic moves that can reduce your business’s tax liability. Here are the top tax planning strategies to consider before December 31: Take Advantage of Section 179 & Bonus Depreciation If you’ve…
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The Internal Revenue Service (IRS) is warning taxpayers about a surge in fraudulent tax schemes circulating online — particularly on social media — that encourage the misuse of credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. Since 2022, thousands of taxpayers have been misled by false claims suggesting that…
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We are thrilled to share some exciting news. Maddi officially passed the CPA exam on August 25, 2025! This incredible achievement is a reflection of Maddi’s hard work, determination, and commitment to the accounting profession. We couldn’t be prouder of the dedication she showed while balancing professional responsibilities and rigorous study hours. Please join us…
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