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# Sassetti LLC

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## Posts

- [Sassetti Insights](https://sassetti.com/insights/) - Latest Posts News Communication Tax More Insights
- [The Hidden Wealth Strategy: Owning the Building Behind Your Dental Practice](https://sassetti.com/the-hidden-wealth-strategy-owning-the-building-behind-your-dental-practice/) - The Hidden Wealth Strategy: Owning the Building Behind Your Dental Practice As your trusted CPA, one of the most common questions we get from dental professionals is: “Should I buy the building where my dental practice is located?” While leasing can offer flexibility, especially early on, owning your dental office can be a smart long-term investment with
- [A Nonprofit’s Guide to Understanding and Accounting for Multiyear Pledges](https://sassetti.com/a-nonprofits-guide-to-understanding-and-accounting-for-multiyear-pledges/) - A Nonprofit’s Guide to Understanding and Accounting for Multiyear Pledges For a nonprofit organization, securing multiyear pledges can be extremely helpful to organizations that are looking to increase their financial stability, or help serve as a significant resource for capital or mission-based projects. While these types of pledges provide more clarity for funding, they can
- [IEEPA Tariff Refunds: CIT Suspends Tariff Refund Order, CBP Develops New Refund Procedure](https://sassetti.com/ieepa-tariff-refunds-cit-suspends-tariff-refund-order-cbp-develops-new-refund-procedure/) - IEEPA Tariff Refunds: CIT Suspends Tariff Refund Order, CBP Develops New Refund Procedure On March 6, 2026, the U.S. Court of International Trade (CIT) suspended its March 4, 2026 order (as amended on March 5) directing U.S. Customs and Border Protection (CBP) to remove IEEPA duties from all affected entries and issue refunds to all importers of
- [The Most Overlooked Single Audit Requirement: Suspension & Debarment (and Why Documentation Is Everything)](https://sassetti.com/the-most-overlooked-single-audit-requirement-suspension-debarment-and-why-documentation-is-everything/) - The Most Overlooked Single Audit Requirement: Suspension & Debarment (and Why Documentation Is Everything) The most overlooked Single Audit requirement is often not about allowability, procurement thresholds, or reporting deadlines. It is something much simpler and completely avoidable: nonprofits forget to document their Suspension and Debarment checks. Under 2 CFR §200.214, every recipient and subrecipient
- [Start-up Company with a Focus in the Manufacturing Sector](https://sassetti.com/start-up-company-with-a-focus-in-the-manufacturing-sector/) - Startup Company with a Focus in the Manufacturing Sector Starting a manufacturing business involves careful planning, understanding market demands, and addressing gaps in the current industry. Here’s a breakdown of the key aspects to consider when launching a manufacturing startup: 1. Identifying a Need in the Market Assess Market Gaps: Understand current market demands and
- [Understanding GAAP for Cost-Reimbursement Grants: When Expenses and Revenue Are Really Recognized](https://sassetti.com/understanding-gaap-for-cost-reimbursement-grants-when-expenses-and-revenue-are-really-recognized/) - Organizations that receive cost-reimbursement grants often encounter confusion about when “spending” shows up in the financial statements. Many assume the timing is driven by vouchers or drawdowns, but under Generally Accepted Accounting Principles (GAAP), the timing is driven by something very different: when the cost is actually incurred. For nonprofits, this follows ASC 958‑605, which
- [Substantiation of Business Income and Expenses ](https://sassetti.com/substantiation-of-business-income-and-expenses/) - Substantiation of Business Income and Expenses Items of Note Businesses of all sizes are experiencing increasing scrutiny by taxing authorities, at the federal, state and local levels. Fees and penalties are increasing at alarming rates, making the stakes higher and more costly than ever for issues of noncompliance. The end of the year is a
- [2026 Manufacturing Industry Predictions](https://sassetti.com/2026-manufacturing-industry-predictions/) - 2026 Manufacturing Industry Predictions The year 2026 will be a defining moment for manufacturers. Economic volatility and shifting policies are forcing companies to retool how they plan, operate, and compete. Artificial intelligence (AI) and automation are emerging as critical tools for achieving both operational agility and resilience in this uncertain environment. At the same time,
- [Why Filing an Extension Can Be a Strategic Advantage](https://sassetti.com/why-filing-an-extension-can-be-a-strategic-advantage/) - Why Filing an Extension Can Be a Strategic Advantage When many taxpayers hear the word extension, they assume something has gone wrong. In reality, filing an extension is often a thoughtful and proactive decision that supports a stronger overall tax strategy. An extension provides additional time to file your tax return, typically six months beyond
- [2026 Real Estate & Construction Industry Predictions](https://sassetti.com/2026-real-estate-construction-industry-predictions/) - 2026 Real Estate & Construction Industry Predictions The real estate and construction industry has weathered years of disruption, from supply chain chaos and natural disasters to labor shortages and interest rate volatility. As companies look ahead, 2026 is shaping up to be another year of change and challenge. Emerging trends in technology, artificial intelligence (AI),
- [2026 Nonprofit & Higher Education Industry Predictions](https://sassetti.com/2026-nonprofit-higher-education-industry-predictions/) - 2026 Nonprofit & Higher Education Industry Predictions The nonprofit sector demonstrated remarkable resilience in 2025. But as organizations enter a new year, leaders must be prepared for an environment characterized by unpredictability and heightened scrutiny from policymakers. Success will require creativity and adaptability in pursuit of long-term growth. In this year’s outlook, we highlight seven
- [Congress Working to Reform Tax Treatment of Digital Assets ](https://sassetti.com/congress-working-to-reform-tax-treatment-of-digital-assets/) - Current Legislative Focus: CLARITY Act and Emerging PARITY Act While much attention is currently directed toward the potential enactment of the Digital Asset Market Clarity (CLARITY) Act that passed the House last year, there is growing momentum surrounding another significant draft bill: the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields (PARITY) Act. This
- [Postal Service Finalizes New Rule on Postmark Dates](https://sassetti.com/postal-service-finalizes-new-rule-on-postmark-dates/) - Postal Service Finalizes New Rule on Postmark Dates The U.S. Postal Service (USPS) recently published a final rule regarding postmarks and postal possession that entered into effect on December 24, 2025. The new rule defines postmarks, identifies markings that qualify as postmarks, describes the circumstances of the markings’ application, and indicates how customers can obtain
- [Year-End Tax & Accounting Checklist for Dentists ](https://sassetti.com/year-end-tax-accounting-checklist-for-dentists/) - Year-End Tax & Accounting Checklist for Dentists Use this printable checklist to wrap up your dental practice’s financial year. Stay organized, maximize deductions, and start the new year on a solid financial footing. Dental Practice Year End Checklist Financial Records Reconcile bank and credit card statements Review bookkeeping for accuracy and completeness Match invoices and
- [Pass-Through Entity Tax: What It Is and Why It Matters for Dentists ](https://sassetti.com/pass-through-entity-tax-what-it-is-and-why-it-matters-for-dentists/) - Pass-Through Entity Tax: What is it and Why It Matters for Dentists If you own a dental practice that’s structured as a partnership or S corporation, you may have heard about the Pass-Through Entity (PTE) Tax. Many states now offer this tax election as a powerful way to reduce your federal income tax burden, but
- [1099 Tax FormsSales/Use Tax Requirements](https://sassetti.com/1099-tax-formssales-use-tax-requirements/) - 1099 Tax Forms Sales/UseTax Requirements It is the time of year to begin planning and preparing for the issuance of your company’s 1099s by February 2, 2026. As a reminder, here are some general guidelines and deadlines to keep in mind: FORM 1099-NEC: You must file Form 1099-NEC, Non-Employee Compensation, to report payments for services
- [2025 Year-End Tax Planning for Private Businesses](https://sassetti.com/2025-year-end-tax-planning-for-private-businesses/) - 2025 Year-End Tax Planning for Private Businesses Lead with Confidence in a New Tax Era. Today’s tax environment is evolving faster than ever. Rapid legislative updates, economic uncertainty, and emerging technologies are redefining the rules for businesses across every industry. The One Big Beautiful Bill Act (OBBBA) introduces a host of new advantages and challenges—making
- [Why Smart Taxpayers Choose to Extend](https://sassetti.com/why-being-on-extension-isnt-a-bad-thing/) - You’re not behind on filing, you’re being strategic. Many people think filing an extension means you missed something or fell behind, but that is not true. Extensions are one of the most valuable tools the IRS provides. They exist to give taxpayers and professionals the time needed to file a complete, accurate, and strategic return.
- [Understanding State Specific Challenges for Professional Service Firms](https://sassetti.com/understanding-state-specific-challenges-for-professional-service-firms/) - Running a dental practice comes with many responsibilities, and one of the key areas that can often be overlooked is understanding and managing state tax obligations. Navigating through state tax filings can be daunting, but it's crucial for maintaining the financial health of your dental practice. Proper management of state taxes not only ensures compliance
- [Unclaimed GoFundMe Pages Spark Concern Across Nonprofit Sector](https://sassetti.com/unclaimed-gofundme-pages-spark-concern-across-nonprofit-sector/) - October 2025 GoFundMe recently confirmed that it has automatically created donation pages for approximately 1.4 million nonprofit organizations across the United States, many of which were unaware that such pages existed. This development has sparked concerns throughout the nonprofit sector about issues of consent, donor engagement, and oversight of fundraising activities. What Happened GoFundMe generated
- [Making the Leap: Adding a Partner to your Dental Practice](https://sassetti.com/making-the-leap-adding-a-partner-to-your-dental-practice/) - Running a dental practice as a single practitioner is both rewarding and demanding. For many dentists, there comes a point when bringing in a partner feels like the next natural step. Whether it's to manage a growing patient base, prepare for retirement, or simply reduce the stress of running a business alone, transitioning from owning
- [Pass-Through Entity Tax Credit versus Nonresident Withholding: A Guide for Dentists ](https://sassetti.com/pass-through-entity-tax-credit-versus-nonresident-withholding-a-guide-for-dentists/) - If you’re a dentist who owns or co-owns a practice, especially one structured as a partnership or S corporation, you’ve likely heard about Pass-Through Entity (PTE) tax elections and nonresident withholding. These two tax concepts are often misunderstood, and sometimes used interchangeably, but they serve very different purposes. In this article, we’ll clarify what each
- [New Tax Law Will Have Significant Impact on Tax-Exempt Organizations ](https://sassetti.com/new-tax-law-will-have-significant-impact-on-tax-exempt-organizations/) - President Donald Trump signed into law a sweeping reconciliation tax bill, commonly known as the “One Big Beautiful Bill Act” (OBBBA) at a July 4 signing ceremony, capping a furious sprint to finish the legislation before a self-imposed Independence Day holiday deadline. The Senate had approved the bill in a 51-50 vote on July 1
- [One Big Beautiful Bill Act: Implications for Accounting for Income Taxes](https://sassetti.com/one-big-beautiful-bill-act-implications-for-accounting-for-income-taxes/) - President Donald Trump signed the reconciliation tax bill, commonly known as the “One Big Beautiful Bill Act” (OBBBA) into law July 4, 2025, which is considered the enactment date under U.S. Generally Accepted Accounting Principles (GAAP). The legislative changes will affect income tax accounting in accordance with Accounting Standards Codification (ASC) 740, Income Taxes. Notable
- [Republicans Complete Sweeping Reconciliation Bill](https://sassetti.com/republicans-complete-sweeping-reconciliation-bill/) - The president signed into law a sweeping reconciliation tax bill in a July 4 signing ceremony, capping a furious sprint to finish the legislation before the self-imposed holiday deadline. The Senate approved the bill in a 51-50 vote on July 1 after making a number of last-minute changes following intense bicameral negotiations. The House voted
- [Accounting Best Practices for Independent Schools: Safeguarding Financial Health—Even When School’s Out!](https://sassetti.com/accounting-best-practices-for-independent-schools-safeguarding-financial-health-even-when-schools-out/) - As the final bell rings and students head off for summer adventures, independent school leaders can finally take a well-earned breath. The slower pace of summer brings a chance to reflect, plan, and even recharge. But while the classrooms might be quiet, your school’s financial operations shouldn’t take a vacation.At Sassetti, we’ve worked alongside independent
- [Required Minimum Distributions (“RMD”) for IRAs inherited in 2020-2024](https://sassetti.com/required-minimum-distributions-rmd-for-iras-inherited-in-2020-2024-2/) - We finally have long-awaited clarification on the requirement to withdraw minimum distributions from an inherited IRA as a follow-up to the Secure Act that went into effect on January 1, 2020. Transitional rules in Notice 2024-35 provide final guidance that an excise tax will not be asserted to be due if you were required to
- [The ABCs of inherited IRAs](https://sassetti.com/the-abcs-of-inherited-iras/) - of Inherited IRAs What You Need to Know You’ve found out that you are inheriting an IRA or retirement account from a loved one who has passed away because they listed you as a specific beneficiary for their retirement account. There are many things that you need to know about inherited IRA’s before you take any action on
- [Stretching Your Inherited IRA: Maximize Your Benefits](https://sassetti.com/managing-your-inherited-ira/) - You are probably used to hearing us tell you that deferring payment of your taxes is always the best option to take. But in the case of an inherited IRA, that might not always be the case. Maximizing your inherited IRA's benefits requires careful planning to avoid higher taxes and keep more of your money.
- [Tis the Season for a Roth IRA Conversion](https://sassetti.com/tis-the-season-for-a-roth-ira-conversion/) - November and December are often the months of the year when people do a Roth IRA conversion. Before we get into the details on the when, why and how of a Roth IRA conversion though, it would be good to make sure everyone understands what a Roth IRA is and why a Roth IRA can be a
- [The Hidden Costs of Inventory: Identification and Mitigation Strategies ](https://sassetti.com/the-hidden-costs-of-inventory-identification-and-mitigation-strategies/) - Inventory management goes beyond simple tracking; it's about optimizing costs and maximizing resource efficiency. For manufacturers, recognizing the hidden costs of inventory is essential to enhance financial performance and operational efficiency. Here, we delve into these hidden costs and provide actionable strategies to mitigate them. 1. Storage Costs Direct Costs: Warehousing Expenses: Rent, utilities, and
- [Illinois Sales and Use Tax on Leased Tangible Personal Property](https://sassetti.com/illinois-sales-and-use-tax-on-leased-tangible-personal-property/) - The Illinois Sales and Use Tax on leased tangible personal property, effective January 1, 2025, introduces new requirements for lessors who those involved in leasing or renting tangible personal property as part of their business operations. Here's a breakdown of key points: Who It Affects: Businesses leasing or renting tangible personal property: If you lease
- [My CPA says, ‘extend.’What does that mean to me?](https://sassetti.com/my-cpa-says-extend-what-does-that-mean-to-me/) - What does filing an “extension” do? An extension is a form filed with the IRS to request additional time to file your federal tax return. The extension period is six months, extending the due date for submitting your individual return to Oct. 15.* In many states, filing an extension with the IRS will automatically extend
- [What You Need to Know Before the April 2025 Deadline](https://sassetti.com/what-you-need-to-know-before-the-april-2025-deadline/) - With the 2024 tax season just around the corner, there are some important updates you need to know about. Staying informed can help you plan and avoid surprises when you file your return. IRS Mileage Rate Increase For 2024, the IRS standard mileage rate for business use has increased to 67 cents per mile, up
- [Navigating Federal Funding Freeze Uncertainty: What Organizations Need to Know and Do](https://sassetti.com/navigating-federal-funding-freeze-uncertainty-what-organizations-need-to-know-and-do/) - In an unprecedented move, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, implementing a temporary pause across federal financial assistance programs. Although the memorandum was rescinded just two days later due to widespread confusion and legal challenges, the episode highlights the vulnerability of organizations reliant on federal funding. It also underscores
- [Key 2024 Tax Updates: What You Need to Know Before Filing](https://sassetti.com/key-2024-tax-updates-what-you-need-to-know-before-filing/) - With the 2024 tax season just around the corner, there are some important updates you need to know about. Staying informed can help you plan and avoid surprises when you file your return. IRS Mileage Rate Increase: For 2024, the IRS standard mileage rate for business use has increased to 67 cents per mile, up
- [UBIT Triggers for Nonprofit Organizations](https://sassetti.com/ubit-triggers-for-nonprofit-organizations/) - Nonprofits must be diligent in identifying potential UBIT-triggering activities and understanding how these activities align or conflict with their tax-exempt purpose. By doing so, they can make informed decisions about their revenue-generating efforts, ensuring that they remain compliant while maximizing their ability to fund their core missions. Additionally, staying informed about changes in tax regulations
- [Do You Need a Trust? ](https://sassetti.com/do-you-need-a-trust/) - CPAs often emphasize the tax benefits of trusts. Trusts can help minimize estate taxes and, in some cases, income taxes. For example, irrevocable trusts can remove assets from your taxable estate, potentially reducing estate tax liability. Additionally, certain trusts can be structured to take advantage of annual gift tax exclusions, further reducing the taxable estate.
