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

The Tax Cuts and Jobs Act may have made the biggest changes to the tax code in the last several decades. While the law is generally known for its reduction of the corporate tax rate, it also provides many small business tax breaks that are worth exploring during tax preparation.

If you are a small business owner interested in investing, you likely have many questions. From initial research to practicing caution, you will benefit from learning these seven basic tips that will help you with portfolio management.

Lately, the IRS has been issuing more penalties for underpayment of estimated taxes. From 2010 to 2015, there was a 40 percent jump in the number of people who paid these fines. As a result, the IRS is urging all taxpayers to educate themselves about estimated tax payments.

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.

In June, the Supreme Court made a major ruling that could significantly change how internet sales tax is calculated. The decision overturned a nearly 30-year precedent that required retailers to collect local taxes only if they had a physical presence in the state where the goods were purchased. The High Court's recent ruling indicates that retailers can now collect taxes in all jurisdictions where they have made qualifying sales.

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.

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.

With the ups and downs of the economy, a cash flow shortage could potentially hit any company. However, these serious problems can be prevented if you learn how to manage small business cash flow.

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.

The deadline for an employee benefit plan to file a Form 5500 is July 31. The Employee Retirement Income Security Act requires that an annual audit of many large benefit plan’s financial statements be conducted by an independent qualified public accountant. If your company sponsors an employee benefit plan, you should be aware of this type of audit process.