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

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

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

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

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

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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