April 202323il 2023
Featured Article From Our Experts
Improving Your Financial Statement Analysis

Is your company effectively analyzing your internal financial reports? Financial statement analysis requires a grouping of analytical, problem-solving and technical skills. While many companies have not made this a key focus, this article will show you how financial statement analysis can bring both short-term and long-term benefits to your business.

Thinking About Converting Your Home Into a Rental Property?
In some cases, homeowners move to new residences, but keep their present homes and rent them out. Homeowners who are considering this are probably already aware of the financial risks and rewards of doing so. However, they should also know that renting out a personal residence carries potential tax benefits and pitfalls.
Offering Summer Job Opportunities?
Double-Check Child Labor Laws
Spring has sprung — and summer isn’t far off. For businesses that typically hire minors for summer jobs, it’s a good idea to brush up on child labor laws. The U.S. Department of Labor’s Wage and Hour Division recently announced that it’s stepping up efforts to identify child labor violations in the Salt Lake City area. The news serves as a good reminder to companies nationwide about the many details involved in employing children.
Be Prepared for Taxes on Social Security Benefits
No one likes surprises when filing a tax return. One thing that catches many older people off guard is getting taxed on their Social Security benefits. This article explains how taxpayers can calculate provisional income to determine whether their Social Security income is indeed subject to taxation.

Is Your Withholding Adequate?
Many people are distressed to find they owe money when they file their federal tax returns. When that happens, taxpayers might want to change their withholding so that it doesn’t happen again the following year. Another reason to consider adjusting withholding is when a taxpayer gets a big refund, which essentially means the government got a tax-free loan of the taxpayer’s money. 
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About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. Throughout this forty-plus years' history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients, and it's also the most significant way we can contribute to their long-term success.

OFFICE LOCATIONS:
DM Financial Plaza, 221 South Warren Street, Syracuse, NY 13202
213 North Street #1, Auburn, NY 13021
220 Harborside Drive, Suite 201, Schenectady, NY 12305
220 Stage Road, Vestal, NY 13850

To learn more about Dannible & McKee, visit us at: www.dmcpas.com.