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

Allow A Tax Accountant to Finish Your Taxes

Posted by Caroline Fallon on May 29, 2020 1:51:00 PM

Filing your taxes can be very confusing and complicated to navigate. Now with the coronavirus still around, things can get more complicated. While the tax deadline has been pushed to July 15 to allow citizens more time to file their taxes, you may want to consider hiring a tax accountant. Give yourself one less thing to worry about this tax season and let the experts take over.

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Topics: Tax Season

Why Your IRS Tax Refund May be Delayed

Posted by Caroline Fallon on May 13, 2020 3:18:48 PM

The deadline for filing your taxes may have been pushed back until July 15, 2020, but that doesn’t mean it’s no less important to file them as soon as possible. Due to COVID-19, some things are taking longer to process than normal, so making sure you’re filing your taxes soon will be beneficial to you and your IRS tax refund. 

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Topics: Tax Season

All You Need to Know About the SBA Disaster Loan Program

Posted by Caroline Fallon on Apr 30, 2020 1:30:00 PM

In an effort to provide relief to those affected by the coronavirus, the Small Business Administration (SBA) is accepting applications for Disaster Business Loans. On March 27, 2020 the President signed the CARES Act into law which provides relief funds for both small businesses and American workers. If you are located in a disaster loan region, you are available to sign up for this loan.  

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Topics: Insider

How the Coronavirus is Affecting your Tax Deadline

Posted by Caroline Fallon on Apr 13, 2020 1:00:00 PM

People and businesses all over the country have had to make adjustments to their daily routines due to the coronavirus. The tax deadline date, April 15, is right around the corner, but if you haven’t filed your taxes yet because of everything going on, don’t fret. The Treasury Department has extended the filing date by 90 days in order to give people a little relief from the effects of the coronavirus.

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Topics: Tax Season

Coronavirus Related Tax Credits

Posted by Caroline Fallon on Mar 27, 2020 10:00:00 AM

From full cities to businesses shutting down, the coronavirus has turned the world upside down. Whether you have been infected or not, in some way almost everyone has been feeling the effects of the coronavirus. As of March 20, 2020, the Internal Revenue Service has a new plan regarding paid leave for workers and tax credits for small and midsize businesses.

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Topics: Insider

A Procrastinator’s Guide to Last minute Tax Tips

Posted by Caroline Fallon on Mar 13, 2020 5:00:00 PM

Tax season is here, and it’s time to stop procrastinating. Don’t learn the hard way about not paying your taxes on time. Use these helpful tax tips to figure out how to get through the process in the most efficient way before April 15.  While filing your taxes may be an obtuse activity to do in your free time, it is still extremely important.

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Topics: Tax Season

Tips for Paying Business Taxes for the First Time

Posted by Tom Hallissey on Feb 25, 2020 4:56:10 PM

Paying business taxes for the first time can be an intimidating and arduous process. From choosing a business entity to learning about applicable tax breaks, there’s a lot to digest. To make your tax planning and preparation smoother, Satty, Levine, & Ciacco created a list of tips for new business owners.

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Topics: Business Accounting

New York State Tax Deductions: 4 Things Worth Itemizing

Posted by Tom Hallissey on Feb 14, 2020 3:36:38 PM

During tax planning and preparation, you must first decide whether to take the standard deduction. Even if you elect not to itemize on your Federal return, you should be aware that you can still claim New York State tax deductions for medical expenses, interest and some other personal expenditures.

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Topics: Tax Season

An Overview of Business Tax Credits Available in 2020

Posted by Tom Hallissey on Jan 29, 2020 4:25:55 PM

The United States government rewards businesses with tax credits for taking certain actions that help to strengthen the economy, improve people’s lives or even just benefit society at large. Unlike tax deductions, business tax credits cut down the actual amount of your tax bill. Before beginning tax planning and preparation, check to see if you might be eligible to cash in on these options for savings.

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Topics: Business Accounting

Tax Season 2020: Why it Pays to File Early

Posted by Tom Hallissey on Jan 10, 2020 10:00:00 AM

With tax season 2020 about to begin, it’s time to get those calculators out of the closet. It’s smart to start preparing today, because April 15 will be here before you know it.

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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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