Sasserath Blog

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The Federal Corporate Transparency Act: What Business Owners Need to Know 

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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 […]

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Sasserath & Co. volunteers with Habitat for Humanity

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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 […]

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Sasserath Client Vicon Machinery Group is Acquired by Lindab International

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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, […]

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Sasserath’s Lynn Montag Highlighted in LIBN’s Who’s Who 2023: Women in Professional Services

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Lynn Montag, CPA, is a partner at Sasserath & Co., a boutique CPA firm with offices in Ronkonkoma and New York City. With more than 25 years of public accounting experience and a focus on tax and accounting issues, Montag is an accounting professional and trusted advisor for business clients, not only handling a large […]

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Corporate Transparency Act

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By Muhammad Nasir The Corporate Transparency Act (CTA) introduces a significant change starting on January 1, 2024. Eligible corporations are now obligated to submit a report known as the Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). The CTA sets forth strict guidelines and exemption criteria that […]

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Tips on Year-End Tax Planning for Small Businesses

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By Christian Crocker With tax season quickly approaching, the time for many businesses to begin their annual tax planning strategies before the end of the tax year has begun. While many businesses may overlook tax planning as a valuable resource to their business, the potential missed savings from failing to plan for upcoming income tax […]

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