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

Tom Hallissey

Recent Posts

Modern Ways to Create and Track your Family Budget

Posted by Tom Hallissey on Oct 12, 2017 10:00:00 AM

With jobs, kids and other responsibilities to balance, it’s more important than ever to plan and follow a family budget. Whether your goal is to reduce debt or buy a new car, the heads of your household will benefit from these tips for creating and tracking a joint budget.

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Topics: Insider

Are Long Term or Short Term Investments a Better Choice?

Posted by Tom Hallissey on Sep 27, 2017 10:00:00 AM

It’s a common question that’s not easy to answer. Is it better to focus on long term or short term investments? Since each strategy has its own advantages and disadvantages, the better choice tends to vary according to your unique financial situation.

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Topics: Insider, Business Accounting

Expert Financial Planning Advice for Anyone at Any Age

Posted by Tom Hallissey on Sep 13, 2017 10:00:00 AM

No matter how old you are, everyone has goals they would like to reach one day. Whether your ambition is to buy a new car or travel around the world, expert financial planning advice is what can guide you to grow enough wealth to enjoy the good things in life.

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Topics: Insider

How a Cash Flow Analysis Calculates your Company’s Value

Posted by Tom Hallissey on Aug 24, 2017 10:00:00 AM

A cash flow analysis is a simple examination of your business’ finances that should be performed on a regular basis. This financial planning tool examines the money that comes in and out of your business over a specific period of time. It is a study of how your company generates its revenue, where the money is coming from and how it relates to the overall value of your business.

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Topics: Business Accounting

Real Estate Tax Accountants Play a Key Financial Role

Posted by Tom Hallissey on Aug 10, 2017 10:00:00 AM

If residential or commercial holdings are a significant portion of your financial portfolio, you may have a lot to gain from enlisting the services of a professional real estate tax accountant.

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Topics: Business Accounting

Managerial Accounting Helps Manufacturers Oversee Finances

Posted by Tom Hallissey on Jul 21, 2017 10:00:00 AM

In order to make decisions, manufacturing managers need to be as informed as possible. Managerial accounting services equip managers with the tools they need to evaluate their operations and make necessary adjustments.

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Topics: Business Accounting

Real Estate Tax Deductions put Money Back in Your Pocket

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

Between home improvements and property taxes, the cost of owning residential property quickly adds up. However, homeowners can earn a larger tax refund check with the assistance of several key real estate tax deductions. If you keep meticulous records and itemize your income tax return, you could save thousands of dollars each year.

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Topics: Insider

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.

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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.

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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.

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Topics: Business Accounting