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

A Guide to Easily Understanding Credit Scores

Posted by Tom Hallissey on Aug 15, 2018 10:00:00 AM

If you are interested in buying a new car or applying for a mortgage, your credit score could make a big difference in what you are able to borrow and the interest rate available to you. In order to secure the best terms, you will benefit from reading this simple guide to understanding credit scores.

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Topics: Insider

What is an Employee Benefit Plan Audit, and How does it Work?

Posted by Tom Hallissey on Jul 25, 2018 10:00:00 AM

The deadline for an employee benefit plan to file a Form 5500 is July 31. The Employee Retirement Income Security Act requires that an annual audit of many large benefit plan’s financial statements be conducted by an independent qualified public accountant. If your company sponsors an employee benefit plan, you should be aware of this type of audit process.

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Topics: Business Accounting

How to Recognize (and Avoid) Email Phishing Scams

Posted by Tom Hallissey on Jul 11, 2018 10:00:00 AM

Did you know that on average email phishing scams cost a mid-size company about $1.6 million? Just one wrong link click could be enough to cripple your entire organization. As these serious cyber threats continue to spread, it is more crucial than ever that businesses know how to identify and avoid phishing.

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Topics: Business Accounting

Personal Finance Budgeting Tips for Busy People

Posted by Tom Hallissey on Jun 28, 2018 10:00:00 AM

With everything going on in life, it’s easy to forget about personal finance budgeting. But, even if you work 80 hours a week, many of today’s financial tools leave you with no excuse to avoid money management. In the time it takes to commute to the city, you could easily learn these five financial tricks for busy people.

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Topics: Insider

How to Create a College Education Savings Plan for your Child

Posted by Tom Hallissey on Jun 12, 2018 10:00:00 AM

The cost of college continues to increase. In fact, tuition at private four-year institutions has increased 129 percent in the last 20 years. In order to meet these rising expenses, every parent needs a college education savings strategy. Depending on your income level, there are different savings options you can choose from, such as a 529 College Plan or a Coverdell Education Savings Account.

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Topics: Insider

How to Save for Retirement without Stress and Anxiety

Posted by Tom Hallissey on May 30, 2018 10:00:00 AM

More and more Americans are now working longer into their golden years. In fact, one in five have no retirement savings at all. Unfortunately, too many of these people never learned how to save for retirement.

Don’t make the same mistake. Learn these tips and tricks today.

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Topics: Insider

Small Business Budgeting Tips you can take to the Bank

Posted by Tom Hallissey on May 16, 2018 10:00:00 AM

While the nuts and bolts of business budgeting can be quite simple, there is more to creating one than simply tallying income and expenses. Successful small businesses typically use a budget as a way to manage costs, set financial goals and create a plan to reach them. If your company is small and growing, now might be the right time to revisit your approach to budgeting.

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Topics: Business Accounting

Estate Tax Returns: Answers to Frequently Asked Questions

Posted by Tom Hallissey on Apr 25, 2018 10:00:00 AM

If you were named the beneficiary of a relative’s will, you probably have a lot of questions about estate taxes. From deadlines to tax rates, these simple explanations will help you navigate a complex situation.

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Topics: Insider

What is the Capital Gains Tax, and how does it Work?

Posted by Tom Hallissey on Apr 11, 2018 10:00:00 AM

The capital gains tax often applies to the sale of assets. If you sell something for more than you spent to acquire it, your sale may be considered a capital gain. If so, you may have to pay taxes on the profits.

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Topics: Business Accounting

IRS Warns Virtual Currency Transactions must be Reported

Posted by Tom Hallissey on Mar 28, 2018 10:00:00 AM

With tax day just weeks away, the IRS has issued a stern reminder that any income from virtual currency transactions must be reported on your tax return. The government views these types of transactions like any other exchange of property. Taxpayers who do not properly report digital currency transactions could face an audit and be held liable for penalties and interest.

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Topics: Insider, Tax Season

About Our Blog

Since 1949, S,L&C has provided professional accounting and business advisory services from New York to California. Now, our blog contains some of the latest news, trends and tips to help you prosper financially.  

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