Charitable Giving Under the CARES ACT

On March 27, 2020, the CARES ACT (Coronavirus Aid, Relief and Economic Security) was enacted. The Act includes provisions to encourage immediate action by donors to Section 501(c)(3) charitable organizations. These provisions are for the 2020 tax year only. For donors who no longer itemize their deductions (for example, retirees who have moved into a…

Small Business Relief Opportunities

We understand that there has been much media coverage of various government subsidies and concessions now available to small businesses to relieve the economic impacts of the COVID-19 crisis. To help you navigate what is available and whether it makes sense for your business to apply for any of these programs, we offer the following…

To Give or Not to Give, Part 2

Recently, Izabela Poludniak, a senior audit manager here at Sassetti LLC, put out a great blog post which delves deeply into the subject of how donors can be more conscious of where they direct their charitable dollars. I highly encourage you to go back and read her post. For part 2, I’d like to focus…

To Give or Not to Give

One of the first things I learned when I started my career in accounting is that numbers don’t lie. But they also don’t tell the whole story. In the case of a for-profit business, years of losses can speak to years of inefficiencies, OR years of research and innovation that will yield exponentially larger future…

Are You Ready? It’s Here.

Normally, in my life, I try to plan things out in advance. I always have tasks marked on my calendar or my to-do list, and try to be prepared for what may be around the corner.  This is probably the case with most accountants, and of course is true for the regulatory bodies that create…

Pick A Hat

Pick a hat, any hat.  It might sound like a game of chance to some, but for small business owners (including me) it’s a daily decision that has to be made, usually many times a day.  Small business owners are often simultaneously the CFO, CEO, HR Manager, Payroll Manager, Bookkeeper, and Janitor. Not to mention…