Accavallo & Company, LLC

New FinCEN Rule Eliminates BOI Reporting for U.S. Entities

The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that removes the obligation for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). On February 27, FinCEN announced its intent to release an interim final rule by March 21, 2025, to extend filing deadlines […]

Key Tax Changes for 2025: What You Need to Know

The IRS has released the inflation-adjusted tax brackets, deductions, and contribution limits for 2025. These changes will impact tax planning for the upcoming year—but remember, they do not affect your 2024 tax return. Standard Deduction Increases for 2025 Taxpayers will see a bump in the standard deduction, reducing taxable income: Married Filing Jointly: $30,000 Single […]

What Does Your Accountant Do During Tax Season?

Tax season is a stressful time for both individuals and businesses, but the work behind the scenes is even more demanding. Your accountant is working long hours, often up to 12 hours a day, to ensure that your returns are filed correctly and on time. But what exactly is happening during these long hours? The […]

Connecticut DRS Extends Tax Deadlines to April 15

The Connecticut Department of Revenue Services (DRS) has granted extensions to April 15, 2025, for key pass-through entity tax filings in response to challenges with software availability. The affected forms include: Form CT-PET – Connecticut Pass-Through Entity Tax Return Form CT-1065/CT-1120SI – Connecticut Composite Income Tax Return Form CT-PET EXT – Application for Extension of […]

Nationwide injunction halts BOI filing requirements—here’s what it means for your business.

December 16, 2024 – Accavallo & Company LLC Businesses across the United States received a major update regarding the Beneficial Ownership Information (BOI) filing requirements under the Corporate Transparency Act (CTA). A federal district court has issued a nationwide injunction halting the enforcement of these requirements, citing constitutional concerns. What Does This Mean for Businesses? […]

Update on the Potential Universal Charitable Deduction

During the COVID-19 pandemic, Congress temporarily introduced a provision allowing individual charitable donors who did not itemize federal income tax deductions to deduct up to $300 in contributions for the years 2020 and 2021. This universal charitable deduction significantly motivated many donors who might not have supported charities otherwise. However, this deduction expired at the […]

Visa and Mastercard Settlement: A $5.5 Billion Opportunity for Businesses

A significant class action settlement involving Visa and Mastercard has been finalized, providing an opportunity for businesses affected by excessive swipe fees to receive compensation. This settlement addresses allegations that Visa and Mastercard charged businesses unfairly high fees for credit card transactions over a 15-year period. Key Details of the Settlement Settlement Fund: The total […]

Uncovering Hidden Gems: The Connecticut Angel Investor Tax Credit

In the bustling world of investment opportunities, there’s a gem hidden in plain sight: the Connecticut Angel Investor Tax Credit. This often-overlooked tax credit presents a compelling option for both budding entrepreneurs and seasoned investors alike, akin to the thrill of Shark Tank. If you’re a startup in need of seed capital or an individual […]

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. […]

2023 Tax Filing: Key Changes from the Latest Tax Bill Update

In a significant move aimed at providing much-needed support and relief, the House recently passed the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024). This comprehensive tax bill, totaling approximately $78 billion, encompasses a range of provisions designed to address various aspects of the tax landscape, from enhancing support for families […]

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.