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

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.

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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.

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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.

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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.

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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.

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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. 

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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.

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Topics: Business Accounting, Tax Season

5 Things you Never Knew about Income Tax

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

Everyone knows April 15 is the tax deadline, but do you know the origins of America’s income tax or the length of the tax code? Few people do.

If you are stressed out about tax preparation, take a break to enjoy these interesting facts.

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Topics: Tax Season

Captive Insurance 101: What it is and How it can Benefit You

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

Captive insurance, which dates back to the 1950s, is far from being a household name. But, many groups and associations will attest that it is an effective way to reduce costs, insure difficult risks, increase cash flow and gain other benefits not readily available in traditional coverage.

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Topics: Business Accounting

Small Business Tax Preparation Tips You May Have Missed

Posted by Tom Hallissey on Dec 21, 2016 10:00:00 AM

With so many rules and regulations, small business owners spend a lot of time each year on tax preparation. But, still many feel as though they have left money on the table.

If you are determined to maximize your tax refund this year, try using these quick tax planning tips.

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Topics: Business Accounting