Gursey | Schneider LLP

Giving back during the holidays also a smart financial move. Charitable donations can help you reduce your taxable income while making an impact. Here’s how to give strategically: 🎁 Donate Appreciated Assets: Giving stocks instead of cash can help you avoid capital gains taxes. 🎁 Set Up a Donor-Advised Fund: Lock in deductions this year while distributing donations later. 🎁 Make a Qualified Charitable Distribution (QCD): If you’re over 70½, donating from your IRA can reduce taxable income. 🎁 Document Everything: Ensure you have proper receipts and records for every donation. This year, give generously—and strategically—for maximum impact.

Our Audit department took a much-needed break at Knott’s Farm last week! What’s better than a team-building trip to ride roller coasters and enjoy some fun outside the office? 🎢

The holiday season is one of the busiest times for CPAs and accountants! Why? Many businesses rush to finalize their financial statements and tackle year-end tax planning before the calendar closes. Make sure your finances are on the “nice” list this year—don’t wait until the last minute!

Led by Brian Gray, our Tax and Accounting department donated their time at the 97th Street Early Education Center, prepping 100 Thanksgiving meals which will feed 1000 underserved youth and their families. #ToServe

With the end of the year approaching, it’s time to lock in savings and reduce your taxable income. Small moves now can have a big impact later on. Here’s how to maximize your tax savings: 💰 Contribute to Retirement Accounts: Max out your 401(k) or IRA contributions to lower your taxable income. 💰 Harvest Tax Losses: Sell underperforming investments to offset capital gains and reduce taxes owed. 💰 Prepay Expenses: Pay business costs like rent or services in advance to increase deductions this year. 💰 Leverage Tax Credits: Don’t leave money on the table—review credits like energy efficiency or R&D. Taking these steps before December 31st ensures you’re prepared to save big this tax season.

In a legal dispute, knowing the true value of your business can be a game-changer. Critical factors in valuation include: 📊 Financial Performance Review: Assess revenue and profitability trends. 📊 Market Assessment: Understand market dynamics and competition. 📊 Asset Valuation: Include tangible and intangible assets, like intellectual property. 📊 Legal & Tax Implications: Address ongoing legal issues and tax considerations. Establishing a solid valuation protects your interests and informs smart decisions.

We’re proud to celebrate the successful launch of PuppyWash's fundraising campaign on StartEngine! 🐾 Our Client Accounting Services (CAS) team has been instrumental in supporting PuppyWash with their financials and SEC filings, setting them up for growth and success. Founded by Jasmine Nachtigall-Fournier, PuppyWash is revolutionizing pet care with their innovative Automated Dog Bath, making it easier than ever to keep your dog clean at home or on the go. Our mission at Gursey is to ensure our clients are on the right track for growth and sustainability, whether it’s supporting mergers and acquisitions, or assisting with fundraising efforts, we are committed to guiding our clients through every financial challenge and opportunity. PuppyWash’s fundraising round is now live! Visit the link below to support their mission and help redefine animal care. 🐶 https://lnkd.in/gJNjFVcg

Myth! A high valuation doesn’t guarantee profits. It reflects potential, but cash flow is what drives financial stability and success. At Gursey, our experts look beyond the numbers to provide insights into managing cash flow, optimizing revenue streams, and planning for long-term growth. Because it’s not just about knowing what your business is worth—it’s about making that value work for you. 💡

Divorces are about more than emotions—they’re about financial clarity and fairness. Key aspects to consider include: ⚖️ Lifestyle Analysis: Review past spending habits to assess needs. ⚖️ Property Valuation: Establish accurate values for assets. ⚖️ Income Determination: Evaluate earnings, including business interests. ⚖️ Support Calculations: Ensure fair and reasonable spousal or child support. A thorough financial analysis helps secure stable futures during transitions.

At Gursey Schneider, you're not just part of the team; you're part of the family. With a focus on work-life balance, career growth, and a supportive community, we're redefining what it means to thrive in accounting. Gursey Schneider: we're not your typical accounting firm!