Stacy A. Sand, CPA, PC https://www.sandcpa.com/ Tax & CFO Services Tue, 02 Dec 2025 23:21:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Year-End Greetings and a Special Offer https://www.sandcpa.com/year-end-greetings-2025/ Tue, 02 Dec 2025 22:56:54 +0000 https://www.sandcpa.com/?p=12997 You may be looking forward to some downtime as holidays loom and the year draws to an end. But if you’re in business, this is no time to cruise. Tax season will arrive before you know it. Are you (and your books) ready?

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The feasting is done. So is the Black Friday shopping. The end of 2025 is oh so close.

You may be looking forward to some downtime as holidays loom and the year draws to an end. But if you’re in business, this is no time to cruise. Tax season will arrive before you know it. Are you (and your books) ready?

Stacy Sand, CPA, has just the solution—our expert CFO services. And to help close out 2025 and get 2026 started on the right foot, new clients can get the first month of CFO services free!

What are CFO Services?

Imagine having a team of professionals who handle all the financial services your business needs to thrive. That’s what CFO services provide—an expert back office at the cost of a single bookkeeper.

Our CFO services include:

  • Bookkeeping
  • Accounting
  • Tax preparation
  • Payroll
  • Sales tax services
  • All questions

We also offer IRS and state tax resolution services. If tax authorities come calling, we can deal with them so you don’t have to.

Learn how we can take care of your financials while you take care of business. Contact us.

Year-End Notes

Here are a few items to attend to before the ball drops in Times Square. (Note that this is not intended as specific tax advice. These recommendations may not apply to your individual situation.)

  • Feeling charitable? Make your contributions by December 31st. But with higher standard deduction limits, you may need to be especially generous to exceed the enhanced deduction threshold.
  • New York State has sent “inflation refund” checks to taxpayers who qualify. But as so often happens, the state gives and the feds take away—these payments are considered nontaxable in NY but are taxable federally, so you’ll have to report them on your 2025 returns.
  • Owe state estimated taxes? Consider paying them by year-end to make them deductible on your 2025 return. With the new increased state and local tax deduction (up to $40,000), you may be able to gain a benefit from this.
  • If you are a client, feel free to schedule a short call on my calendar app or shoot me an email to inquire about any tax changes you’re concerned about.
  • If you’re new to my firm, feel free to reach out by scheduling a call or emailing me for more information.

Happy Holidays!

In this season of gratitude, we’re grateful to you for your confidence and business.

Oh, and what about that Special Offer??  You will get $100 off your tax fee for any client you refer and that does business with us!!

All of us at Stacy Sand, CPA, wish you and your families a wonderful holiday season and a prosperous new year. We look forward to serving you now and in 2026!

 

 

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]]> New Tax Laws 2025 https://www.sandcpa.com/new-tax-laws-2025/ Tue, 05 Aug 2025 14:15:26 +0000 https://www.sandcpa.com/?p=12957 Signed in early July 2025, the “One Big Beautiful Bill” updates federal tax laws that apply to many of us. If you normally pay estimated taxes, some of these changes may warrant a recalculation before your next payment. Here’s a high-level overview.

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]]> Signed in early July 2025, the “One Big Beautiful Bill” updates federal tax laws that apply to many of us. If you normally pay estimated taxes, some of these changes may warrant a recalculation before your next payment.

Here’s a high-level overview.

Permanent Changes

Key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) that were due to expire at the end of this year have been made permanent:

  • Tax rates remain at 10-37%
  • No more personal exemptions
  • Nearly all miscellaneous itemized deductions (including tax prep fees—sorry!) are eliminated

Changes for 2025 and Beyond

(Some provisions expire after tax year 2028 as noted.)

Standard Deduction

  • $15,750 for single filers
  • $23,625 for heads of household
  • $31,500 for married couples filing jointly
  • Adjusts for inflation in future years

AMT (Alternative Minimum Tax): Higher exemptions and thresholds apply

Child Tax Credit: $2,200 per child, $1,400 refundable (phases out at higher incomes)

Earned Income Tax Credit: Maximum of $8,046 for households with three or more children

Estate and Gift Tax Exemption: $15 million per person, adjusting for inflation in future years

Personal Vehicle Loan Deduction: Up to $10,000 of interest on new U.S.-assembled personal vehicles (2025-2028)

Other Notable Changes

SALT (State and Local Tax) Deduction: $10,000 cap increases to $40,000 ($20,000 for Married Filing Separately) (2025-2028)

Senior Deduction: $6,000 for each 65+ taxpayer, phasing out starting at $75,000 for single and $150,000 for married filers

Qualified Business Income Deduction: A 20% deduction with higher income thresholds, along with a $400 minimum deduction for active business income

New Deductions for Tipped and Hourly Workers (2025-2028)

  • Up to $25,000 of qualified tips
  • Up to $12,500 ($25,000 joint filers) of qualified overtime
  • Subject to income phaseouts and eligibility rules

Charitable Deductions

  • Non-itemized: $1,000 ($2,000 for joint filers)
  • Itemized: Must exceed 0.5% of AGI (Adjusted Gross Income) and limited to 35% in the top tax bracket. Excess amounts can be carried forward.

Expiring Green Energy Credits

Thinking about an EV or an energy-saving home upgrade? Don’t delay.

  • EV and Clean Vehicle credits end September 30, 2025
  • Residential Clean Energy Credit expires December 31, 2025

Taken together, these changes could very well affect your 2025 tax filing—not to mention tax planning for 2026 and beyond. Contact us to discuss your situation and learn more.

 

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