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

Of course, you don’t have to be a certified public accountant to file an income tax return. But, there are many times when it pays to have a local CPA on your side. Whether you are newly married or just opened a business, you have a lot to gain by hiring an accounting firm.

With April 15 closing in, it’s time to focus on income tax preparation. Even though you have probably done it before, there are a slew of new rules on the books this year. To help guide you through tax season, Satty, Levine & Ciacco has prepared a list of basic tips for personal income tax filers.

With the Tax Cuts and Jobs Act now in full effect, there may be several key changes to your tax return preparation. From new tax brackets to a higher standard deduction, the law may increase or decrease the size of your refund check. With the deadline clock ticking down, it’s not too late to learn everything you need to know about the tax changes for 2019.

Your most important job is balancing the books. The success of your business depends on it. To achieve this crucial goal, every company needs a strategy. Although there are several options available, many business leaders swear by the power of zero based budgeting.

A lot has changed in a year. With new income tax laws fully in effect, 2019 tax refunds are a hot topic of discussion. While some people’s refund checks are expected to increase substantially, others may not be quite so lucky. In fact, experts predict that millions of Americans could be in for a surprise.

Not all financial advisors are held to the same standard. Although many will tell you they know what is right for you, only fiduciary financial advisors are required to act in the best interests of their clients. In certain situations, this type of money manager may be your best option.

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.