Is it Time to Change Your Tax Withholding Code?
Every so often, it pays to update your tax withholding code to avoid owing a big tax bill at year’s end. Otherwise, you are essentially loaning the government your hard-earned money at zero interest. Especially if you’ve gotten married or had a baby in the last year,...
Learn to Recognize the 3 Most Common IRS Scams
Around tax season, it’s important for everyone to remain vigilant with protecting personal data because of an increasing number of IRS scams nationally. By learning these warning signs now, you can avoid becoming the next victim. Email Phishing Scam Recently, the IRS...
Keeping Accounting Records for a Small Restaurant
Small restaurants, if they last any length of time, are always super busy preparing and serving meals, pouring drinks and cleaning up the mess. With customers continually coming in and out, a small restaurant owner’s time is at a premium. But when it comes to...
Interest Expense Deductions You May Be Missing
Businesses and individuals begrudgingly pay interest, because it appears little is to be gained. This is not entirely true. Interest expense, in certain cases, is tax-deductible. Shown on an income statement, interest expense is defined as the interest payable on any...
IRS Audit Statute of Limitations: An Explanation
It’s a common misconception that the IRS has the power to audit anything or anyone at any time. By law, the IRS audit statute of limitations expires after three years. However, certain important exceptions you should know about can extend that audit window...
Smart Options for Investing Your Tax Refund for Retirement
After tax day, we are rewarded with the fun task of deciding what to do with our income tax refund. Before buying anything this year, consider some of our smart strategies for investing your tax refund for retirement. Strategies for investing your tax refund for...
How to Use a 1031 Exchange to Help with Your Investment
Are you in the business of buying and selling real estate? Tired of paying out your gains at tax time? Let us introduce you to the 1031 exchange! Usually, when you sell a business or investment property and have a gain, you have to pay a tax on that gain at the time...
5 Ways to Invest a Tax Return for Your Future
Don’t allow your tax refund check to burn a hole in your pocket. Instead, let your money grow. If you receive money back from the government this year, try one or more of our five ways to invest a tax return for your future. Proven ways to invest a tax return for your...
Why a High Tax Refund Doesn’t Payoff
Why put off to tomorrow what you can have today? A high tax refund at year’s end can be a poor choice for many, because inflation devalues a government refund of your own money. Aside from the threat of scams, there are four main reasons to beware of high tax refunds....
401k vs Roth IRA: Which One is Right for You?
As you begin to think about planning for your retirement, you’ll need to choose a retirement vehicle that is right for you. Since there are pros and cons to every savings plan, our chart provides an analysis of 401k vs Roth IRA. A Benefits Analysis of 401k vs Roth IRA...
What is a 401k? And, Why Should I Have One?
When students become young professionals, they soon realize adulthood requires a lot of financial planning. Most are quick to learn about managing their money. But one question stumps many recent grads: what is a 401k? What is a 401k? What is a 401k exactly? Most...
5 Tips to Learn How to Manage Your Money After Graduation
Recent college grads have more on their mind today than ever before. With a tight job market and rising housing costs, the post-college transition can be tough. But, it doesn’t have to be that way. If you learn how to manage your money now, the liberating feeling of...
Paycheck Breakdown 101: A Crash Course for College Grads
On the path to adulthood, the next step for college grads is a full-time job. Since many college grads haven’t yet passed Paycheck Breakdown 101, they may be shocked to learn how quickly their paycheck shrinks before it’s deposited. Your Paycheck Breakdown Explained...
Get In Touch
Have a question? We have the answer. Feel free to contact us using our online form or info below. We'll be in touch as soon as possible.
Office
Suite 500W
Jericho, NY 11753
Call Us
Email Us
Hours
Sat & Sun | Closed