- [Dissecting the Skilled Labor Shortages Facing the Manufacturing Industry ](https://sassetti.com/dissecting-the-skilled-labor-shortages-facing-the-manufacturing-industry/) - Overview As a pivotal part of the global economy, the manufacturing industry is essential for fostering innovation, job creation, and economic progress. Yet, in recent years, the sector has been confronted with severe challenges, notably the scarcity of skilled labor. This article delves into the underlying reasons, consequences, and possible remedies for this urgent problem.
- [263A: Navigating Simplified Methods and UNICAP Compliance](https://sassetti.com/263a-navigating-simplified-methods-and-unicap-compliance/) - What is UNICAP? ​ This is a continuation of my last article What is UNICAP? Section 263A Explained. 263A (also referred to as UNICAP) is a very complex topic. The goal of this article is touch on the high points to help the reader get more comfortable with 263A. However, this is just a starting
- [What is UNICAP? Section 263A Explained](https://sassetti.com/what-is-unicap-section-263a-explained/) - What is UNICAP? ​ UNICAP is an IRS tax treatment rule. It is also considered an IRS accounting method, but unlike some other accounting methods, it is not optional. The acronym UNICAP stands for “Uniform Capitalization Rules”​. In the Internal Revenue Code, it is covered under Section 263A, located within Subtitle A - Income Taxes,
- [House Republicans Float Long List of Potential Tax Measures](https://sassetti.com/house-republicans-float-long-list-of-potential-tax-measures/) - Republicans in the U.S. House of Representatives Budget Committee recently circulated a draft list of policy options, some of which would help pay for the extension of the expiring provisions of the Tax Cuts and Jobs Act of 2017 and set President Donald Trump’s tax policy agenda. The document has not been officially published by
- [Accounting for Contributions in Nonprofit Organizations](https://sassetti.com/accounting-for-contributions-in-nonprofit-organizations/) - Nonprofit organizations play a vital role in society by addressing various social, cultural, and environmental needs. To effectively manage their financial resources, nonprofits must adhere to specific accounting standards, especially in relation to contributions. This article explores the key aspects of accounting for contributions in nonprofit organizations, offering insights into proper recording, reporting, and compliance.
- [Accurate Record-Keeping is Critical for Non-Profit Organizations](https://sassetti.com/accurate-record-keeping-for-nonprofits/) - When it comes to running a non-profit organization, good record-keeping is absolutely essential. Not only does it help in maintaining transparency and accountability, but it also ensures that your financial statements are accurate. Accurate financial statements are critical for gaining the trust of donors, securing grants, and meeting legal requirements. In this article, we will
- [HR Q&A - Rules for Form I-9](https://sassetti.com/hr-qa-rules-for-form-i-9/) - What are the rules for Form I-9? Do all employees need to complete one, even if I know they’re eligible for employment? The Employment Eligibility Verification form, or Form I-9, must be on file for every employee who was hired after Nov. 6, 1986. Employees should complete Section 1 of Form I-9 no later than
- [2024 Revised Uniform Guidance](https://sassetti.com/2024-revised-uniform-guidance/) - 2024 Revised Uniform Guidance On April 22, 2024, the Office of Management and Budget (OMB) issued guidance for “Federal Financial Assistance” which included the 2024 revised Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). This revision of the Uniform Guidance is the most significant since its establishment in 2013 and represents a commitment
- [Nonprofit Volunteers: Unpaid Employees or Independent Contractors?](https://sassetti.com/nonprofit-volunteers-unpaid-employees-or-independent-contractors-2/) - Tax-exempt organizations often refer to individuals who assist with various activities related to the exempt purpose of the organization as “volunteers.” However, many organizations may be surprised to learn that these individuals are actually “unpaid employees.” Even more surprisingly, if the unpaid employee receives cash or cash equivalents from the tax-exempt organization in appreciation for
- [Part IV: Defining Standard Cost Variances in a Work Order Environment  ](https://sassetti.com/part-iv-standard-cost-variances-in-a-work-order-environment/) - INVENTORY CONTROL: The Standard Cost Inventory Valuation System Series In Certain Standard Cost Systems, Variances May be Summarized by Work Order A work order is a document that provides specific instructions to produce a product or complete a specific task, usually for a specified quantity. Work orders are commonly used in so-called “job shops” -
- [How Nonprofits and Local Governments Can Leverage Sustainability Tax Credits](https://sassetti.com/how-nonprofits-and-local-governments-can-leverage-sustainability-tax-credits/) - When examining the availability of tax credits, organizations in the nonprofit and local government space typically disregard the opportunity as inapplicable to their organizations. To tax-exempt entities, the concept of leveraging credits to lower their tax burden may seem at odds with their tax status. However, to help build a more sustainable and equitable future,
- [Navigating the Line Between Personal and Business Expenses](https://sassetti.com/navigating-the-line-between-personal-and-business-expenses/) - Navigating the line between personal and business expenses can be a complex task. It's a critical aspect of expense management, a key component of financial planning. Misclassifying expenses can lead to legal implications. It can also distort the financial health of a business. Therefore, understanding the difference between personal and business expenses is crucial. This
- [Expense Allocation in Managing a Non-Profit Organization](https://sassetti.com/expense-allocation-in-managing-a-non-profit-organization/) - Expense allocation is a crucial aspect of managing a non-profit organization. Proper allocation ensures that resources are used efficiently and transparently, which is essential for maintaining donor trust and achieving the organization's mission. In this article, we will explore the importance of expense allocation, strategies for effective management, and tools for tracking expenses in non-profit
- [INVENTORY CONTROL: The Standard Cost Inventory Valuation System Series](https://sassetti.com/inventory-control-the-standard-cost-inventory-valuation-system-series/) - Part I: Introduction to the Standard Cost Method by Izabela Poludniak The Standard Cost method involves establishing a predetermined cost for each unit of inventory, usually based on historical data or industry standards. This method is best suited for manufacturers who have well-defined production processes and use a standardized set of raw materials and production
- [Part II: Estimating Standard Costs – What to Consider](https://sassetti.com/part-ii-estimating-standard-costs-what-to-consider/) - INVENTORY CONTROL: The Standard Cost Inventory Valuation System Series Setting standard costs involves planning and estimating what you expect to spend on producing a product or delivering a service. Here’s a step-by-step guide to help you understand how to set these costs: Step 1 - Define the Scope Identify the Product or Service Determine the
- [Part III: Defining Standard Cost Variances](https://sassetti.com/defining-standard-cost-variances/) - INVENTORY CONTROL: The Standard Cost Inventory Valuation System Series Standard Cost Think of this as a benchmark or a budget. It's the cost you expect to pay for making a product. This includes materials, labor, and overhead costs. Actual Cost This is the real cost you incur when you actually make the product. Material Price
- [Are You Leveraging Your Software's Full Potential?](https://sassetti.com/are-you-leveraging-your-softwares-full-potential/) - In the realm of financial management, accounting software integration is a game-changer. It's a key strategy for businesses seeking to streamline their financial processes. Yet, the path to seamless integration is often fraught with challenges. From data synchronization to user-friendly interfaces, many factors come into play. This article delves into the intricacies of accounting software
- [The Great Resignation, Talent Shortages, Inflation, Recession … Maybe Bonuses Can Help!](https://sassetti.com/the-great-resignation-talent-shortages-inflation-recession-maybe-bonuses-can-help/) - It will come as no surprise that bonuses (includes all forms of variable pay for purposes of this discussion) are far more prevalent in the for-profit than the nonprofit sector. For many people, bonuses are believed to be appropriate, or perhaps unavoidable, among for-profits but often viewed as inappropriate or unnecessary for nonprofits. Quite simply
- [Understanding Charity Navigator and Other Watchdog Organizations](https://sassetti.com/understanding-charity-navigator-and-other-watchdog-organizations/) - The chorus of a popular ’80s song says, “I always feel like somebody’s watching me.” Not-for-profit entities (NFP) have their financial information available on a variety of platforms including, but not limited to, the NFP’s website, the public inspection copy of its Form 990, and perhaps on its state attorney general’s website, if the NFP
- [The Vital Role of Audits in Manufacturing](https://sassetti.com/enhancing-operational-excellence-the-vital-role-of-audits-in-manufacturing/) - In the world of manufacturing, audits play a vital role in ensuring quality, safety, and compliance. Whether it’s a food manufacturing facility or a production plant, regular audits are necessary to maintain high standards and meet regulatory requirements. In this article, we’ll explore the importance of audits in manufacturing and how they contribute to the
- [Illinois Initiates $1 Million Grant Scheme to Strengthen Manufacturing](https://sassetti.com/illinois-1-million-grant-to-strengthen-manufacturing/) - Illinois Initiates $1 Million Grant Scheme to Strengthen Manufacturing The state of Illinois has recently announced a new grant program, the Made in Illinois Grant Program, aimed at boosting the manufacturing industry. The program, which will provide $1 million in grants, is part of the state's efforts to support and grow manufacturing in the small
- [Corporate Transparency Act — Beneficial Ownership Information Reporting](https://sassetti.com/corporate-transparency-act-beneficial-ownership-information-reporting/) - The Corporate Transparency Act (“CTA”) was enacted January 1, 2021, as part of the National Defense Authorization Act, representing the most significant reformation of the Bank Secrecy Act and related anti–money laundering rules since the U.S. Patriot Act. The CTA is intended to address and guard against money laundering, terrorism financing, and other forms of
- [Digital Changes in Manufacturing Accounting: Navigating the Future](https://sassetti.com/digital-changes-in-manufacturing-accounting-navigating-the-future/) - In the dynamic world of manufacturing, the evolution of accounting practices is not just a trend but a necessity. The integration of digital tools and technologies has revolutionized how manufacturing businesses handle their finances. In this comprehensive guide, we'll explore the various facets of these digital changes in manufacturing accounting. Digital Changes in Manufacturing Accounting:
- [Streamlining Production Costs with Efficient Accounting Practices: A Comprehensive Guide](https://sassetti.com/streamlining-production-costs-with-efficient-accounting-practices-a-comprehensive-guide/) - Streamlining Production Costs with Efficient Accounting Practices: A Must in Today's Market In today's competitive landscape, trimming the fat off production costs isn't just smart; it's crucial. The trick is in the details, and efficient accounting practices are where it all begins. The Role of Accurate Cost Tracking It's like keeping an eagle eye on
- [Nonprofits Pivot from Survival to Resilience: BDO 2023 Nonprofit Standards Benchmarking Survey](https://sassetti.com/nonprofits-pivot-from-survival-to-resilience-bdo-2023-nonprofit-standards-benchmarking-survey/) - The BDO 2023 Nonprofit Standards Benchmarking Survey of more than 250 nonprofits highlights a crucial shift in the nonprofit sector towards strategic resilience, marking a departure from the reliance on recent federal funding. Data from our annual survey reveals that in response to economic uncertainties, nonprofits are prioritizing digital transformation (42%), cost reduction (38%), and
- [2023 IRS Update: Key Tax Changes for 2024](https://sassetti.com/2023-irs-update-key-tax-changes-for-2024/) - Inflation Adjustments The IRS has updated more than 60 tax provisions for 2024 due to inflation. This includes tax rates and various tax-related changes. Marginal Tax Rates for 2024 For the tax year 2024, the IRS has set distinct marginal tax rates for different income levels, which is crucial for taxpayers to understand for efficient
- [2023 Year-End Tax Planning For Individuals](https://sassetti.com/2023-year-end-tax-planning-for-individuals/) - With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year end, now is the time for individuals, business owners and family offices to review their 2023 and 2024
- [Pay Transparency – Is Your Organization Ready?](https://sassetti.com/is-your-organization-ready-pay-transparency/) - In the past, most discussions about compensation were largely confined to the specific instances of either a job offer or the once-a-year “pay discussion” between manager and subordinate. Outside of these circumstances, the topic was generally not viewed as a subject for polite conversation. In recent years, society has been pushing organizations to be more
- [The Employee Retention Credit: What Taxpayers Need to Know](https://sassetti.com/the-employee-retention-credit-what-taxpayers-need-to-know/) - The U.S. government has repeatedly revised the requirements for U.S. taxpayers to claim the Employee Retention Credit (“ERC”), also commonly known as the Employee Retention Tax Credit, since its initial codification into law. As a result, many eligible taxpayers have been left uncertain as to whether they may properly claim this often-valuable tax credit. Because
- [Small business 401(k) plans - Meet the IL retirement mandate](https://sassetti.com/small-business-401k-plans-meet-the-il-retirement-mandate/) - Many states have begun implementing state laws that require every employer that has been in business for a certain period of time and has a minimum number of employees to offer a retirement plan to their employees. Explaining the Illinois retirement mandate Illinois recently enacted this legislation and the final deadline to implement a retirement
- [CECL for Nonprofits Is Here – Helping You Prepare](https://sassetti.com/cecl-for-nonprofits-is-here-helping-you-prepare/) - Nonprofits have endured the challenges of adopting several new accounting standards over the last several years. Now, after a lengthy deferral period, the Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments), commonly referred to as CECL or “Current Expected
- [Better Business Bureau Wise Giving Alliance](https://sassetti.com/better-business-bureau-wise-giving-alliance/) - The Better Business Bureau (BBB) Wise Giving Alliance (WGA) is a standards-based charity evaluator that seeks to verify the trustworthiness of charities publicly soliciting donations. The BBB WGA helps charities build trust and donors give wisely. The BBB WGA’s foundation is the BBB Charity Standards, 20 standards addressing four themes. Following are the four themes
- [How Can AI Technology Create Value in Higher Education?](https://sassetti.com/how-can-ai-technology-create-value-in-higher-education/) - Incredible advances in technology in recent years have enabled organizations to connect with and serve stakeholders in new and increasingly efficient ways. This includes leveraging artificial intelligence (AI) and chatbot technologies to revolutionize higher education operations, offering many benefits to institutions and their various stakeholders. In the past few years, we have seen higher education
- [Tax Strategies for Tech Start-Ups](https://sassetti.com/unleashing-tax-strategies-for-tech-start-ups/) - Welcome to the ultimate guide for techpreneurs, where we unravel the mysteries of tax strategies tailored for the fast-paced world of start-ups.
