Firm News

Tax Season Office Hours

Effective, Monday, January 29, 2018  our office hours will be as follows:

Monday through Thursday, 8:00 am - 5:30 pm

Friday  8:00 am - 5:00 pm 

Saturday 8:00 am - 2:00 pm

 

WDR Adds SafeSend

WDR announces a new secure option for sharing information with the firm.  To improve information sharing for our clents, we now offer SafeSend for companies to send us their private information.  When you click the link you wil be promped to enter your name, email address and select a recipient.  You can drag and drop or click the box to browse your computer to add file for transmission.

   Click here to securely send files

Summer Office Hours

Effective, Monday, June 5, 2017 our office hours will be as follows:

Monday through Friday, 8:00 am - 4:30 pm

Please note the offices are closed:

Monday, July 3, 2017 

Tuesday, July 4, 2017

Monday, September 4, 2017



WDR accredited by Better Business Bureau

We are pleased to announce that we met the standards required by the Better Business Bureau of Upstate New York to become a BBB Accredited Business.  The BBB Accredited Business Seal will show we are dedicated to trust and transparency in the marketplace.

BBB Accreditation also means that we adhere to very high ethical standards.  People know they can trust a company that has made the commitment to live up to the BBB Standards for Trust:

Advertise Honestly, Tell the Truth, Be Transparent, Honor Promises, Build Trust, Be Responsive and Embody Integrity.

We are pleased to be affiliated with BBB and show that we are one of a select group of businesses in our community that not only supports BBB's services to the public, but also subscribes to the idea that ethical business is good business and that you "deliver trust" by treating clients in a fair and honest manner.

Whittemore, Dowen, & Ricciardelli  LLP BBB Business Review



Welcome Sheila Bolz and Tammy DeBlois

Whittemore, Dowen & Ricciardelli, LLP is  pleased to announce the addition of two new employees.

Sheila Bolz of Queensbury joins the firm as a staff accountant.  She will provide accounting, tax, bookkeeping, and payroll services to our clients.  Sheila earned her Bachelor of Science degree from Ithaca College in 1986, and brings a wide-range of private sector experience to the team.

Tammy DeBlois of Fort Ann joins the firm as an administrative assistant.  She will be involved in day to day office duties, and provide support to the accounting staff.  Tammy completed her Associates degree in Business Administration at the Community College of Vermont in 2003.

“Both Sheila’s and Tammy’s years in the private sector will enrich our team”, said Karen Carpenter, CPA.  “Private accounting has a subtly different focus and the ability of our staff to understand our clients’ perspective allows us to better serve our clients.”

“We are pleased to welcome Sheila and Tammy to the firm”, added  Phillip K. Whittemore, CPA. “Talented people are critical to the success of any business, and our firm is no exception.  Both Sheila and Tammy bring experience to WDR that will benefit both the firm and our clients.”





Fall Office Hours

Effective, Monday, October 6, 2014  our office hours will be as follows:

Monday through Friday, 8:00 am - 5:00 pm.



NYS Property Tax Freeze Credit

Next month NYS will be issuing Property tax refund checks for those school districts that stayed within the property tax cap. The amount of the refund is suppose to be  the greater of the difference between this years school tax and last years school tax or 1.46% of last year school tax bill.  

For complete information please follow link.

   New York State Department of Taxation and Finance Property Tax Freeze Credit



NYS Announces Family Tax Relief Credit

The family tax relief credit is a $350 payment to certain middle-income New Yorkers.

In the Fall of 2014, the Tax Department will automatically mail checks to eligible taxpayers. If you are eligible for the credit, you do not have to apply. If you think you are eligible, but do not receive a check, you will be able to have your case reviewed.

For complete information please follow link.

   New York State Department of Taxation and Finance Family Tax Relief Credit



Welcome Corey and Lisa!

Whittemore, Dowen & Ricciardelli, LLP announces the addition of two new staff accountants, Corey Jenkins and Lisa A Quaglino. 

