Ethics

Join us for the second installment of Insero & Company’s Accounting & Finance Education Series as we take an in-depth look at ethical issues facing accountants and business professionals today. This course satisfies the New York State Professional Ethics requirement for Certified Public Accountants.

CPE Series

When: Tuesday, August 12, 2014, 8am-12pm
Where: Locust Hill Country Club, 2000 Jefferson Road, Pittsford, NY 14534
Cost: $60 per participant ($50 per participant through July 29th with Early Bird Discount)
Presented By: Presented by Heidi Tribunella, MS, CPA and Dr. Thomas Tribunella, CPA

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5th Annual Tax Update

Join us for the latest IRS and NYS initiatives including an update on IRS audit procedures and current audit focus areas, NYS tax reform (estate tax, credits, etc.), and a few topics relevant to businesses operating in other New England states.

CPE Series

Click Here for More Information and Registration

When: Tuesday, June 17, 2014, 8am-10am
Where: Locust Hill Country Club, 2000 Jefferson Road, Pittsford, NY 14534
Cost: $30 per person
Presented By: Presented by Harlan J. Kwiatek, CPA, JD, LLM, Partner – New York, State and Local Tax, McGladrey LLP

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Let Me Pour You a Drink!

2014 Guest Bartender

Really! I’ll be tending bar at The Grill at ONE to benefit the Flower City Habitat for Humanity Women Build on Wednesday, April 30, 2014.

Each year Insero & Company’s employees raise funds and volunteer their time to help build a home for a low-income family right here in Rochester. That’s why I’ve volunteered to step behind the bar and donate all cash tips from 5:30pm to 8:30pm. The event will also feature live music, free parking and drink specials.

I do hope you’ll join me and Team Insero for an evening of fun for a great cause!

Sincerely,
Steve

Who: Steve Mills

When: Wednesday, April 30, 2013, 5:30pm to 8:30pm
(I’ll be behind the bar from 6:30pm to 7:30pm)

Where: The Grill at ONE, 1 Ryan Alley, Rochester, NY 14607 (map)

Women Build Button

Use IRS Adjusted Numbers for 2014 Tax Planning

Certain tax numbers are adjusted by the IRS for inflation each year. Here are some of the 2014 tax numbers you’ll need to use as you get started with this year’s tax planning.

Plan Ahead

  • The standard mileage rate for business driving decreases to 56¢ per mile for 2014. The rate for medical and moving mileage decreases from 24¢ per mile to 23.5¢ per mile. The general rate for charitable driving remains at 14¢ per mile.
  • The maximum earnings subject to social security tax in 2014 increases to $117,000. The earnings limit for those under full retirement age is $15,480. For those at full retirement age, there is no earnings limit.
  • The “nanny tax” threshold increases to $1,900 for 2014. If you pay household workers more than this amount during the year, you’re responsible for payroll taxes.
  • The “kiddie tax” threshold for 2014 remains unchanged at $2,000. If your child under age 19 (under age 24 for students) has more than $2,000 of unearned income this year (e.g., dividends and interest income), the excess could be taxed at your highest rate.
  • The maximum individual retirement account (IRA) contribution you can make in 2014 remains at $5,500 if you’re under age 50 and at $6,500 if you are 50 or older.
  • The maximum amount of wages employees can put into a 401(k) plan remains unchanged at $17,500. The 2014 maximum allowed for SIMPLE plans remains at $12,000. If you are 50 or older, you can contribute up to $23,000 to a 401(k) and $14,500 to a SIMPLE plan.
  • For 2014, the maximum amount that can be contributed to a health savings account (HSA) increases to $3,300 for individuals and $6,550 for families. Those 55 and older can contribute an additional $1,000.
  • The alternative minimum tax exemption for 2014 is $52,800 for singles and $82,100 for couples filing joint returns.

International Banking & Tax Update

Join us for the final installment of Insero & Company’s 2013 CPE Series. The CPE Series provides financial professionals and business owners with relevant, up-to-date information and networking opportunities at an affordable price.

In today’s global economy, many local businesses are beginning to expand beyond our country’s borders. Join us for an International Banking & Tax Update presented by Richard Krucher, CPA of Insero & Company CPAs, P.C. and Grace Jahng of JPMorgan Chase & Co.

Click Here for More Information and Registration

Woman with Globe

When: Wednesday, November 20, 2013, 8am-10am
Where: Locust Hill Country Club, 2000 Jefferson Road, Pittsford, NY 14534
Cost: $30 per person
Presented By: Richard Krucher, CPA, Insero & Company CPAs, P.C. and Grace Jahng, JPMorgan Chase & Co.

