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

5 Things to Know Before Applying for a Business Tax Extension

Posted by Tom Hallissey on Mar 14, 2018 6:00:00 AM

With the tax deadline getting closer and closer, you may not think you will be able to get all your paperwork together in time. But, that’s okay. Almost any company can qualify for a business tax extension just by following a few simple steps.

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Topics: Business Accounting

How to meet the Tax Filing Deadline without Stress

Posted by Tom Hallissey on Feb 27, 2018 10:00:00 AM

Every year, millions of Americans wait until the last-minute to submit their tax returns. As a result, many people undergo unnecessary stress in April. Before the tax filing deadline sneaks up on you again, use these tips to help you submit on time.

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Topics: Tax Season

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

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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