Sasserath & Co.

10/21/2026

If your business is planning improvements to a building before year end, careful planning may allow you to maximize your 2026 tax deduction. A special safe harbor can allow qualifying small businesses to deduct such expenditures currently–but only if expenses don’t exceed the applicable limit. Could you qualify? Read this article to learn more or contact us for guidance.

https://www.sasscpas.com/blog/index.php/2026/10/21/tax-smart-building-improvements/

10/14/2026

Join us in congratulating Senior Tax Associate Christian Crocker, CPA! Christian has been selected by HIA-LI to receive a 2026 Rising Leadership Award. This award recognizes dedicated individuals whose leadership has had a positive impact on Long Island. Recipients of this award highlight Long Island’s next generation of leaders. He will accept his award at the HIA-LI Rising Leadership Awards at the Stonebridge Country Club on October 15, 2026.
https://www.sasscpas.com/blog/index.php/2026/10/02/christian-crocker-named-a-hia-li-rising-leader/

10/06/2026

As year-end approaches, businesses have plenty of tax and payroll tasks competing for attention. One easy-to-overlook area is employee and owner benefits. Identifying taxable benefits before the final payroll runs of 2026 can help prevent reporting errors, payroll tax problems and unexpected Form W-2 adjustments. Learn more:

https://www.sasscpas.com/blog/index.php/2026/10/02/get-ahead-of-taxable-benefits/

10/01/2026

As the end of 2026 approaches, look beyond investment performance and consider how taxes may affect your overall returns. Although tax considerations generally shouldn’t drive investment decisions, a year-end portfolio review may identify opportunities to reduce your taxes. Here are four to consider:

https://www.sasscpas.com/blog/index.php/2026/09/18/4-tax-smart-investment-moves-before-year-end/

09/23/2026

When customers or others don’t pay what they owe your business, you may be able to claim a bad debt deduction to help offset the financial loss. But it isn’t automatic. Businesses must satisfy specific federal tax rules and maintain adequate records to support the deduction. Learn more.

https://www.sasscpas.com/blog/index.php/2026/09/21/could-bad-debts-lower-your-2026-taxes/

09/16/2026

If you’re eligible to contribute to a Health Savings Account (HSA), consider taking a closer look at your contribution strategy. You may be able to reduce your 2026 taxes while strengthening your long-term financial security. Although many people use HSAs to pay current medical expenses, they can also help fund retirement. Read this article to learn more or contact us for guidance.

https://www.sasscpas.com/blog/index.php/2026/09/16/make-the-most-of-your-hsa-tax-benefits/

09/11/2026

Today, on the 25th anniversary of the September 11 attacks, we remember the heroism and courage shown on that horrific day, and we honor the lives lost and the heroes who answered the call.

09/08/2026

One of the most common bookkeeping mistakes business owners make is mixing business and personal finances. Addressing this issue before year end can simplify tax preparation, improve the accuracy of your financial records and help reduce the risk of IRS questions. Read this article for tips and contact us for more information at 631-368-3110.

https://www.sasscpas.com/blog/index.php/2026/09/08/ready-your-books-for-tax-season/

08/25/2026

Access to capital helps small businesses succeed and grow. Whether you need to cover cash flow gaps, fund expansion plans or invest in long-term assets, it’s important to understand all your financing options. This will help you make informed decisions and select funding that aligns with your goals.

Read more on the 5 financing options to consider:

https://www.sasscpas.com/blog/index.php/2026/08/07/choosing-the-right-business-funding-solution/

08/19/2026

With year-end fast approaching, now is a good time to review strategies that could affect your business’s tax liability. One area that may deserve attention is the tax treatment of advance payments. Some accrual-basis businesses may be able to defer recognizing a portion of that income.

Read the full article:

Posted on August 3, 2026August 3, 2026 With year-end fast approaching, now is a good time to review strategies that could affect your business’s tax liability. One area that may deserve attention is the tax treatment of advance payments. Some accrual-basis businesses may be able to defer recognizi...