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

The Importance of Understanding Financial Literacy

Posted by Nicole Gomes on Dec 17, 2020 12:40:36 PM

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.

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Topics: Insider

The Key Elements of Financial Analysis

Posted by Nicole Gomes on Nov 13, 2020 3:49:29 PM

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.

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Topics: Insider

The Differences Between a Tax Credit and a Tax Deduction

Posted by Jacqueline Rapisardi on Aug 24, 2020 12:00:00 PM

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.

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Topics: Insider

Understanding the Basics of Mergers and Acquisitions for Beginners

Posted by Caroline Fallon on Aug 12, 2020 2:14:00 PM

 

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!

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Topics: Insider

All You Need to Know About the SBA Disaster Loan Program

Posted by Caroline Fallon on Apr 30, 2020 1:30:00 PM

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.  

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Coronavirus Related Tax Credits

Posted by Caroline Fallon on Mar 27, 2020 10:00:00 AM

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.

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Topics: Insider

5 of the Best Money Management Apps Available Right Now

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

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.

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Topics: Insider

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

Baffled by Bitcoin? Try this Basic Guide to Digital Currency

Posted by Tom Hallissey on Sep 20, 2019 10:00:00 AM

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.

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Topics: Insider

What is Capital Lease Accounting, and How does it Work?

Posted by Tom Hallissey on Sep 6, 2019 10:00:00 AM

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.

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Topics: Insider

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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