GENERAL LEDGER

Weekly News From Santora CPA Group

9.19.2025 | Issue 205

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

 
 

Teachers and Others Can Deduct Eligible Educator Expenses This Year - And More Next Year and Beyond

At back-to-school time, much of the focus is on the students returning to the classroom — and on their parents buying them school supplies, backpacks, clothes, etc., for the new school year. But teachers are also buying school supplies for their classrooms. And in many cases, they don’t receive reimbursement. Fortunately, they may be able to deduct some of these expenses on their tax returns. And, beginning next year, eligible educators will have an additional deduction opportunity under the One Big Beautiful Bill Act (OBBBA).

 
 

The QBI Deductions and What's New in the One Big Beautiful Bill Act

Act Soon: The OBBBA Ends Clean Energy Tax Breaks

No Tax on Car Loan Interest Under the New Law? Not Exactly

 
 

Firm News

 
 

Welcome to the Team!

We are pleased to announce that Bryce A. Franklin has joined SCG as a Staff Accountant in its Tax & A&A Departments!


Bryce graduated from the University of Delaware in 2025 with a Bachelor of Science degree in Accounting and a Master’s degree in Business Analytics and Information Management.


Bryce started his career at SCG as a Summer Intern in 2024. He will be providing auditing, accounting, and a variety of tax preparation services to the firm’s clients.


Bryce is currently studying for the CPA exam, and he is a member of the American Institute and the Delaware Society of Certified Public Accountants.


Welcome Bryce!



We are pleased to announce that Vito L. Genovesio has joined SCG’s Trust Services Team as a Trust Associate!


Vito is a 2025 graduate of the University of Delaware with a Bachelor of Science degree in Finance and Financial Planning & Wealth Management with a minor in Trust Management.


Vito started his career at SCG as a Summer Intern in 2024 and officially joined the team full-time in July 2025. He’s currently working toward his financial planning certification and has plans to attend law school part-time in the near future.


Vito provides much needed support to the Trust Services Team.


Welcome Vito!


Happy Anniversary!

On September 14th, we celebrated Kim Hazzard's 5th anniversary with SCG!


Kim is an Administrative Assistant in our Admin Department. She consistently delivers excellent customer service to all of SCG’s clients, as well as her teammates!



We thank her for her continued dedication and hard work!

Giving Generously

On Thursday, August 28th, Mike Marvel and Harry Nardi dropped off SCG’s donation to the ABCares’ Annual Summer Hygiene Drive! The folks at ABC Delaware were thrilled with all of the items we collected!


Mike led this year’s effort by collecting items from their wish list like shampoo, conditioner, toothpaste, soap, razors, toothbrushes, and clothing, and with the money that was donated to the cause (over $470), he shopped for even more things from the list. Our donations will make a real difference for Colonial School District students in need as they head into the new school year.


It’s inspiring to see how much of an impact we can make when each of us contributes just a little.



Like we always say, we have the best, most generous employees around!


 
 

We're Hiring

 
 
 

Helpful Links

 
 
 
 

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www.santoracpagroup.com | 302.737.6200