The CPA Shortage Is Real. A Fractional CFO Is Your Smartest Answer. Fewer accountants are entering the profession, and experienced CPAs are retiring faster than firms can replace them. For most small and mid-sized businesses, hiring a full-time CFO or senior controller now costs too much. A fractional CFO gives you senior-level financial strategy, clean books, and a faster month-end … Read More
Financial Guidance Built for Real Business Decisions
Business owners make important decisions every day. Some are immediate: whether to hire, purchase equipment, pursue a new opportunity, manage an unexpected expense, or address a cash-flow concern. Others shape the future of the company: how to improve profitability, reduce tax exposure, strengthen internal processes, finance growth, or prepare for succession. Those decisions should not be made in the dark. … Read More
New TIGTA Reports on IRS Workforce & Customer Service
Two recently issued TIGTA reports detail significant IRS staffing losses and declining customer service quality. For business owners and high-income individuals, understanding these findings — accurately — matters for how you approach compliance, documentation, and communication with the IRS. IRS Workforce Reductions: What TIGTA Actually Found The Treasury Inspector General for Tax Administration (TIGTA) has published a series of workforce … Read More
Is Your Financial Life Disaster-Ready?
Steps to Protect Your Financial Records Before the Unexpected Hits Hurricane season is underway, but hurricanes aren’t the only threat. Floods, wildfires, tornadoes, and severe storms can strike with little warning anywhere in the country — including right here in the Rochester area. For most people, the conversation around disaster preparedness focuses on physical safety. Financial and tax preparedness tends … Read More
Maximizing Small Business Tax Deductions
A Practical Guide to Asset and Revenue Optimization Maximizing small business tax deductions requires moving beyond year-end receipt gathering and toward deliberate, year-round planning. Under current IRS rules, profitable businesses should coordinate first-year write-offs, bonus depreciation, and operational cost classifications to reduce their net tax liability — and do so in a way that is well-documented and audit-ready. Capital Investments: … Read More
Section 892 and Sovereign Wealth Funds
What U.S. Business Owners Actually Need to Know Section 892 of the Internal Revenue Code exempts foreign governments and sovereign wealth funds from U.S. tax on passive investment income. Most small business owners will never file under it. But when foreign capital shifts — and it is shifting in a big way right now — the downstream effects on U.S. … Read More
The 2026 Tax Update: What Small Business Owners Need to Know
You built a business. You survived a pandemic, supply chain chaos, and whatever that was in 2023. And now the IRS has decided this is a great time to restructure the tax code. The 2026 tax year brings the expiration of several major provisions from the Tax Cuts and Jobs Act (TCJA) — and for small business owners, the impact … Read More
Guide to Not Getting Audited
The “I Just Wanted to Bake Cookies / Build Apps / Mow Lawns” Let’s be honest: You didn’t start a business because you had a burning passion for Publication 583. You started it because you’re good at something, and you wanted the freedom to do it without a boss breathing down your neck. Then it reality hit. You realized that … Read More
Digital Shift: Cryptocurrency Reporting
How will the new IRS proposal change tax reporting for cryptocurrency investors and brokers? The IRS and Treasury Department recently proposed regulations that allow brokers to deliver Form 1099-DA statements electronically through a simplified, digital-first process. Specifically, starting January 1, 2027, brokers can obtain a single consent for electronic delivery without offering a paper-based alternative. Consequently, this change aligns digital … Read More
CPA in NY Specializing in Business Structures
🏛️ Smart Start: Why You Need a CPA in NY for Optimal Business Structures What is the advantage of choosing a CPA in NY specializing in business structures? The initial choice of business structure—such as LLC, S-Corp, or C-Corp—determines your tax liability and personal asset protection for the company’s entire lifespan. Therefore, you need a CPA in NY with specific … Read More
Maximizing Growth: A Guide to the New Business Investment and Provisions of the OBBBA
The business investment and provisions of the One Big Beautiful Bill Act (OBBBA) permanently codify 100% bonus depreciation and the Section 199A deduction. These changes allow business owners to immediately expense capital assets and reduce taxable income by 20% for pass-through entities. Consequently, these provisions provide long-term certainty for domestic R&D and capital scaling. What are the Permanent Business Investment … Read More
Finding a High-Impact Business Tax Accountant Near Me
A qualified business tax accountant near me provides strategic tax planning, entity optimization, and compliance management to increase net profitability for SMBs and high-net-worth individuals. By utilizing advanced methods like the Percentage of Completion Method (PCM) and Section 199A deductions, these specialists align a company’s tax basis with its long-term financial goals. TYS offers these authoritative services in Rochester and … Read More