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February 2023
Featured Article From Our Experts
Comparing Financial Statement Audits, Reviews, Compilations and Preparations

Financial statement users associate CPAs with providing audit reports on their company's financial statements. However, did you know that CPAs can actually provide three other levels of service for unaudited financial statements? In this article, I will provide a breakdown of all four levels of service and why they may be the right fit for your business.
Protect Your Business With Meticulous Records
Running a business requires that strong, supportable records be kept. Every expense that appears on a tax return might have to be defended if the IRS decides to audit the return. And failing to operate in a businesslike manner and keep good records might lead the IRS to deem the activity a hobby rather than a business. This means expenses may be limited or disallowed. This article illustrates how the IRS (and sometimes the courts) view business records, what they’re looking for and what’s considered acceptable substantiation.  
Qualifying for the Home Office Deduction
Working from home has become the norm for many people in recent years. Now they might be wondering if they can claim the home office deduction for 2022. The short answer is: Only those who are self-employed can claim it. This article delves deeper into the rules involved.
Moving Out of State? Learn All the Tax Implications First
Many people might think about moving to another state. However, it’s important to consider the tax ramifications before doing so. This article urges readers to identify all applicable taxes in a destination state ahead of time and recommends learning what the legal requirements are for establishing domicile. 


Throwing Snowballs at a Mountain of Debt
It’s common for many people to start the year intending to get out of debt, yet end the year owing just as much, if not more. This brief article explores a debt-reduction approach called “throwing snowballs,” which involves organizing debts from lowest to highest balance and knocking them down one by one.
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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.