Scott, Stackrow & Co, CPAs, PC

Scott, Stackrow & Co, CPAs, PC Scott, Stackrow & Co. CPAs, P.C. New website rolls out beginning of December.

Our firm is staffed with seasoned certified public accountants, experienced in all matters of accounting and taxation, estates and trusts, business formation, financial planning and investment, real estate and business sales. has stood side-by-side with hundreds of local businesses of all sizes in our Capital Region community for 35 years, dedicated to their financial health. We believe our role –

careful tax planning, preparing tax returns, conducting audits, and providing forensic accounting – contributes to the overall economic strengthening of our regional community, where we, too, work and play. Our mission is to provide exceptional service to our clients while creating an atmosphere that will promote, support, and reward our staff for making a difference. Nestled at the top of Hoosick Street in Troy, NY in a beautifully landscaped building with private parking, the warm and friendly staff work in a setting of old-world charm with its cherry wood trim and sage accents. Our firm is staffed with seasoned certified public accountants, and Managing Partner David M. Stackrow, CPA, is well-versed in local industries and one of the most experienced CPAs in the region. We are experienced in all matters of accounting and taxation, IRS problem resolution, estates and trusts, business formation, financial planning and investment, real estate and business sales. Tax, labor and business laws are changing, and the most businesses can predict is unpredictability. Here at Scott, Stackrow & Co., we stand prepared to do what we do best, so business owners and individuals can focus on what they do best.

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain busin...
05/29/2026

Does your business provide complimentary on-site food and beverages for employees? The rules for deducting certain business meals have changed. Beginning in 2026, employers generally can’t deduct 1) meals treated as de minimis fringe benefits, or 2) employer-provided meals that are excludable from an employee’s income and provided for the employer’s convenience on business premises. For the 2025 tax year, generally the former were 100% deductible and the latter were 50% deductible. Contact us at (518) 274-9081 to discuss whether this change will affect your company and how to plan accordingly.

Pay too much in taxes this year? Contact the professionals at Scott, Stackrow & Co., CPAs, P.C. and receive a no charge ...
05/28/2026

Pay too much in taxes this year? Contact the professionals at Scott, Stackrow & Co., CPAs, P.C. and receive a no charge initial evaluation.

We are a full-service accounting firm licensed in New York State and Vermont. Since 1982 we have been providing professional accounting, tax and financial planning and preparation service for Capital Region businesses, executives and independent professionals at affordable rates. https://www.scottstackrow.com/

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift ...
05/27/2026

If you’d like to help a charity for a period of time but ultimately benefit one or more heirs and potentially save gift and estate taxes, consider a charitable lead trust (CLT). You transfer assets to the irrevocable CLT and the charity receives payments from it for a term of years. When the term expires, the remaining assets are distributed to the CLT’s beneficiaries. The CLT assets can include publicly traded securities, real estate, business interests and even private company stock. Call us at (518) 274-9081 for more details.

Does your business use independent contractors? The reporting requirements for these workers differ from those for W-2 e...
05/26/2026

Does your business use independent contractors? The reporting requirements for these workers differ from those for W-2 employees. For payments made in 2026, businesses generally must issue Form 1099-NEC, “Nonemployee Compensation,” to contractors paid $2,000 or more (up from $600 for 2025). The higher threshold may reduce your administrative burden because you could have fewer forms to file with the IRS. However, it doesn’t change your recordkeeping, worker classification or backup withholding responsibilities. Contact us at (518) 274-9081 to help ensure you’re prepared for the updated reporting requirements.

Today and everyday we honor, remember and celebrate all those who served.  🇺🇸🙏
05/25/2026

Today and everyday we honor, remember and celebrate all those who served. 🇺🇸🙏

If you rent out your primary residence or vacation home for no more than 14 days, you don’t have to report the income. (...
05/25/2026

If you rent out your primary residence or vacation home for no more than 14 days, you don’t have to report the income. (But you can’t deduct related expenses, such as advertising and cleaning.) If you rent it out for more than 14 days, the income is taxable. And you may be able to deduct expenses such as utilities, repairs, insurance and depreciation. Exactly what you can deduct depends on personal vs. rental use. The rules are complex, but tax savings opportunities are available. Call us at (518) 274-9081 to learn more.

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the...
05/22/2026

The IRS has issued final regulations on the tax deduction for qualified cash tips. The legislation commonly known as the “One Big Beautiful Bill Act” created the deduction of up to $25,000 per year for 2025 through 2028. Qualified tips generally refer to cash tips received by an individual in an occupation that “customarily and regularly” received tips on or before Dec. 31, 2024. The final regs list more than 70 eligible occupations. In addition to occupations previously listed in the proposed regs, the final regs add visual artists, floral designers and gas pump attendants. The final regs also provide clarifications to the definition of a qualified cash tip. For more details, call us at (518) 274-9081.

Receiving a significant inheritance can open up new financial possibilities, but it also requires careful management—par...
05/21/2026

Receiving a significant inheritance can open up new financial possibilities, but it also requires careful management—particularly around taxes and long-term planning. By understanding the applicable tax rules, you can avoid unexpected issues and make smarter, more informed decisions about your assets. Learn more in our latest newsletter: https://www.scottstackrow.com/newsletter.php #3

Call the professionals at Scott, Stackrow & Co., CPAs, P.C. to learn more about our services for small businesses and individuals and to schedule your free initial evaluation today! https://www.scottstackrow.com

Business owners: If you’re only reaching out at tax time, you may be missing some valuable insights. Why stop at tax fil...
05/20/2026

Business owners: If you’re only reaching out at tax time, you may be missing some valuable insights. Why stop at tax filings? Let us help you make smarter business decisions year-round — from improving cash flow to navigating economic uncertainty to planning for growth. Please call us at (518) 274-9081 to learn more about how we can support your strategic goals.

Did you receive a large tax refund? Or maybe you received a very high tax bill? Reviewing your withholding after filing ...
05/19/2026

Did you receive a large tax refund? Or maybe you received a very high tax bill? Reviewing your withholding after filing to adjust for the following tax year can help prevent withholding too much or too little during the year. Our newsletter explains: https://www.scottstackrow.com/newsletter.php #5

Call the professionals at Scott, Stackrow & Co., CPAs, P.C. to learn more about our services for small businesses and individuals and to schedule your free initial evaluation today! https://www.scottstackrow.com

Address

314 Hoosick Street
Troy, NY
12180

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm

Telephone

(518) 274-9081

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