Accavallo & Company, LLC

Inflation Increases 2025 Amounts for Health Savings Accounts

The IRS has recently issued the 2025 inflation-adjusted amounts for Health Savings Accounts (HSAs). These annual adjustments, based on inflation, are announced earlier than other inflation-adjusted amounts to give employers adequate time to prepare for the upcoming year. Fundamentals of HSAs At Accavallo & Company, we understand the importance of HSAs in your financial planning. […]

2024 Q3 Tax Calendar: Key Deadlines for Businesses and Employers

As we move into the third quarter of 2024, it’s important for businesses and employers to be aware of key tax-related deadlines. Below is a list of significant dates to keep in mind. Note that this list may not cover all applicable deadlines for your specific situation, so it’s advisable to consult with a tax […]

Boosting Organizational Resilience and Productivity through Cross-Training

Elite athletes train intensively to excel in their specific sport, yet they also engage in cross-training. For instance, a sprinter doesn’t just run; they also lift weights, swim, and cycle. This holistic approach strengthens all major muscle groups, reducing the risk of injury and enhancing performance in their primary discipline. Similarly, cross-training employees in your […]

Four Bookkeeping Pitfalls for Small Businesses to Avoid

Accurate bookkeeping is essential for operating a successful small business. Inadequate bookkeeping practices can lead to significant, long-lasting consequences. Here are four common pitfalls — and how to avoid them with the right knowledge and tools. 1. Commingled Bank Accounts Maintaining a dedicated bank account for business transactions is crucial. Using personal accounts for business […]

Tax Tips for Buying Business Assets: Insights from Accavallo & Company, LLC

After a challenging 2023, merger and acquisition activities across various sectors are seeing a resurgence in 2024. If you’re considering purchasing a business, achieving the best post-tax outcomes is paramount. Generally, you can structure the purchase in two main ways: Buy the assets of the business, or Buy the seller’s entity ownership interest, applicable if […]

Midyear Financial Checkup: Ensuring Your Business’s Financial Health

As we approach the halfway mark of the year, it’s crucial to evaluate your company’s financial health through interim financial reporting. These midyear financial statements provide valuable insights, but it’s important to be aware of their limitations. Unless a CPA prepares them or performs agreed-upon procedures on specific accounts, these reports might not be as […]

Four Cost-Cutting Strategies to Boost Business Profits

Many businesses aim to increase profitability by boosting sales of products and services. However, higher sales volumes don’t always lead to higher net profits, especially if your expense structure is inefficient. This is why it’s essential to focus on expenses as well as sales to improve profitability. Conducting a formal expense review can be a […]

Growing Your Business with a New Partner & Key Tax Considerations

Bringing a new partner into your business is a significant step, and it comes with various financial and legal implications. To illustrate, let’s consider a scenario: you and your partners decide to admit a new partner who will acquire a one-third interest in the partnership through a cash contribution. Assume that your basis in your […]

Navigating Alternative Investments: A Tax-Savvy Approach for Nonprofits

Considering alternative investments for your not-for-profit entails a thorough evaluation of potential risks and rewards, especially in light of their distinct tax implications. While these investments often boast higher long-term performance compared to traditional securities, they present nuanced considerations that demand careful attention. Here’s a comprehensive overview to guide your decision-making process. Complex Valuation Dynamics […]

Navigating Partner Business Expenses: Guidelines and Tax Implications

It’s common for partners to cover expenses related to their partnership’s business operations, particularly in service-oriented partnerships like architecture or law firms. These expenses might include entertaining clients, transportation for meetings, professional publications, continuing education, or home office costs. But how are these expenses treated for tax purposes? Let’s break it down. Reimbursable Expenses: Partners […]

Dual Heading Example

Insert a meaningful line to evaluate the headline.

Sherri Fisher is a Tax Manager at Accavallo & Company, LLC.  Sherri has longstanding expertise in Trust and Estate Taxation, Eldercare, and Estate planning. Sherri appreciates the relationships she has built with estate planning attorneys and advisors, to provide a team approach to assisting her clients. Sherri also has seasoned experience in business and individual taxation and is partial to assisting start-ups in developing overall accounting and operating plans.

Prior to joining Accavallo & Company, LLC, Sherri was a manager in a large firm, servicing high net worth trust clients, business, and personal clients. She was also a Partner in a large bookkeeping firm, which specialized in cloud accounting systems for regional and national companies. Sherri led a team in assisting clients to organize their accounting systems.  She is a graduate of Florida Atlantic University with a B.S. degree in Accounting.    

Sherri’s experience includes working with companies and organizations in a variety of industries including:

  • Investment Trusts

  • DAPT and Family Investment Partnerships

  • Estate and Probate Administration

  • E-Commerce

  • Manufacturing

  • Construction

  • Real Estate Investment

  • Marketing and Service-based industries

In addition to her professional accomplishments, Sherri is an Intuit Advanced Pro Advisor, Intuit Future Firm Advisory Board member, member of the Valley WIN Network, and proudly served as past Connecticut Public School liaison for the Yale Tommy Fund for Childhood Cancer. Sherri enjoys time with her family, Cleveland sports, thrifting and gardening.