Accavallo & Company, LLC

Understanding Financial Statements: A Comprehensive Overview

Financial statements serve as a vital source of information for investors, fostering transparency and accountability within organizations. Beyond their external use, they are essential tools for internal decision-making, helping management shape strategies, learn from past experiences, and create added value. In the realm of U.S. Generally Accepted Accounting Principles (GAAP), comprehensive financial reporting consists of […]

Employee vs. Independent Contractor Classifications

Contractor1099

Employee vs. Independent Contractor Classifications The classification of workers as either employees or independent contractors is a critical issue with far-reaching legal, economic, and social implications. The distinction between employees and contractors has become increasingly significant as the gig economy and remote work arrangements have gained prominence. Factors Influencing Classification The Internal Revenue Service uses […]

Every Nonprofit Needs a Comprehensive Disaster Plan

Non-profit disaster plan

Every Nonprofit Needs a Comprehensive Disaster Plan   Throughout this summer, hardly any region in the United States has been spared from some form of natural disaster or extreme weather. While the recent headlines have been dominated by wildfires, floods, and record-high temperatures, it’s crucial to recognize that nonprofit organizations also need to prepare for […]

The Importance of Accountable Plans for S Corp Owners: Maximizing Tax Advantages

As an S Corporation (S Corp) owner, you play a dual role, being both an employer and an employee of the company. Managing expenses effectively is crucial for optimizing your tax situation and maximizing tax advantages. To effectively gain the tax advantages, we will delve into the concept of accountable plans and explore their significance […]

Business Owners: The Benefits of Outsourcing Bookkeeping and Tax Services

As a business owner, one of the keys to success is being able to focus on the core activities that drive your business forward. However, managing the financial aspects of a company, including bookkeeping, payroll, and tax work can be a time-consuming and complex process. This is where outsourcing to professionals comes into play, providing […]

Unlocking Tax Benefits: IRS R&D Credit for Food and Beverage Manufacturing

Unlocking Tax Benefits: IRS R&D Credit for Food and Beverage Manufacturing In the realm of food and beverage manufacturing, innovation is the key to success. From the creation of new recipes and flavors to the development of safer packaging and adherence to rigorous food safety standards, the industry continuously strives to meet evolving consumer demands. […]

Addressing IRA RMD Requirements Upon Death of an Owner

Addressing IRA RMD Requirements Upon Death of an Owner If an IRA owner who is taking required minimum distributions (RMDs) dies before withdrawing their annual RMD, the RMD remains subject to the same withdrawal rules. This is a daunting prospect for an estate administrator or a beneficiary, as they generally have little time to act […]

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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.