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

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

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

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

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

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

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