Sickler, Torchia, Allen & Churchill CPAs PC

07/06/2022

STAC HAS SOME EXCITING NEWS!!

RBT CPAs and Sickler, Torchia, Allen & Churchill, CPAs Merge Effective July 1, 2022.

RBT CPAs, Inc. and Sickler, Torchia, Allen & Churchill CPAs – both leading accounting, auditing, consulting, and tax firms in the Hudson Valley – have merged their practices effective July 1, 2022, resulting in greater accessibility, depth of knowledge and expertise, state-of-the-art technology, and enhanced services for clients.
The combined organization will maintain their current locations, staff, fee structures, and client service teams. Mike Turturro said, “Over time, we look forward to bringing our organization’s enhanced capabilities to clients throughout the Hudson Valley and beyond to show why and how our two organizations are better together.”
Click to read full press release!

FOR IMMEDIATE RELEASE   RBT CPAs, Inc. and Sickler, Torchia, Allen & Churchill CPAs – both leading accounting, auditing, consulting, and tax firms in the Hudson Valley – have merged their practices effective July 1, 2022, resulting in greater accessibility, depth of knowledge and expertise, sta...

06/10/2022

BEST TAX PREPARER IN THE HUDSON VALLEY!
Sickler, Torchia, Allen & Churchill CPA's PC is a winner of Chronogram's Best of Hudson Valley! STAC won 1st place in the category of best tax preparer and runner up for best Financial Planner! Check out the Chronogram July issue for details!

06/01/2022

Employment Positions Available
Employment Opportunities
As a growing, prominent and well-established CPA firm, Sickler Torchia Allen & Churchill CPA's PC offer an excellent working environment with friendly professional co-workers and a very competitive compensation/benefits package.

Positions Available
We seek out employees who wish to work at a respected CPA firm and enjoy the Hudson Valley area of New York State. We would be pleased to consider qualified individuals from entry level to shareholder level as the need arises.

Contact Information
You may contact either of our offices by phone, e-mail, or fax as follows:
Lake Katrine, NY Office
Contact: Robert J. Allen
Telephone: (845) 336-7183
E-mail: [email protected]
Fax: (845) 336-7186

Hudson, NY Office
Contact: Michael A. Torchia, Jr.
Telephone: (518) 828-4616
E-mail: [email protected]
Fax: (518) 828-0235

05/31/2022

Estimated Tax Payments: The Facts
Estimated tax is the method used to pay tax on income that is not subject to withholding, including income from self-employment, interest, dividends, alimony, rent, and gains from the sale of assets, prizes, and awards. .....
Who has to pay estimated tax:

If you are filing as a sole proprietor, partner, S corporation shareholder, and/or a self-employed individual, you generally have to make estimated tax payments if you expect to owe tax of $1,000 or more when you file your return. If you are filing as a corporation, you generally have to make estimated tax payments for your corporation if you expect it to owe tax of $500 or more when you file its return.

FILING AND PAYING ESTIMATED TAXES
Both individuals and business owners may need to file and pay estimated taxes.....https://www.stac-cpa.com/newsletter.php #2

05/27/2022

Have a great Memorial Day weekend!

05/23/2022

Special Tax Benefits for Members of the Military
Military personnel and their families face unique life challenges with their duties, expenses, and transitions. As such, military members may qualify for tax benefits not available to civilians. For example, they don't have to pay taxes on some types of income. Special rules may lower the tax they owe or allow them more time to file and pay their federal taxes.
Learn more: https://www.stac-cpa.com/newsletter.php #4

Sickler, Torchia, Allen & Churchill CPAs PC are a full service CPA, tax, accounting, bookkeeping and business consulting firm located in Kingston (Lake Katrine) NY and Hudson, NY

05/19/2022

School is out for the summer, but tax planning is year-round

Now that the April filing deadline has passed, most people are spending more time thinking about summer vacations than taxes. However, summer is a great time to review withholding and see if summer plans will affect next year’s tax return. Below are some common summertime tax situations and tips to help taxpayers figure out if they apply to their tax situation.

