March 2023
Featured Article From Our Experts
Do You Need to Take a Required Minimum Distribution by April 1, 2023?

We have been receiving numerous calls and emails lately with questions regarding the minimum distribution requirements and changes that were made to RMDs with the SECURE 2.0 Act. In this article, I will review those changes and offer advice on whether or not you should act by April 1.
Seven Questions To Ask About a Business Valuation Report
Business valuation experts usually provide formal written reports that explain how they arrived at their conclusions. Here are seven questions to help you evaluate whether an expert covered all the bases when valuing your business.
Can You Deduct the Costs of a Spouse on a Business Trip?
A company owner who travels on business, accompanied by his or her spouse, may be able to deduct all the travel expenses incurred by the spouse. However, the rules are restrictive, starting with the requirement that the spouse must be a bona fide employee of the company. Failure to meet that rule is the reason why, in most cases, a spouse’s travel costs aren’t deductible. 
Have a Foreign Account? File an FBAR
In an increasingly global society, many taxpayers hold foreign accounts. This article explains the rules regarding who must file a Report of Foreign Bank and Financial Accounts (FBAR) with the government.

Reconsidering Your Personal Emergency Fund
Back in 2020 when the COVID-19 pandemic first hit, many people’s emergency funds were suddenly put to the test. Now, presumably with the benefit of some hindsight, the financially savvy might want to reconsider their approach to saving. This brief article discusses some key points to keep in mind.

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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
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220 Stage Road, Vestal, NY 13850

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