- [Maximize Your Tax Savings: Mastering Depreciation Rules for Business Vehicles](https://sassetti.com/maximize-your-tax-savings-mastering-depreciation-rules-for-business-vehicles/) - Are you utilizing a car for your business operations? Understanding the complex tax depreciation deductions for vehicles, including a wide range of pickups and SUVs designated as passenger autos, can be challenging. These specific restrictions often extend the duration required to fully depreciate a vehicle than initially anticipated. The Standard Mileage Rate Already Includes Depreciation
- [How the New Market Tax Credit Benefits Nonprofits](https://sassetti.com/how-the-new-market-tax-credit-benefits-nonprofits/) - The New Markets Tax Credit (NMTC) program was created to stimulate economic growth in low-income communities by providing tax incentives to private investors. While this program is often associated with for-profit businesses, it also offers significant benefits to nonprofit organizations. In this article, we will explore how nonprofit organizations can leverage the NMTC program to
- [Electric Vehicle Tax Credits - Exploring the Benefits](https://sassetti.com/electric-vehicle-tax-credits-exploring-the-benefits/) - Electric vehicles (EVs) are becoming increasingly popular as more people look for ways to reduce their carbon footprint and save money on gas. However, the upfront cost of purchasing an EV can be a barrier for many consumers. That's where electric vehicle tax credits come in. Within this article, we will examine the advantages of
- [Paperless Tech - Shift to a Paperless Environment](https://sassetti.com/paperless-tech-shift-to-a-paperless-environment/) - In today's digital age, the use of paper has become increasingly obsolete. With the rise of paperless technology, businesses and individuals are shifting towards a more environmentally friendly and efficient way of managing documents and workflows. In this article, we will explore the benefits of going paperless and how technology is making it easier than
- [Addressing Talent Shortages in the Tech Industry](https://sassetti.com/addressing-talent-shortages-in-the-tech-industry/) - The tech industry is booming, but with this growth comes a pressing challenge: talent shortages. As companies race to innovate and stay competitive, the scarcity of qualified tech experts poses significant roadblocks and the demand for skilled professionals has surged to unprecedented levels. Understanding the Tech Talent Shortage The tech talent shortage is a result
- [State Tax Credits in 2024](https://sassetti.com/the-potential-of-state-tax-credits-in-2024/) - In the realm of tax planning and financial management, every opportunity to save becomes a significant advantage. Enter state tax credits—a dynamic avenue that allows individuals and businesses to leverage incentives offered by state governments to reduce their tax liabilities. In this article, we'll delve into the world of state tax credits, exploring their benefits,
- [The Benefits of Cost Segregation Studies](https://sassetti.com/maximizing-returns-the-benefits-of-cost-segregation-studies/) - Are you a commercial property owner or investor? If so, you may be missing out on significant tax savings by not utilizing a Cost Segregation Study. Cost segregation studies serve as a tax planning method that enables property owners to expedite depreciation deductions, leading to decreased taxable income and ultimately, lower taxes. In this article,
- [Inventory Management Tools (ERP)](https://sassetti.com/inventory-management-tools-erp/) - In the dynamic landscape of modern business, efficient inventory management is paramount to success. With the rise of global markets and customer expectations, businesses are recognizing the importance of accurate tracking, efficient supply chain management, and optimal resource allocation. This is where Inventory Management Tools, particularly Enterprise Resource Planning (ERP) systems, play a pivotal role.
- [IRS Identity Theft Procedures - Responding to Letter 6042C](https://sassetti.com/irs-identity-theft-procedures-responding-to-letter-6042c/) - One of the tools the IRS uses in its efforts to prevent tax-related identity theft and to confirm that a valid corporate, trust or estate return has been filed is to send a taxpayer (and the responsible party) a Letter 6042C. Taxpayers are required to answer all the questions in the letter and submit the
- [Endowment Woes! Navigating The Nuances With Endowments](https://sassetti.com/endowment-woes-navigating-the-nuances-with-endowments/) - An endowment is a pool of funds donated or set aside to be preserved over time in order to support an organization’s mission. Nonprofits establish endowments for a variety of reasons, usually as part of their long-term strategic plan. Donors may contribute assets, such as cash and securities, and make pledges for future contributions to
- [Is that a Lease? A Focus on Nonprofit Lease Considerations under ASC Topic 842](https://sassetti.com/is-that-a-lease-a-focus-on-nonprofit-lease-considerations-under-asc-topic-842/) - While Accounting Standards Codification (ASC) Topic 842 is applicable to all entities, the adoption of the new leasing standard by nonprofit organizations is bringing into focus some unique considerations that may impact the conclusion of whether a contract actually contains a lease. What is a Lease? To set the stage for some of the nonprofit-specific
- [Mergers and Acquisitions - Exit Planning](https://sassetti.com/mergers-and-acquisitions-exit-planning/) - By Jim Robbs I'm Jim Robbs and I am one of the partners here at Sassetti LLC. I spent about 18 years at a larger mid-sized public accounting firm where I was involved in a variety of acquisitions and divestitures of companies. I then became the CFO of a larger, publicly held circuit board manufacturer
- [Engaging Donors At Every Level](https://sassetti.com/engaging-donors-at-every-level/) - By Adam Cole and Andrea Espinola Wilson Nonprofit organizations have been navigating change in almost every aspect of their operations over the past two years, including shifting priorities, a new employment landscape, and changes in fundraising and hosting programs and events. As organizations continue to reimagine what their futures will look like, donor engagement strategies
- [Salary Increase Budgets Jump for Nonprofits](https://sassetti.com/salary-increase-budgets-jump-for-nonprofits/) - By Judy Canavan & Mike Conover In the face of the “Great Resignation” and rising inflation, organizations are taking a second look at the size of their salary increase budgets. For the last decade, budgets for merit increases have hovered around 3%. Now, salary increase budgets are on the rise to levels not seen in
- [Secure 2.0 Act of 2022 Introduces Key Changes for Workplace Retirement Plans](https://sassetti.com/secure-2-0-act-of-2022-introduces-key-changes-for-workplace-retirement-plans/) - The Consolidated Appropriations Act, 2023 (Public Law No. 117-328) that was signed into law on December 29, 2022 by President Joe Biden includes the SECURE 2.0 Act of 2022, which introduces over 90 changes to the federal rules governing workplace retirement plans. This landmark legislation builds on the original SECURE Act that was enacted on
- [Inflation Reduction Act of 2022 Signed Into Law](https://sassetti.com/inflation-reduction-act-of-2022/) - President Biden signed the Inflation Reduction Act into law at a White House ceremony on August 16, finalizing a legislation intended to address inflation by paying down the national debt, lower consumer energy costs, provide incentives for the production of clean energy, and reduce healthcare costs. The bill moved through the legislative process in near-record
- [2023: The Year AI Takes Over – Get Ready for a Future Transformed by Artificial Intelligence](https://sassetti.com/2023-the-year-ai-takes-over-get-ready-for-a-future-transformed-by-artificial-intelligence/) - Artificial Intelligence has hit what we like to call peak media and we expect headlines to be flooded with AI “firsts” throughout 2023. From the first AI-powered ‘robot’ lawyer scheduled to represent a defendant in traffic court—a plan which had to be scrapped after legal threats—to even the “World’s first AI news anchor unveiled in
- [Successful Businesses…](https://sassetti.com/successful-businesses/) - ..have one thing in common-motivated and productive employees. A company’s employees are one of its most valuable assets, no matter what the size of the company. Regardless of status within the company, all employees have psychological needs related to competence, relevance and some level of autonomy. Managing and motivating them is one of the most
- [A (Working) Mom](https://sassetti.com/a-working-mom/) - Two kids later, I’ve come to the conclusion that the phrase “working mom” might be the most redundant and over-used saying. Every mom works. All the time. We’re referees, chauffeurs, chefs, maids, nurses (usually in the same night). Some moms (like me) just have to split time between a full-time CPA and a full-time mom.
- [December Wrap Up](https://sassetti.com/december-wrap-up/) - The month of December is always a busy and full time for shopping, cooking, enjoying holiday parties and events, and getting the house ready for the winter. It is also the time of year when savvy taxpayers get their “tax house” in order. Did you have a better than expected year financially? If so, you
- [Get Ready – The Tax Man Is Coming](https://sassetti.com/get-ready-the-tax-man-is-coming/) - The holidays are over; the holiday decorations should come down for another year, my New Year resolutions have yet to be broken and the shopping season credit card will be in the mail any day now. And of course, before the holiday break, I read last month’s “The Sassetti Scoop” blog and applied all the
- [Protecting Americans from Tax Hikes Act of 2015](https://sassetti.com/protecting-americans-from-tax-hikes-act-of-2015/) - The recently enacted “Protecting Americans from Tax Hikes Act of 2015” extended and expanded many important tax provisions for both businesses and individuals. The following is a brief overview of the more than 50 individual and business tax deductions, tax credits, and other tax-saving laws that have been extended, some made permanent. Sec 179 limit
- [Happy President’s Day](https://sassetti.com/happy-presidents-day/) - With the highly publicized upcoming Presidential debates, primaries, and caucusesoccurring this month as well as the nation celebrating Presidents Day honoring both Presidents Washington and Lincoln, let us reflect on some historic Presidential tax facts. President Lincoln signed into law a measure to help pay for the Civil War. This measure created a Commissioner of Internal
- [A Flat Tax?](https://sassetti.com/a-flat-tax/) - It seems that anything preceded by the word “flat” is not a good thing: flat tire, flat line, flat beer, or flat tax. Many people think my aversion to a flat tax is based solely on the fact that the implementation of a flat tax system would significantly impact my role as a tax preparer, but
- [The Threat Is Real... Identity Theft](https://sassetti.com/the-threat-is-real-identity-theft/) - On May 26, 2015, the IRS admitted that the information of more than 100,000 taxpayers was compromised by hackers using their 'Get Transcript' application. In 2016, the IRS revised that number up to 700,000 taxpayers. Data breaches of JP Morgan Chase, eBay, Home Depot, and Target have made headlines over the past few years. Millions
- [Getting Untwisted](https://sassetti.com/getting-untwisted/) - I am one of the lucky ones who can walk to work. I see some amazing and interesting things on the way. Some get me irritated. For example, one of the most irritating is when someone flies an American flag and allows the wind to wrap it around its pole. In my opinion, an American
- [Thoughts on Organizational Excellence](https://sassetti.com/thoughts-on-organizational-excellence/) - Another tax season is behind us now and the color green has returned to the Chicago area. It is this great transformation of nature that makes so many of us love living in the Midwest. The baseball organization that is headquartered at Wrigley Field has also gone through a transformation; one that would have seemed
- [Change Happens... and adaptability is its key.](https://sassetti.com/change-happens/) - My grandma recently passed away. As our family stood gathered at her funeral, someone mentioned that she was part of what they viewed as the “greatest generation”; a generation that lived through an incredible amount of change. She was born in 1925, the youngest of 5 kids. Her father died when she was 3 years
- [Fall Season is Tax Time](https://sassetti.com/fall-season-is-tax-time/) - When most people think about "tax time", their first thought would be the weeks preceding the April 15th tax filing deadline. This is, of course, the time when most (not all) taxpayers comply with the annual requirement to file tax returns with the federal and state governments. It is also the time in which we
- [What Do You Value? The Knowledge We Have, or the Knowledge We Share?](https://sassetti.com/what-do-you-value/) - The New Year is now in full swing. Looking back on the past twelve months, I think about what I have accomplished, and what I wanted to accomplish but “haven’t had the time for.” Each year feels shorter than the last. I realize that some of the best advice I have received is to “slow
- [Make It Personal](https://sassetti.com/make-it-personal/) - Technology has forever changed the way we communicate – and will likely do so many times over in our lifetimes. While it has made most facets of communication easier, a challenge remains: maintaining the value of person-to-person interaction. In my earlier days as a professional, communication seemed easy; if I needed a document from the
- [Tax Season means Scam Season – Taxpayers Beware](https://sassetti.com/tax-season-means-scam-season/) - It is the middle of February and your friend gives you a phone call. She explains how a nice man from the Internal Revenue Service (IRS) gave her a call last week and helped her dodge a potential fine. Your heart begins to sink as she tells you that she mailed the man a $250
- [Some Gave All](https://sassetti.com/some-gave-all/) - “ALL GAVE SOME, SOME GAVE ALL” This quote was first uttered by Howard William Osterkamp. Howard was a Korean War Veteran and Purple Heart recipient who continued to fight for his country even after his leg was broken. He was acknowledging the fortuitous fact that he made it out of Korea with his life; whereas,
- [Does Your Business Have the Right Controls in Place?](https://sassetti.com/does-your-business-have-the-right-controls-in-place/) - Most business owners would agree there are few things more important for a business than keeping its finances in order. While owners juggle multiple responsibilities in running a business, it’s ultimately really all about the bottom line, isn’t it? Maintaining a profit is vital to your business, and management of your books is essential to
- [WE LOVE YOU, WE LOVE YOU <strike>NOT</strike>](https://sassetti.com/we-love-you-we-love-you-not/) - EMBRACING THE MILLENIALS I was recently at a conference and was totally surprised when the topic of our beloved Millennials and their personal habits were discussed at every break out session. I expected it at the HR break out session. And yes, I now know that they crave constant feedback and I promise to tweet
- [How to Avoid the Tax Deadline Chaos by Creating an Organized System NOW](https://sassetti.com/avoid-the-tax-deadline-chaos/) - It is late March (or even early April for some…) and you are frantically trying to gather your tax documents for your accountant but you can’t find anything… Does this sound familiar? We have all been there at some point, even I, a tax professional. It is important to build an organized system that works
- [Do You Have A Business Or A Hobby?](https://sassetti.com/do-you-have-a-business-or-a-hobby/) - Every now and then, as a CPA, you run into a person who tells you they want to start a business in order to sell say…old collectibles, creative photos they’ve taken, or their DIY crafts. While sometimes these endeavors can turn into a viable business, in some cases, these individuals are really expressing a greater
- [HSA's for Retirement ???](https://sassetti.com/hsas-for-retirement/) - While many people have heard of Health Savings Accounts (HSA’s) there are many who are eligible and yet have not set up an HSA. In the last few years, more and more people have become eligible for an HSA, as employers strive to shift the cost of health insurance to employees. To be eligible, you
- [The Giving Season Is Right Around The Corner](https://sassetti.com/the-giving-season/) - Fall has always been one of my favorite times of year. The smells, the leaves, and a full docket of sports including football, hockey, basketball and baseball playoffs. It is also busy season for those of us who work with not-for-profit organizations. Most people probably assume that accountants will always be the busiest in the
- [Pick A Hat](https://sassetti.com/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
- [Are You Ready? It's Here.](https://sassetti.com/are-you-ready-its-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
- [To Give or Not to Give](https://sassetti.com/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
- [To Give or Not to Give, Part 2](https://sassetti.com/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
- [What Taxpayers Can Expect from the IRS as the Government Shutdown Continues](https://sassetti.com/what-taxpayers-can-expect-from-the-irs-as-the-government-shutdown-continues/) - Due to the lapse in appropriations that began midnight December 22, 2018, the federal government is in its fifth week of a partial shutdown, which includes much of the Internal Revenue Service (IRS). Indeed, although the IRS is working with a skeleton staff of excepted employees, most employees are not working during the shutdown. While
- [Sassetti Announces the Promotions of Shawn Carter, Korina Carrillo, and Johnathan Bollas](https://sassetti.com/sassetti-announces-the-promotions-of-shawn-carter-korina-carrillo-and-johnathan-bollas/) - Sassetti announces the promotions of Shawn Carter to Senior Manager, Korina Carrillo to Manager, and Johnathan Bollas to Senior. Each brings with them a unique skill set, and the firm is excited to enter a new chapter with these gifted individuals.
