Insights and News
CironeFriedberg is a leading CPA firm serving middle market, privately held and family owned businesses and high-net-worth individuals. Our experienced staff provides a full range of tax, audit and accounting, and business advisory services in Connecticut and neighboring Dutchess, Putnam, and Westchester counties in New York.
Funding Marital Gift and Credit Shelter Trusts
Baby boomers are inheriting their parents’ wealth, and their children are receiving funds transferred through a variety of trusts established under their parents’ estates. You may find yourself responsible for managing the wealth transfer process. In the past, banks and trust companies were tasked with dealing with estates, but these days, individuals are taking on the jobs of executors and […]
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Home Sellers’ Profit Exclusions Aren’t One-Time Opportunities
The tax code authorizes “exclusions” that allow home sellers to completely sidestep federal and state income taxes on sizable portions of their profits when they unload their principal residences. The profit exclusions are as much as $500,000 for married couples who file joint returns and $250,000 for single filers and couples who file separate returns. So says Julian Block, an attorney and […]
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CironeFriedberg Welcomes New CPA
CironeFriedberg Welcomes New CPA CironeFriedberg, LLP, is pleased to welcome Zev Kizelnik, CPA, to our team as a senior tax manager. In this role, he will manage complex tax engagements for business and individual clients. Kizelnik brings 14 years of tax and accounting experience preparing and reviewing federal and multi-state tax returns for individuals, partnerships, corporations and non-profits as […]
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Advising Business Owners During Volatile Economic Times
The landscape of accounting and taxation has been very dynamic over the past several years. Tax reform, the adoption of digital currency, pandemic-induced debt, supply chain disruptions and workforce changes are layered upon an already complex and regulated industry. The purpose of tax planning before you are in the throes of tax season is to minimize your tax liability. At […]
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Capital Gains Tax Rates
Long-Term Capital Gains Tax Rates Long-term capital gains tax is a tax on gains from the sale of capital assets held for more than a year. The long-term capital gains tax rates are 0%, 15% or 20% depending on a combination of your taxable income and filing status. While the capital gains tax rates did not change for 2022, the […]
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Welcome, Dylan Walker, CPA.
CironeFriedberg Welcomes New CPA CironeFriedberg, LLP, is pleased to welcome Dylan Walker, CPA, to our team in the role of Supervisor managing audit and assurance and client accounting service engagements for business and individual clients. Walker started his accounting career with global accounting firm PwC developing cash flow models utilizing detailed analytics to assess risk for clients. Prior to […]
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Cybersecurity: Essential for All Transactions
Cybersecurity — especially data privacy — is one of the biggest problems facing businesses today. These security problems are compounded because every segment of every industry is affected differently, and each is subject to the risk factors peculiar to that segment. Grouping similar data together based on chosen parameters allows businesses to assess the privacy needs of each data segment […]
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CironeFriedberg Joins Accounting Association, CPAmerica, Inc.
Two new member firms join accounting association, CPAmerica, Inc. RFH, PLLC, headquartered in Lexington, Ky., and CironeFriedberg, LLP, headquartered in Bethel, Conn., have joined CPAmerica, Inc., an accounting association of independent, certified public accounting firms that provides shared best practices, networking opportunities and access to expert resources for member firms. Gainesville, Fla. (October 6, 2022) – RFH, PLLC, headquartered in Lexington, […]
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Case Study: Cash Flow for a Medical Practice
At CironeFriedberg, we have extensive experience advising and working with physicians. We understand the changing landscape of the practice of medicine. Physicians want to provide optimal service to their patients within the context of challenging and declining reimbursements and increased paperwork. Our goal is to provide physicians with timely financial statements, advisory services, and tax information to help them manage […]
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