8321 Main Street, Williamsville, NY 14221
Solutions Beyond the Obvious.
Solutions Beyond the Obvious. More than a theme line, it's the philosophy that Tronconi Segarra & Associates' partners adopted many years ago to convey how they, and all Firm associates, serve and work with our clients...providing more in-depth information, taking a closer look at our clients' business activities, inquiring about more than just accounting, auditing and tax matters, ensuring that our most senior level professionals are intimately involved in every client engagement, and tapping into the unique, collective expertise and experience of all of our associates to develop innovative ways to assist our clients in achieving their objectives.
Over the years, our clients have told us that our solutions have made a difference in their businesses and given them the confidence to take the next steps -- acquire a new business, expand a plant, open a new branch, prepare to sell, hire additional employees, secure external financing, develop an executive compensation program, market internationally, and more. In other words, grow, prosper and provide opportunity to numerous stakeholders...employees, vendors, customers...even the cities and towns in which they do business.
This is what makes Tronconi Segarra & Associates different. A practiced commitment to put our clients first. A dedication to maintain the highest ethical standards. A belief that the trust we have earned from our clients is more precious than gold. And a desire to constantly improve, challenge ourselves, and do better each and every day.
Thank you for visiting our web site. Please feel free to contact me if you would like to learn more about us and how we make a difference in our clients' businesses each day.
Jim Segarra, CPA
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Partner's Article for Buffalo Niagara
Enterprise Explains NYS Corporate Tax Changes
Citing the significant changes to New York State corporation tax laws that went into effect on January 1, 2015, Tronconi Segarra & Associates' Partner Andy Toth authored an article for the Buffalo Niagara Enterprise (BNE) to explain how businesses in New York State can benefit from these new laws. Many of the changes are aimed at simplifying an overly complex system of taxation, including the elimination of some taxes and revisions to the tax bases. Also included are changes that will greatly benefit qualifying New York State manufacturers by reducing the income tax rate to 0% and creating a 20% real property tax credit. Click here to read Andy's full article on the BNE web site, and feel free to contact Andy at email@example.com if you have questions or would like additional information.
Your response to our May 7th webinar has been overwhelming. Thank you!
Only a few seats remain. If you are interested in attending, feel free to click on the link below for more information. If needed, we will be happy to add a second seminar on May 12th.
New York State Sales & Use Tax: Capital Improvements & Repairs to Real Property
Confident that you are following the new regulations regarding sales & use tax on capital improvements and repairs to real property? If not, our upcoming webinar can bring you up-to-speed. Topics to be covered in the 90 minute webinar include:
- Tangible personal property vs. real property
- Rules and regulations for contractors
- What governmental entities and exempt organizations need to do to be compliant
- And more!
Click here to download more information about the webinar, including registration information.
Presented by Tom Mazurek, Jr., CPA, Principal, and Joe Jackson, CPA, Manager, members of the Tronconi Segarra & Associates LLP State & Local Tax practice.
IRS Updates Outsourcing Payroll Duties Web Page
The IRS recently updated its "Outsourcing Payroll Duties" web page which now features some practical guidance for employers. It is important for employers to recognize that if they outsource their payroll duties, they remain responsible for meeting the deposit and filing requirements including taxes, interest and penalties. Among other things, the web page guidance suggests that employers should designate the employer's address (vs. the payroll processing company's) as the address of record so that the employer will receive any IRS correspondence. The web page guidance also recommends that an employer's payroll processing company use the Electronic Federal Tax Payment System (EFTPS) when making payments or deposits so that they may be confirmed. Employers registering with the EFTPS will be assigned a PIN that they should periodically use to verify payments or make nonpayroll payments. Late or missed payments will trigger a red flag with the IRS and most likely prompt an investigation. More information may be found at http://www.irs.gov/Businesses/Small-businesses-&-Self-Employed/Outsourcing-Payroll-Duties.
Free Transcripts from the IRS
Taxpayers applying for a mortgage, a VISA or a student loan may need copies of prior year tax information. The IRS provides two types of transcripts at no charge:
- A tax return transcript that shows most line items from the tax return as filed; or,
- A tax account transcript that shows any adjustments made by the taxpayer or the IRS after the return was filed.
Transcripts can be requested from the IRS by phone, by mail or online at www.irs.gov/Individuals/Get-Transcript.
New York State Brownfield Credits - Time is of the Essence
Click here to review how Tronconi Segarra & Associates may be able to assist you in applying for New York State Brownfield Credits, and what the new deadlines are now that Governor Cuomo has not extended the program beyond December 31, 2015.
State & Local Tax Update
Click here to read the latest on the Internet Tax Freedom Act and the Marketplace Fairness Act.
Follow us on Twitter (@TronconiSegarra) for key state & local tax updates as they happen, and to join the conversation about proposed federal legislation that could impact online sellers.
Are You an Attorney in Need of Support Services?
Click here to learn the many ways Tronconi Segarra & Associates can assist you, your Firm and your clients.
Are you a beneficiary of a Canadian RRSP or RRIF? The IRS has news for you. Click here to read more.