- [You've Got Mail: Responding to an IRS CP2000 Notice](https://sassetti.com/youve-got-mail-responding-to-an-irs-cp2000-notice/) - Let’s face it, most individuals panic when a letter from the IRS arrives in the mail. Take a deep breathe, splash your face with cold water, and be prepared to respond within 30 days.
- [Substantiation of Business Income and Expenses - Items of Note](https://sassetti.com/substantiation-of-business-income-and-expenses-items-of-note/) - Businesses of all sizes are experiencing increasing scrutiny by taxing authorities, at the federal, state and local levels. Fees and penalties are increasing at alarming rates, making the stakes higher and more costly than ever for issues of noncompliance. The end of the year is a good time to take stock of your business practices
- [Small Business Relief Opportunities](https://sassetti.com/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
- [Charitable Giving Under the CARES ACT](https://sassetti.com/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
- [Businesses Should Prepare Now to Issue New IRS Form 1099-NEC](https://sassetti.com/businesses-should-prepare-now-to-issue-new-irs-form-1099-nec/) - Businesses that would typically provide a Form 1099-MISC to independent contractors (and certain others) and the IRS need to be aware of new IRS Form 1099-NEC. For non-employee compensation paid during 2020, payers must provide Form 1099-NEC (instead of Form 1099-MISC) to the recipients and to the IRS no later than January 31, 2021. In addition,
- [Succession Planning: Preserving, Protecting, and Passing on Wealth](https://sassetti.com/succession-planning-preserving-protecting-and-passing-on-wealth/) - Transitioning Ownership The decisions made regarding ownership of the family office or closely held business may not necessarily be the same decisions that are required for leadership and management. It’s critical to understand and acknowledge the different elements that proper succession planning entails.The family wealth enterprise has three interconnected circles of participation—the family members, the
- [President Signs New Stimulus Bill December 27, 2020](https://sassetti.com/president-signs-new-stimulus-bill-december-27-2020/) - The U.S. House of Representatives and U.S. Senate passed the Consolidated Appropriations Act, 2021 (bill), a massive tax, funding, and spending bill that contains a nearly $900 billion coronavirus aid package. The emergency coronavirus relief package aims to bolster the economy, provide relief to small businesses and the unemployed, deliver checks to individuals and provide
- [Sassetti Turns 100 and Promotes First Female Managing Partner](https://sassetti.com/sassetti-turns-100-and-promotes-first-female-managing-partner/) - Sassetti LLC celebrates 100 years of exceptional accounting, auditing, tax and advisory services. Started by Frank L. Sassetti in Chicago in 1921, the firm has grown to seven partners and two offices in the western suburbs of Chicago. We are grateful for our loyal clients and dedicated employees who have helped us to reach this
- [SBA Issues Guidance on Additional PPP Funds](https://sassetti.com/sba-issues-guidance-on-additional-ppp-funds/) - Most lenders have their portals open to accept PPP loan applications as of today. Please see additional information and guidance below regarding the new round of funding that is now available to any small business or not-for-profit that has experienced a 25% decrease in revenue during the last year. The Economic Aid to Hard-Hit Small
- [CARES Act Relief FAQS for Plan Sponsors and Employees](https://sassetti.com/cares-act-relief-faqs-for-plan-sponsors-and-employees/) - The Coronavirus Aid, Relief and Economic Security (CARES) Act was a rapid response by the federal government to help businesses and employees cope with the economic issues caused by the pandemic. Many aspects of the wide-range law make significant changes affecting employer-sponsored retirement plans and their participants. Since Congress passed the CARES Act in March
- [American Rescue Plan Act of 2021](https://sassetti.com/american-rescue-plan-act-of-2021/) - On March 10, 2021, the U.S. House of Representatives passed a modified version of the American Rescue Plan Act of 2021 (ARP bill), President Biden’s $1.9 trillion COVID-19 relief package aimed at stabilizing the economy, providing needed relief to individuals and small businesses, and improving and accelerating the administration of coronavirus vaccines and testing. The House was
- [Details Emerge on Biden Administration Tax Blueprint](https://sassetti.com/biden-tax-blueprint/) - A detailed look at the Biden administration’s proposed tax measures.
- [Potential Tax Savings if Rates Increase](https://sassetti.com/potential-tax-savings-if-rates-increase/) - The Treasury Department’s Green Book outlines proposals supported by the Biden Administration that would increase federal tax rates for corporations and high-income individuals, generally effective for taxable years beginning after December 31, 2021. Under these proposals: The corporate tax rate would increase from 21% to 28%; The effective tax rate on global intangible low-taxed income
- [Proposed Changes to the Self-Employment Tax Exemption](https://sassetti.com/proposed-changes-to-the-self-employment-tax-exemption/) - The recently published Green Book contains details on changes proposed by the Biden Administration that aim to rationalize the net investment income tax (NIIT) and the self-employment tax imposed under the Self-Employment Contributions Act. Broadly, these proposals would: Ensure that all trade or business income earned by high-income taxpayers (taxpayers with adjusted gross income in excess of
- [Illinois Tax Changes: Fiscal 2022 Budget Legislation](https://sassetti.com/illinois-tax-changes-fiscal-2022-budget-legislation/) - As part of its fiscal year 2022 budget (FY 2022 Budget Implementation Act), Illinois enacted legislation (S.B. 2017) containing numerous tax law changes. The budget bill was signed by the governor on June 17, 2021. The legislation impacts both corporate and personal income taxes, as well as various income tax credit provisions, and it eliminates
- [Estate Planning Options in an Uncertain Time](https://sassetti.com/estate-planning-options-in-an-uncertain-time/) - Currently, U.S. citizens and non-U.S. citizens domiciled in the U.S. are entitled to an $11.7 million gift and estate tax exemption and are subject to a maximum marginal gift and estate tax rate of 40%. And while the gift and estate tax exemption is scheduled to drop to approximately one-half the current amount on January
- [Employee Retention Credit (ERC) - Additional Guidance Released](https://sassetti.com/employee-retention-credit-erc-additional-guidance-released/) - On August 4, 2021, the IRS issued Notice 2021-49, which provides long overdue guidance for employers that have taken or are considering taking the employee retention credit (ERC) as initially made available under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and modified and extended under the American Rescue Plan Act of 2021
- [Illinois Enacts Bill Allowing for PTE Tax Elections](https://sassetti.com/illinois-enacts-bill-allowing-for-pte-tax-elections/) - Illinois on August 27, 2021 enacted S.B. 2531, which will allow pass-through entities (PTEs) to elect to be taxed at the entity level, in an effort to help individual residents mitigate the impacts of the federal $10,000 cap on state and local tax (SALT) deductions. Illinois joins 17 other states in enacting similar entity-level tax
- [Should You Change Your Accounting Method for 2021?](https://sassetti.com/should-you-change-your-accounting-method-for-2021/) - As Congress grapples with tax proposals and the pandemic continues to create uncertainty for businesses, corporations and pass-through entities can leverage tax accounting methods to effectively improve their federal income tax posture and, in turn, enhance cash tax savings. When assessing their tax situations for 2021 and subsequent years, taxpayers should consider whether they can
- [Blockchain in Privacy for Nonprofits](https://sassetti.com/blockchain-in-privacy-for-nonprofits/) - By Karen A. Schuler, CIPM, CIPP/E, CIPP/US, FIP, CDPSE, CFE, and Taryn Crane, PMP, FIP, CIPM, CIPP/E, CIPP/US Nonprofit organizations, including many charities, harness blockchain technology to improve sustainability, reduce cost and protect donor information. The most frequently asked questions about blockchain for nonprofits include: what is it, how does it work and why is
- [OMB Issues the 2021 Compliance Supplement](https://sassetti.com/omb-issues-the-2021-compliance-supplement/) - By Tammy Ricciardella, CPA On Aug. 12, 2021, the Office of Management and Budget (OMB) issued the 2021 Compliance Supplement (Supplement). The Supplement is effective for audits of fiscal years beginning after June 30, 2020. The Supplement can be accessed on the OMB website. The Supplement is issued annually to assist auditors by providing a
- [5 Considerations for the Nonprofit Sector](https://sassetti.com/5-considerations-for-the-nonprofit-sector/) - By Divya Gadre, CPA Since navigating the headwinds of the past year, nonprofit organizations have reimagined their operations to maintain relationships with donors, volunteers and the communities they serve while discovering new means to protect mission funding. Even so, the impacts of the pandemic and calls to further social justice work won’t subside overnight, leaving
- [Breaking Down Barriers—and Silos: Addressing Leadership Challenges in a Remote Environment](https://sassetti.com/breaking-down-barriers-and-silos-addressing-leadership-challenges-in-a-remote-environment/) - By Barbara Finke, CPA Are you tired of the “new normal,” logging into yet another virtual meeting and hoping your internet will hold out for your key presentation? Or do you love being remote so much that you’ve thrown out all your business pants and shoes, replacing them with loungewear and comfy socks? Either way,
- [Accounting for Shuttered Venue Operators Grants](https://sassetti.com/accounting-for-shuttered-venue-operators-grants/) - By Tammy Ricciardella, CPA Background On Dec. 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the Act) became law as a part of the Consolidated Appropriations Act, 2021 (CAA). The American Rescue Plan Act also provides $16 billion in grants to shuttered venues, to be administered directly by the Small
- [New Illinois Unclaimed Property Program](https://sassetti.com/new-illinois-unclaimed-property-program/) - The state of Illinois began a new unclaimed property enforcement program around July 1, 2021, to identify noncompliant companies that are incorporated, have locations or carry business permits in the state. Companies that have failed to file unclaimed property reports regularly or have filed incomplete reports with the state may be contacted by the Illinois Treasurer’s
- [House Ways and Means Committee Releases Initial Tax Proposals](https://sassetti.com/house-ways-and-means-committee-releases-initial-tax-proposals/) - On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes a series of tax increases and tax cuts, which will undergo a round of markups by the committee. Most tax proposals were anticipated; however, the House provided a few surprises. Income Tax Provisions Section 1202 – Qualified Small Business Stock
- [Complying with Year-End Reporting Requirements for Qualified Sick and Family Leave Wages Paid in 2021](https://sassetti.com/complying-with-year-end-reporting-requirements-for-qualified-sick-and-family-leave-wages-paid-in-2021/) - The IRS has issued guidance to employers on year-end reporting for sick and family leave wages that were paid in 2021 to eligible employees under recent federal legislation. IRS Notice 2021-53, issued on September 7, 2021, provides that employers must report “qualified leave wages” either on a 2021 Form W-2 or on a separate statement,
- [Confused About Crypto? Tax Considerations for Investing in Cryptocurrency](https://sassetti.com/confused-about-crypto-tax-considerations-for-investing-in-cryptocurrency/) - The prevalence of cryptocurrency—or what the Internal Revenue Service (IRS) refers to as “virtual currency”— in investing and financial transactions has increased significantly in recent years. While the IRS and other government agencies have been clear about their focus on the future oversight of these transactions, taxpayers continue to lack clear guidance in evolving areas of the
- [Unlocking Liquidity: Selling Your Business to an ESOP](https://sassetti.com/unlocking-liquidity-selling-your-business-to-an-esop/) - An employee stock ownership plan – better known as an ESOP - can be an attractive and tax efficient alternative for owners of private companies that are seeking liquidity but do not want to sell to a third-party buyer. An ESOP is a qualified retirement plan that provides the business’ current and future employees beneficial
- [Five Common Elements of Successful Giving Tuesday Campaigns](https://sassetti.com/five-common-elements-of-successful-giving-tuesday-campaigns/) - By Andrea Espinola Wilson, Adam B. Cole At the height of COVID-19, nonprofit organizations were on the front lines, helping communities that needed it most and continuing the mission-critical work we all depend on. On last year’s Giving Tuesday, donors supported those efforts in droves, setting a record-breaking $2.47 billion mark in U.S. donations — a nearly 30%
- [House Releases Rewrite of Build Back Better Tax Proposals](https://sassetti.com/house-releases-rewrite-of-build-back-better-tax-proposals/) - A version of H.R. 5376 (the Build Back Better Act), released on October 28, 2021 by the House Budget Committee, eliminates many of the previously proposed tax increases that would have impacted individuals. The tax proposals eliminated in the rewrite include: Increase in the top marginal individual income tax rate; Increase in the capital gains rate for certain
- [End of the Year Tax Tips for Individuals](https://sassetti.com/end-of-the-year-tax-tips-for-individuals/) - By Alicia Young As 2021 comes to a close, there are steps you can take now to minimize the amount you may owe with your 2021 tax return. There are also planning opportunities to minimize future tax liabilities. Below are some actions to consider. If you have any questions or would like to discuss further,
- [Update on the Illinois Pass-Through Entity Tax](https://sassetti.com/update-on-the-illinois-pass-through-entity-tax/) - By Susan Penno & Thomas Kross On October 1st we sent a communication to our clients advising that Illinois enacted a bill allowing for a pass-through entity to elect to be taxed at the entity level, in an effort to help individual residents mitigate the impact of the federal $10,000 cap on state and local
- [Sassetti Promotes Izabela Poludniak to Partner](https://sassetti.com/sassetti-promotes-izabela-poludniak-to-partner/) - With great enthusiasm, the Sassetti Partners want to announce the admission of Izabela Poludniak to partnership. Over her fourteen years with Sassetti, she has helped us grow strategically through her dedication to client service, technical know-how, leadership and staff development. She is a wonderful asset to the Sassetti team and we are excited for her to
- [Top Considerations for the Nonprofit Sector (Part 2)](https://sassetti.com/top-considerations-for-the-nonprofit-sector-part-2/) - By Divya Gadre, CPA Many nonprofits are dealing with the uncertainty of the ongoing pandemic as well as increased demand for their services. It’s a delicate balancing act, but with proper systems and support, nonprofits are up for the challenge. The first article of this two-part series covered how the sector has benefited from COVID-19
- [Nonprofit Items to Note - Winter 2022](https://sassetti.com/nonprofit-items-to-note-winter-2022/) - FASB Issues ASU 2021-09, Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities On Nov. 11, 2021, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2021‑09 entitled, “Leases (Topic 842): Discount Rate for Lessees That Are Not Public Business Entities.” This ASU covers all lessees who are not
- [Tax Exempt & Government Entities Division Releases 2022 Program Letter](https://sassetti.com/tax-exempt-government-entities-division-releases-2022-program-letter/) - By Jake Cook, CPA The IRS Tax Exempt and Government Entities division released its fiscal year 2022 Program Letter on October 7, 2021, summarizing its plans for the upcoming year. The Program Letter addresses the division’s projects and priorities for fiscal year 2022 for tax-exempt organizations, employee benefit plans, Indian tribal government and tax-exempt bonds.
