Announcements

Our offices will be closed on Friday, July 4, 2025

to celebrate Independence Day.

Estimated Tax Payments Due June 15

Estimated payments are recommended based on information supplied during the preparation of 2024 tax returns. Accurate 2025 estimated payments are necessary to avoid future interest and penalties.

If you are unsure if you were advised to make estimated payments, please review the filing instructions included with your 2024 tax return or contact our office.

Important Update: IRS to Phase Out Paper Refund Checks

A recent executive order signed on March 25, 2025, directs the U.S. Department of the Treasury to phase out paper check disbursements by September 30, 2025. As a result, the IRS will no longer issue paper checks for tax refunds after that date.

Starting October 1, 2025, tax refunds will be issued primarily through direct deposit. If you or someone you know typically receives a paper refund check, now is a good time to ensure direct deposit information is up to date with the IRS.

New Sales Tax on Short-Term Rentals

Effective March 1, 2025, New York State and local sales tax will apply to short-term rental unit occupancy when the rental rate exceeds $2.00 per unit per day. For full details, visit the NYS Department of Taxation and Finance: Short-Term Rental Sales Tax Information

Webinar: June 10 @ 6:00 PM

Annuities Improve Outcomes

Webinar: July 17 @ 6:00 PM

Social Security & Retirement A Hit or Myth Proposition

Track Your Refund

Waiting for your refund?

Visit the tax center of our website to check the status of your state or federal tax return. 

Community Support at Allied

At Allied, we believe in giving back, and we're proud to make a difference through our ongoing support of local initiatives. Golf is the name of the game for June! Some of the sponsorships we will be providing this month include:

• House of John Golf Tournament
• Palmesano Strong Golf Tournament
• Kiwanis Club of Penfield-Perinton Golf Tournament
• Victor-Farmington Kiwanis Golf Tourney

These contributions are made possible by the trust and support of our clients. Thank you for helping us create a lasting positive impact in the communities we serve. We’re grateful for your partnership, and we look forward to continuing to support initiatives that drive meaningful change.

On May 17th, Allied participated in the United Way Greater Rochester and the Finger Lakes Day of Caring. Our team was assigned to split logs, prep fire pits, and paint cabins at 4H Camp Bristol Hills to help get the grounds ready for summer!

In Memoriam: Norm Peterson / George Wendt

“It’s a dog-eat-dog world, and I’m wearing Milk-Bone underwear.”

Join us in raising a glass to our favorite accountant, Norm Peterson — Cheers’ resident bar philosopher and champion of the extended lunch break. With the passing of George Wendt, we say goodbye to the man behind the stool, but Norm lives on in every number-cruncher who dreams of a corner office… at the bar.

Make a Payment Online

Payments to Allied CPAs, PC can be made online at www.alliedcpa.com. Look for Make A Payment on the top right corner of our website. Allied CPAs accepts Mastercard, VISA and Discover. Please note: Electronic payments cannot be accepted for financial planning or investment services.

Buffalo | (716) 694-0336

Cooperstown | (607) 282-4161

Oneonta | (607) 432-3462

Perry | (585) 237-3887

Rochester | (585) 410-6733

alliedcpa.com

alliedfinancialservices.com

Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products, or services referenced here are independent of Osaic Wealth.

To be eligible for the Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Rochester region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. The Rochester Chamber Top 100 is computed based on revenue growth, taking into account both dollar and percentage growth.

2025 Rochester Democrat and Chronicle Top Workplace is awarded by Energage. The survey participation rate and number of people employed at the time are factors in the rating criteria. No fees were paid for participation; however, promotional items may be purchased by the recipient. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. The Rochester Democrat and Chronicle Top Workplace award should not be construed as an endorsement of the advisor by any client nor are they representative of any one client's evaluation. For more information, please visit https://lnkd.in/eNrf3Umf.

Top Workplaces Award is given based on employee survey results.