In The News

FinCEN Permanently Ends Beneficial Ownership Reporting (BOI) for US Companies and US Persons

On August 14, 2026, the Financial Crimes Enforcement Network (FinCEN) has issued a final rule that permanently removes the requirement that U.S. companies and U.S. persons must report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. The final rule adopts, with limited changes, an interim final rule issued on March 26, 2025, that narrowed the BOI reporting requirements.

 




Piaker & Lyons Gives Back to the Community


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* 2026, 2025, and 2024 Pension Plan Limitations & SS Wage Base

2026, 2025, and 2024 Pension Plan Limitations & Social Security Wage Base


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* Estate & Gift Tax Threshholds

The federal estate top tax rate is 40%.   The Federal estate tax exemption is $15,000,000 for 2026 and $13,990,000 for 2025.  The annual gift exclusion is $19,000 for both 2026 and 2025.

The NYS estate basic exclusion amount is $7,160,00 for deaths in 2025.   The top tax rate is 16%. 

 

 

 

 

 


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* State Unemployment Insurance Taxable Wage Base

 
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Please join us in congratulating Jordan Sladish, CPA on his well-earned promotion to Senior Accountant at Piaker & Lyons!


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Tax Briefing on One Big Beautiful Bill Act signed July 4, 2025

Tax Briefing on One Big Beautiful Bill Act signed July 4, 2025




* Section 179 and Bonus Depreciation

For convenience purposes, we have listed below the current amounts of the Section 179 and bonus depreciation limits.   As with all tax regulations, there are stipulations and exceptions.   Please call us with any planning we can assist you with.
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YMCA Corporate Challenge


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PNL takes part in DRESS in GREEN on March 17th


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* PNL Triennial Peer Review Results

We were notified by the Peer Review Committee Reporting Acceptance Body that our most recent triennial peer review report with a pass rating was accepted.  A "pass" rating is the highest form of rating a CPA firm can receive.
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Consolidated Appropriations Act, 2023 including Secure 2.0 Act of 2022

President Signs Omnibus Bill; Including Secure 2.0 Act of 2022
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The Tax Cuts and Jobs Act


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