Sasserath & Co.

08/25/2026

Access to capital helps small businesses succeed and grow. Whether you need to cover cash flow gaps, fund expansion plans or invest in long-term assets, it’s important to understand all your financing options. This will help you make informed decisions and select funding that aligns with your goals.

Read more on the 5 financing options to consider:

https://www.sasscpas.com/blog/index.php/2026/08/07/choosing-the-right-business-funding-solution/

08/19/2026

With year-end fast approaching, now is a good time to review strategies that could affect your business’s tax liability. One area that may deserve attention is the tax treatment of advance payments. Some accrual-basis businesses may be able to defer recognizing a portion of that income.

Read the full article:

Posted on August 3, 2026August 3, 2026 With year-end fast approaching, now is a good time to review strategies that could affect your business’s tax liability. One area that may deserve attention is the tax treatment of advance payments. Some accrual-basis businesses may be able to defer recognizi...

08/12/2026

Families looking for another way to save for a child’s future may want to consider Section 530A accounts. Created by last year’s One Big Beautiful Bill Act, these tax-advantaged savings accounts are designed to help children build long-term assets. The ability to contribute became available on July 4, 2026. And some children may be eligible for a $1,000 government-funded deposit. Read more or contact us for more information.

https://www.sasscpas.com/blog/index.php/2026/08/03/a-new-type-of-tax-advantaged-account-for-children/

08/03/2026

Hiring independent contractors can offer flexibility for growing businesses, but it also comes with important tax reporting responsibilities. In most cases, you aren’t required to withhold taxes from payments to contractors. However, there are situations in which the ”backup withholding” rules apply. Read more:
https://www.sasscpas.com/blog/index.php/2026/06/26/backup-withholding-what-businesses-should-know/

07/21/2026

New York State has enacted a new annual surcharge on high‑value New York City homes that are not used as a primary residence, commonly referred to as the “pied‑à‑terre tax.” The surcharge is codified as Article 30‑C of the New York Tax Law and is added on top of existing New York City real property taxes. It takes effect July 1, 2026, and, unless extended, expires on June 30, 2031.

If you have questions about how this may affect your property holdings, please reach out to our team.

https://www.sasscpas.com/blog/index.php/2026/07/21/new-york-citys-new-pied-a-terre-tax-what-second-homeowners-need-to-know/

07/20/2026

We are always thrilled to partner with innovative teams like Accordance, a Frontier AI company serving tax, audit, and accounting teams. Last week, we dedicated time to collaborate with their team.

Our managing partner, Alan R Sasserath, CPA, MS, kicked off the week by participating in a video series produced by Jack Moore where David Yue interviewed Alan about his experience with the evolution of accounting from calculators to artificial intelligence.

Later in the week, Accordance leaders David Yue, Finsam Samson, and Kai Yue visited our Long Island office to gain a deeper understanding of our practice. Their goal is to help us design AI-assisted workflows that will make our operations more efficient.

Despite being an AI company, their team understands the human element of our work. We truly appreciate the partnership, curiosity, and thoughtfulness that Team Accordance brings to the relationship. Their approach is intentional – taking the time to understand how we work, what our team needs, and how technology can support us in meaningful ways.

It’s a privilege to collaborate with such brilliant, forward-thinking minds.

Thank you, Team Accordance. We’re grateful for the partnership and excited for what we’re building together.

07/16/2026

The Sasserath team enjoyed a well-deserved ice cream break this afternoon! It was a great opportunity to connect, catch up with colleagues, and enjoy a sweet treat together.

07/15/2026

Educational assistance programs allow employers to provide tax-advantaged education benefits for employees. Recent legislative changes have made them more valuable. This article outlines how these plans work, key compliance requirements and considerations for closely held businesses. Learn more or contact us for guidance.

https://www.sasscpas.com/blog/index.php/2026/06/16/how-an-educational-assistance-program-can-strengthen-your-companys-benefits-package/

07/08/2026

Qualified small business (QSB) stock can offer valuable tax benefits for investors, and recent tax law changes have expanded those opportunities. The One Big Beautiful Bill Act increases eligibility thresholds, introduces gain exclusions for shorter holding periods and raises the per-issuer exclusion limit. This article discusses the changes and outlines what potential investors should know. Learn more or contact us for guidance.

Posted on June 16, 2026June 16, 2026 Investors often look to small, emerging companies for portfolio diversification and growth potential, but these investments can offer more. Certain shares may also provide valuable tax advantages under the qualified small business (QSB) stock rules. And last year...

07/04/2026

Today we celebrate 250 years of freedom and the spirit that built a nation.