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

Why now is the Time to Review your Payroll Deductions

Posted by Tom Hallissey on Oct 24, 2018 10:00:00 AM

Can you remember the last time you reviewed your payroll deductions? If you are like many Americans, you may not have updated them in quite a while. Although you might not have had a reason to do so before, a recent change in the tax code actually influences employee withholdings. In fact, the IRS recommends that every working American review their deductions as soon as possible.

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Topics: Insider

5 Tips and Tricks for Building Wealth to Last a Lifetime

Posted by Tom Hallissey on Sep 26, 2018 10:00:00 AM

Building wealth is not only for the wealthy. Anyone can learn how to develop a plan to build a nest egg for retirement. From monitoring daily spending to diversifying investments, these tips and tricks can help you become more financially secure.

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Topics: Insider

Financial Literacy 101: How to Make Sense of Money

Posted by Tom Hallissey on Sep 12, 2018 10:00:00 AM

Financial literacy is a term for the ability to manage your money. It includes learning how to pay bills, borrow money, save responsibly, invest wisely and plan for retirement. Financial literacy is a learned skill, which is not taught in any school.

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Topics: Insider

A Guide to Easily Understanding Credit Scores

Posted by Tom Hallissey on Aug 15, 2018 10:00:00 AM

If you are interested in buying a new car or applying for a mortgage, your credit score could make a big difference in what you are able to borrow and the interest rate available to you. In order to secure the best terms, you will benefit from reading this simple guide to understanding credit scores.

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Topics: Insider

Personal Finance Budgeting Tips for Busy People

Posted by Tom Hallissey on Jun 28, 2018 10:00:00 AM

With everything going on in life, it’s easy to forget about personal finance budgeting. But, even if you work 80 hours a week, many of today’s financial tools leave you with no excuse to avoid money management. In the time it takes to commute to the city, you could easily learn these five financial tricks for busy people.

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Topics: Insider

How to Create a College Education Savings Plan for your Child

Posted by Tom Hallissey on Jun 12, 2018 10:00:00 AM

The cost of college continues to increase. In fact, tuition at private four-year institutions has increased 129 percent in the last 20 years. In order to meet these rising expenses, every parent needs a college education savings strategy. Depending on your income level, there are different savings options you can choose from, such as a 529 College Plan or a Coverdell Education Savings Account.

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Topics: Insider

How to Save for Retirement without Stress and Anxiety

Posted by Tom Hallissey on May 30, 2018 10:00:00 AM

More and more Americans are now working longer into their golden years. In fact, one in five have no retirement savings at all. Unfortunately, too many of these people never learned how to save for retirement.

Don’t make the same mistake. Learn these tips and tricks today.

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Topics: Insider

Estate Tax Returns: Answers to Frequently Asked Questions

Posted by Tom Hallissey on Apr 25, 2018 10:00:00 AM

If you were named the beneficiary of a relative’s will, you probably have a lot of questions about estate taxes. From deadlines to tax rates, these simple explanations will help you navigate a complex situation.

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Topics: Insider

IRS Warns Virtual Currency Transactions must be Reported

Posted by Tom Hallissey on Mar 28, 2018 10:00:00 AM

With tax day just weeks away, the IRS has issued a stern reminder that any income from virtual currency transactions must be reported on your tax return. The government views these types of transactions like any other exchange of property. Taxpayers who do not properly report digital currency transactions could face an audit and be held liable for penalties and interest.

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Topics: Insider, 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: Business Accounting, Insider

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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