Office Announcements
2018 IRA Contribution Limits: IRA contribution limits for 2018 are staying the same but the 401(k) limit is increasing from $18,000 for $18,500, the catch-up of $6,000 will remain the same.

Security Enhancements: As part of our on-going initiative to protect our clients' information, requests for emailed documents will now be sent as encrypted files. The encrypted files will require the recipient to create their own password to access the document.

Financial Services Distribution Request Policy: Distribution requests from retirement/investment accounts submitted via email, or left in a voicemail message, will not be processed without us first speaking with the account owner to confirm that they have authorized the distribution request.

Reminder For Business Clients: Please send your YTD Profit & Loss so that we can help keep your taxes to a minimum!
Payroll Year-End Reminders
NYS Paid Family Leave Goes Into Effect January 1, 2018: Keep a look out for correspondence from us regarding exempt employees and other details regarding this new program.

IRS Notice CP136: You should be receiving IRS Notice CP136 which states your 2018 deposit requirements for form 941. Please forward this notice to your payroll specialist s o that we know what schedule your federal payroll taxes need to be deposited on.

Year End Prep: In preparation for the upcoming 4th quarter and W-2 deadlines, please be sure to send in any year-end pay items to your Payroll Specialist. Items such as:
  • Third Party Sick Pay,
  • Personal Use of Company Car,
  • S-Corp Health,
  • Group Term Life in excess of $50,000
  • Any missing social security numbers for your employees *this is a W2 requirement
Each of these items will need to be reflected on your year-end returns and W-2s. If you have any questions, please reach out to your Payroll Specialist.
2017 Tax Planning
As the year comes to a close, the time is right to review your tax plan.
Think tax planning is not for you?
You may be right. However, if you have experienced a significant life event in 2017 such as a marriage, divorce, new child, or you have had major change in financial compensation, it may be beneficial to review your tax situation.

If you are a business owner, having a tax plan in place can help you to avoid any surprises in the amount of tax owed.
Are you missing opportunities to reduce your taxes? Our team consists of CPAs and financial advisors, working together we can help you to evaluate your current financial situation and identify ways to decrease your current tax year liabilities.

For Individuals:
  • Max out your retirement contributions
  • Contribute to an HSA account
  • Create a plan to take advantage of lower tax rates

For Business Owners:
  • Set up &/or contribute to a retirement plan
  • Purchase equipment to take advantage of Section 179 or bonus depreciation
  • Make minimum quarterly estimated payments to avoid penalties
  • Paying your vendors before year-end

Call our office today to learn more about our tax planning services, or to schedule an appointment (585) 410-6733 ext. 100 or via email at
Medicare Open Enrollment
Medicare Open Enrollment runs from October 15 - December 7. During this time you have the opportunity to reevaluate your Medicare coverage and to make any necessary changes to your plan.

Why is an annual review of your Medicare coverage a necessity?

  • Variations in your health status
  • Doctors may move in, or out, of network
  • Drug formularies change every year
Are you aware that we can help
you with your Medicare coverage?

Together we will explore what coverage solutions most appropriately meet your unique needs. We will also provide you with support and resources so that you can understand the benefits Medicare has to offer, while becoming confident with any decisions you make regarding your coverage.

If you, or someone you know, would like to discuss Medicare coverage reply to this email or contact Christian Nikodem at (585) 410-6733 ext. 132.
Upcoming Important Dates
Reminder: Our offices will be closed November 23 & 24, 2017
in observance of Thanksgiving.

2017 Personal Tax Organizers will be sent out in January 2018.
Please contact our office if you have not received your tax organizer by January 30, 2018.

Filing Deadlines:
  • 01-31-18 - 1099s
  • 03-15-18 - Partnerships & S-Corporations
  • 04-17-18 - Individual & C-Corporations
  • 05-15-18 - Exempt Organizations
HR360 Featured Video
Rewarding Employees For A Job Well Done

HR360 is an interactive online human resource library that gives you access to attorney reviewed HR tools, guidelines, forms, training videos and so much more. 

If you would like information about how you can subscribe to HR360 please contact Teresa Solano at (585) 410-6733 ext. 123 or via email
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Securities offered through Cambridge Investment Research, Inc. a broker-dealer, member FINRA / SIPC , Investment Advisor Representative, Cambridge Investment Research Advisors, Inc. a Registered Investment Adviser. Cambridge does not provide tax services. Accounting, Payroll, Fixed & Health Insurance, and HR Services are offered through Allied Financial Partners. This communication is strictly intended for individuals residing in the states of AZ, CA, CO, FL, IL, KY, MA, MD, NC, NY, PA, TN, VA and WA. No offers may be made or accepted from any resident outside the specific state(s) referenced. Cambridge and Allied Financial Partners are not affiliated.