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

When your 401k Withdrawals Won’t End Up in a Penalty

Posted by Nicole Gomes on Oct 21, 2020 3:02:00 PM

Early withdrawals from your 401k funds can result in hefty penalties. Under some circumstances the IRS allows penalty- free withdrawals. Read on to find out more about 401k withdrawals!

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Topics: Business Accounting

Financial Planning Tips to Help You Live Worry-Free!

Posted by Nicole Gomes on Oct 13, 2020 4:57:42 PM

It’s never too early to start preparing for your retirement. Personal financial planning is the first step to help you become financially independent. Read on to find out tips about how to plan for your future.

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Topics: Business Accounting

The Basic Accounting Terms Everyone Should Know

Posted by Caroline Fallon on Sep 23, 2020 10:20:00 AM

Accounting can be a tricky subject to tackle. When it comes to business accounting, regardless if you manage it or outsource it, it’s important to have a basic accounting understanding so you can be best prepared for your company. Once you understand the basic terminology you can better determine whether you need to outsource your accounting or if you can do it yourself.

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Topics: Business Accounting

How to Qualify for an Earned Income Credit

Posted by Jacqueline Rapisardi on Sep 10, 2020 12:57:37 PM

You may have heard about an earned income credit. But what exactly is it? And how do you know if you qualify for it? Read on to find out everything you need to know.

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Topics: Business Accounting

The Differences Between a Tax Credit and a Tax Deduction

Posted by Jacqueline Rapisardi on Aug 24, 2020 12:00:00 PM

If you’ve ever been confused about the difference between a tax credit and a tax deduction, you’re not alone. These are two of the many items listed on your tax returns. Read on to find out the distinctions between the two.

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Topics: Insider

Understanding the Basics of Mergers and Acquisitions for Beginners

Posted by Caroline Fallon on Aug 12, 2020 2:14:00 PM

 

We’ve all heard the term, “mergers and acquisitions” before, but what are they? Well, in simple terms, they are when two companies join together to maximize a shareholder’s wealth. Sounds simple enough, but what’s the actual difference between the two? Read on to find out more!

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Topics: Insider

Itemized vs. Standardized Tax Deductions

Posted by Caroline Fallon on Jul 27, 2020 9:00:00 AM

You may want to lower your taxable income and have heard that claiming either a standard deduction or an itemized deduction could help, but you’re not really sure what those are. While paying your taxes may not be your first choice, they don’t have to break the bank once you start filing for deductions. If you need help understanding what the difference is and want to start lowering your taxable income we can help!

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Topics: Tax Season

Tax Day is Here, Make Sure You’re Ready

Posted by Caroline Fallon on Jul 13, 2020 9:30:00 AM


After the three-month extension, the day is finally here - Tax Day. While coronavirus has turned many things upside down this year, one facet has stayed consistent – taxes must be paid. Don’t let this be another headache for you with the long list of responsibilities that comes along with it. Follow our checklist to successfully conquer this year’s Tax Day.

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Topics: Tax Season

The Answers to Common 2020 Tax Season Questions

Posted by Caroline Fallon on Jun 29, 2020 12:35:13 PM

Coronavirus brought about a lot of new adjustments that both people and companies had to deal with. With tax season coming in the middle of this pandemic, you may have some questions that need answering. We have compiled some of the most frequently asked questions this tax season.

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Topics: Tax Season

The Different Tax Refunds You Can Receive

Posted by Caroline Fallon on Jun 11, 2020 12:30:00 PM

When filing your taxes, there are two separate returns that you need to fill out, federal and state. While this may seem like double the work for you it’s easier when you have everything organized and understand what you’re doing. Your federal and state tax returns are not the same thing, and here is why that is:

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Topics: Tax Season

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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