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

Ten years after its release, Bitcoin is still somewhat of a mystery to many. With no bills or even a gold standard, this digital currency operates much differently than the dollar, the yen or the euro. If you are considering investing in Bitcoin or another type of cryptocurrency, first learn the basics about the world’s trendiest monetary system.

For financial reporting purposes, there are two different types of leases: capital and operating. One major difference is that in capital lease accounting the asset is treated like a purchase, giving the lessee the same benefits and drawbacks of ownership. With new guidelines recently taking effect, this type of lease may now apply to many more leasing contracts.

To manage financial risk properly, your business must make astute choices. By knowing when to pick captive insurance companies over traditional insurers, you can gain significant protection, cost savings, potential tax reductions and even wealth preservation opportunities.

Small businesses have two choices when considering how to calculate and track inventory: cost and retail accounting. Although the cost method is more popular today, there are valid arguments for using both types of accounting. Learn more about which method might be the right solution for your company.

Just like making a bed, money management is a basic skill every parent can teach at home. If you haven’t introduced financial concepts to your kids yet, try out these fun strategies for improving financial IQ.

Fraud has emerged as a major financial concern for both businesses and individuals. In fact, 30 percent of American consumers were notified of a data breach in 2018 alone, according to data from the Federal Trade Commission. Avoid becoming the next victim of this troubling trend by learning how to detect fraud and identity theft today.

Choosing an accounting firm is a critical business decision, which requires careful thought. Although some automatically assume big city accountants are better, there are several big reasons why you should consider the accounting firms near me and you.

After filing an extension for taxes, the first thing you should do is take a deep breath. You now have until October 15, 2019 to file your paperwork with the IRS. But don’t get too comfortable, that six months will come and go before you know it. To make sure you don’t miss the next deadline, follow these three tax tips.

Small business valuation is an accounting method that helps a company determine its worth. The valuation is usually conducted before a sale, acquisition or merger. Companies may choose between several different models, but they all achieve the same goal: determining fair value.

Certified Public Accountants (CPAs) are more than professionals who crunch numbers at tax time. CPAs are trusted financial advisors who are held to a high standard of knowledge and ethics. If you are thinking about hiring one, consider these three benefits of the personal service they provide.