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

It’s important to have an understanding of financial literacy, because it will equip you with the knowledge and skills needed to manage money effectively. Read on to find out more about how to become financially literate.

Conducting a proper financial analysis can be beneficial to all business owners no matter the size of the company. This can help determine a company’s performance, growth, and sustainability by reviewing a variety of the its financial reports.

If you’ve ever been confused about the difference between a tax credit and a tax deduction, you’re not alone. These are two of the many items listed on your tax returns. Read on to find out the distinctions between the two.

We’ve all heard the term, “mergers and acquisitions” before, but what are they? Well, in simple terms, they are when two companies join together to maximize a shareholder’s wealth. Sounds simple enough, but what’s the actual difference between the two? Read on to find out more!

In an effort to provide relief to those affected by the coronavirus, the Small Business Administration (SBA) is accepting applications for Disaster Business Loans. On March 27, 2020 the President signed the CARES Act into law which provides relief funds for both small businesses and American workers. If you are located in a disaster loan region, you are available to sign up for this loan.  

From full cities to businesses shutting down, the coronavirus has turned the world upside down. Whether you have been infected or not, in some way almost everyone has been feeling the effects of the coronavirus. As of March 20, 2020, the Internal Revenue Service has a new plan regarding paid leave for workers and tax credits for small and midsize businesses.

Between work responsibilities and family obligations, it’s often tough to find the time to track investments or even follow a monthly budget. To make life easier, many people are now relying on a simple digital solution: money management apps. If you need help with financial planning, consider downloading one of these five apps to your phone.

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.

Ten years after its release, Bitcoin is still somewhat of a mystery to many. With no bills or even a gold standard, this digital currency operates much differently than the dollar, the yen or the euro. If you are considering investing in Bitcoin or another type of cryptocurrency, first learn the basics about the world’s trendiest monetary system.

For financial reporting purposes, there are two different types of leases: capital and operating. One major difference is that in capital lease accounting the asset is treated like a purchase, giving the lessee the same benefits and drawbacks of ownership. With new guidelines recently taking effect, this type of lease may now apply to many more leasing contracts.