Glens Falls native, Corey Jenkins joins the firm after graduating from University at Albany, with a Master of Science in Accounting in 2014.  She was inducted in the Beta Gamma Sigma International Honor Society in 2013 in recognition of her academic achievement. Corey is a member of the firms audit team.   

“Corey’s commitment to academic excellence and her desire to learn are commendable,” said Colin D. Combs, CPA, CFE, “her continually expanding knowledge of public accounting as it relates to our diverse client base make her an asset to the future of WDR.”

Lisa A. Quaglino of Clifton Park joins the firm as a staff accountant.  She will provide accounting, tax, bookkeeping and payroll services to our clients.   Lisa earned dual Bachelor of Science degrees in Accounting and Business Administration from the State University of New York at Plattsburgh in 2012 and is currently pursuing her Master of Science in Accounting at St. Rose.  

“Lisa’s years of experience with QuickBooks  and her drive for excellence will be an asset to our firm,” shared Karen Carpenter, “Her ongoing education in the area of accounting will broaden her expertise and further assist our clientele.”



Congratulations Corey Jenkins and Laura Ladu !

Corey and Laura both completed their Master of Science degrees in Accounting from the University of Albany.  Both were inducted into Beta Gamma Sigma International Honor Society for Academic Acheivement.  Laura was awarded The School of Business's Academic Acheivement Award.



Help keep your NYS Unemployment Rate as low as possible.

NYS has a new Unemployment Insurance web account, “SIDES”, for Employers to use.    Set up your account to respond to UI claims and other notices.  

There are now only 10 calendar days, from the stated mailing date of the notice, for NYS to receive a reply to the Notice of Potential Charges when your former employee files a claim.  If the reply is not received within the 10 day time frame, your information will not be considered and your account will be charged for any UI claim payments made by NYS to that employee.  
Note:  for 2014 – lowest NYS UI rate available is a combined 2.1%, new employer rate remains at a combined 4.1%.

For more information on "SIDES",  NYS Department of Labor 

Sunsetting of QuickBooks 2011

On May 31, 2014, Intuit will officially sunset and no longer support QuickBooks 2011. As such, we will no longer maintain that version of QuickBooks on our system. Please note that any versions of client QuickBook's files that are from QuickBooks 2011 or earlier will be updated to the most recent version of QuickBooks, and that we will no longer be able to provide you with the Accountants' Change File for those clients that prefer to give us Accountants' Copies of their files.

We encourage those that are using QuickBooks 2011 or earlier to update the program. If you have any questions, please contact our office. 

FUTA Credit Reduction Announced

The 2013 FUTA credit reduction rates for Federal Unemployment Taxes have been released.  Employers in New York and 13 other states will owe additional FUTA taxes for the 4th Quarter 2013.  In our area, Connecticut, Ohio and Rhode Island are also affected by this extra cost.  This is not a payroll deduction, it is strictly an employer expense.

The additional rate for New York employers is 0.9% on the first $7,000 of taxable wages earned in 2013.  For each employee that earns $7,000 or more, the additional expense to the employer will be a maximum of $63.00 ($7,000 x .009).  This additional tax is calculated on the annual form 940 and is due by January 31, 2014.  

ATTENTION:  S-Corporations Owners and Bookkeepers

Deducting Health Insurance Premiums for S-corporation owners:

Any S-corporation shareholder that owns more than 2% of the company must add health insurance premiums to their year end wages and their Form W2 (premiums are not subject to Social Security, Medicare or unemployment taxes).  The IRS does not allow the S-corporation to deduct the health insurance premiums for the more than 2% shareholder or their family, but does allow the wages to be deducted on the business return.  The shareholder then is able to deduct the health insurance premiums on their individual income tax return as a self employed health insurance deduction subject to the IRS limitations. This IRS rule also applies to family members (spouse, child, grandchild or parent) that are covered by the S-corporations health insurance plan regardless of whether the family member owns stock.  Remember to add the health insurance premiums to the shareholder’s W2 wages so the premiums can be deducted.

Please call us if you have any questions.

