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

Tom Hallissey

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Professional Advice for how to Maximize Tax Savings

Posted by Tom Hallissey on Feb 13, 2018 10:00:00 AM

Although many Americans simply take the standard deduction, there are many tips and tricks that professional accountants recommend to clients to increase tax savings. From saving for retirement to documenting charitable contributions, these strategies can put more money back in your pocket.

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Topics: Tax Season

How New Legislation Affects the Corporation Tax

Posted by Tom Hallissey on Jan 31, 2018 10:00:00 AM

Late last year, Congress passed the Tax Cuts and Jobs Act to trigger economic growth with changes to the corporation tax. These adjustments to the Federal tax code have the potential to impact businesses of every size. If you own a company on Long Island, you will benefit from getting up to speed on these changes fast.

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Topics: Insider, Business Accounting

2017 Federal Income Tax Brackets: What you need to Know

Posted by Tom Hallissey on Jan 17, 2018 10:00:00 AM

In order to prevent people from being pushed into higher federal income tax brackets because of inflation, the IRS adjusts more than 40 tax provisions every year, including income thresholds, deduction amounts and credit values.

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Topics: Tax Season

5 Tax Questions to Ask Before Hiring an Accountant

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

One of the most important choices your business can make is choosing an accountant. In order to find the right match, you must be prepared. If you are in search of a new accounting firm for tax season, asking these five tax questions will give you the answers you need to make a smart decision.

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Topics: Business Accounting

The Tax Implications of Receiving a Business Line of Credit

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

A business line of credit is one of the best ways to provide a financial lift to your growing company. While it may appear that all you need to do is pay down the principal, this type of loan can also have income tax implications worth considering.

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Topics: Business Accounting

How to Create (and Keep) Financial Management Resolutions

Posted by Tom Hallissey on Nov 28, 2017 10:00:00 AM

With the year winding down, it’s a terrific time to create new personal financial management resolutions. Whether your goal is to buy a new car or take a vacation abroad, the actions you take today can have a big impact on your financial future.

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Topics: Insider

How to Correctly Document your Charitable Contributions

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

The gifts you give to charity this holiday season have the potential to provide tax benefits in April. By following these tips, your charitable contributions can help increase the size of your tax refund check.

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Topics: Tax Season

5 Smart Small Business Financial Management Tips

Posted by Tom Hallissey on Oct 26, 2017 10:00:00 AM

Financial management is a balancing act, especially for new small businesses. From opening bank accounts to balancing the books, there is a lot to learn in a short period of time. However, it is possible to put your business on the path to financial stability if you follow a few simple tips.

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Topics: Business Accounting

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

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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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