Dominic Cusimano CPA, LLC

Dominic Cusimano CPA, LLC CPA Firm specializing in small business taxation, audit representation, payroll, financial statements, and start up consulting.

We are a full-service Accounting firm licensed in MO. We offer a broad range of services for business owners, executives, and independent professionals. We are affordable, experienced, and friendly. Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality. Professionalism
Our firm is one of the

leading firms in the area. By combining our expertise, experience and the energy of our staff, each client receives close personal and professional attention. Our high standards, service and specialized staff spell the difference between our outstanding performance, and other firms. We make sure that every client is served by the expertise of our whole firm. Responsiveness
Our firm is responsive. Companies who choose our firm rely on competent advice and fast, accurate personnel. We provide total financial services to individuals, large and small businesses and other agencies. Through hard work, we have earned the respect of the business and financial communities. This respect illustrates our diverse talents, dedication and ability to respond quickly. Quality
An accounting firm is known for the quality of its service. Our firm's reputation reflects the high standards we demand of ourselves. Our primary goal as a trusted advisor is to be available and to provide insightful advice to enable our clients to make informed financial decisions. We do not accept anything less from ourselves and this is what we deliver to you. We feel it is extremely important to continually professionally educate ourselves to improve our technical expertise, financial knowledge and service to our clients. Our high service quality and "raving fan" clients are the result of our commitment to excellence. We will answer all of your questions, as they impact both your tax and financial situations. We welcome you to contact us anytime.

Form 1099-K – Did You Know?If you receive a Form 1099-K, review it for payments that may not be taxable, such as reimbur...
07/20/2026

Form 1099-K – Did You Know?

If you receive a Form 1099-K, review it for payments that may not be taxable, such as reimbursements from friends or family. If these payments were mistakenly included, ask the payment processor to issue a corrected form. Keep in mind that some transactions involving personal items may still have tax consequences, particularly if you sold an item for more than you paid for it.

Increased Standard Mileage Rates Starting July 1, 2026Due to higher fuel prices, the IRS has increased the standard mile...
07/14/2026

Increased Standard Mileage Rates Starting July 1, 2026

Due to higher fuel prices, the IRS has increased the standard mileage rate for business driving to 76 cents per mile for mileage incurred on or after July 1, 2026. The rates for medical travel and eligible moving expenses have also increased to 23.5 cents per mile.

The charitable mileage rate remains unchanged at 14 cents per mile, while the previously announced 2026 rates continue to apply to mileage incurred before July 1.

07/13/2026

Happy Birthday, Son!
It is truly a privilege to work alongside you every day. Watching you grow into the man you are today has been one of the greatest joys of my life. I am incredibly proud of the character you demonstrate and the man you continue to strive to become.
Your hard work, dedication, and determination never go unnoticed. Keep pushing forward and chasing your goals. With the talent and commitment you bring every day, it won't be long before the firm is known as Cusimano & Cusimano, CPAs!
Wishing you a wonderful birthday and an amazing year ahead. I love you and couldn't be prouder of you!

Employer-Provided Childcare Tax Credit – Did You Know?Businesses that offer childcare benefits to employees may qualify ...
07/06/2026

Employer-Provided Childcare Tax Credit – Did You Know?

Businesses that offer childcare benefits to employees may qualify for the Employer-Provided Childcare Tax Credit for some of the expenses involved. Eligible costs may include acquiring, constructing, or improving a childcare facility, operating an on-site childcare program, contracting with a qualified childcare provider, or paying for childcare resource and referral services.

Beginning in 2026, the credit generally equals 40% of qualified childcare expenditures (or 50% for eligible small businesses) plus 10% of qualified childcare resource and referral expenses. The maximum annual credit has also increased to $500,000, or $600,000 for eligible small businesses.

Digital Asset Tax Reporting – Did You Know?If you use a broker for digital asset transactions, such as selling, exchangi...
06/29/2026

Digital Asset Tax Reporting – Did You Know?

If you use a broker for digital asset transactions, such as selling, exchanging, or otherwise disposing of cryptocurrency or other digital assets, you may receive Form 1099-DA. Keep this form with your tax records, as you will need it to accurately report those transactions on your tax return.