- [Triaging Data Breaches](https://sassetti.com/triaging-data-breaches/) - By Mark Antalik In Part One of this two-part data breach triage series, we discussed identifying, understanding and communicating during a breach situation and how breaches should be managed. In this article, we will elaborate on perpetuation through digital forensics, as well as outline approaches to notification and identity monitoring. As discussed in Part One
- [How to Handle Abandoned 401(K) Accounts Amid the Great Resignation](https://sassetti.com/how-to-handle-abandoned-401k-accounts-amid-the-great-resignation/) - The trend of U.S. workers leaving their jobs and employers struggling with high levels of employee turnover continues to gain momentum. Another 4.5 million U.S. workers quit their jobs in November alone, according to data from the U.S. Bureau of Labor Statistics. Meanwhile, the number of job openings in the United States remains elevated at
- [Nonprofit Items to Note - Spring 2022](https://sassetti.com/nonprofit-items-to-note-spring-2022/) - Office of Management and Budget (OMB) Issues Addenda to 2021 Compliance Supplement OMB issued a Federal Register notice announcing the issuance of Addendum #1 to the 2021 Compliance Supplement (Supplement) on Dec. 3, 2021. Addendum #1 includes the following two programs: (1) the Coronavirus State and Local Fiscal Recovery Fund (CSLFRF), and (2) an update
- [IRS Tax-Exempt And Government Entities Division Releases Fiscal Year 2021 Accomplishments Letter](https://sassetti.com/irs-tax-exempt-and-government-entities-division-releases-fiscal-year-2021-accomplishments-letter/) - By: Marc Berger, CPA, JD, LLM The IRS Tax-Exempt and Government Entities (TE/GE) Division released its “Fiscal Year 2021 Accomplishments Letter” on Jan. 6, 2022. The letter contains information about the TE/GE’s contributions to the tax administration process and describes the division’s accomplishments during the recently completed year. In fiscal year 2021, TE/GE continued to
- [Are Your Activities Accurately Depicted in Your Functional Expense Analysis?](https://sassetti.com/are-your-activities-accurately-depicted-in-your-functional-expense-analysis/) - By: Amy Guerra, CPA The financial statement presentation for not-for-profit entities (NFP) experienced an overhaul with Accounting Standards Update (ASU) 2016-14, “Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities.” Prior to the ASU, only voluntary health and welfare organizations had a requirement to include the statement of functional expenses as part of
- [How Universities Can Navigate Declining Student Enrollment and Retention](https://sassetti.com/how-universities-can-navigate-declining-student-enrollment-and-retention/) - By: David Clark, CIA, CFE, CRMA and LaShaun King, CPA Like many organizations, colleges’ and universities’ worlds were flipped upside down when COVID-19 emerged in the spring of 2020. To maintain their mission of reshaping the future through educating future generations, colleges and universities had to reimagine their own operations and adapt to a digital
- [Sassetti LLC is one of Chicago's Best and Brightest Companies to Work For](https://sassetti.com/sassetti-llc-is-one-of-chicagos-best-and-brightest-companies-to-work-for/) - We are pleased to announce that Sassetti LLC has been selected as one of the 2022 award winners of Chicago's Best and Brightest Companies to Work For®. The award review process was organized by the National Association for Business Resources (NABR). Sassetti was evaluated on criteria such as Employee Engagement and Retention, Work-Life Balance, Education
- [OMB Issues 2022 Compliance Supplement](https://sassetti.com/omb-issues-2022-compliance-supplement/) - By Tammy Ricciardella On May 12, 2022, the Office of Management and Budget (OMB) issued the 2022 Compliance Supplement (Supplement). The Supplement is effective for fiscal years beginning after June 30, 2021 and can be accessed on the OMB website. The Supplement is issued to assist auditors by providing a source of information related to various
- [Nonprofit Items to Note - Summer 2022](https://sassetti.com/nonprofit-items-to-note-summer-2022/) - For-Profit SVOG Recipients In February 2022, the Small Business Administration (SBA) issued updated Post-Application Guidance for Shuttered Venue Operators Grant (SVOG) applicants, as well as Post-Award Frequently Asked Questions (FAQs). The SBA also issued a new set of Post-Award FAQs, which contain answers to many common compliance-related questions for the program. The Post-Application Guidance, among
- [Executive Compensation Excise Tax](https://sassetti.com/executive-compensation-excise-tax/) - By Norma Sharara & Mike Conover InsightAs a result of the final regulations, some employers may be able to request refunds for overpaid taxes in past years using the relief provided. The publication of final regulations limits interpretive flexibility. Therefore beginning in 2022, increased consideration should be given to these requirements as the IRS began
- [When to Hire an Accounting Firm](https://sassetti.com/when_to_hire_an_accounting_firm/) - By Jessica Freiburg, Managing Partner Today, we're going to talk about when a not-for-profit organization should hire an accountant. First of all, I want to say that it's great that you've created a not-for-profit organization. Whether you're helping animals, feeding the hungry, or working with a medical cause, you will be benefiting so many individuals
- [Creating a Legacy](https://sassetti.com/creating-a-legacy/) - By Jeff Schroeder, Partner In recent years, I've been focused on two main areas of practice: privately owned businesses and not-for-profit organizations. It's at the intersection of these two topics that we come to the topic of today: creating a legacy. What do we mean when we talk about legacy? Often the word is defined
- [Nonprofit Items to Note - Fall 2022](https://sassetti.com/nonprofit-items-to-note-fall-2022/) - Shuttered Venue Operators Grant (SVOG) Updates The Small Business Administration (SBA) has updated the SVOG Post-Application Guidance and the Post-Award Frequently Asked Questions. These documents apply to both non-federal entity recipients (these include nonprofit entities, state and local governments and Native American tribes, and institutions of higher education) and for-profit recipients. Included in the updates made by SBA
- [Implications and Impacts of NSPM-33 On Research Institutions](https://sassetti.com/implications-and-impacts-of-nspm-33-on-research-institutions/) - By David Clark and Jackie Bernal On Jan. 14, 2021, just one week before the end of his term in office, former President Trump signed National Security Presidential Memorandum 33 (NSPM-33) to “direct actions to strengthen protections of the United States Government-supported Research & Development (R&D) against foreign government interference and exploitation.” NSPM-33 was formally
- [How Technology & Culture Support Sustainability](https://sassetti.com/how-technology-culture-support-sustainability/) - By Matthew Becker and Cathryn McAleavey Embracing technology, outsourcing key operations to specialists and improving organizational culture can all be a part of a nonprofit’s plan for sustainability. While it’s important to make plans, recent years have demonstrated how easily even the best-laid plans can go awry. The following four key steps can provide direction.
- [Implementing FASB ASU on Contributed Nonfinancial Assets](https://sassetti.com/implementing-fasb-asu-on-contributed-nonfinancial-assets/) - By Matt Cromwell In September 2020, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2020-07 Not-For-Profit Entities (Topic 958): Presentation and Disclosures by Not-For-Profit Entities for Contributed Nonfinancial Assets. The intent of ASU 2020-07 is to provide enhanced transparency related to the presentation and disclosure of contributed nonfinancial assets. These enhancements will allow
- [“Is There Something I Can Read That Describes Our Compensation Program?”](https://sassetti.com/is-there-something-i-can-read-that-describes-our-compensation-program/) - By Mike Conover "Is there something I can read that describes our compensation program?" Numerous organizations invite new individuals to get involved in the administration of their executive compensation program or hire new executives with a desire to know more about the program. This question is asked many times and often the answer is no.Every year,
- [Cybersecurity Best Practices for Your Organization](https://sassetti.com/cybersecurity-best-practices-for-your-organization/) - By Matt Cromwell, Sam Thompson, David Clark, Jackie Bernal, Matthew Becker and Cathryn McAleavey According to a study by N-able, managed service providers (MSPs) report that 82% of their customers have seen an increase in attempted cyberattacks since the pandemic. Even MSPs themselves are a target for cyber criminals, which can have wide-reaching impacts on their
- [U.S. Department Of The Treasury Issues Final Rule For Coronavirus State And Local Fiscal Recovery Funds](https://sassetti.com/u-s-department-of-the-treasury-issues-final-rule-for-coronavirus-state-and-local-fiscal-recovery-funds/) - By: Stacey Powell, CPA, CFE, CICA The U.S. Department of the Treasury (Treasury) released the Final Rule for Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) on Jan. 6, 2022. The Final Rule provides broader flexibility and greater simplicity in the program and is effective April 1, 2022. Until that time, the Interim Final Rule
- [Corporate Volunteering Trends and How Nonprofits Can Tap Into Them](https://sassetti.com/corporate-volunteering-trends-and-how-nonprofits-can-tap-into-them/) - By Adam Cole, CPA, and Andrea Espinola Wilson Amid the early stages of the COVID-19 pandemic, many nonprofits saw an increase in goodwill as individuals and organizations were inspired to give back in a time of crisis. Now, nonprofit leaders are looking to understand how they can maintain that goodwill — and many are turning

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- [Nonprofit](https://sassetti.com/industries/non-profit/) - Our Nonprofit Assessment At Sassetti, our goal is to help nonprofit organizations make progress toward achieving their mission while keeping costs reasonable and minimizing risk. We understand that accurate and timely financial record-keeping can be a burden, which is why we take on that responsibility for you. Whether we serve as your auditor, handle your
- [Mergers & Acquisitions](https://sassetti.com/services/consulting-services/mergers-acquisitions/) - Mergers & Acquisitions A successful transition starts with Sassetti. Our consulting in mergers & acquisitions aims to achieve sustainable profitability and growth for our customers through effective and strategic portfolio administration. Our team applies a niche-specific approach to your organizational needs. The Importance of Due Diligence in Investments Before committing to a deal or investment,
- [Financial Statement Assurance Services](https://sassetti.com/services/assurance-services-1/financial-statement-assurance-services/) - Financial Statement Assurance Services We view every engagement as an opportunity to add value. Make every second spent on improving performance worth it. An accounting partner that enables you to reap the rewards of your efforts is key to a great organization. Assurance Services Tailored to Your Needs Our assurance services provide an independent and
- [Estates & Trusts](https://sassetti.com/services/tax-services/estates-trusts/) - What are Estates and Trusts? An estate is the total sum of an individual's assets, including property, investments, and personal belongings. When a person passes away, their estate is distributed to their heirs according to their will or state laws. A trust, on the other hand, is a legal arrangement where a trustee holds and
- [Sassetti U Apply Now 2024](https://sassetti.com/career/sassetti-u-apply-now-2024/) - University2024 Register for 2025 Today! On May 16th, 2025, Sassetti U returns. Use the link below to register: Sassetti University 2025 Registration Gain In-Depth Insight Discover the inner workings of Sassetti's esteemed departments, including Tax, Audit, and CAAS. Immerse yourself in the core functions of each area and develop a comprehensive understanding of the roles
- [State Of Economy and Regulatory Update Webinar](https://sassetti.com/state-of-economy-and-regulatory-update-webinar/) - Exclusive Webinar Hosted by Sassetti & Avantax Join us for an insightful webinar on February 26th at 2:00 PM CST, where Austin Schaul, Principal – Head of Research at Avantax, will provide a research-driven update on the current economic landscape and Sassetti's Tax Department gives an overview of potential tax regulatory changes in 2025. You
- [Tax Services](https://sassetti.com/services/tax-services/) - Tax Services Our Approach: Meet these obligations with intention, knowledge, and a customized approach. Our Tax Services Individual Tax Planning & Prep Taxes are inevitable, but are you planning for your future liability? We help clients create strategic tax plans to protect and grow wealth. learn more Estates & Trusts Our seasoned professionals advise you
- [Individual Tax Planning & Compliance Services](https://sassetti.com/services/tax-services/individual-tax-planning-compliance-services/) - Individual Tax Planning & Compliance Services Taxes are unavoidable, but are you proactively planning for your current and future tax liability? We work with our clients to develop a strategic tax plan specifically designed to maintain and grow their net worth. Our Tax Services Federal and State Tax Preparation Specializing in multi-state and foreign disclosure
- [Wealth Management](https://sassetti.com/sassetti-avantax-wealth-management/) - A Tax-Intelligent Approach to Wealth Management Each of our clients has unique goals when it comes to financial planning. That’s why Sassetti has partnered with Avantax Planning PartnersSM to offer a comprehensive approach to wealth management and financial planning called Guidance Planning Strategies (GPS). This partnership allows us to create a long-term plan, look at
- [Marketing Contact Page](https://sassetti.com/marketing-contact-page/) - Sassetti Marketing Services We deliver comprehensive marketing services at Sassetti LLC, tailored to fit the specific needs of our clients, whether you require one-time projects or ongoing support. Our team specializes in creating brand guides that establish a cohesive visual identity and additional graphic assets to enhance your design elements. We provide mock-ups for potential
- [Record Retention Guidelines](https://sassetti.com/resources-record-retention-guidelines/) - Record Retention Guidelines The following chart provides a general guideline for the retention of many types of records. The specific holding periods for any record retention policy should be given careful scrutiny by management and legal advisors, especially in light of any pending investigations, regulated industry requirements or contract covenants. In addition to these general
- [Consulting Services](https://sassetti.com/services/consulting-services/) - Consulting Services How We Serve Mergers &Acquisitions A successful transition starts with Sassetti. Our consulting in mergers & acquisitions aims to achieve sustainable profitability and growth for our customers through effective and strategic portfolio administration. Our team applies a niche-specific approach to your organizational needs. Learn More Exit Planning & Support As a business owner, it
- [Photography Portfolio](https://sassetti.com/photography-portfolio/) - Product Photography In the increasingly visual world of marketing, the importance of high-quality product photography cannot be overstated. From food to textiles and electronics, effective imagery not only enhances brand presence but also drives consumer engagement and sales. My expertise in food product photography serves as the foundation for exploring additional product photography ventures across
- [Real Estate Activities](https://sassetti.com/industries/real-estate-activities/) - Real Estate Activities Real estate services to help investors, developers, and professionals optimize their financial outcomes and achieve their objectives with deep expertise in real estate taxation, and accounting. Who We Help Owners and Investors Commercial and Residential Brokers Developers Property Managers Our Real Estate Services Federal and Multi-state Tax Planning and Preparation for Real
- [Hospitality](https://sassetti.com/industries/hospitality/) - Hospitality A comprehensive range of accounting and financial services tailored specifically to meet the needs of hotels, restaurants, and other hospitality establishments. Elevating Your Financial Management Whether you're looking to streamline your bookkeeping processes, optimize your tax strategy, or improve your financial reporting, our team of experienced professionals is here to help. With our comprehensive
- [Technology](https://sassetti.com/industries/technology/) - Technology Take your tech business to the next level - startups, public offerings and beyond. Maximizing Growth and Minimizing Risk As a tech professional, you understand the importance of having a trusted partner by your side to help you navigate the complex world of financing, accounting systems, and tax planning. The tech industry is constantly
- [Construction](https://sassetti.com/industries/construction/) - Construction Helping construction related companies with profit goals, heavy machinery asset management, and job costing. Beyond the Numbers At Sassetti, we know that simply providing accounting services isn't enough to help construction companies thrive. That's why we go beyond the numbers to understand your unique business goals and challenges.Our team of experienced accountants will work
- [Live Events](https://sassetti.com/live-events/) - Case Study The 2023 AAM Emerge event was a landmark conference hosted at our Oak Brook office, designed to provide an immersive experience for attendees through cutting-edge technology and seamless live production. Our team took charge of every aspect of on-screen content, from custom graphics and transitions to dynamic ads that enhanced the overall viewer
- [Make a Payment](https://sassetti.com/make-a-payment/) - How to Pay your Bill Online Sassetti has partnered with QuickFee to offer an easy, no-hassle way for you to spread the cost of your invoice(s) totaling $2,000 or more over 3, 6, 9 or 12 fixed monthly payments.* You can also pay your bill online with an ACH bank transfer or using a credit
- [Jim Robbs Retirement Party](https://sassetti.com/jim-robbs-retirement-party/) - Please Join Us to Honor Jim Robbs' Career and celebrate his retirement from Sassetti WHERE 2107 Swift Dr. Suite 210Oak Brook, IL 60523 WHEN December 12th4:00 PM - 7:00 PM CST Please join us in honoring Jim Robbs, a cherished colleague, mentor, and friend, as he embarks on his well-deserved retirement. It is with mixed
- [HR Services](https://sassetti.com/hr-services/) - HR Advisory Services HR Compliance & Policy Development​ Enrich your Business learn more Onboarding & Offboarding A Welcomed Start and a Secure Release learn more Employee Relations & Culture Development ​ A Satisfied Employee makes for the best business learn more Compensation & Benefits Consulting​ Prosperity in Precision learn more Talent & Performance Management​ Harmony in
- [Subscribe to Sassetti News and Updates](https://sassetti.com/subscribe-to-sassetti-news-and-updates/) - Subscribe to Sassetti News and Updates
- [HR Compliance and Policy Development](https://sassetti.com/hr-compliance-and-policy-development/) - HR Compliance and Policy Development Dedication to your people. HR Solutions for a Seamless Workplace We understand the intricate web of regulations that govern the modern workplace. Our HR Compliance and Policy Development services are designed to empower your business with robust policies, meticulous procedures, and unwavering compliance to local, state, and federal regulations. Our
- [Manufacturing & Distribution](https://sassetti.com/industries/manufacturing-distribution/) - Manufacturing Proving expert financial advice and information to help enhance your operations and maximize your entity's profitability. We understand the challenges you face in staying ahead of the competition and overcoming obstacles, which is why our team of professionals is committed to working with you to develop customized solutions that reduce costs and increase efficiencies.
