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

Tax season is among us and just like any other year, it’s important to prepare your information carefully and file as early as possible. The IRS began accepting 2021 tax returns on January 24, 2022, which was two weeks earlier than last year’s filing date.

Tax season can be extremely stressful for business owners. From preparing your tax returns to finding ways to maximize your deductions, the process is extremely overwhelming. The good news is that you can make tax season a little less hectic by hiring a tax professional.

While it may seem hiring a CPA is another business expense to account for, the service is well worth the cost. Filing business taxes on your own is a huge headache, and unless you’re well versed in tax filing, there’s endless room for error.

Here are the many ways that your business can benefit from hiring a CPA this tax season and beyond.

For years, companies didn't pay much attention to their assets and property. It wasn't until recently that lease management has become an essential part of financial reporting and the bottom line. Lease management involves tracking and optimizing all leased assets, including real estate, vehicles, technology, and more.

Whether you own a small business or are self-employed, learning how to manage your books can be extremely daunting. Navigating the world of self-employment and business ownership isn’t easy, especially when you don’t have the funds to hire an accountant to take care of bookkeeping for you.

As you enter your early adult years, one of the most important things you can do is work to manage your money. With early financial planning, your dream of achieving financial security and freedom can become a reality.

Now is the time to build good money habits so your finances are one less thing to worry about. Here are some of the top tips for financial planning in your 20s.

Hiring the right accountant is essential to help take your business to the next level. They do more than just handle tax. Everything from managing financial records and auditing to bookkeeping, payroll, and compliance is dealt with by an accountant. To find one that will save you time and keep you up-to-date, compliant, and financially legal, here are the questions you should ask before you hire an accountant.

There are multiple horror stories surrounding mergers and acquisitions. It’s a risky process that can result in huge losses. Just ask Google and Motorola, Microsoft and Nokia, eBay and Skype, among other failed mergers and acquisitions. Making sure you approach a merger and acquisition with excellent preparation will give you a much better chance to succeed.

If you’re trying to get your finances in order this summer, the first place to start is with your credit score. The higher your score, the easier it is to be approved for new loans, lines of credit, and the lowest available interest rates when you borrow money. Having a low credit rating can be from several things, including high credit card debt and unpaid bills. Use this time to make your finances a priority. Here are some easy and simple ways to improve your credit score.

Business owners are consistently facing many challenges and demands throughout every stage of their company. Most business owners have multiple roles within their company and are known to be skilled multi-taskers. But, sometimes they need outside assistance to thrive. Read on to find out more about how business consulting services can improve your company.

President Trump has signed a massive COVID- relief bill authorizing a second round of government stimulus checks. Read on for more information on what the package incudes, if you qualify for it, and when you should be receiving it.