2.2.2024 | Issue 141

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.

Important Upcoming Dates

March 15, 2024:

Partnership and S-Corporation

Tax Returns Due

Welcome to Our Team!

We are pleased to announce that Keith Hammond, CPA has joined the firm as a Director!

Keith’s prior experience includes nearly 20 years providing audit, accounting, and consulting services to business, nonprofit, and governmental clients. In addition to a wide array of employee benefit plan clients (such as pension plans, 401(k) plans, ESOPs), he has worked with clients in infrastructure, manufacturing, real estate, and service companies. Over the years, he has helped many clients in consultative functions such as assisting with accounting standards implementations, accounting and forecasting for specific transactions, and serving as interim controller.

Keith is a graduate of the University of Richmond with a Bachelor of Science Degree in Accounting. He is a member of the American Institute and the Delaware Society of Certified Public Accountants and is a former Board member of Goodwill of Delaware and Delaware County.

Welcome Keith! We can't wait to see what the future holds for SCG with Keith on our Director team!

Your Weekly Catch-Up

The Kiddie Tax Could Affect Your Children Until They're Young Adults

The so-called “kiddie tax” can cause some of a child’s unearned income to be taxed at the parent’s higher marginal federal income tax rates instead of at the usually much lower rates that a child would otherwise pay. For purposes of this federal income tax provision, a “child” can be up to 23 years old. So, the kiddie tax can potentially affect young adults as well as kids.


It's Possible (But Not Easy) to Claim a Medical Expense Tax Deduction

The Standard Business Mileage Rate Will Be Going Up Slightly in 2024


Firm News

Happy Anniversary!

On Monday, January 29th, we celebrated Theresa Jones' 25th anniversary!

Her contributions, loyalty, leadership, and expertise have been integral to our journey and the success of SCG.

We celebrated the occasion with "Theresa Jones Day" - a yummy breakfast spread, lunch from Firebirds, and of course, cake!

On January 24th, we celebrated Andrea Mattson's 2nd anniversary with SCG!

Andrea is a member of our Small Business Services Department. She assists our clients with their payroll and bookkeeping.

On January 25th, we celebrated Mandy Calvello's 16th anniversary!

Mandy is a Supervisor in our Tax Department and works with a wide variety of clients.

On January 27th, we celebrated Meghann Felice's 8th anniversary!

Meghann is a Manager in our Audit Department. She works with clients to ensure a successful and painless audit experience.

We are so grateful for all of their hard work and dedication to SCG over the years!

We're Hiring

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