Is It the Right Time for Your Company To Consider Solar Panels?

If you're thinking about investing in solar energy for your business, now could be an opportune time to do so. Thanks to the Solar Investment Tax Credit and the Solar Production Tax Credit, which can help to offset costs, solar power may be a compelling choice for your business. In this article, I'll cover everything you need to know about these tax credits and the key factors to consider when making the switch to solar energy.

Lost Your Job? Here Are the Tax Aspects of an Employee Termination

Even with a strong job market, some individuals still experience job loss. For those who are laid off or terminated from employment, taxes are probably the last thing they’re concerned about. However, they may face tax implications when personal and professional circumstances change, and there may be some decisions to make.

Family Businesses Must Beware of Fraud

Family businesses make up a considerable percentage of companies in the United States and produce much of the country’s gross domestic product. Often defined as companies that are majority owned by a single family with two or more members involved in their management, family businesses can be a significant source of wealth. They may also face higher fraud risks. This article explains why that is true and how family businesses can reduce the risks.

Are Scholarships Taxable?

If your child is awarded a scholarship for college or another type of school, it’s certainly cause for celebration. But parents need to be aware of the potential tax implications. This article explains when a scholarship may be taxable.

Estimated Tax Payments: Who Owes Them and When?

Many people earn money during the year but don’t have any, or enough, federal tax withheld from the payments. Or they have taxable income from sources such as interest, dividends, self-employment income or capital gains. If that’s the case, they may need to make estimated payments or risk triggering a penalty at tax time.

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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.