- [Campus Recruiting](https://sassetti.com/campus-recruiting/) - Where Elegance Meets Productivity At Sassetti, we understand that the environment in which you work plays an instrumental role in shaping your productivity and job satisfaction. That's why we couldn't be more excited to welcome you to our brand-new, state-of-the-art office space in Oak Brook, Illinois. As you step into our headquarters, you're immediately greeted
- [Industries](https://sassetti.com/industries/) - Industries Sassetti provides support for a variety of clients, from emerging entities just getting established, to large organizations with complex needs. The core function we provide every client is accurate information, proactive tax planning and a relationship with an accounting firm that prioritizes understanding needs, achieving specific goals and overcoming obstacles. Industries We Serve Private
- [Accounting Outsourcing](https://sassetti.com/services/client-accounting-advisory/accounting-outsourcing/) - Accounting Outsourcing Are you a new business trying to navigate how to categorize your expenses and track your revenues? Or maybe you’re an established business trying to grow, but finding it a challenge to find a qualified bookkeeper to manage your books? Perhaps you’re running a non-profit and are constantly stressing about compliance and audit
- [General Application](https://sassetti.com/career/general-application/) - Grow with Us We recruit only those individuals with high personal standards and a desire to continue to grow professionally. Great people are the key to our success, and we invest liberally in their growth and development. If you are interested in maximizing your career potential and joining our team, select a dropdown below and
- [GAGAS & Single Audits](https://sassetti.com/services/assurance-services-1/gagas-single-audits/) - GAGAS & Single Audits Extensive experience performing General Accepted Government Auditing Standards (GAGAS) and Single Audits. Our team is highly skilled in navigating the complex regulatory landscape of government audits, and we're committed to providing our clients with the highest quality service and support. Which entities and organizations need to complete a Single Audit? The
- [Advisory Services Contact Page](https://sassetti.com/advisory-services-contact-page/) - Advisory Services As a valued client, you will receive the personalized experience and attention of a local firm, backed by the resources of a national firm. Our membership in the BDO Alliance USA gives us resources not available to most firms of our size. When you work with Sassetti, you will work directly with our
- [Outsourced CFO Services](https://sassetti.com/services/client-accounting-advisory/outsourced-cfo-services/) - Outsourced CFO Services In order to have impact, you have to focus on your core mission — and that's not financial statements, taxes, HR and payroll, billing, accounts receivable, reconciliations or evolving regulations. Strategic Planning Backed by a Wealth of Experience You’ll have consistent, long-term team support and a broad range of talent and skills
- [Tax Forms](https://sassetti.com/tax-forms/) - Tax Forms Illinois If you owe any taxes or are recommended to make 2024 estimated tax payments, it is recommended to make your payment(s) electronically to avoid mail processing delays. Payments can be scheduled now for withdrawal from your bank account until the due date. Illinois state payments can be made electronically through your MyTaxIllinois
- [Sassetti Internship](https://sassetti.com/sassetti-internship/) - Where Elegance Meets Productivity At Sassetti, we understand that the environment in which you work plays an instrumental role in shaping your productivity and job satisfaction. That's why we couldn't be more excited to welcome you to our brand-new, state-of-the-art office space in Oak Brook, Illinois. As you step into our headquarters, you're immediately greeted
- [Sassetti U Apply Now Page](https://sassetti.com/career/leadership-program/) - 2024University Prepare yourself for an immersive experience where you'll dive headfirst into the day-to-day operations of a leading accounting firm. At Sassetti U's dynamic one day event, we've curated an agenda that is both enlightening and engaging. Unveil the Magic Ever wondered how accounting software operates behind the scenes? Our program offers an exclusive sneak
- [Family Office Services](https://sassetti.com/services/client-accounting-advisory/family-office-services/) - Family Office Services Every family is unique. That is why our services are tailored to your needs. By utilizing the services of skilled and highly experienced family office service professionals, high net worth families can achieve improved financial management and receive valuable guidance in a cost-effective manner. Financial Freedom Sassetti provides wealthy families access to
- [Tax Quote Tool](https://sassetti.com/tax-quote-tool/) - Tax Quote Tool
- [DEI](https://sassetti.com/about-us/dei/) - Diversity, Equity, and Inclusion At Sassetti we strive to provide a culture that embraces diversity and individuality and have established a DEI Committee that is continuing to challenge our leaders to ensure we are living true to our ideals. We hire not only based on knowledge and experience but also based on the values, integrity and individuality that one brings to
- [Talent Acquisition & New Hire Support](https://sassetti.com/talent-acquisition-new-hire-support/) - Talent Acquisition & New Hire Support Ensure the best candidates will be your best employees. Quality Candidates Beyond Algorithms Welcome to our Talent Acquisition & New Hire Support service, where we are dedicated to ensuring that the best candidates become your best employees. In today's competitive market, attracting top talent and seamlessly integrating new hires
- [HR Technology Solutions​](https://sassetti.com/hr-technology-solutions/) - HR Technology Solutions​ Navigating Tomorrow Innovative HR Technology In today's rapidly evolving digital landscape, leveraging the right technology is crucial for enhancing efficiency and effectiveness across your HR processes. Our dedicated team is here to recommend and implement tailored solutions that streamline operations, empower your team, and drive organizational success. Our Strategy Selecting and implementing
- [Talent & Performance Management](https://sassetti.com/talent-and-performance-management/) - Talent & Performance Management Harmony in High Performance Accelerate Performance Welcome to our Talent & Performance Management service, where we believe in cultivating harmony in high performance. In today's dynamic business landscape, investing in the skills and competencies of your workforce is paramount to staying ahead. Our comprehensive approach to talent and performance management is
- [Tax Return Delivery with SafeSend Returns®](https://sassetti.com/tax-return-delivery-with-safesend-returns/) - Tax Return Delivery with SafeSend Returns® Secure Delivery We are pleased to offer SafeSend Returns to our clients as a secure, electronic tax return delivery system. The client-friendly interface walks you through a guided process that includes on-screen review of your return, collecting IRS-compliant e-signatures on e-file authorization forms, and options for making tax payments.
- [Compensation & Benefits Consulting](https://sassetti.com/compensation-benefits-consulting/) - Compensation & Benefits Consulting Prosperity in Precision Designing Competitive Compensation Packages Crafting competitive compensation packages is essential for attracting and retaining top talent in today's competitive job market. Our team of experienced consultants works closely with your organization to develop compensation strategies that align with your business goals while remaining competitive in your industry. Our
- [Onboarding and Offboarding](https://sassetti.com/onboarding-and-offboarding/) - Onboarding and Offboarding A Welcomed Start and a Secure Release Strategic Development of Best Practices We specialize in developing tailored best practices that align with your organizational goals. Our experienced HR professionals collaborate with you to create strategies that optimize processes and drive success. From recruitment to offboarding, we focus on enhancing efficiency while maintaining
- [Employee Relations & Culture Development  ​](https://sassetti.com/employee-relations-culture-development/) - Employee Relations & Culture Development ​ Foster Thriving and Harmonious Workplaces Our dedicated services address the intricate dynamics of employee interactions and culture cultivation, ensuring your organization stands out as an employer of choice. Our Employee Relations Services Conflict Resolution Strategies Proactively manage workplace conflicts. Develop a framework for open and respectful communication. Enhance employee relationships
- [Employee Benefit Plans](https://sassetti.com/services/assurance-services-1/employee-benefit-plans/) - Employee Benefit Plans A well performed audit is vital for your Employee Benefit Plan needs. Let Sassetti help you navigate your compliance needs. Benefit Plans Are Complicated From participant eligibility and compensation determination to taking too long to transfer withholdings, there are many ways that plan providers can inadvertently run into problems that could result
- [Tech Committee Suggestion Box](https://sassetti.com/tech-committee-suggestion-box/)
- [DMS Committee Suggestion Box](https://sassetti.com/dms-committee-suggestion-box/)
- [DEI Committee Suggestion Box](https://sassetti.com/dei-committee-suggestion-box/)
- [Human Capital Committee Suggestion Box](https://sassetti.com/human-capital-committee-suggestion-box/)
- [Fun Committee Suggestion Box](https://sassetti.com/fun-committee-suggestion-box/)
- [Careers](https://sassetti.com/careers-2/) - Passionate About Helping You Succeed Achieving exceptional results by engaging and empowering our people, clients, and community. Pursue a Professional Path at Sassetti Accounting Careers Apply Now Admin Careers Apply Now See All Open Positions View All Application Submission Use the "see all positions" to find a position that matches your skillset, qualifications, and goals.
- [General Submission Form](https://sassetti.com/general-submission-form/) - Apply Now Big Firm Benefits. Smaller Firm Flexibility. At Sassetti, you’ll gain access to Fortune 500®-caliber programs with smaller firm flexibility, community and individualization. Our high-quality, comprehensive benefits include: Competitive Salary We offer a competitive salary benefit, ensuring that our employees are compensated fairly for their work and have the financial stability to thrive both
- [Accounting Careers](https://sassetti.com/accounting-careers/) - Accounting Careers Senior Auditor Working directly with clients, you will work with a team on audit, review, compilation, and financial statements, oversee junior staff, implement improvements to existing processes, and more. Learn More Audit Manager As an Audit Manager, manage and supervise the execution of external audit engagements of various clients in accordance with relevant
- [Client Acceptance Tool](https://sassetti.com/client-acceptance-tool/) - Client Acceptance Tool
- [Jeff Schroeder's Retirement Party](https://sassetti.com/jeff-schroeders-retirement-party/) - Please join us to honor Jeff Schroeder’s career and celebrate his retirement from Sassetti Jeff has worked in Public Accounting for over forty years and spent more than twenty-five years at Sassetti, where he was promoted to Partner in 1998. He has handled a wide spectrum of accounts during his time with the Firm, including
- [Business Application Implementation Services](https://sassetti.com/services/client-accounting-advisory/business-application-implementation-services/) - Business Application Implementaion Services In the world of business, the need for growth and the development of internal processes that promote growth are often at odds with one another. Supported Applications Optimizing Business Technology and Processes From small departments that don’t communicate well with one another, to wide spread use of outdated systems that keep
- [Tax Credits & Incentives](https://sassetti.com/services/tax-services/tax-credits-incentives/) - Tax Credits & Incentives Tax credits and incentives at the federal, state and local levels create opportunities for businesses and individuals to significantly lower their tax liability. Tax Credit Services Our tax credit service providers have the knowledge and expertise to guide you through the specific opportunities available to your company. We provide support throughout
- [Inventory Costing: A Key Financial Metric for Business Success](https://sassetti.com/industries/what-is-inventory-costing-a-comprehensive-guide/) - Inventory Costing Guide Choosing the Right Inventory Costing Method for Your Business In the world of finance and accounting, inventory costing plays a crucial role in determining a company's financial health and profitability. Understanding what inventory costing is and how it impacts your business can empower you to make informed decisions that optimize your bottom
- [In The Community](https://sassetti.com/about-us/in-the-community/) - Pink 5k 2023 Cheers to Sassetti's squad for bringing their A-game at the Oak Brook Park District Annual Pink 5k Run/Walk! Learn More Purpose Not only did we have a blast, but we also supported an incredible cause - providing free mammograms to women in need. 1st Place! Eric Franklin placed 1st in his age
- [Path to Partner](https://sassetti.com/path-to-partner/) - Path to Partner Message From Your Managing Partner Welcome to Sassetti - where your development is our priority. At Sassetti, we all take pride in our reputation with our clients and our standing in the community. Our goal of investing in you and your development creates a win-win solution for you and the firm. The
- [CAAS Staff Accountant](https://sassetti.com/career/caas-staff-accountant/) - CAAS Staff Accountant Are you a number-crunching maestro with a flair for innovation? Do you dream of joining a dynamic team that's rewriting the rules of public accounting? If so, your moment has arrived! Application Deadline: September 15, 2023 About Us Welcome to Sassetti – where traditional meets transformation. We're not just number crunchers; we're
- [Amy Boston Employee Portal Page](https://sassetti.com/amy-boston-employee-portal-page/) - Welcome, Amy! Your Sassetti Journey Awaits Your Journey Module Type: LCVISTA View Training Training Type: LCVISTA View Training Leadership Type: LCVISTA View Training
- [Audit Resources](https://sassetti.com/employee-portal-page-draft/audit-resources-2/) - Trial Balance The following videos will help you navigate through a trail balance covering: Grouping Schedule, Statement of Actvities, Operating Expenses, Exporting Trial Balance into Excel, Match Balances with Financial Statements, Groupings for Expenses, if you Missed a Grouping after Grouping your Financial Expense Accounts, Account Classification Groupings, Cleaning Up Worksheet to Import into Advance
- [Administrative Assistant](https://sassetti.com/career/administrative-assistant/) - Administrative Assistant Sassetti is a public accounting firm based in Oak Brook, Illinois. Our services go beyond tax prep – we provide full-service tax, accounting, audit, and advisory services throughout Chicagoland and beyond. We lead the way in our team-oriented, proactive client service approach and incorporate the know-how, resources, and reputation of a large firm, paired
- [BDO Alliance](https://sassetti.com/bdo-alliance/) - BDO Alliance Employee Benefit Plans Experienced auditors help plan providers avoid penalties and ensure compliance by addressing issues related to participant eligibility, compensation determination, and timely transfer of withholdings. Their year-round support reduces headaches and errors during audits. In case errors are found, auditors offer guidance through the correction process. By supplementing our services, the
- [Tax Manager](https://sassetti.com/career/tax-manager/) - Tax Manager Sassetti is a public accounting firm based in Oak Brook, Illinois. Our services go beyond tax prep – we provide full-service tax, accounting, audit, and advisory services throughout Chicagoland and beyond. We lead the way in our team-oriented, proactive client service approach and incorporate the know-how, resources, and reputation of a large firm, paired
- [Staff Accountant](https://sassetti.com/career/staff-accountant/) - Staff Accountant Sassetti is a public accounting firm based in Oak Brook, Illinois. Our services go beyond tax prep – we provide full-service tax, accounting, audit, and advisory services throughout Chicagoland and beyond. We lead the way in our team-oriented, proactive client service approach and incorporate the know-how, resources, and reputation of a large firm, paired
- [Business Tax Planning & Preparation Services](https://sassetti.com/services/tax-services/business-tax-planning-preparation-services/) - Business Tax Planning & Preparation Services Our Business Tax Services Team is dedicated to providing companies with the highest quality business tax preparation, planning, and consulting services and to helping reduce business tax liability. Comprehensive Business Tax Preparation Services Our tax specialists have a comprehensive understanding of international, federal, state and local tax regulations –
- [Non-Profit Compliance Services](https://sassetti.com/services/tax-services/non-profit-compliance-services/) - Non-Profit Compliance Services Helping organizations work toward achieving their mission and maintaining a transparent and sustainable effort. Financial Services for Not-for-Profit Organizations We deliver the financial services needed to help efficiently support your cause. For not-for-profit organizations, we can become your auditor or provide accounting support for your organization and work with your current auditor.
