Gatto McFerson Certified Public Accountants
Gatto McFerson Certified Public Accountants
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Gatto McFerson has been a pioneer in finance and accounting for over 44 years.

Since 1977, Gatto McFerson has built successful relationships with our clients by offering an unparalleled scope of financial services and guidance to help them navigate the changing dynamic economic environments.

We offer premier financial services, including management advisory support, accounting assistance, tax services, business valuations, and litigation support. Our personalized approach, extensive financial knowledge, and strategic counsel have made us the leading financial services and consulting firm for small businesses.

LATEST NEWS

New Details on Pass-Through Entity Tax

February 22nd, 2022|

As we have mentioned before, several states, including California, have recently enacted legislation that allows S-Corporations and partnerships to pay state income taxes at the business level via their Pass-Through Entity (PTE) tax return. This “work-around” was designed to avoid the current $10,000 limitation on the deductibility of state and local taxes for Federal tax purposes. Here is how it works:

Pass-Through Entity Tax Worksheet

February 22nd, 2022|

Here is an example of a Pass-Through Entity Tax Worksheet for reference, with footnotes for specific line items, to show how these new regulations might effect you.

Update on Pass-Through Entity Tax

December 30th, 2021|

Several states have recently enacted legislation that allows S-Corporations and partnerships to pay state income taxes at the business level via their business tax returns.

CPA - Certified Public Accountant
CFF - Certified in Financial Forensics
ABV - Accredited in Business Valuation
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