Sales Tax Rates to Change -  December 1, 2013

Effective December 1, the following counties have announced changes to their sales rates:

County

Expiring Rate

New Rate

Essex

7.75%

8%

Hamilton

7% 8%

St. Lawrence

7% 8%

Important Reminder!  

Reregister for the School Tax STAR Exemption by December 31

Don’t forget to register for the STAR exemption by December 31 to continue receiving the basic exemption in 2014. Taxpayers currently receiving the STAR exemption must reapply to continue receiving it.  Registration can be completed online at www.tax.ny.gov then click on “Register for STAR” or by calling the NYS Department of Taxation (518)457-2036.

Pay or Play & National Healthcare Reform 2014 and Beyond

WDR in conjunction with Jaeger & Flynn Associates presented a workshop on May 1st, 2013 about the sections of the 2010 Affordable Care Act (“PPACA”) that will have the most significant effect on businesses.  

IRS Introducing a Simplified Option for Home Office Deduction

The home office deduction rules are among the most complex in the Tax Code and are strictly enforced by the IRS.  On January 15, 2013, the IRS announced a new simplified option (also known as a safe harbor method) to calculate the home office deduction. The simplified option, at this time, is capped at $1,500 per year based on $5 a square foot up to 300 square feet. It is important to weigh the benefits of using the new simplified option against computing the home office deduction under the regular Tax Code rules.    For the entire article   http://www.wdrcpa.com/blog.php/

Important Notice to Employers with Employees who are eligible for Medicare

The Centers for Medicare & Medicaid Services (CMS) may contact you regarding health insurance coverage you may provide employees who are eligible for Medicare. CMS is attempting to determine which plan, Medicare or the employer health plan, is the primary payer of these employees’ health services. The letter requires a mandatory response usually within 30 days. You can get an extension to 60 days.  If you receive the questionnaire and would like our assistance in responding to it, please contact  Karen A. Carpenter, CPA in our office.

Health Care Reform 2.0 – The Road Ahead

The workshop, presented by WDR, on Tuesday, November 13, 2012 was held at The Queensbury Hotel, and featured special guest speaker, Andrew Coccia, with Deloitte Consulting.      

Follow us on LinkedIn

WDR will be posting topics that might be of interest to our clients on LinkedIn.  We invite you to follow WDR.  

Congratulations Diane!!

Diane Varney has completed the Advanced QuickBooks ProAdvisor Certification from Inuit.

Find us on Facebook

We have launched a firm facebook page.   We welcome everyone to like us to receive WDR news on facebook.  

“Living the 50plus Lifestyle” Conference and Expo

Dale Mullin and Jarka Dearstyne will be exhibiting at the “Living the 50plus Lifestyle” Conference and Expo, Friday, September 21, 2012 at the Holiday Inn Express Hotel & Suites in Latham.  This expo is the 1st event for baby boomers focusing on retirement planning, caring for aging parents and much more.  For more information contact Dale or Jarka.   

Sunsetting of QuickBooks 2009

On May 31, 2012, Intuit will officially sunset and no longer support QuickBooks 2009. As such, we will no longer maintain that version of QuickBooks on our system. Please note that any versions of client QuickBook's files that are from QuickBooks 2009 or earlier will be updated to the most recent version of QuickBooks, and that we will no longer be able to provide you with the Accountants' Change File for those clients that prefer to give us Accountants' Copies of their files.

We encourage those that are using QuickBooks 2009 or earlier to update the program. If you have any questions, please contact our office. 

Rotary Club of Glens Falls Honors Donna Farrar

Donna Farrar was presented the Rotary Club of Glens falls, New York’s Charter Day award on April 28, 2011. The Charter Day award was presented in recognition and thanks for Donna’s outstanding and dedicated service and leadership of the Club.

In 1987 Donna along with two other women became the first female members of the Glens Falls Rotary Club. Having served on the Club’s Youth Exchange Committee and Board of Directors, Donna was named the first woman President of the club for the 1995-96 club year.

Donna is active in the Pure Water for the World project, and travelled to Honduras in 2006 to help implement the water filter program there. She is on the steering committee for the club’s sixth annual Water Walk fund-raiser which is May 7th this year in Crandall Park, Glens Falls.