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Insero & Company Names New Partners

Insero & Company CPAs, P.C. announced today that Michael J. Catallo, CPA and Jennifer R. Martlew, CPA, CFE have been admitted as partners in the firm.

Michael J. Catallo, CPA and Jennifer R. Martlew, CPA, CFE

Michael J. Catallo, CPA and Jennifer R. Martlew, CPA, CFE

Michael specializes in tax compliance and has been advising corporations, partnerships, individuals, and tax-exempt organizations on tax matters since 1978. He has extensive experience working with closely held businesses in the retail, distribution, manufacturing, construction and service industries. He holds a Bachelor of Science in Accounting from Rochester Institute of Technology and is licensed as a Certified Public Accountant in New York. Michael resides in Webster, NY with his wife, Sandy, and their three children, and has been actively involved with the Greater Rochester YMCA.

Jennifer has been with the firm since 2000 and specializes in accounting and auditing with an emphasis on employee benefit plan audits. She leads the planning and execution of audits for large multi-national clients, as well as many closely held middle market corporations. She has also helped to grow the company’s benefit plan audit practice into one of the 25 largest benefit plan audit practices in the United States. She holds a Bachelor of Science in Accounting from the State University of New York, College at Brockport, and is a Certified Public Accountant and Certified Fraud Examiner. Jennifer resides in Penfield, NY with her son, and has been actively involved with the Susan B. Anthony House.

Rochester-based Insero & Company CPAs, P.C. is one of the largest accounting and business advisory practices serving Western, Upstate and the Southern Tier of New York. A full-service public accounting firm with Tax, Audit and Outsource Accounting practices, Insero & Company specializes in Employee Benefit Plan Audits and Outsourced and Virtual Accounting Services for not-for-profit organizations and companies of all sizes.

Insero & Company Named one of the 2013 Best Accounting Firms to Work for

Insero & Company CPAs, P.C. was recently named one of the 2013 Best Accounting Firms to Work for. This annual list was created by Accounting Today and Best Companies Group to identify, recognize and honor the best places of employment in the accounting industry. The firm ranked 9th in the Mid-Sized Employer category.

BestAcctFirmstoWorkfor2013

Accounting firms from across the country entered the two-part survey process to determine the Best Accounting Firms to Work for. The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies and the final ranking.

Best Companies Group managed the overall registration and survey process, analyzed the data, and determined the final ranking. The list, which consists of 100 firms, will also be published in the December issue of Accounting Today.

For more information on the Best Accounting Firms to Work for program, visit www.BestAccountingFirmstoWorkfor.com.

Rochester-based Insero & Company CPAs, P.C. is one of the largest accounting and business advisory practices serving Western, Upstate and the Southern Tier of New York. A full-service public accounting firm with Tax, Audit and Outsource Accounting practices, Insero & Company specializes in Employee Benefit Plan Audits and Outsourced and Virtual Accounting Services for not-for-profit organizations and companies of all sizes.

Insero & Company Names Michael Marafioti Partner

Insero & Company CPAs, P.C. announced today that Michael D. Marafioti, CPA has been admitted as a partner in the firm. Michael is a member of the Audit and Business Advisory Services Group and has significant experience in the real estate, manufacturing, construction and service industries.

Michael D. Marafioti, CPA

Michael D. Marafioti, CPA

He works with many middle-market companies where he provides entrepreneurs with real time business advice ranging from operations to financing. Michael is also responsible for planning, performing and supervising audits, reviews, compilations and financial consulting engagements aimed at helping companies attain their business goals.

Michael is a graduate of the State University of New York, College at Fredonia and is a Certified Public Accountant in New York State. He is also a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

Michael resides in Fairport, New York with his wife Heidi and their three children. In his free time, he enjoys skiing, golfing and spending time with his family. He serves as treasurer for Fairport Youth Lacrosse and coaches the girls youth teams. He also regularly volunteers for the Young Entrepreneurs Academy.

Rochester-based Insero & Company CPAs, P.C. is one of the largest accounting and business advisory practices serving Western, Upstate and the Southern Tier of New York. A full-service public accounting firm with Tax, Audit and Outsource Accounting practices, Insero & Company specializes in Employee Benefit Plan Audits and Outsourced and Virtual Accounting Services for not-for-profit organizations and companies of all sizes.