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As a manager in the tax department, Angela performs tax compliance services for businesses and individuals with specialized knowledge of manufacturing businesses and the nuances of state and local tax (SALT).
Daemen College, Master of Science, Professional Accountancy
Daemen College, Bachelor of Science, Accounting
American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
Lumsden McCormick Making A Difference (MAD), Committee Chair
B Team Buffalo, Board of Directors
Angela enjoys spending time outdoors by gardening, attending Buffalo sporting events, and traveling. She also commits much of her personal time to volunteering in various regards through the Lumsden MAD Committee and B Team Buffalo.
Before the pandemic hit, the number of people engaged in the “gig” or sharing economy was growing and even more people turned to gig work during the pandemic to make up lost income. There are tax consequences for the people who perform these jobs.
Electric plug-in vehicles are growing in popularity, especially in urban areas and for younger drivers. As a bonus, certain vehicles may qualify for a federal income tax credit of up to $7,500 in the tax year they're purchased.
Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2021, compared with 2020, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, allowable business write-off amounts, and more.
Given the proposed tax rate increase to individuals, planning will be the key to mitigate financial stress. Your key takeaways from this one-hour discussion will include planning strategies that you can implement now.
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Planning is key to mitigate the impact of the administration's proposed tax law changes expected for tax year 2021. This one-hour presentation will review the potential changes and the impact to your operations.
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