accounting Archives - Cerini & Associates, LLP

Inflation Reduction Act and the Increase in IRS Resources

Aug 29, 2022 | Accounting Updates, Blog, Edward McWilliams, Long Island Business

The Inflation Reduction Act was signed into law by President Biden on August 16, 2022. The bill came as a surprise to many as it appeared somewhat out of nowhere after it was believed any legislation was politically dead. We discussed the provisions of the act when...

Tax Impacts of the Inflation Reduction Act of 2022

Jul 28, 2022 | Blog, Edward McWilliams, Long Island Business, Tax Tips with Ed

In what many political pundits are calling one of the most surprising and unlikely outcomes ever, Senators Schumer and Manchin have finalized negotiations on a new bill which would include several tax proposals. The new bill, called the “Inflation Reduction Act of...

Build Back Better –Tax Implications for Dealers

Dec 7, 2021 | Blog, Edward McWilliams

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Tax Information Reporting for Non-Profit Organizations

Dec 7, 2021 | Blog, Edward McWilliams, Nonprofit, Tax Tips with Ed

Information reporting, such as on Forms 1099 or W-2, is one of the crucial components of a well-functioning tax system. Such information reporting both assists taxpayers in filing of their annual returns as well as informs the government of income earned by...

OMIG Changes Certification Requirements

Dec 15, 2020 | Mahnaz Cavalluzzi, Nonprofit, Special Education

According to the OMIG website, providers that receive Medicaid payments no longer have to perform an annual certification with the OMIG each December.