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

Tips for Paying Business Taxes for the First Time

Posted by Tom Hallissey on Feb 25, 2020 4:56:10 PM

Paying business taxes for the first time can be an intimidating and arduous process. From choosing a business entity to learning about applicable tax breaks, there’s a lot to digest. To make your tax planning and preparation smoother, Satty, Levine, & Ciacco created a list of tips for new business owners.

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Topics: Business Accounting

An Overview of Business Tax Credits Available in 2020

Posted by Tom Hallissey on Jan 29, 2020 4:25:55 PM

The United States government rewards businesses with tax credits for taking certain actions that help to strengthen the economy, improve people’s lives or even just benefit society at large. Unlike tax deductions, business tax credits cut down the actual amount of your tax bill. Before beginning tax planning and preparation, check to see if you might be eligible to cash in on these options for savings.

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Topics: Business Accounting

Small Business Accounting: Preparing for Tax Season in 2020

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

For small business owners, preparing for tax season is often stressful and time-consuming. With forms to fill out and receipts to track down, there’s a lot to do in a little time. Before tax season starts, pick up a few tips that will help your business file on time.

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Topics: Business Accounting

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

About Our Blog

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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