Scott, Stackrow & Co, CPAs, PC

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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.

As your business grows, more people may need access to your accounting system. But when was the last time you reviewed t...
10/28/2026

As your business grows, more people may need access to your accounting system. But when was the last time you reviewed the system’s user permissions? Outdated or excessive access can increase the risk of fraud, errors and unauthorized changes to your financial records. Year end is a good time to do some housekeeping. Confirm that employees and outside service providers have only the access they currently need. Pay special attention after employees change roles or leave your business, or when you switch vendors. We can help evaluate your accounting system’s security settings and strengthen internal controls. Call us at (518) 274-9081 to get started.

Pay too much in taxes this year? Contact the professionals at Scott, Stackrow & Co., CPAs, P.C. and receive a no charge ...
10/27/2026

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/

Simple mistakes can prevent you from reaching retirement goals. The biggest error is not saving enough. If you expect to...
10/27/2026

Simple mistakes can prevent you from reaching retirement goals. The biggest error is not saving enough. If you expect to maintain your current lifestyle in retirement — which could last three decades or more — you’ll need to accumulate a surprisingly large sum. We can help set up a savings plan you’ll stick to. Call us at (518) 274-9081.

You must pay the alternative minimum tax (AMT) if your AMT liability exceeds your regular tax liability. An exemption of...
10/26/2026

You must pay the alternative minimum tax (AMT) if your AMT liability exceeds your regular tax liability. An exemption of $90,100 is available ($140,200 for joint filers, half that for separate filers), but it phases out when income exceeds certain levels — which have dropped for 2026. Plus, the exemption is now phased out twice as fast as in 2025. Add to that the impact of a potentially larger state and local tax deduction (which isn’t AMT-deductible), and you might be at higher AMT risk this year. Call us at (518) 274-9081 for help assessing your risk and finding strategies to minimize your taxes.

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware...
10/23/2026

If you’re responsible for collecting, accounting for or remitting federal taxes withheld from employee paychecks, beware of the trust fund recovery penalty (TFRP). As a responsible individual, you may be personally liable for a 100% penalty on income and employment taxes your business either fails to collect or fails to remit to the IRS. Your actions must be “willful,” meaning you’ve been, or should have been, aware of the responsibility and either intentionally disregarded the law or were indifferent to it. According to the IRS, no “evil intent or bad motive” is required. Call us at (518) 274-9081 if you receive a letter from the IRS about the TFRP or for help with tax compliance.

For those considering selling a highly appreciated investment before January 1, keep in mind that it could trigger an ad...
10/22/2026

For those considering selling a highly appreciated investment before January 1, keep in mind that it could trigger an additional tax cost: the 3.8% net investment income tax (NIIT). Our latest newsletter explains more and what steps to take:
https://www.scottstackrow.com/newsletter.php #2

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! https://www.scottstackrow.com

Reconstructing business mileage records months after the fact can be frustrating — and unreliable. If you or your employ...
10/21/2026

Reconstructing business mileage records months after the fact can be frustrating — and unreliable. If you or your employees use personal vehicles for business, establish a system for logging trips as they occur. QuickBooks users can take advantage of mobile tools that automatically track trips and classify business vs. personal mileage. Other mileage apps or a well-maintained manual log can also work. As year end approaches, make sure your records include key details, such as mileage and business purpose. Timely, accurate documentation is essential for bookkeeping, employee reimbursements and tax reporting. Call us at (518) 274-9081 for help improving your mileage tracking process.

Estate tax laws are complex, and failing to plan could mean leaving your loved ones with less than what you’d expected. ...
10/20/2026

Estate tax laws are complex, and failing to plan could mean leaving your loved ones with less than what you’d expected. Now is the time to take action by reviewing your estate plan, updating beneficiary designations, and exploring strategies such as gifting or establishing trusts that may help minimize tax exposure. Every situation is unique, and the right approach depends on your family’s needs, assets and long-term goals. Contact us at (518) 274-9081 for assistance structuring your estate in a tax-efficient way.

🏢 Planning Building Improvements Before Year-End?If your business is considering improvements to a building before the e...
10/19/2026

🏢 Planning Building Improvements Before Year-End?

If your business is considering improvements to a building before the end of 2026, timing and careful planning could help maximize your tax deduction. A special safe harbor may allow qualifying small businesses to deduct certain improvement costs currently—but specific requirements and expense limits apply.

📌 Before making year-end improvements, learn how the rules may apply to your business. 👉 Read our latest newsletter for the details:
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! https://www.scottstackrow.com

Did you celebrate your 73rd birthday in 2026? If you have money in an IRA, 401(k), SEP or SIMPLE plan, you generally mus...
10/19/2026

Did you celebrate your 73rd birthday in 2026? If you have money in an IRA, 401(k), SEP or SIMPLE plan, you generally must take your first required minimum distribution (RMD) by this Dec. 31 (or, potentially, by April 1 of next year). RMDs are annual withdrawals of specified amounts based on your age and the account’s value at the end of the last tax year. For more information about managing retirement income, contact us at (518) 274-9081.

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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