TBC Blog Network

Teal, Becker & Chiaramonte’s network of bloggers offering valuable insights, impressions and commentary on today’s financial and business world.

Seven consecutive years of TBC being named a Top Workplace by the Times Union

We are pleased to announce that this year is the seventh consecutive year that Teal, Becker & Chiaramonte, CPAs, P.C. (TBC) has been named a “Top Workplace” by the Times Union. In order to be considered for this award, employees have to nominate their employer and complete workplace satisfaction surveys. The winning nominees were announced on… [keep reading…]

Blessing named firm administator

Alison Blessing, CPA, with over 20 years of leadership experience in public and private accounting has been named as the Firm’s third firm administrator in over 45 years. While Michele Auricchio is finishing her career pending a late June retirement, Blessing will learn the responsibilities and be poised to take the firm to new heights… [keep reading…]

Watroba joins the expanding workforce

TBC has recently hired its newest accounting staff member, Joseph Watroba, CPA. He earned both his Bachelor of Science in Accounting degree as well as his Master of Science in Accounting from Siena College in 2013. Prior to joining TBC, he was a senior tax accountant at another firm. Outside of work, Joe and his… [keep reading…]

4 ways to encourage use of an employee assistance program

Unfortunately, it’s not uncommon for good employees to battle personal problems, such as substance dependence, financial or legal woes, or mental health issues. These struggles can negatively affect their productivity and the working environment around them. Employers can help by offering an employee assistance program (EAP). An EAP helps assist at-risk employees in finding the… [keep reading…]

The pass-through provisions of the TCJA: The devil is in the details

The Tax Cuts and Jobs Act (TCJA) has been touted for cutting the corporate tax rate, but the law also contains some valuable goodies for smaller businesses that operate as pass-through entities, including partnerships, limited liability companies, S corporations and sole proprietorships. These businesses stand to see their tax liabilities fall significantly, but determining just… [keep reading…]

TBC Women’s Initiative Partners with YWCA of the Greater Capital Region and Area Businesses

At a time when women’s voices are rising around the world, International Women’s Day was commemorated globally on March 8th through a rich diversity of initiatives.  However here in the Capital District, Mother Nature had her own plans, and the only woman we would let change International Women’s Day is Mother Nature herself! In honor… [keep reading…]

Now may be a good time to start a paid family and medical leave program

Does your organization have a formalized program under which it offers employees paid time off for an illness or family emergency? If not, there’s now an excellent reason to consider establishing one: The Tax Cuts and Jobs Act, passed late last year, created a tax credit for qualifying employers that begin providing paid family and… [keep reading…]

Home equity borrowers get good news from the IRS

Passage of the Tax Cuts and Jobs Act (TCJA) in December 2017 has led to confusion over some of the changes to longstanding deductions, including the deduction for interest on home equity loans. In response, the IRS has issued a statement clarifying that the interest on home equity loans, home equity lines of credit and… [keep reading…]

What’s your mileage deduction?

Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage rate to compute your deductions. For 2017, you might be able to deduct miles driven for business, medical, moving and charitable purposes. For 2018, there are significant changes to some of these… [keep reading…]

Recognize the risks of employees’ off-work misbehavior

When employees clock out, whether literally or figuratively, how they choose to spend their time is up to them. But that doesn’t mean a staffer’s off-work misbehavior poses no risk to his or her employer. Your organization can be severely harmed by an employee’s actions — even when he or she isn’t on the job…. [keep reading…]

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