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

New 100% Business Depreciation Deduction Finalized

Posted by Tom Hallissey on Nov 7, 2019 4:42:49 PM

The IRS and the Treasury Department have finalized new business depreciation deduction regulations that allow companies to write off most of their depreciable assets in the year that they were used.

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Topics: Business Accounting

Nonprofit Accounting Tips every Agency Should Know

Posted by Tom Hallissey on Oct 10, 2019 10:00:00 AM

Even though an organization doesn’t earn a profit, it is not exempt from financial reporting. 501(c)3s must also submit tax returns and follow IRS rules. From internal polices to tax regulations, these four nonprofit accounting tips will help any agency be better prepared to manage its finances.

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Topics: Insider, Business Accounting

Retail Accounting vs. Cost Accounting: The Pros and Cons

Posted by Tom Hallissey on Aug 14, 2019 10:00:00 AM

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.

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Topics: Business Accounting

3 Small Business Valuation Methods used to Calculate Worth

Posted by Tom Hallissey on May 28, 2019 10:00:00 AM

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.

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Topics: Business Accounting

What is an Internal Audit? And, why is it Necessary?

Posted by Tom Hallissey on Apr 25, 2019 10:00:00 AM

Contrary to popular opinion, an internal audit is not only needed for large, complex corporations. It can be used by many different types of companies to gather information about current operations and the ways in which they can improve.

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Topics: Business Accounting

What is Zero Based Budgeting, and How does it Work?

Posted by Tom Hallissey on Jan 30, 2019 10:00:00 AM

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.

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Topics: Business Accounting

New or Revised Small Business Tax Breaks Available this Year

Posted by Tom Hallissey on Dec 12, 2018 10:00:00 AM

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.

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Topics: Business Accounting

7 Portfolio Management Tips for Small Business Owners

Posted by Tom Hallissey on Nov 28, 2018 10:00:00 AM

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.

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Topics: Business Accounting

Supreme Court Ruling may Alter Internet Sales Tax Collection

Posted by Tom Hallissey on Oct 10, 2018 10:00:00 AM

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.

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Topics: Business Accounting

How to Steadily Increase your Small Business Cash Flow

Posted by Tom Hallissey on Aug 29, 2018 10:00:00 AM

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.

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Topics: Business Accounting

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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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