Blog

This morning we are headed home after a much needed after tax season vacation; it’s so much easier to pack when all we are adding to our luggage are a few logo tee shirts (heads up NYS they are each under $110 so no additional sales tax is due, but I do check the box each year on my personal tax return to report the recommended sales tax). It’s been…  Read more

Today is a major deadline day, it’s like a perfect storm for me with a sunny afternoon and mild temperature expected later.  I really wanted to stay out on the beach and continue my walk even though it was overcast at 7AM.  Not gonna happen as today is March 15th, the perfect tax season deadline storm of beautiful weather and several major business, fiduciary/trust and partnership tax return, election, estimated…  Read more

Welcome to March and the count down to spring, hard to believe when we were building snowmen ⛄ just last week.  We at A. Parness Company CPA are deep into tax season 2024, with several tax deadlines happening March 15, which when necessary, may be extended until September.  During our exit appointments we get many similar questions, today I am focusing on “working dogs”.  I am picturing farm dogs herding…  Read more

Holiday season is here and going strong with homes lit up inside and out, community sponsored decorations and oh so many “feel good” holiday movies 🎥 and series to watch on our favorite streaming platform.  So many times we say life imitates art and art imitates life, so I thought I would share a holiday happy ending story that began last November… After wadding/scanning through the selection of holiday movies…  Read more

Hanukkah, “The Festival of Lights”; the holiday that commemorates the rededication of the Jewish temple in Jerusalem in the 2nd century BCE started last night: Thursday December 7th.  We know it as the time for Hanukkah traditions like:  lighting the menorah 🕎(adding one candle each night), giving and receiving gifts 🎁including chocolate gelt (chocolate coins) 🪙, playing spinning the dreidel (colorful top) and those delicious latkes (potato pancakes)  and apple sauce. Happy…  Read more

December 1st, how did this happen, I feel like it was just summer a week or two ago and I was working in my garden.  I guess the holiday decorations 🕎🎄that have sprung up this past week are a sure sign that it’s holiday time, even if we here in NYC are experiencing “warm” 37–48-degree weather. It’s winter somewhere, certainly in Michigan where we spent last week.  It is certainly…  Read more

It’s official, LIPA has accepted our application and paperwork, we are now banking our exported KWH.  That means that not only can we “withdraw” KWH when our panels are not producing, we can now report our solar panel project on our 2023 personal income tax return and receive tax credits from the IRS and NYS.  As NYC residents we also qualify for a real estate tax reduction over 4 years. …  Read more

I live and work down the block from the beach so it’s easy for me to become a “tax season hermit” although I get to see some beautiful sunrises I usually wake up in mid-October to the realization that it’s fall and foilage season has begun 🍂 🍁.  Here is the link to the  I💗NY Map to foilage in NYS; thanks to freiends in other places I am able to share…  Read more

Tax season 2023 officially ended on Monday the 16th, so we will be able to relax a little before working through some of those returns that did not make the deadline cut off.  I did take a break over last weekend to take a walk on the beach… Amazing Sunrise on Rockaway Beach this Weekend Reports are in, the stiped bass are running.   This fish is not camera shy, even…  Read more

Any tax deadline time is stressful and demanding for accounting firms and staff, but as we approach our final deadline for the 2023 tax season the stress of completing returns and receiving e-file and other documents can really take a toll.  I am glad to be able to live and work so close to Rockaway Beach, Queens and to be able to take a break or short walk on the…  Read more

After so many days of rain it was wonderful to join with friends in their sukkah last Friday evening for shabbat dinner which coincided with the first night of Sukkot 2023.  It is also pretty cool to be able join in  daily ritual of shaking the lulav and etrog.  The first 2 and last 2 days of the holiday are the most strict, so I waited until yesterday for photos. It was really nice to understand the meaning…  Read more

As our clients plan their summer vacations we get calls about the potential to “write off” some of the costs as a business expense.  Just last week I extended my trip.  When the tax conference I attended in Seattle ended Friday evening, I took advantage of being on the west coast and flew down to San Diego for a visit with my daughter and additional training.   Check out the tax…  Read more

It been another crazy busy summer week starting with a Town Hall panel web presentation on IRS/NYS tax collections mitigation.  Even through we had the framework set from prior presentations a lot of time and energy went into preparing for this one and I love participating. I had a great time yet again presenting with Karen Tenenbaum, esq, CPA, Moshe Zupnick, esq, and Marisa Friedrich, esq, of Tenenbaum Law, P.C.. Town…  Read more

It’s a beautiful day here in Michigan where we are visitng for an extended weekend.  We have great plans for the next few days so this week’s blog will be short and sweet    We arrived late last night; here is my view as I write today’s blog… Sunrise on the lake this moring I am glad we were finally able to visit and not only spend time with our daughter…  Read more

It’s been another crazy, busy week between the holidays and the countdown to the April 18th tax filing deadlines.  I am so glad to have good friends who are the family we choose; who we joined for a seder on the first night of Passover enjoying a night of tradition, laughter and great food, what could be better… From our Passover Seder Dark chocolate fondue with fruit, shmura matzo and afikomen…  Read more

A week of sunrises and a shout out about my pod cast interview with Marielle Segarra and her team who produce Life Kit for NPR.  I love how they were able to take some very complicated issues and create a segment that was so concise and understandable.  Here’s the link to the segment… and now for a week of sunrises, with a sunset and a sunrise omelet substitute tucked in… Red Sky,…  Read more

Today I got up early to run, yes run on the beach for a short stretch, then head home to another fun day in the office at tax deadline crunch time…  Just like yesterday, it is great to be able to do the things I used to do.  So I am picking out what I think are my best shots of the week and sharing them with a huge smile.…  Read more

I am excited to be writing and posting this week from my AirBnB in Brickell Florida, with a beautiful view of the bridge to Key Biscane; I am here for a special family friend’s wedding… Rickenbacker Bridge, Miami, FL My daughter Emily is in the weeding party, she and my son-in law Jeff extened their trip and have been down on the West coast for a few days, thank you Jeff…  Read more

Why not “Lucky Friday the 13th?” I googled and found the association with the belief that there were 13 guests at the last supper.  I also found a reference to the Thirteen Club a supper club which was founded by William Fowler who had many successes and positive associations with the number 13. One of the favorite sayings in our office is “any day I learn something new is a good day” and…  Read more

I hope everyone enjoyed the Hanukkah and Christmas holidays, some of us had some cold stormy weather and others had a white Christmas.  I asked for photos and am happy to share them here.  FYI they come from as far as California and Texas as far south as Georgia and north as Michigan. Hanukkah in NYC Christmas in New Jersey White Christmas in Michigan Christmas in Georgia Christmas in Texas…  Read more