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17 09, 2021

North Carolina Victims of Tropical Storm Fred Granted Tax Relief

2021-09-17T15:40:41-04:00

After the President declared a federal disaster area in North Carolina, the IRS announced that it will provide tax relief for victims impacted by Tropical Storm Fred. Residents affected by Tropical Storm Fred that reside in and/or have a business in Avery, Buncombe, Haywood, Madison, Transylvania, Watauga, or Yancey quality for tax relief as issued [...]

North Carolina Victims of Tropical Storm Fred Granted Tax Relief2021-09-17T15:40:41-04:00
27 08, 2021

Why Your Customers are Asking for Your SOC Report

2021-08-27T15:23:48-04:00

A Service Organization Control Report, or SOC, is intended to assist organizations that provide services to other entities. Acquiring a SOC report can be a valuable investment for an organization. While it is not legally required to share a SOC report with a client, if they ask you to provide one, it can be a [...]

Why Your Customers are Asking for Your SOC Report2021-08-27T15:23:48-04:00
12 08, 2021

Welcome Derrick Domingos

2021-08-13T14:40:28-04:00

Sarbey, Lexow & Kaufman (SLK) is very excited to announce the addition of Derrick Domingos, CPA as a managing director in our audit and advisory practice. Prior to joining Sarbey, Lexow & Kaufman LLC, Derrick was an Assurance Manager with the US Trust Solutions audit practice of PricewaterhouseCoopers LLP, based out of Miami/Fort Lauderdale, Florida, [...]

Welcome Derrick Domingos2021-08-13T14:40:28-04:00
11 08, 2021

How individuals can repay their deferred taxes

2021-08-11T14:04:18-04:00

How individuals can repay their deferred taxes The Coronavirus Aid, Relief, and Economic Security Act allowed self-employed individuals and household employers to defer the payment of certain Social Security taxes on their Form 1040 for tax year 2020 over the next two years. Half of the deferred Social Security tax is due by December 31, [...]

How individuals can repay their deferred taxes2021-08-11T14:04:18-04:00
2 07, 2021

Biden Proposes Changes to Capital Gains & Transfer at Death Rules

2021-07-02T12:29:02-04:00

President Biden, in the recently released Department of the Treasury Green Book, has proposed far-reaching changes to the taxation of capital gains and the treatment of property that is gifted or transferred at death, including calling for the taxing of capital gains at ordinary income rates, and treating the receipt of assets upon death as [...]

Biden Proposes Changes to Capital Gains & Transfer at Death Rules2021-07-02T12:29:02-04:00
15 06, 2021

The Impact of a Global Minimum Tax

2021-06-15T10:16:20-04:00

On Saturday, May 5, 2021, the Group of Seven (G7) countries (which include some of the world’s richest countries) agreed to a global minimum corporate tax rate of at least 15%. This plan could pave the way for a worldwide deal on a minimum corporate tax rate, which would have far-reaching implications for multinational firms. [...]

The Impact of a Global Minimum Tax2021-06-15T10:16:20-04:00
8 06, 2021

How the Biden Administration’s Proposed Budget Will Affect Taxes

2021-06-11T11:37:01-04:00

On May 28, 2021, the Biden Administration introduced its proposed $6 trillion fiscal year 2022 budget, which focuses heavily on infrastructure investments, clean energy initiatives, and potential tax changes affecting both corporations and individuals. The Journal of Accountancy recently published a comprehensive overview on how this proposed budget would affect taxes. These tax items include [...]

How the Biden Administration’s Proposed Budget Will Affect Taxes2021-06-11T11:37:01-04:00
4 06, 2021

How Blockchain Affects SOC for Service Organization Reports

2021-06-04T14:40:39-04:00

Has your service organization incorporated blockchain into its delivery systems? The Journal of Accountancy recently published a summary of the American Institute of Certified Public Accountants’ (AICPA’s) white paper on how blockchain systems affect performing SOC for Service Organizations reports. One key takeaway is that “management is responsible for identifying, assessing, documenting, and responding to [...]

How Blockchain Affects SOC for Service Organization Reports2021-06-04T14:40:39-04:00
12 05, 2021

7 Steps Businesses Should Take to Protect Against Cyberattacks

2021-05-24T09:22:10-04:00

Protection Against Cyberattacks When we think of cyberattacks, we generally think of the big ones that made the news – Equifax, Marriott, Adobe – where millions of people’s information was compromised.  Those were serious breaches, but small and mid-sized businesses actually are more at risk for a cyberattack because they often lack the knowledge and [...]

7 Steps Businesses Should Take to Protect Against Cyberattacks2021-05-24T09:22:10-04:00
15 04, 2021

The American Rescue Plan

2021-04-15T13:35:44-04:00

The American Rescue Plan (H.R. 1319) is a $1.9 trillion emergency legislative package to provide the resources needed to address the ongoing COVID-19 public health crisis and spur a strong economic recovery. It was signed into law earlier this year. What’s in it, and how does it impact you? Here are some of the highlights [...]

The American Rescue Plan2021-04-15T13:35:44-04:00
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