6.5.2025 | Issue 197

Santora CPA Group's Weekly Newsletter!

You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

Your Weekly Catch-Up

Hiring Independent Contractors? Make Sure You’re Doing it Right


Many businesses turn to independent contractors to help manage costs, especially during times of staffing shortages and inflation. If you’re among them, ensuring these workers are properly classified for federal tax purposes is crucial. Misclassifying employees as independent contractors can result in expensive consequences if the IRS steps in and reclassifies them. It could lead to audits, back taxes, penalties, and even lawsuits.

The Tax Rules for Legal Awards and Settlements: What Recipients Should Know

Construction Industry Advisor - Spring 2025

Firm News

Happy Anniversary!

On June 1st, we celebrated Samantha Finfer's 4th anniversary!


Samantha is a Trust Administrator in our Trust Department, and she serves as the co-chair of DBA’s Women Connect Network Committee.



We thank her for her hard work and dedication!


Happy Retirement!

After an incredible 48-year career in accounting—including 25 years with Santora CPA Group—we are honored to celebrate the retirement of Robert Freed.


To mark this milestone, we hosted a special retirement party for Robert on Thursday, May 28th, at The Quoin in Wilmington. He was surrounded by colleagues, friends, and family, and the evening was filled with heartfelt stories, laughter, and well-deserved appreciation.


Robert has been more than just a trusted advisor—he’s been a mentor, leader, and friend. His dedication, professionalism, and warmth have left a lasting impact on all of us.


Please join us in thanking Robert for his outstanding contributions and in wishing him the very best in his next chapter—he will be missed!

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www.santoracpagroup.com

302.737.6200