Allied CPAs - Allied Financial Services

07/22/2026

Accurate bookkeeping and timely accounting records provide the foundation for informed decisions throughout the year. When your books are current and reliable, it’s easier to manage cash flow, identify operational issues and jump on growth opportunities. Contact us at (585) 410-6733 for help streamlining your financial reporting processes and reducing year-end surprises.

07/21/2026

If you have a traditional pension and are approaching retirement, get ready to make some decisions! Pension plans usually give retirees a choice between receiving payouts as a lump sum or an annuity. A lump-sum distribution allows you to invest the money as you see fit. Annuity payments can provide guaranteed income for life. Call us at (585) 410-6733 to discuss the costs, risks and advantages of each option.

07/20/2026

Static budgets can quickly fall out of sync with reality in today’s volatile markets. Rolling forecasts offer a smarter, more flexible approach, updating your projections throughout the year to reflect real-time changes in your business, industry and market. They complement your annual budget and help you make better decisions, faster. Want to improve your forecasting and budgeting? Let’s talk. Call us at (585) 410-6733.

07/17/2026

If you’re getting married, or were recently married, congratulations! Taxes are likely the furthest from your mind, but there are a few tax-related chores you need to consider. For example, next year, for 2026, you’ll be filing your first tax return as a married person. That could affect the amount of tax you should have withheld from your paycheck. Use the IRS Withholding Estimator to check. Then provide your employer with a new Form W-4. If your last name has changed, notify the Social Security Administration, which will inform the IRS. You and your new spouse should also review financial accounts, insurance coverage, estate plans and tax strategies. We can help. Contact us at (585) 410-6733.

07/17/2026

Marriage changes everything, including your insurance needs. Here are some things to look out for.

Marriage changes everything, including your insurance needs.

07/17/2026

Ready for the next step in your accounting career? Allied CPAs is always looking for talented individuals to join our team across our Rochester, Buffalo, and Perry offices.

Whether you're an experienced professional or just starting out, explore current opportunities and learn more about what it's like to work with us by visiting our Join Our Team page: alliedcpa.com/career-opportunities.php

07/15/2026

If you’re thinking about financing a new vehicle, you may be able to deduct up to $10,000 per year of interest paid. The deduction is available for certain personal auto loans originated after Dec. 31, 2024 — even if you don’t itemize deductions. Modified adjusted gross income (MAGI) limits apply, and only qualifying vehicles assembled in the U.S. are eligible. Before purchasing, consider whether eligibility for the deduction should factor into your vehicle choice. We can help run the numbers. Call us at (585) 410-6733.

07/14/2026

If you were born in 1960 or later, you can start taking “full” Social Security benefits when you turn age 67. But should you? It may depend on your health, retirement income and other factors. If possible, try to delay taking benefits until you’re age 70, when you’ll receive larger monthly payments. In fact, benefits increase by 8% each year you delay taking them! For more about Social Security and funding your retirement, call us at (585) 410-6733.

07/13/2026

One of the easiest ways to reduce the size of your taxable estate is to take advantage of your gift tax annual exclusion. For 2026, you can transfer up to $19,000 per recipient gift-tax-free. And you can double the exclusion to $38,000 per recipient if you split the gifts with your spouse. But it’s critical to understand the rules of gift-splitting to avoid unintended tax consequences. To elect to split gifts, the spouse making the gift must file a gift tax return, and the other spouse must consent by checking a box on the return and signing it. Contact us at (585) 410-6733 for additional details.

07/11/2026

Have you experienced the Perry Chalk Art Festival? This colorful community celebration transforms the streets of Perry into a vibrant outdoor gallery filled with incredible artwork, live entertainment, family activities, and local vendors.

Allied is proud to support this unique event that brings creativity, community, and visitors together in the heart of Perry.