DiSalvo & Associates, PA

07/31/2025

On July 4th, President Trump signed the One Big Beautiful Bill Act.

For a summary of the provisions that may individuals and business owners, visit:

Email from Impact on Individuals & Businesses     One Big Beautiful Bill Act Summary       On July 4th, President Trump signed into law the One Big Beautiful Bill Act (the “Act”)— a nearly 1,000-page

02/09/2025

https://apple.news/A7FWtPVB6T1ecaTXgeHnHvQ

Fees have climbed as much as 40% over the past five years as accounting firms struggle to hire fresh talent and tax laws become more complex.

12/11/2024

DiSalvo & Associates is proud to support the Toys 4 Tots program and the US Marine Corps mission to serve underprivileged children Patrick DiSalvo Luis Garcia Leiza Michaels Music Jill DiSalvoMarine Toys for Tots Foundation

If you would like to donate a new, unwrapped toy, we will be collecting at our office in WPB through this Friday, 12/13 until 1 PM!!

10/10/2024

Our thoughts and prayers are with those that were impacted by Hurricane Milton. Our office will be closed today to give our staff time to clean up from the storm but will reopen on Friday, 10/11.

07/03/2024

Wishing you a Happy, Fun-Filled & Safe 4th of July Weekend!

Happy Independence Day!

Our office will be closed on Thursday, July 4th & Friday July 5th to observe July 4th and to give our staff time with their friends and family.

We will resume normal business hours on Monday, July 8th.
Thank you for your continued trust, confidence and support of our family & firm.

The DiSalvo & Associates Team

04/22/2024

Tax Season 2024 - It's a Wrap!

It's hard to believe that we just celebrated our 16th tax season as a firm and family! We are truly grateful for our dedicated staff as we have grown over the years!

Thank you to our loyal clients for your trust, confidence and support and we appreciate your patience during our busy time of year and all of your referrals!

THANK YOU!

The DiSalvo & Associates Team

01/12/2024

We are hiring! Family-owned & operated CPA firm in West Palm Beach looking to add to our team!

We have an immediate position available and are now accepting applications!

Looking for an entry level position to assist with answering phones and document management/scanning.

Qualified applicants must have attention to detail and be able to multi task in a fast paced environment. We offer full benefits including 401(k), health insurance, PTO, paid holidays and group life insurance. This is a 32 hour +/ week and in person position.

Please email resumes if interested in joining our team!

01/03/2024

We are hiring! We have an immediate position to add to our team! Looking for an administrative assistant to assist with answering phones and document management.

Qualified applicants must have attention to detail and be able to multi task in a fast paced environment. We offer full benefits including 401(k), health insurance, PTO, paid holidays and group life insurance. This is a 32 hour +/ week and in person position.

Please email resumes if interested in joining our team!

12/11/2023

Dear Valued Clients,

Starting with tax year 2023, the IRS is requiring business owners to electronically file 1099's if they have 10 or more to report.

We will be utilizing Quickbooks to file the 1099's electronically and will need to pass along the additional cost that is associated with this to the business owners depending on the # of forms required to be filed.

The IRS has a free E-file system that you can do on your own as well. to learn more. Visit: https://www.irs.gov/filing/e-file-forms-1099-with-iris #:~:text=10%20or%20more%20returns%3A%20E,Returns%20Intake%20System%20(IRIS

On November 21, 2023 the IRS announced that they will be a delay in reporting for electronic payments on Form 1099-K for payments made via venmo, cash app, paypal etc. This will not be a requirement until 2024 and they have raised the threshold from payments greater than $600 to $5,000.

For 2023, reporting will not be required unless the taxpayer receives over $20,000 and has more than 200 transactions.

Reporting requirements do not apply to personal transactions such as birthday or holiday gifts, sharing the cost of a car ride or meal, or paying a family member or another for a household bill. These payments are not taxable and should not be reported on Form 1099-K.

However, the casual sale of goods and services, including selling used personal items like clothing, furniture and other household items for a loss, could generate a Form 1099-K for many people, even if the seller has no tax liability from those sales.

Please note, Form 1099-NEC and Form 1099-Misc are due to the IRS by January 31, 2024.

Electronically file any Form 1099 for free with the Information Returns Intake System (IRIS). Individual and bulk forms. File direct through the taxpayer portal or use software through IRIS Application to Application.