Powers Accounting

Powers Accounting We are based in the Liverpool, NY area and serve small business owners in handling all of their finan

As we celebrate Halloween, we extend our warmest wishes for a fun and safe celebration. Whether you are trick-or-treatin...
10/31/2024

As we celebrate Halloween, we extend our warmest wishes for a fun and safe celebration. Whether you are trick-or-treating, hosting a gathering, or simply enjoying the fall weather, we hope you and your family have a wonderful time.

As always, if you have any questions or need assistance as we enter November, please feel free to reach out to our team. We are here to help.

Tax season will be here before you know it! Here are a few tips to avoid tax-time stress:🗂 Stay Organized: Use an expens...
10/24/2024

Tax season will be here before you know it! Here are a few tips to avoid tax-time stress:

🗂 Stay Organized: Use an expense tracking app or spreadsheet to record and categorize expenses. Set up a filing system for financial documents and calendar reminders to avoid missing due dates.

💸 Plan Deductible Purchases: Consider moving forward with deductible items before year's end, such as education expenses, home office costs, or medical expenses.

💰 Maximize Retirement Contributions: Contribute to your 401(k) or IRA accounts to reduce your tax burden. 2024 limits are $23,000 for a 401(k) and $7,000 for an IRA, with extra contributions allowed for those 50 or older.

🔍 Check Your Credits: Take advantage of tax credits for education, energy-efficient home improvements, and electric vehicles.

Start your fall tax planning now to get organized and maximize your deductions and credits. Need help? Feel free to reach out to our team. We're here to assist with all your tax-related needs!

10/18/2024

Barring a federal court intervention, the filing deadline for all businesses created prior to 2024 that are required to file a beneficial ownership information (BOI) report with the Financial Crimes Enforcement Network (FinCEN) is Jan. 1, 2025. While an Arkansas federal judge has found the Corporate...

We know that payroll can be a daunting task, and even the smallest mistake can have significant consequences. With that ...
10/15/2024

We know that payroll can be a daunting task, and even the smallest mistake can have significant consequences.

With that in mind, we want to share some common payroll pitfalls to make note of. Swipe through to read about common payroll mistakes and how to avoid them ↩ī¸

If you have any payroll questions or needs, feel free to reach out to our team. We're here to help!

Address

7481 Morgan Road Ste 2
Liverpool, NY
13090

Opening Hours

Monday 8am - 4:30pm
Tuesday 8am - 4:30pm
Wednesday 8am - 4:30pm
Thursday 8am - 4:30pm
Friday 8am - 4:30pm

Telephone

(315) 701-1120

Website

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About Us

We understand it's hard to keep up with all aspects of running a business - especially those items that aren't critical to the everyday operations, but are still necessary. Our partnership relieves our clients of time-consuming and often confusing accounting tasks. This allows business owners to allocate the time they would have spent on those tasks to other areas of the business that require their attention and efforts.

The Powers Team brings years of experience to the small business owner who is faced with the need to increase profitability, decrease taxes, avoid tax notices and surprises, and keep account of all their finances. To manage your business profitably, you need the right financial data, advice, and services. We provide the accounting, bookkeeping, tax, business consultation, and payroll solutions you need most.

As our client, you get an entire accounting team dedicated to you and your business. Even better yet, you are guaranteed one-on-one time with our bookkeeping specialists, who will help you navigate all the complexities of small business accounting on an ongoing basis.