1.10.2024 | Issue 138

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.

Year-End Tax Planning!

Tax planning time is winding down! Click the link below for our updated Tax Planning Guide.

Tax Planning Guide

Your Weekly Catch-Up

Court Awards and Out-of-Court Settlements May (or May Not) Be Taxed

Monetary awards and settlements are often provided for an array of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury, discrimination, or harassment. Some of this money is taxed by the federal government, and perhaps by state governments. Hopefully, you’ll never need to know how payments for personal injuries are taxed. But here are the basic rules — just in case you or a loved one does receive an award or settlement and needs to understand them.


The "Nanny Tax" Must Be Paid for Nannies and Other Household Workers

Four Ideas That May Help Reduce Your 2023 Tax Bill


Firm News

Happy Anniversary!

On January 1st, we celebrated Bill Santora’s 41st anniversary and the founding of SCG!

Bill’s expertise and visionary leadership has guided SCG throughout the years, making it one of the premier accounting firms in the area! His work in litigation, business valuations, and taxes has benefitted countless clients throughout the years.

We thank Bill for his commitment to the advancement of SCG!

On January 3rd, we celebrated Joey Meyer’s 2nd anniversary with SCG!

Joey is a Staff Accountant and works in our Tax and A&A Departments. He is currently studying for the CPA Exam.

We thank Joey for his hard work and dedication!

On January 5th, we celebrated Keith Delaney’s 9th anniversary with SCG!

Keith is a Senior A&A Manager, and he performs a variety of A&A and Business Advisory services.

We are very grateful for his dedication and loyalty to SCG!

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