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Our offices will be closed
Wednesday, November 11 in honor of Veteran's Day
-and-
Thursday and Friday, November 26 & 27
to enjoy the Thanksgiving holiday.
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1099 Reporting Threshold Changes in 2027
Beginning January 1, 2027, the federal reporting threshold for certain Forms 1099 will increase from $600 to $2,000. This change may reduce reporting requirements for businesses and payers, but other reporting rules may still apply.
Keep Your Information Up to Date
As we head into the final months of the year, please take a moment to make sure the contact and banking information we have on file for you is accurate and up to date.
If you’ve recently changed your address, phone number, email address, or banking information, please let our office know so we can keep your records current and ensure important communications and transactions are handled without delay.
If you’re unsure whether your information is current, please reach out to our office—we’re happy to help.
| | New York Secure Choice Savings Program | | |
New York State’s Secure Choice Savings Program requires certain employers to provide employees access to a state-sponsored retirement savings program. Businesses with 10 or more employees that have been operating for at least two years and do not offer a qualified retirement plan must register by November 18, 2026, or establish their own retirement plan.
Already have a SIMPLE IRA through Allied Financial Services? You’re exempt from this requirement. However, you may register with New York State to stop receiving notifications about the program.
We recommend contacting your payroll provider regarding program setup and associated costs. While Allied cannot assist with Secure Choice enrollment, we’re happy to discuss retirement plan options for your business and employees. Visit https://newyorksecurechoice.com/ for details.
| | Medicare Open Enrollment Season | | |
Changes to Medicare plans are coming—Open Enrollment is your opportunity to make sure you’re in the plan that fits you best.
If you’re on Medicare, you may have recently received a letter saying your current Medicare plan is changing—or in some cases, even going away. That can feel overwhelming, but you don’t have to navigate it alone. Andrea True, our Certified Medicare Agent, is here to walk you through your options and help you find the plan that’s right for you.
Medicare Open Enrollment runs through December 7. To review your options or get guidance, contact Andrea at atrue@alliedfinancialservices.com, 585-410-6733 ext. 103, or click here to schedule an appointment. Appointments are available online, over the phone, or in our Rochester office.
| | NYs Construction Reporting Pay Act | | |
New York State’s new Construction Reporting Pay Act takes effect December 8, 2026, introducing reporting pay and short-notice shift cancellation pay requirements for covered construction employees.
Under the law, covered employees who report to work at their employer’s request or permission generally must receive at least four hours of pay, or their regularly scheduled shift if shorter, at the applicable rate. If a scheduled shift is canceled with less than 12 hours’ notice, covered employees must receive two hours of pay.
What should construction employers do? Review scheduling and cancellation procedures, ensure payroll systems can calculate the required pay correctly, and maintain records of schedules and cancellation notices.
Employers should review the requirements applicable to their workforce, including prevailing-wage projects, and consult with qualified employment counsel regarding specific circumstances.
Click here for details
| | Electronic Document Policy | | |
Keeping Your Information Safe
As technology and cybersecurity risks continue to evolve, we will no longer accept files provided on thumb drives or USB devices. To help protect both our systems and your personal information, we encourage clients to submit tax documents electronically through our secure portal whenever possible. Our portal offers a safe, convenient way to upload documents and access important information. If you need assistance accessing your portal, or if you do not currently have a portal and would like one set up, please contact our office—we’re happy to help.
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As the holiday season approaches, our offices are once again coming together to support the organizations we proudly partnered with last year. These efforts make a real difference in our communities and bring our team closer as we work toward a shared goal of helping others.
If you’d like to join us, we’d love your support! You can call our office to take part in our charitable campaigns or use the links below to donate directly.
So, what will we be doing?
Buffalo
Our Buffalo staff will be raising funds for Amherst Meals on Wheels.
Perry
Employees in the Perry office will be collecting donations for
The Angel Action Division / Community Action for Wyoming County
Rochester
The Rochester office will be participating in the Small Business Council of Rochester Thanksgiving Food Drive.
| | On-Going 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. Sponsorships we will be providing this month include:
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.
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All you need is:
- Taxpayer social security number
- Filing status
- Refund amount
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Visit our websites:
🌐 www.alliedcpa.com – Your go-to destination for tax and accounting needs, including the Safe Send Portal.
🌐 www.alliedfinancialservices.com – Supporting your financial journey with trusted resources and expert insights.
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Connect with us on social media:
We are constantly sharing educational insights, exciting firm updates, and other noteworthy news on our Facebook and LinkedIn pages. Don't miss out—follow us today to stay in the loop!
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Stay Connected with Allied
To make sure you don’t miss a call from us, we suggest adding Allied to your contacts. Many mobile carriers are increasing call screening, which can sometimes filter or silence legitimate calls.
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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.
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Buffalo | (716) 694-0336
Perry | (585) 237-3887
Rochester | (585) 410-6733
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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.
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