January 2023
Featured Article From Our Experts
Significant Tax-Focused Changes Arising from the SECURE 2.0 Act of 2022 

President Biden signed the Consolidated Appropriations Act of 2023 at the end of 2022. This contained the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act of 2022 (“SECURE 2.0”). In this article, I will highlight some of the most impactful provisions and how you can expect them to affect your taxes.

Six Key Tax Q&As for 2023
Right now, taxpayers may be more concerned about their 2022 tax bills than about how to handle their personal finances in the new year. However, as they deal with their annual tax filing, it’s a good idea to also familiarize themselves with pertinent tax-related amounts that may have changed in 2023. This article poses six key questions about such amounts, including those related to retirement planning and the itemized deduction.
Are You at Risk for Investment Fraud?
Many perpetrators of investment fraud know how to push the right psychological buttons to entice their “marks” to buy worthless or nonexistent securities. Would-be investors can mitigate the risks by asking a few questions, performing some research and consulting with trusted advisors. 

Are You at Risk of Retirement Plan Leakage?
Generally, the term “leakage” has negative connotations. So, it’s not surprising that the same is true in the context of retirement planning, where leakage refers to pre-retirement early withdrawals from a retirement account. A business owner who sponsors a qualified retirement plan might say, “Well, that’s my participants’ business, not mine.” But there are valid reasons to address the issue with employees participating in a company’s plan. 


Smooth Sailing: Tips for Easier Navigation Through Tax Season
The IRS generally begins accepting the previous year’s individual tax returns in late January. So, it’s time for taxpayers to start thinking about getting their tax returns prepared. Here are quick tips taxpayers can use to speed tax processing and avoid hassles.
Check us out on social media!

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.