Please join us in congratulating Donna on her award!

Does your Medical Practice Need a Physical?

Bob Ricciardelli, JD, CPA has specialized in assisting health care professionals for over fifteen years. That experience has provided him with key insights into that unique profession, allowing him to identify what can make a medical practice maximize their success. In the February 2010 issue of Success Magazine, Bob provides an overview of some of the practices and procedures that can help a medical practice acheive that goal. The article may be found at:

http://www.successmagazinesltd.com/ in the Contributing Writers section.

Tax Planning With Life Insurance

Dale Mullin, CPA, CFP shares some relevnt tax information about life insurance in the Summer 2010 issue of Success Magazine.  The article may be found at:

http://www.successmagazinesltd.com/ 

Do You Know Who is "Borrowing" From Your Business?

Have you noticed the increased frequency of stories  pertaining to fraudulent activity on your local news broadcast and in your newspaper?  Did you know  that in many cases the employees considered to be most trusted within the organization perpetrate the fraud?  It seems only natural to allow these “trusted employees” to take care of the financial records. In many cases they are good people that fell on hard times and had the capability to “borrow” funds from your organization to help bail them out.  So what turns these seemingly good people into embezzlers?    Read the balance of this article by Colin Combs, CPA and Certified Fraud Examiner, in Success Magazine, April 2010 issue, found at:

http://www.successmagazinesltd.com/

WDR featured in Success Magazine, Ltd.

We are pleased to annouce that we are one of the feature articles in the February 2010 issue of Success Magazine, Ltd.  Phil Whittemore, Paul Dowen, and Bob Ricciardelli were interviewed for the article. Topics discussed include the formation of WDR, our firm philosophy, and what we anticipate in the future for our firm.
The article may be found at:

 

Colin Combs named as Partner

We are pleased to announce that Colin D. Combs, CPA, CFE has been named a partner in the firm. Colin has has been a senior manager in the our accounting and auditing department. His practice specialization is governmental and not-for-profit audits. Colin also heads up the firm’s fraud auditing unit.

Colin joined the firm of Edwards, Williams, McManus & Ricciardelli in June of 2003 which merged with Whittemore, Dowen & Kilburn in April 2006. In 1996, Colin graduated from Adirondack Community College with an AAS degree in Accounting and in 2001 he received his BS degree from Siena College. Colin was licensed as a Certified Public Accountant in August 2005. On March 17, 2008, the Association of Certified Fraud Examiners, the world’s leading provider of anti-fraud training and education, awarded him the globally preferred Certified Fraud Examiner (CFE) designation. Colin is also a Leadership Saratoga Alumni of the class of 2007.

ARCC 2008 Professional Business of the Year Award:

Whittemore, Dowen & Ricciardelli LLP

Commitment to the Region: 
The firm is supportive of local community organizations by providing much time each year for partners and staff to volunteer, fund raise and serve on boards of directors for Crandall Public Library, Rotary, Lions Club, World Awareness Children's Museum, Kiwanis and U.S.A. Dance.

Staying Power:
WDR formed in April 2006 as the result of the merger of two long-standing CPA firms: Edwards, Williams, McManus & Ricciardelli, PC (established 1968); and Whittemore, Dowen & Kilburn, LLP (founded 1994).
Their approach to diversity involves hiring and promoting staff from various backgrounds. They are one of the few, and first, CPA firms in the area to welcome a woman partner in 1979. WDR currently boasts 30 staff, including five partners and 19 CPAs, and 2,000 clients. Future plans call for expanding into Saratoga.

Work Place Innovation:
Staff enjoys flexible work schedules due to their web-based technology. The firm provides all continuing education costs within the accounting profession.
WDR believe strongly in the environment and technology. They recycle and use paperless computer programs for both audits and taxes, plus additional services wherever possible.
Chamber Involvement:
A staff person recently graduated from the Leadership Adirondack Program, and partner Phil Whittemore served on the ARCC Board of Directors and as Treasurer for many years.


Creating Financial Freedom!

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