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Buffalo Business Services
We take a proactive approach to tax services. We provide our individual and business clients with timely tax Advice including Strategic tax consulting, throughout the year.
Accounting and Financial Management Services
We provide a full range of cost effective accounting services. Presenting timely and accurate financial information is a important aspect of our practice. We also provide bookkeeping and bookkeeper training services. This includes accounting software assistance and training with Quick Books, MYOB and Peachtree. We provide payroll services including Certified Payrolls for the Construction industry. We prepare business and personal financial statements. We provide Business loan assistance including Budgets and financial projections. We also provide Business start-up consulting including business plan development.
Buffalo Accounting Firms
Timothy C. Fillipponi, CPA is a Buffalo area accounting firm. While we are located in Williamsville, New York, we service clients all over Western New York and beyond. Our accounting and tax services are designed to meet the needs of small and medium sized business clients. Our reputation of being Western New York’s hand holding accountants is the bedrock of our service. Our main focus is to educate our clients and provide individualized service to help you better grow your business and prosper.
We provide all business and personal tax services, including Strategic tax consulting in the Buffalo area. We provide bookkeeping and bookkeeper training services. This includes accounting software assistance and training with Quick Books, MYOB and Peachtree. We provide payroll services including Certified Payrolls for the Construction industry. We prepare business and personal financial statements. We provide Business loan assistance including Budgets and financial projections. We also provide Business start-up consulting including business plan development.
As a member of the New York State Society of Certified Public Accountants, we participate in its voluntary peer review program, conducted under AICPA auspices to assure our practice conforms to the highest professional standards in regard to preparation of Financial Statements.
The “Peer Review Program” assures our clients and interested third parties that the work performed by our firm meets those high standards. On our recent Engagement Review, we have received a rating of pass.
Contact us for a no obligation initial consultation regarding your individual or business situation at (716)633-0367.
The agreement hammered out in the Senate just before the clock struck midnight on December 31, 2012 and subsequently approved by the House on January 1 – pulled the nation back from the edge of the fiscal cliff. President Obama promptly signed the “American Taxpayer Relief Act of 2012″ into law on January 2. Following is an overview of the key tax provisions in store for individual and business clients in 2013.
Just in time for the final deadline of tax season, the IRS has unveiled the latest incarnation of its website, IRS.gov, with features the agency said had been designed to better reflect how people typically use the site, and deliver services at a faster pace.
Like clockwork, the Social Security Administration (SSA) announces an increase in the annual Social Security “wage base” practically every October. This year is no exception: Among other changes, the SSA says the wage base will jump from $110,100 in 2012 to $113,700 in 2013. For all the latest information, visit the SSA’s Fact Sheet website page.
Even as Hurricane Sandy was hitting the mid-Atlantic, agencies and departments in Manhattan, Albany and Washington were issuing statements and modifying rules in anticipation of the storm. The following is a summary of key tax relief notices that may make life a little easier as individuals and businesses—and the CPAs who serve them—get back on track.
One of the most popular tax deductions for individuals is the one allowed for donations to charitable organizations—from the local church or synagogue to the Red Cross and various other national organizations. Unfortunately, over the last several decades, this deduction has also been among the most abused. Thus, perhaps it is not surprising that Congress has responded to the problem by regularly enacting more rules around documenting donations.
The Internal Revenue Service today issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
New York State Passes The Marriage Equality Act
The Marriage Equality Act (Act) took effect on July 24, 2011, and provides that all marriages, whether between same-sex couples or different-sex couples, will be treated equally under the laws of New York.
The Act amends New York law to recognize all legally performed marriages between same-sex and different-sex couples, whether or not the marriage took place in New York.
The Act applies to all taxes administered by the Tax Department. As a result, any references in the
Tax Law or department documents to:
•spouse or married individual includes a person in a marriage with a same-sex spouse
•husband, wife, and spouse should be read as gender neutral to reflect both different-sex and same-sex couples
•marriage also includes a marriage between same-sex spouses
Tax Department And Consumer Protection Board Urge Taxpayers To Consider Alternatives To Costly Refund Anticipation Loans
Albany, New york February 22, 2011 – It’s tax time, and many New Yorkers will try to collect their refunds as quickly as possible. Some will consider a refund anticipation loan (RAL) or refund anticipation check (RAC) to speed up the process. However, the New York State Department of Taxation and Finance and the New York State Consumer Protection Board are urging taxpayers to consider lower-cost or free alternatives to receiving federal tax refunds.