- [Resources](https://sassetti.com/resources-2/) - Resources If you have any questions or would like further information, please contact Sassetti LLC. You’ll be directed to an accounting professional who can address your unique needs. Resources Calculators View All Record Retention Guidelines Read More We Are Here To Help We perform our duties best when we get to know your business and
- [SEC Services](https://sassetti.com/services/assurance-services-1/sec-services/) - SEC Services We drive value for both our public company clients and their investors by bringing objectivity, independence, insight and the necessary expertise to serve the ever-changing and complex needs of publicly registered entities and those looking to invest in them. PCAOB Audits Our goal is to help satisfy the needs of private equity or
- [Calculators](https://sassetti.com/resources/calculators/) - Calculators At Sassetti, we’re ready to help you simplify and solve complexities. Utilize our calculators to confidently plan for today and the future.
- [Senior Auditor](https://sassetti.com/career/senior-auditor/) - Senior Auditor Sassetti is a public accounting firm based in Oak Brook, Illinois. Our services go beyond tax prep – we provide full-service tax, accounting, audit, and advisory services throughout Chicagoland and beyond. We lead the way in our team-oriented, proactive client service approach and incorporate the know-how, resources, and reputation of a large firm, paired
- [Exit Planning & Support](https://sassetti.com/services/consulting-services/exit-planning-support/) - Exit Planning & Support As a business owner, it is crucial to plan for the eventual exit or sale of your business. With our extensive experience and expertise, we can provide you with the necessary guidance and support to help you achieve a successful exit strategy. What is Exit Planning and Support? Exit planning involves
- [Digital Content Creation](https://sassetti.com/services/consulting-services/digital-content-creation/) - Digital Content Creation At Sassetti our mission is to achieve exceptional results by engaging and empowering our people, our clients, and our community. We recognize to be engaged, you must feel included, valued, and free to be your authentic self. Media For Any Mission Whether it’s a single video or a series of photos, it
- [Audit Manager](https://sassetti.com/career/audit-manager/) - Audit Manager Sassetti is a public accounting firm based in Oak Brook. Our services go beyond simple tax prep – we provide full-service tax, accounting, audit, and advisory services throughout Chicagoland and beyond. We lead the way in our team oriented, proactive client service approach and incorporate the know-how, resources, and reputation of a large
- [Senior Tax Associate](https://sassetti.com/career/senior-tax-associate/) - Senior Tax Associate Sassetti LLC has an immediate opening for a Senior Tax Associate. The Senior Tax Associate will be an important part of the Tax Team, preparing tax returns within various types of entities and industries in a team environment. Grow with Us We recruit only those individuals with high personal standards and a
- [Privacy Policy](https://sassetti.com/privacy-policy/) - Privacy Policy Sassetti LLC values the privacy of those who visit our web site and communicate with us online. We think it is important for you to understand when and why we collect personally identifiable information and how we may use it. This Privacy Policy describes our data collection and use policies. We encourage you
- [Thank You Experts](https://sassetti.com/thank-you-experts/) - Thank You for your Submission! It’s great to hear from you! I’ve received your message and will contact you soon.
- [Thank You for your Submission](https://sassetti.com/thank-you-for-your-submission/) - Thank You for your Submission! Thank you for contacting Sassetti! We’ve received your message and someone from our team will be in touch with you soon.
- [TaxCaddy](https://sassetti.com/taxcaddy/) - Getting Started with TaxCaddy is a secure document delivery system that allows you to upload documents as you receive them and correspond electronically with your tax professional. Accounts are controlled by the taxpayers, meaning you can take your account with you even if you switch to another tax provider. If you enroll, you will no
- [Resources](https://sassetti.com/resources/) - Resources If you have any questions or would like further information, please contact Sassetti LLC. You'll be directed to an accounting professional who can address your unique needs.
- [Register](https://sassetti.com/register/)
- [Edit Profile](https://sassetti.com/edit-profile/)

## Experts

- [Megan Janik](https://sassetti.com/expert/alicia-young/) - Partner
- [Michelle Serna](https://sassetti.com/expert/michelle-serna/) - Partner
- [Alicia Young](https://sassetti.com/expert/alicia-young-2/) - Partner
- [Anna Kross](https://sassetti.com/expert/anna-kross/) - Phone: (708) 386-1433 x148 Direct: (708) 406-8623 Contact Anna
- [Aroosa Shahab](https://sassetti.com/expert/aroosa-shahab-2/) - Partner
- [Aimee Urnikis](https://sassetti.com/expert/aimee-urnikis/) - Partner
- [Agnes Sroka](https://sassetti.com/expert/agnes-sroka/) - Phone: (708) 386-1433 x310 Contact Agnes
- [Susan Penno](https://sassetti.com/expert/susan-penno/) - Partner
- [Amanda Cone](https://sassetti.com/expert/amanda-cone/) - Amanda Cone is a seasoned accounting and financial management professional with over 15 years of experience spanning resort hospitality, corporate operations, and professional services. Committed to providing excellent client service and grounded in full-cycle accounting, she brings deep expertise in financial reporting, P&L oversight, reconciliation, and multi-entity operations. Amanda is a member of the Greater
- [Juan Palomino](https://sassetti.com/expert/juan-palomino/) - Phone: (708) 386-1433 x133 Contact Me
- [Eric Franklin](https://sassetti.com/expert/eric-franklin/) - Senior Manager
- [Alison Beutler](https://sassetti.com/expert/alison-beutler/) - Phone: (708) 386-1433 x106 Contact Me
- [Jim Carter](https://sassetti.com/expert/jim-carter/) - Phone: (708) 386-1433 x140 Contact Me
- [Manal Said](https://sassetti.com/expert/manal-said/) - Phone: (708) 386-1433 x115 Contact Me
- [Esmeralda Espinoza](https://sassetti.com/expert/esmeralda-espinoza/) - Phone: (708) 386-1433 x116 Contact Me
- [Laura Rodriguez](https://sassetti.com/expert/laura-rodriguez/) - Phone: (708) 386-1433 x136 Contact Me
- [Kamila Sarraf](https://sassetti.com/expert/kamila-sarraf/) - Phone: (708) 386-1433 x101 Contact Me
- [Jessica Freiburg](https://sassetti.com/expert/jessica-freiburg/) - Managing Partner
- [Gabriela DeLaGarza](https://sassetti.com/expert/gabriela-delagarza/) - Phone: (708) 386-1433 x153 Gabriela joined Sassetti in 2023 with over four years of audit and accounting experience with midsize and big four accounting firms. She has worked on numerous financial statement and single audits of nonprofit organizations, including public school systems, health organizations social service agencies, and foundations. She has an MSA with a
- [Alec Lepczynski](https://sassetti.com/expert/alec-lepczynski/) - Alec in June of 2022 graduated from DePaul University before accepting a full time position as an audit associate after two previous audit internships with Sassetti. Currently on the way to obtaining his CPA in the near future. Phone: (708) 386-1433 x151 "Do. Or do not. There is no try." -YODA Associations Education DePaul University,
- [Mel David](https://sassetti.com/expert/mel-david/) - Phone: (708) 386-1433 x131 Contact Me
- [Myrna Mejia](https://sassetti.com/expert/myrna-mejia/) - Myrna is a tax manager at Sassetti LLC and brings over 15 years of experience to the firm. Myrna originally began her career at SMART Business Advisory & Consulting in the Chicago branch as a tax accountant and consultant. She later moved to the private sector working for a Fortune 500 company before joining Sassetti.
- [Tyler Cuda](https://sassetti.com/expert/tyler-cuda/) - Marketing Manager
- [Julie Helfer](https://sassetti.com/expert/julie-helfer/) - Julie is a Senior Administrative Assistant at Sassetti. Prior to that her years of experience include more than 15 years in Customer Service, Retail Management and 5 years as an Administrative Assistant. Julie grew up in Northbrook and lives in Buffalo Grove with her two teenagers, her husband of 21 years, and their two Golden
- [Beckie Fuller](https://sassetti.com/expert/beckie-fuller/) - Beckie has 17+ year’s experience in the accounting industry, and prior small business management experience. At Sassetti she provides an array of office support and tax team administrative support. She is team champion of the Electronic Filing System and also the SafeSend Suite which streamlines the secure delivery of returns and documents for staff and
- [Johnathan Bollas](https://sassetti.com/expert/johnathan-bollas/) - Phone: (708) 386-1433 x107 Contact Me
- [Persephone Carr](https://sassetti.com/expert/persephone-carr/) - Persephone is a recent graduate of Coe college in Cedar Rapids Iowa. There she majored in public accounting and minored in philosophy. She joined the audit team of Sassetti in February of 2025. She is excited to work, learn, and grow at the firm alongside the excellent team she is a part of. Phone: (708) 386-1433 x310 Contact Me
- [Nia Intud](https://sassetti.com/expert/nia-intud/) - Phone: (708) 386-1433 x137 Contact Me
- [Korina Carrillo](https://sassetti.com/expert/korina-carrillo/) - Audit Senior Manager
- [Ewa Polaszewski](https://sassetti.com/expert/ewa-polaszewski/) - Phone: (708) 386-1433 x166 Contact Me
- [Izabela Poludniak](https://sassetti.com/expert/izabela-poludniak/) - Partner
- [Shawn Carter](https://sassetti.com/expert/shawn-carter/) - Shawn is a Certified Public Accountant with more than 15 years of experience in public accounting, with a primary focus on assurance services and financial statement preparation for privately-held businesses, not-for-profits, and employee benefit plans. Shawn is licensed to practice as a CPA in the state of Illinois. Phone: (708) 386-1433 x122 Direct: (708) 406-8612
- [Kathleen Brattlie](https://sassetti.com/expert/kathleen-brattlie/) - Kathy Brattlie is an experienced accountant with 30 years of accounting expertise. Having worked in the field for three decades, she has specialized in tax for 20 years and audit for 4 years. Prior to joining Sassetti three years ago, Kathy played a significant role at MBE CPAS, a high-growth firm where she helped expand
- [Ragad Nakira](https://sassetti.com/expert/ragad-nakira/) - Phone: (708) 386-1433 Contact Me
- [Amy Zwolinski](https://sassetti.com/expert/amy-zwolinski/) - Phone: (708) 386-1433 x168 Contact Me
- [Ashley Friedman](https://sassetti.com/expert/ashley-friedman/) - Ashley is a tax manager and has been working in public accounting since 2008. She started off in assurance services for 6 years and has transitioned over to tax since then. Her experience in both audit and tax has given her valuable insight to help clients with their accounting and tax needs. She works extensively
- [Linda Pacheco](https://sassetti.com/expert/linda-pacheco/) - Linda joined the Sassetti team in January, 2022. She has over 25 years of administrative assistance experience. Phone: (708) 386-1433 x139 Hobbies Linda enjoys spending time with her two little parakeets, Skittles and Snowflake. And growing her collection of houseplants. Q&A What drew you to Sassetti? I was initially drawn to Sassetti because I saw
- [Sarah Moscript](https://sassetti.com/expert/sarah-moscript/) - Manager of People and Culture
- [Lauren McFarland](https://sassetti.com/expert/lauren-mcfarland/) - Manager of People and Culture

## Categories

- [Uncategorized](https://sassetti.com/category/uncategorized/)
- [News](https://sassetti.com/category/news/)
- [Communication](https://sassetti.com/category/communication/)
- [Tax](https://sassetti.com/category/tax/)
- [Team Thoughts](https://sassetti.com/category/team-thoughts/)
- [Fraud](https://sassetti.com/category/fraud/)
- [Year-End](https://sassetti.com/category/year-end/)
- [Management](https://sassetti.com/category/management/)
- [Featured](https://sassetti.com/category/featured/)
- [Nonprofit](https://sassetti.com/category/nonprofit/)
- [Tech](https://sassetti.com/category/tech/)
- [Manufacturing](https://sassetti.com/category/manufacturing/)
- [Real Estate](https://sassetti.com/category/real-estate/)
- [Technology](https://sassetti.com/category/technology/)
- [Private Client Services](https://sassetti.com/category/private-client-services/)
- [Human Resources](https://sassetti.com/category/human-resources/)

## Tags

- [biden](https://sassetti.com/tag/biden/)
- [green book](https://sassetti.com/tag/green-book/)
- [tax proposal](https://sassetti.com/tag/tax-proposal/)
- [treasury](https://sassetti.com/tag/treasury/)
- [deduction deferral](https://sassetti.com/tag/deduction-deferral/)
- [global minimum tax](https://sassetti.com/tag/global-minimum-tax/)
- [income acceleration](https://sassetti.com/tag/income-acceleration/)
- [tax rates](https://sassetti.com/tag/tax-rates/)
- [self employment tax](https://sassetti.com/tag/self-employment-tax/)
- [budget bill](https://sassetti.com/tag/budget-bill/)
- [edge tax credit](https://sassetti.com/tag/edge-tax-credit/)
- [illinois budget](https://sassetti.com/tag/illinois-budget/)
- [illinois franchise tax](https://sassetti.com/tag/illinois-franchise-tax/)
- [estate planning](https://sassetti.com/tag/estate-planning/)
- [gift tax](https://sassetti.com/tag/gift-tax/)
- [GRAT](https://sassetti.com/tag/grat/)
- [SLAT](https://sassetti.com/tag/slat/)
- [employee retention credit](https://sassetti.com/tag/employee-retention-credit/)
- [ERC](https://sassetti.com/tag/erc/)
- [news](https://sassetti.com/tag/news/)
- [tax](https://sassetti.com/tag/tax/)
- [accounting](https://sassetti.com/tag/accounting/)
- [business](https://sassetti.com/tag/business/)
- [taxes](https://sassetti.com/tag/taxes/)
- [taxpayer](https://sassetti.com/tag/taxpayer/)
- [Illinois](https://sassetti.com/tag/illinois/)
- [policies](https://sassetti.com/tag/policies/)
- [property](https://sassetti.com/tag/property/)
- [records](https://sassetti.com/tag/records/)
- [benefits](https://sassetti.com/tag/benefits/)
- [company](https://sassetti.com/tag/company/)
- [employee](https://sassetti.com/tag/employee/)
- [ESOP](https://sassetti.com/tag/esop/)
- [liquidity](https://sassetti.com/tag/liquidity/)
- [ownership](https://sassetti.com/tag/ownership/)
- [private companies](https://sassetti.com/tag/private-companies/)
- [retirement](https://sassetti.com/tag/retirement/)
- [stock](https://sassetti.com/tag/stock/)
