Sasserath & Co. is pleased to announce Tax Supervisor Sean Laurie has been selected by Long Island Business News as an honoree of the 2024 Business & Finance Awards. The Leaders in Business & Finance awards recognizes financial professionals who have made outstanding contributions to their organizations and to the Long Island community during the past year. Laurie […]
By George Batas Mergers and acquisitions (M&A) are complex transactions that can significantly alter the structure and financial health of a company. Whether you are on the buy or sell side of a M&A transaction, the tax implications can have a significant impact on the value of the transaction. Understanding the tax implication of a […]
A new law is impacting New York State employers using 1099s. Here’s what you need to know: The Freelance Isn’t Free Act will require employers to possess signed agreements for any contractor paid $800 or more. This total applies to a single service, or multiple services adding up to $800 over a 120-day period. The […]
As of Jan. 1, 2024, the federal Corporate Transparency Act (CTA) requires almost all business entities to report their “beneficial owners” to the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department. This new law is part of the National Defense Authorization Act and the Anti-Money Laundering Act. Who is a Beneficial Owner? A […]
The team at Sasserath & Co. traded hard numbers for hard hats this week when they volunteered with Habitat for Humanity in Riverhead. The crew was joined by the future homeowner, Amanda, who will be moving into the two-bedroom house with her 13-year-old daughter, Aminah. With help from the Habitat team, they worked on tasks […]
Sasserath & Co. is delighted to announce that our client Vicon Machinery Group, the leading U.S. manufacturer of rectangular ventilation duct machinery, has been acquired by Lindab International, a publicly traded billion-dollar corporation. Vicon is the industry leader in North America for the manufacture of HVAC ductwork machinery. Their office is headquartered in Bohemia, New York, […]