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.
Changes to Charities and Registrations in Connecticut
The Connecticut Solicitation of Charitable Funds Act requires all organizations that solicit contributions for charitable purposes to register with the Department of Consumer Protection or claim a qualified exemption from filing. There is good news for charitable organizations whose gross income is in excess of $500,000 but less than $1,000,000, whereby these organizations will not be required to have audited […]
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CironeFriedberg Announces Audit Partner Promotion
CironeFriedberg, LLP, is pleased to announce the promotion of Nicholas DaPaz, CPA, to Partner in Charge of Audit services for the Firm. Nick joined CironeFriedberg in 2019 as a Manager and was quickly promoted to Senior Manager before becoming Partner in 2021. Nick has over 20 years of experience providing audit and tax services for employee benefit plans and multistate […]
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CironeFriedberg Announces Tax Partner Promotion
CironeFriedberg, LLP, is pleased to announce the promotion of David C. Moseman, CPA, to Partner in Charge of Tax services for the Firm. David joined CironeFriedberg in 2005. He has nearly 30 years of experience providing tax and consulting services to clients. He specializes in estate and trust taxation, partnership taxation and tax planning for privately held businesses and high-net-worth […]
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CironeFriedberg’s Mark Pires Wins 40 Under Forty Award
(June 14, 2022 – Shelton, Conn.) Mark Pires, CPA and senior manager at CironeFriedberg, LLP, joins the prestigious list of accomplished awardees of the 2023 Fairfield County 40 Under Forty award. The award recipients were announced and celebrated on June 14 at The Point at Norwalk Cove, in Norwalk, Conn. Mark completed his Bachelor of Science in Accounting and Business […]
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Important Tax Deadlines for 2023
Tax deadlines occur throughout the year. Here are a few important deadlines to mark on your calendar. Work with your tax CPA to prepare for each accordingly. Estimated Tax Payments Those who are self-employed or do not have taxes withheld from other sources of taxable income must pay taxes owed by making estimated tax payments. Payment For Income Earned in […]
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Amortizing Research and Experimentation Costs
Beginning in 2022, amendments made by the Tax Cuts and Jobs Act require taxpayers to amortize research and experimentation expenditures (R&E) over five years, or 15 years for foreign expenditures. Prior to 2022, a taxpayer could elect to deduct research and experimental expenses, amortize them over a period of at least 60 months, or capitalize them to the related property. […]
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The New $40 Billion Industry
Wherever one stands on the debate about whether cannabis should be legal, everyone can agree on one thing: cannabis has the potential to become a $40 billion industry that affects a host of industries. According to a market analysis report from Grand View Research, the U.S. cannabis market size was valued at $10.8 billion in 2021 and is expected to […]
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Changes to the Electric Vehicle Tax Credit
Are you eligible for a tax credit for your electric vehicle? You might be if you bought a new, qualified, plug-in electric vehicle (EV) in 2022 or earlier. Changes to the electric vehicle tax credit were made under the Inflation Reduction Act. There are new income limits for taxpayers to obtain the tax credit effective on 1/1/23. Federal adjusted gross […]
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The Importance of Tax Planning
The purpose of tax planning before your fiscal year end is to minimize your tax liability. An experienced tax CPA will scrutinize your revenue, expenses and business processes to ensure that you are taking maximum advantage of all applicable opportunities to minimize your tax liability and take advantage of all tax savings programs. That is why tax planning is as […]
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