- [stock ownership plan](https://sassetti.com/tag/stock-ownership-plan/)
- [covid-19](https://sassetti.com/tag/covid-19/)
- [cybersecurity](https://sassetti.com/tag/cybersecurity/)
- [nonprofit](https://sassetti.com/tag/nonprofit/)
- [leadership](https://sassetti.com/tag/leadership/)
- [remote work](https://sassetti.com/tag/remote-work/)
- [teamwork](https://sassetti.com/tag/teamwork/)
- [virtual](https://sassetti.com/tag/virtual/)
- [work from home](https://sassetti.com/tag/work-from-home/)
- [blockchain](https://sassetti.com/tag/blockchain/)
- [cryptocurrency](https://sassetti.com/tag/cryptocurrency/)
- [technology](https://sassetti.com/tag/technology/)
- [auditing](https://sassetti.com/tag/auditing/)
- [capital gain](https://sassetti.com/tag/capital-gain/)
- [House Ways and Means Committee](https://sassetti.com/tag/house-ways-and-means-committee/)
- [legislation](https://sassetti.com/tag/legislation/)
- [proposal](https://sassetti.com/tag/proposal/)
- [employees](https://sassetti.com/tag/employees/)
- [employer](https://sassetti.com/tag/employer/)
- [family leave](https://sassetti.com/tag/family-leave/)
- [IRS](https://sassetti.com/tag/irs/)
- [paid leave](https://sassetti.com/tag/paid-leave/)
- [sick leave](https://sassetti.com/tag/sick-leave/)
- [wages](https://sassetti.com/tag/wages/)
- [fundraising](https://sassetti.com/tag/fundraising/)
- [giving tuesday](https://sassetti.com/tag/giving-tuesday/)
- [year end giving](https://sassetti.com/tag/year-end-giving/)
- [build back better](https://sassetti.com/tag/build-back-better/)
- [House Budget Committee](https://sassetti.com/tag/house-budget-committee/)
- [small business](https://sassetti.com/tag/small-business/)
- [charitable](https://sassetti.com/tag/charitable/)
- [college savings plan](https://sassetti.com/tag/college-savings-plan/)
- [donor advised fund](https://sassetti.com/tag/donor-advised-fund/)
- [IRA](https://sassetti.com/tag/ira/)
- [loss harvesting](https://sassetti.com/tag/loss-harvesting/)
- [retirement plans](https://sassetti.com/tag/retirement-plans/)
- [roth IRA](https://sassetti.com/tag/roth-ira/)
- [tax tips](https://sassetti.com/tag/tax-tips/)
- [year end](https://sassetti.com/tag/year-end/)
- [expense deductions](https://sassetti.com/tag/expense-deductions/)
- [pass-through entity tax](https://sassetti.com/tag/pass-through-entity-tax/)
- [pte tax](https://sassetti.com/tag/pte-tax/)
- [data breach](https://sassetti.com/tag/data-breach/)
- [compliance](https://sassetti.com/tag/compliance/)
- [tax exempt](https://sassetti.com/tag/tax-exempt/)
- [TE/GE](https://sassetti.com/tag/te-ge/)
- [funding](https://sassetti.com/tag/funding/)
- [succession planning](https://sassetti.com/tag/succession-planning/)
- [401k](https://sassetti.com/tag/401k/)
- [great resignation](https://sassetti.com/tag/great-resignation/)
- [corporate volunteering](https://sassetti.com/tag/corporate-volunteering/)
- [esg](https://sassetti.com/tag/esg/)
- [asu 2016-14](https://sassetti.com/tag/asu-2016-14/)
- [financial statements](https://sassetti.com/tag/financial-statements/)
- [functional expense analysis](https://sassetti.com/tag/functional-expense-analysis/)
- [american rescue plan](https://sassetti.com/tag/american-rescue-plan/)
- [coronavirus](https://sassetti.com/tag/coronavirus/)
- [CSLFRF](https://sassetti.com/tag/cslfrf/)
- [lean six sigma](https://sassetti.com/tag/lean-six-sigma/)
- [declining enrollment](https://sassetti.com/tag/declining-enrollment/)
- [hybrid learning](https://sassetti.com/tag/hybrid-learning/)
- [online learning](https://sassetti.com/tag/online-learning/)
- [american rescue plan act](https://sassetti.com/tag/american-rescue-plan-act/)
- [coronavirus state and local fiscal recovery fund](https://sassetti.com/tag/coronavirus-state-and-local-fiscal-recovery-fund/)
- [best and brightest chicago](https://sassetti.com/tag/best-and-brightest-chicago/)
- [best and brightest companies to work for](https://sassetti.com/tag/best-and-brightest-companies-to-work-for/)
- [nabr](https://sassetti.com/tag/nabr/)
- [work life balance](https://sassetti.com/tag/work-life-balance/)
- [office of management and budget](https://sassetti.com/tag/office-of-management-and-budget/)
- [omb compliance supplement](https://sassetti.com/tag/omb-compliance-supplement/)
- [relief funds](https://sassetti.com/tag/relief-funds/)
- [applicable tax-exempt organization](https://sassetti.com/tag/applicable-tax-exempt-organization/)
- [ateo](https://sassetti.com/tag/ateo/)
- [excess parachute payment](https://sassetti.com/tag/excess-parachute-payment/)
- [IRS Section 4960](https://sassetti.com/tag/irs-section-4960/)
- [nick saban rule](https://sassetti.com/tag/nick-saban-rule/)
- [remuneration](https://sassetti.com/tag/remuneration/)
- [sba](https://sassetti.com/tag/sba/)
- [svog](https://sassetti.com/tag/svog/)
- [donor experience](https://sassetti.com/tag/donor-experience/)
- [not-for-profit](https://sassetti.com/tag/not-for-profit/)
- [inflation](https://sassetti.com/tag/inflation/)
- [salary increase budgets](https://sassetti.com/tag/salary-increase-budgets/)
- [clean energy](https://sassetti.com/tag/clean-energy/)
- [electric vehicles](https://sassetti.com/tag/electric-vehicles/)
- [inflation reduction act](https://sassetti.com/tag/inflation-reduction-act/)
- [Featured Home](https://sassetti.com/tag/featured-home/)
- [non-for-profit](https://sassetti.com/tag/non-for-profit/)
- [endowment](https://sassetti.com/tag/endowment/)
- [non profit](https://sassetti.com/tag/non-profit/)
- [Jim Robbs](https://sassetti.com/tag/jim-robbs/)
- [M&A](https://sassetti.com/tag/ma/)
- [Exit Planning](https://sassetti.com/tag/exit-planning/)
- [illinois mandate](https://sassetti.com/tag/illinois-mandate/)
- [illinois retirement mandate](https://sassetti.com/tag/illinois-retirement-mandate/)
- [small business 401k](https://sassetti.com/tag/small-business-401k/)
- [tech sector](https://sassetti.com/tag/tech-sector/)
- [tech companies](https://sassetti.com/tag/tech-companies/)
- [technology industry](https://sassetti.com/tag/technology-industry/)
- [technology companies](https://sassetti.com/tag/technology-companies/)
- [cloud computing](https://sassetti.com/tag/cloud-computing/)
- [research and development](https://sassetti.com/tag/research-and-development/)
- [mobile devices](https://sassetti.com/tag/mobile-devices/)
- [software development](https://sassetti.com/tag/software-development/)
- [manufacturing](https://sassetti.com/tag/manufacturing/)
- [best practices](https://sassetti.com/tag/best-practices/)
- [cost segregation study](https://sassetti.com/tag/cost-segregation-study/)
- [property owner](https://sassetti.com/tag/property-owner/)
- [property investor](https://sassetti.com/tag/property-investor/)
- [tax savings](https://sassetti.com/tag/tax-savings/)
- [deductions](https://sassetti.com/tag/deductions/)
- [assets](https://sassetti.com/tag/assets/)
- [Real estate developers](https://sassetti.com/tag/real-estate-developers/)
- [Hotel and resort owners](https://sassetti.com/tag/hotel-and-resort-owners/)
- [Office building owners](https://sassetti.com/tag/office-building-owners/)
- [Retail store owners](https://sassetti.com/tag/retail-store-owners/)
- [Medical facility owners](https://sassetti.com/tag/medical-facility-owners/)
- [Manufacturing facility owners](https://sassetti.com/tag/manufacturing-facility-owners/)
- [State Tax Credits](https://sassetti.com/tag/state-tax-credits/)
- [Tax Credits](https://sassetti.com/tag/tax-credits/)
- [incentives](https://sassetti.com/tag/incentives/)
- [tax liability](https://sassetti.com/tag/tax-liability/)
- [financial strategies](https://sassetti.com/tag/financial-strategies/)
- [taxable income](https://sassetti.com/tag/taxable-income/)
- [investments](https://sassetti.com/tag/investments/)
- [economic growth](https://sassetti.com/tag/economic-growth/)
- [investment credits](https://sassetti.com/tag/investment-credits/)
- [business incentive credits](https://sassetti.com/tag/business-incentive-credits/)
- [low income housing credits](https://sassetti.com/tag/low-income-housing-credits/)
- [Green and Renewable Energy Credits](https://sassetti.com/tag/green-and-renewable-energy-credits/)
- [tax planning](https://sassetti.com/tag/tax-planning/)
- [viginia state tax credits](https://sassetti.com/tag/viginia-state-tax-credits/)
- [ohio state tax credits](https://sassetti.com/tag/ohio-state-tax-credits/)
- [paperless tech](https://sassetti.com/tag/paperless-tech/)
- [cost savings](https://sassetti.com/tag/cost-savings/)
- [efficiency](https://sassetti.com/tag/efficiency/)
- [electronic documents](https://sassetti.com/tag/electronic-documents/)
- [digial signatures](https://sassetti.com/tag/digial-signatures/)
- [cloud storage](https://sassetti.com/tag/cloud-storage/)
- [mobile applications](https://sassetti.com/tag/mobile-applications/)
- [automation](https://sassetti.com/tag/automation/)
- [docusign](https://sassetti.com/tag/docusign/)
- [google drive](https://sassetti.com/tag/google-drive/)
- [adobe acrobat](https://sassetti.com/tag/adobe-acrobat/)
- [electric vehicle](https://sassetti.com/tag/electric-vehicle/)
- [EV tax credits](https://sassetti.com/tag/ev-tax-credits/)
- [EV credits](https://sassetti.com/tag/ev-credits/)
- [tesla](https://sassetti.com/tag/tesla/)
- [chevrolet](https://sassetti.com/tag/chevrolet/)
- [chevy](https://sassetti.com/tag/chevy/)
- [United Stated EV tax credits](https://sassetti.com/tag/united-stated-ev-tax-credits/)
- [digital changes](https://sassetti.com/tag/digital-changes/)
- [manufacturing accounting](https://sassetti.com/tag/manufacturing-accounting/)
- [cost effective manufacturing solutions](https://sassetti.com/tag/cost-effective-manufacturing-solutions/)
- [IOT accoutning](https://sassetti.com/tag/iot-accoutning/)
- [predictive analytics](https://sassetti.com/tag/predictive-analytics/)
- [Simplified Tax Filing](https://sassetti.com/tag/simplified-tax-filing/)
- [Efficient Accounting](https://sassetti.com/tag/efficient-accounting/)
- [Production Cost Management](https://sassetti.com/tag/production-cost-management/)
- [Manufacturing Efficiency](https://sassetti.com/tag/manufacturing-efficiency/)
- [Cost Reduction Strategies](https://sassetti.com/tag/cost-reduction-strategies/)
- [Technology in Accounting](https://sassetti.com/tag/technology-in-accounting/)
- [Supplier Relationship Management](https://sassetti.com/tag/supplier-relationship-management/)
- [Inventory Management](https://sassetti.com/tag/inventory-management/)
- [Budget Management](https://sassetti.com/tag/budget-management/)
- [Employee Training in Manufacturing](https://sassetti.com/tag/employee-training-in-manufacturing/)
- [R&D Credits](https://sassetti.com/tag/rd-credits/)
- [Start-Up Expenses](https://sassetti.com/tag/start-up-expenses/)
- [Small Business Tax](https://sassetti.com/tag/small-business-tax/)
- [Foreign Tax Credit](https://sassetti.com/tag/foreign-tax-credit/)
- [Production Tax Credit](https://sassetti.com/tag/production-tax-credit/)
- [Innovation Finance](https://sassetti.com/tag/innovation-finance/)
- [Scalable Accounting Software](https://sassetti.com/tag/scalable-accounting-software/)
- [Corporate Transparency Act](https://sassetti.com/tag/corporate-transparency-act/)
- [CTA](https://sassetti.com/tag/cta/)
- [National Defense Authorization Act](https://sassetti.com/tag/national-defense-authorization-act/)
- [anti-money laundering](https://sassetti.com/tag/anti-money-laundering/)
- [Patriot Act](https://sassetti.com/tag/patriot-act/)
- [FinCEN](https://sassetti.com/tag/fincen/)
- [Treasury Department](https://sassetti.com/tag/treasury-department/)
- [form 990t](https://sassetti.com/tag/form-990t/)
- [sewction 6417](https://sassetti.com/tag/sewction-6417/)
- [standard cost](https://sassetti.com/tag/standard-cost/)
- [inventory control](https://sassetti.com/tag/inventory-control/)
- [expense allocation](https://sassetti.com/tag/expense-allocation/)
- [expenses](https://sassetti.com/tag/expenses/)
- [tracking expenses](https://sassetti.com/tag/tracking-expenses/)
- [accounting software](https://sassetti.com/tag/accounting-software/)
- [UBIT](https://sassetti.com/tag/ubit/)
- [business income](https://sassetti.com/tag/business-income/)
- [federal funding freeze](https://sassetti.com/tag/federal-funding-freeze/)
- [accoutning](https://sassetti.com/tag/accoutning/)
- [budget committee](https://sassetti.com/tag/budget-committee/)
- [tax measures](https://sassetti.com/tag/tax-measures/)
- [Tax Cuts](https://sassetti.com/tag/tax-cuts/)
- [Jobs Act](https://sassetti.com/tag/jobs-act/)
- [Republicans](https://sassetti.com/tag/republicans/)
- [congressional committees](https://sassetti.com/tag/congressional-committees/)
- [SALT](https://sassetti.com/tag/salt/)
- [home mortagage](https://sassetti.com/tag/home-mortagage/)
- [copporate alternative minimum tax](https://sassetti.com/tag/copporate-alternative-minimum-tax/)
- [sales tax](https://sassetti.com/tag/sales-tax/)
- [lease](https://sassetti.com/tag/lease/)
- [lease payments](https://sassetti.com/tag/lease-payments/)
- [form ST-1](https://sassetti.com/tag/form-st-1/)
- [rentals](https://sassetti.com/tag/rentals/)

## Expert Categories

- [Individual Tax](https://sassetti.com/experts/individual-tax/)
- [Estates and Trusts](https://sassetti.com/experts/estates-and-trusts/)
- [Business Tax](https://sassetti.com/experts/business-tax/)
- [Tax Credits](https://sassetti.com/experts/tax-credits/)
- [Non-Profit Compliance](https://sassetti.com/experts/non-profit-compliance/)
- [Employee Benefit](https://sassetti.com/experts/employee-benefit/)
- [Financial Statement](https://sassetti.com/experts/financial-statement/)
- [GAGAS](https://sassetti.com/experts/gagas/)
- [SEC Services](https://sassetti.com/experts/sec-services/)
- [Accounting Outsourcing](https://sassetti.com/experts/accounting-outsourcing/)
- [Outsourced CFO](https://sassetti.com/experts/outsourced-cfo/)
- [Family Office](https://sassetti.com/experts/family-office/)
- [Business Application](https://sassetti.com/experts/business-application/)
- [Digital Content Creation](https://sassetti.com/experts/digital-content-creation/)
- [Mergers and Acquisitions](https://sassetti.com/experts/mergers-and-acquisitions/)
- [Exit Planning](https://sassetti.com/experts/exit-planning/)
- [Accounting Standard](https://sassetti.com/experts/accounting-standard/)
- [Professional Services](https://sassetti.com/experts/professional-services/)
- [Manufacturing and Distribution](https://sassetti.com/experts/manufacturing-and-distribution/)
- [Non Profit](https://sassetti.com/experts/non-profit/)
- [Technology](https://sassetti.com/experts/technology/)
- [Hospitality](https://sassetti.com/experts/hospitality/)
- [Assurance](https://sassetti.com/experts/assurance/)
- [Wealth Management](https://sassetti.com/experts/wealth-management/)