06/29/2026

IRS issues AI guidance for tax professionals
The IRS has issued guidance setting out how existing professional standards apply to the use of artificial intelligence by tax practitioners. The agency said AI can support tasks such as data analysis and fraud detection but should not replace professional judgement. Tax advisers remain responsible for ensuring the accuracy of returns and advice, including verifying AI-generated information and protecting confidential client data. The guidance also highlights risks including fabricated outputs, bias and privacy concerns, while warning firms to adopt policies covering staff training, oversight and secure use of AI tools.

06/28/2026

🚨GIVEAWAY ALERT!🚨
You must *like, share & comment* on THIS post to be entered! You must be able to pick up your box of sausage from Gladstone next Friday (7/3)
Good luck!

06/25/2026

IRS issues first AI guidance for tax practitioners
The IRS has issued its first guidance on the use of artificial intelligence by tax practitioners, clarifying how existing Circular 230 standards apply to AI rather than introducing new regulations. The guidance acknowledges AI’s potential to improve efficiency but warns that practitioners remain fully responsible for the accuracy of AI-generated work. The IRS said tax professionals must independently verify all facts, calculations, legal citations, and analyses produced by AI, treating AI-generated content as a draft rather than relying on it without review. The agency also emphasized that firms must protect confidential taxpayer information by using only secure, enterprise-approved AI systems, and warned that mishandling sensitive data through AI could result in disciplinary action. In addition, practitioners are expected to understand AI’s capabilities and limitations, including the potential for inaccurate or biased outputs, before using the technology in client work.

New IRS Portal for Reporting Fraud and ScamsThe IRS has launched a new portal that makes it easier to report instances o...
06/22/2026

New IRS Portal for Reporting Fraud and Scams

The IRS has launched a new portal that makes it easier to report instances of tax fraud, identity theft, IRS impersonation and other tax-related scams. On the new webpage (link below), people and businesses can report:

- Fake IRS phone calls, emails, and text and social media messages. Scammers posing as government agents often threaten people with arrest unless they submit immediate payments, often in a specific format like gift cards. The IRS does not operate in this way.
- Suspected tax fraud, such as tax evasion schemes or illegal use of offshore accounts.
- Identity theft, which should always be reported to the IRS immediately, even if other government and law enforcement agencies know about the crime.
- Suspicious tax preparation practices, such as a paid tax preparer refusing to sign your return or altering your income figures.

Citizen reporting often plays a critical role in catching scammers and bringing them to justice. This new system makes the process of filing a report less confusing and much more convenient.

IRS Fraud Reporting Site: https://www.irs.gov/help/report-fraud

IRS Offer in Compromise Program – Did You Know?People who cannot pay their tax bills in full may have options to resolve...
06/15/2026

IRS Offer in Compromise Program – Did You Know?

People who cannot pay their tax bills in full may have options to resolve the situation. One of these options is the Offer in Compromise (OIC) program, which allows eligible taxpayers to settle their debts with the IRS for less than the full amount owed.

Anyone considering an OIC should first check whether they qualify using the IRS Pre-Qualifier tool online (link below). Eligible taxpayers may then submit an application. In most cases, the application must be accompanied by a $205 fee and an initial payment toward the tax debt, although these requirements may be waived for lower-income applicants.

An OIC application requires detailed financial information and must be carefully prepared. Beware of aggressive ads promising to settle tax debts quickly for a small fraction of the amount owed. Companies behind these ads, often referred to as OIC mills, may charge substantial fees while submitting applications for people who have little chance of qualifying. A trusted tax professional can help ensure that an OIC application is complete, accurate, and has a reasonable chance of acceptance.

OIC Pre-Qualifier Online Tool: https://irs.treasury.gov/oic_pre_qualifier/

Address

6051 N Chestnut Avenue
Gladstone, MO
64119

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+18163994965

Website

Alerts

Be the first to know and let us send you an email when Dominic Cusimano CPA, LLC posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Dominic Cusimano CPA, LLC:

Shortcuts

Share

Category