Call Us Today: (516) 338-9500

Satty, Levine & Ciacco, CPAs, P.C. Blog

Why many Long Islanders Rely on Year-Round Tax Help

Posted by Tom Hallissey on Jun 15, 2017 10:00:00 AM

The tax services you receive don’t have to end in mid-April. Long Island accounting firms offer many types of tax help that extend above and beyond traditional tax preparation. This growing trend has caught on, because it saves individuals time and money.

Read More

Topics: Insider

The Great Small Business Accounting Debate: Cash or Accrual

Posted by Tom Hallissey on Jun 8, 2017 10:00:00 AM

With tax season behind us, it’s a good time to review how your business maintains its books. The two major methods of small business accounting (cash and accrual) each have specific advantages and disadvantages that could have a financial impact on your company.

Read More

Topics: Business Accounting

IRS Scams Small Businesses can Learn to Avoid

Posted by Tom Hallissey on May 18, 2017 10:00:00 AM

IRS scams can be devastating to your business. Con artists can drain your bank account, steal your identity or worse. Thankfully, these pesky tax scams are also avoidable, if you learn the warning signs and remain vigilant.

Read More

Topics: Business Accounting

How a Financial Planner can Help you Reach all your Goals

Posted by Tom Hallissey on May 11, 2017 10:00:00 AM

Everyone has a bucket list. Whether your goal is a dream vacation or a summer home in the Hamptons, you will probably need financial advice before you get the chance to dip your toes in the ocean. A certified financial planner (CFP) can assist you in making important financial decisions that will help you reach all of your goals.

Read More

Topics: Insider

Retirement Planning Solutions for High-Net-Worth Individuals

Posted by Tom Hallissey on Apr 14, 2017 10:00:00 AM

Since high-net-worth retirement planning can be complicated, you need to develop a strategy that ensures your lifestyle will remain intact long after you stop working.

Read More

Topics: Insider

Expert Tax Accountant Advice for Start-Up Businesses

Posted by Tom Hallissey on Apr 7, 2017 10:00:00 AM

Launching a start-up is like jumping off a cliff. It’s exhilarating and frightening at the same time. Without guidance, it’s easy for things to go wrong financially at your new business. However, if you are determined to reach your lofty goals, our expert tax accountant advice will get your start-up started.

Read More

Topics: Insider

The Gift Tax: Answers to Frequently Asked Questions

Posted by Tom Hallissey on Mar 22, 2017 10:00:00 AM

 

Sometimes, it pays to be generous. If you have given away a large sum of money in the past year, you can use exemptions and exclusions to the gift tax to protect the value of that transfer of wealth.

Read More

Topics: Insider, Tax Season

S Corp Taxes: 5 Mistakes you can’t Afford to Make

Posted by Tom Hallissey on Mar 8, 2017 10:00:00 AM

Although S corporations do not pay corporate income tax, there are still many financial pitfalls you should avoid around tax time. If you can escape making these five S corp taxes mistakes, it could save you money and protect your tax status.

Read More

Topics: Business Accounting

Why a Driver’s License is required to Electronically File your NYS Tax Return

Posted by Tom Hallissey on Feb 23, 2017 10:00:00 AM

This year for the first time, New York State is requiring individual taxpayers to provide a driver’s license or non-driver ID number in order to file their NYS tax return electronically. 

Read More

Topics: Tax Season

The IRS Form 990: What Nonprofits Need to Know

Posted by Tom Hallissey on Feb 8, 2017 10:00:00 AM

Even though they don’t pay direct taxes, the IRS keeps a watchful eye over nonprofits, too. Charities and other similar organizations are required to file a Form 990, which details their financial activities.

Read More

Topics: Business Accounting, Tax Season