CPA Archives https://tysllp.com/category/cpa/ Trusted Advisors and Accountants Tue, 20 Jan 2026 21:39:57 +0000 en-US hourly 1 https://tysllp.com/wp-content/uploads/2020/07/TYS-Favicon-copy-75x75.png CPA Archives https://tysllp.com/category/cpa/ 32 32 CPA in NY Specializing in Business Structures https://tysllp.com/cpa-in-ny-specializing-in-business-structures/?utm_source=rss&utm_medium=rss&utm_campaign=cpa-in-ny-specializing-in-business-structures Sun, 01 Feb 2026 18:59:33 +0000 https://tysllp.com/?p=5542 🏛️ 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

The post CPA in NY Specializing in Business Structures appeared first on TYS ACCOUNTANTS.

]]> Make Tax Season Less Stressful 5 Simple Steps https://tysllp.com/make-tax-season-less-stressful/?utm_source=rss&utm_medium=rss&utm_campaign=make-tax-season-less-stressful Sun, 11 Jan 2026 08:21:12 +0000 https://tysllp.com/?p=5035 Tax Tips for Reducing Taxable Income. Tax season doesn’t have to be overwhelming. Whether you’re an employee or a small business owner, staying organized and proactive throughout the year can make filing your taxes a smoother and less stressful experience. Here are five practical tips to help you stay on top of your taxes and potentially save money along the ... Read More

The post Make Tax Season Less Stressful 5 Simple Steps appeared first on TYS ACCOUNTANTS.

]]> New Limitations on Charitable Giving https://tysllp.com/new-limitations-on-charitable-giving/?utm_source=rss&utm_medium=rss&utm_campaign=new-limitations-on-charitable-giving Sat, 10 Jan 2026 16:56:14 +0000 https://tysllp.com/?p=5512 🎁 Strategic Giving: How does the One Big Beautiful Bill Act change the rules for Charitable Giving deductions? The One Big Beautiful Bill Act (OBBBA) significantly alters the tax landscape for charitable giving, particularly for high-income itemizers and non-itemizers alike, beginning in 2026. Specifically, the Act imposes a new 0.5% Adjusted Gross Income (AGI) floor for individual itemizers. Furthermore, it ... Read More

The post New Limitations on Charitable Giving appeared first on TYS ACCOUNTANTS.

]]> 🪙 Retirement Relief: Understanding the New Senior Deduction in the One Big Beautiful Bill Act https://tysllp.com/retirement-relief-new-senior-deduction/?utm_source=rss&utm_medium=rss&utm_campaign=retirement-relief-new-senior-deduction Sat, 03 Jan 2026 15:43:12 +0000 https://tysllp.com/?p=5492 How does the One Big Beautiful Bill Act provide an extra Senior Deduction for taxpayers over age 65? The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, creates a new, temporary Senior Deduction to provide tax relief for individuals aged 65 and older. Specifically, it allows a deduction of $6,000 for single filers and $12,000 for married couples ... Read More

The post 🪙 Retirement Relief: Understanding the New Senior Deduction in the One Big Beautiful Bill Act appeared first on TYS ACCOUNTANTS.

]]> Advanced Tax Prep Tips for High-Net-Worth Individuals & Business Owners https://tysllp.com/advanced-tax-prep-tips-for-high-net-worth-individuals-business-owners/?utm_source=rss&utm_medium=rss&utm_campaign=advanced-tax-prep-tips-for-high-net-worth-individuals-business-owners Mon, 01 Dec 2025 15:45:38 +0000 https://tysllp.com/?p=5445 Don’t Leave Money on the Table: Basic tax prep tips—like organizing receipts and meeting the deadline—only get you so far. For small to medium-sized business owners and high-net-worth individuals, effective tax preparation is an aggressive, proactive strategy built on deep knowledge of the tax code and industry-specific regulations. The goal isn’t just compliance; it’s optimization. The TYS team, with a ... Read More

The post Advanced Tax Prep Tips for High-Net-Worth Individuals & Business Owners appeared first on TYS ACCOUNTANTS.

]]> 🛡️ The OBBBA Sets new Estate & Gift Tax Exemption https://tysllp.com/the-obbba-sets-new-estate-gift-tax-exemption/?utm_source=rss&utm_medium=rss&utm_campaign=the-obbba-sets-new-estate-gift-tax-exemption Sun, 02 Feb 2025 17:12:45 +0000 https://tysllp.com/?p=5516 How does the One Big Beautiful Bill Act affect Estate & Gift Tax planning? The One Big Beautiful Bill Act (OBBBA), signed in July 2025, provides unprecedented certainty for high-net-worth individuals and business owners. Specifically, the Act permanently sets the federal unified Estate & Gift Tax exemption amount. This amount is $15 million per individual or $30 million for married ... Read More

The post 🛡️ The OBBBA Sets new Estate & Gift Tax Exemption appeared first on TYS ACCOUNTANTS.

]]>