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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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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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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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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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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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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