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Accounting Insights for NYC Business Owners

Practical bookkeeping, tax planning, and payroll guidance for New York City service businesses — built to keep your numbers accurate, your taxes low, and your business growing.

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New York City domicile comparison between an NYC apartment and an upstate New York home

New York City Domicile: The 183-Day Rule Is Only Half the Story

We are expecting to see New York City Domicile come up much more frequently because New York City now has a non-primary residence property…

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Business owner reviewing the 2027 New York ECEP election before the December 1 deadline

New York ECEP: What S-Corp Owners should do by December 1

We love being in New York, but running a business here can be complicated. The New York ECEP is a good example: the election…

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Business owner reviewing whether they can deduct a vacation as a business expense

Can You Deduct a Vacation as a Business Expense?

Can you deduct a vacation as a business expense if you answer a few emails, take a client call, or schedule one business meeting…

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Small business owner reviewing cash flow to avoid a business tax surprise

Business Tax Surprise: Why You Owe Taxes When the Cash Is Gone

A business tax surprise can feel especially frustrating when your company had a good year but there is not much money left in the…

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Small business health insurance options being reviewed by an employer and employees

Small Business Health Insurance Options: Four Ways to Help Your Employees

This is the time of year when many of my clients receive their health insurance renewal notices and are shocked by the proposed increases.…

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Business owner reviewing employer qualified overtime reporting for 2026

“No Tax on Overtime” Creates a New Employer Reporting Responsibility

Your payroll system says an employee received $15,000 in overtime pay. How much belongs in employer qualified overtime reporting for 2026, is it $15,000,…

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Small-business owner reviewing employer qualified tips reporting for 2026

“No Tax on Tips” Creates New Payroll Questions for Employers

If your payroll report says an employee received $12,000 in tips, do you know whether all $12,000 qualifies under the new federal rules? “No…

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NYC home office deduction for a business owner working from a condo or co-op apartment

NYC Home Office Deduction for Condo and Co-op Owners

We love being in New York City, but running a business here can get expensive. That means we want to take advantage of legitimate…

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Parent reviewing Trump Accounts for kids and long-term savings options

Trump Accounts for Kids: What Parents Should Know

If you have children, grandchildren, or employees with children, Trump Accounts for kids are worth putting on your radar. These new accounts are designed…

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