Getting married-
Newlyweds should report any name change to the Social Security Administration. They should also report an address change to the United States Postal Service, their employers and the IRS. To report a change of address for federal tax purposes, taxpayers must complete Form 8822, Change of Address and submit it to the IRS. This will help make sure they receive the documents they will need to file their taxes.

Sending kids to summer day camp-
Unlike overnight camps, the cost of summer day camp may count towards the child and dependent care credit.

Working part-time-
While summertime and part-time workers may not earn enough to owe federal income tax, they should remember to file a return. They'll need to file early next year to get a refund for taxes withheld from their checks this year.

Gig economy work-
Taxpayers may earn summer income by providing on-demand work, services or goods, often through a digital platform like an app or website. Examples include ride sharing, delivery services and other activities. Those who do are encouraged to visit the Gig Economy Tax Center at IRS.gov to learn more about how participating in the gig economy can affect their taxes.

Normally, employees receive a Form W-2, Wage and Tax Statement, from their employer to account for the summer's work. They'll use this to prepare their tax return. They should receive the W-2 by January 31 next year. Employees will get a W-2 even if they no longer work for the summertime employer.

Summertime workers can avoid higher tax bills and lost benefits if they know their correct status. Employers will determine whether the people who work for them are employees or independent contractors. Independent contractors aren't subject to withholding, making them responsible for paying their own income taxes plus Social Security and Medicare taxes.

Remember to file their tax return if they got an extension-
People who requested an extension to October 17 or missed the April deadline should be sure to file their return. Many taxpayers can prepare and e-file tax returns for free with IRS Free File. MilTax online software is also available for the members of military and certain veterans, regardless of income. This software is offered through the Department of Defense. Eligible taxpayers can use MilTax to prepare and electronically file their federal tax returns and up to three state returns, for free.

Adjust withholding now to avoid tax surprises next year-
Taxpayers can avoid a tax surprise next filing season by reviewing their withholding now. Life events like marriage, divorce, having a child, or a change in income can all affect taxes. The IRS Tax Withholding Estimator on IRS.gov helps employees assess their income tax, credits, adjustments and deductions and determine whether they need to change their withholding by submitting a new Form W-4, Employee's Withholding Allowance Certificate. Taxpayers should remember that, if needed, they should submit their new W-4 to their employer, not the IRS.

For more answers to your tax-related questions, contact us today!
2215 Route 9W, Lake Katrine, NY 12449
(845) 336-71834071
Route 9, Hudson, NY 12534
(518) 828-4616
https://www.stac-cpa.com/

The Hudson Valley's leader in tax and accounting services for businesses and individuals

05/19/2022

Today!
STAC is pleased to be a part and support the local 4H!

Today is our 23rd Annual 4-H Golf Classic!

We're fundraising for our 4-H Awards & Recognition Fund. These funds allow us to provide Ulster County youth with not only the opportunity to participate in our positive youth development programs but also to have their 4-H achievements be recognized and even rewarded.

We thank our Event Sponsors:
Farm Credit East, ACA
Rhinebeck Bank
Sickler, Torchia, Allen & Churchill CPAs PC
Herzog's True Value Home Center
Kingston Plaza

05/12/2022

4 more days to vote!
Please vote for STAC-CPAs for the 2022 Chronogram Awards for best accounting firm and best financial adviser in the Hudson Valley! https://www.chronogram.com/hudsonv.../Chronogrammies/Page...
Thank you for your support!

05/11/2022

What To Do if You Missed the April Tax Deadline?
Monday, April 18, 2022, was the tax deadline for most taxpayers to file their tax returns, but if you haven't filed a 2021 tax return yet, it's not too late. Here's what you need to do:

First, gather any information related to income and deductions for the tax years for which a return must be filed, then call the office to set up an in-person or virtual appointment...https://www.stac-cpa.com/newsletter.php #1

05/09/2022

Please vote for STAC-CPAs for the 2022 Chronogram Awards for best accounting firm and best financial adviser in the Hudson Valley! https://www.chronogram.com/hudsonvalley/Chronogrammies/Page #/gallery/?group=403188

Thank you for your support!