First hour: Understanding State and Local Taxes (SALT)
Second hour: New City Cafe
The new federal tax bill was advertised as a way to cut taxes for most Americans, but what about SALT? It stands for State and Local Taxes, and it has been a big deduction for many taxpayers. The federal bill has a new cap on the deductions. Experts say it could impact many taxpayers -- not just the wealthiest -- but there are conflicting reports on what is actually going on. Our panel will explain and answer your tax questions. Our guests:
- Kevin Woodworth, CPA and manager at DeJoy, Knauf & Blood, LLP
- Burton Speer, CPA and tax partner at Mengel Metzger Barr
- Sean O'Brien, CPA, MBA, and consultant at Roberts Accounting, CPAS
- Doug Smith, CPA, MBA at Young & Company CPAs LLP
New City Cafe in the Beechwood neighborhood opened in June, and it already has a number of regular customers. The cafe is part of 441 Ministries, a grassroots, faith-based organization based on Parsells Avenue. Its mission is to "re-neighbor" the community through a number of programs, including mentoring opportunities for teenagers. New City Cafe was born from that mission. It employs teens from the neighborhood and provides them with skill-building opportunities. And it just might be the best coffee shop in Rochester. Our guests:
- John Lee, director of New City Cafe
- Chris Holdridge, founder of 441 Ministries
