Lancaster Accounting and Tax Services
is dedicated to building meaningful
client relationships by providing quality and cost-effective solutions for accounting and tax services for not for profit organizations and small business.
How We’re Different
With over ten years experience in public accounting, Lancaster Accounting and Tax Services’ Founder, Angela Dussault, CPA strives to build long term relationships with each one of her clients.
Through personalized services tailored for not for profit organizations and small businesses, Angela goes the extra mile to ensure clients are satisfied and on a solid financial footing.
OUR SERVICES
Lancaster Accounting & Tax Service is a member of the American Institute of Certified Public Accountants Government Audit Quality Center, the American Institute of Certified Public Accountants Not-for Profit Section, the American Institute of Certified Public Accountants Tax Section, and the the American Institute of Certified Public Accountants Peer Review program.
Click here to download a copy of the report on the Firm’s System of Quality Control.
Accounting
Small Business Accounting
QuickBooks Services
Sage, Fund EZ, Yardi, and Quicken
Business Consulting
Remote Service Option with Secure File Transfer Available for all Accounting Services
Audit and Attestation
Audit, Review, and Compilation
Single Audit
Yellow Book Audit
Employee Benefit Plan Audits
Revenue Recognition and lease accounting
Remote Service Option with Secure File Transfer Available for all Audit and Attestation Services
Tax Preparation
Business Tax Preparation
Individual Tax Preparation
Tax Consulting
Sales Tax
1099 Preparation
Payroll Tax Returns
Remote Service Option with Secure File Transfer Available for all Tax Services
2023 Tax Season
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Single and Married Filing Separate: $13,850
Married Filing Joint and Qualified Widower: $27,700
Head of Household: $20,800
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Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
67 cents per mile driven for business use,
21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces
14 cents per mile driven in service of charitable organizations
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From September to December 2022, NYS DOL will send DocuSign emails to New Yorkers who will receive 1099-G tax forms for tax year 2022. The DocuSign email will provide information about accessing the 2022 1099-G tax form, which will become available in January 2023.
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New Energy Home Efficient Credit Annual Limitation $1,200 per year, per tax payer
Annual limits for the following improvements: Windows and skylights $600 per year $250 per exterior doors up to $500 total for all exterior doors
$2,000 per year for heat pumps, water heaters, biomass stoves and boilers
Up to $150 credit for a home energy audit
Qualifying energy-efficiency improvements
Residential clean energy tax credit 30% of the costs of new, qualified clean energy property.
Qualified expenses include the following items:
• Solar electric panels
• Solar water heaters
• Fuel cells (limited to $500 per 0.5 kilowatt of capacity)24
• Wind turbines
• Geothermal heat pumps
• Battery storage technology (new for 2023)
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https://www.tax.ny.gov/pdf/publications/sales/pub750.pdf
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https://www.businessexpress.ny.gov/app/answers/cms/a_id/2058/
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Form 1099 NEC is due to the recipient and the IRS by January 31, 2024
Did you pay at least $600 in
1. Services performed by someone who is not your employee?
2. Payments to an attorney?
3. Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish?
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Form 1099 MISC is due to the recipient by January 31, 2024 and February 15, 2024 for attorneys and Substitute dividends and tax-exempt interest payments reportable by brokers
Paper filed Form 1099 MISC is due to the IRS by February 28, 2024
Electronically filed Form 1099 MISC is due to the IRS on March 1, 2024
Did you pay at least $600 in
1. Rents?
2. Prizes and awards?
3. Other income payments?
4. Generally, the cash paid from a notional principal contract to an individual, partnership, or estate?
5. Any fishing boat proceeds?
6. Medical and health care payments?
7. Crop insurance proceeds?
8. Payments to an attorney?
9. Section 409A deferrals?
10. Nonqualified deferred compensation?
Are you ready for the 2023 tax season?
Download your complementary 2023 tax organizer below!
FREQUENTLY ASKED QUESTIONS
Need Help with Filing for the New Beneficial Ownership Information Reporting Requirement?
Please call or submit a form for an appointment.
Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement
Starting January 1, 2024, a significant number of businesses will be required to comply with the Corporate Transparency Act (“CTA). The CTA was enacted into law as part of the National Defense Act for Fiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwise known as “BOI”) of certain entities from people who own or control a company.
Who is a beneficial owner?
Any individual who, directly or indirectly, either exercises “substantial control” over a reporting company, or owns or controls at least 25 percent of the ownership interests of a reporting company
When must companies file?
New entities (created/registered after 12/31/23) — must file within 30 days
Existing entities (created/registered before 1/1/24) — must file by 1/1/25
Risk of non-compliance
Penalties for willfully not complying with the BOI reporting requirement can result in criminal and civil penalties of $500 per day and up to $10,000 with up to two years of jail time.
For more information about the CTA, visit www.aicpa-cima.com/boi.
OUR CLIENTS
Now Accepting New Clients
Need Help with accounting or taxes? Fill out the form to schedule your appointment today or contact us directly at (716) 717-0135 or info@cpanow.net