Trusts: What They Are and What They’re Not
At its core, a trust is an estate planning tool, not a tax loophole. It’s a legal arrangement where one person (the trustee) holds…
Find out moreAccounting 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.
Why the new rules on overtime and tips credits don’t help New York business owners
We have been getting a lot of calls from clients asking if we can change there payroll to pay them overtime or tips so…
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Your personal financial plan when running your own business in New York
Running your own business (including 1099 work) introduces different elements that aren’t always easy to factor into your personal financial plan.
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Leasing a Car for Your New York Business: Is It Tax Deductible?
Leasing a car for your business can be a smart move both operationally and financially. By understanding the rules around tax deductions and keeping…
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Reduce your capital gains tax bill when selling your home
If you sold a home, part of your profit could be subject to capital gains taxes.
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Donor-Advised Fund Tax Strategy for Small Business Owners
How small business owners can use a Donor-Advised Fund to reduce taxes in high-income years and donate appreciated assets strategically.
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What Tax Documents You Need This Year
Filing taxes doesn’t have to be stressful! With a little preparation and guidance, gathering your documents can be a much smoother process, having a…
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1099 vs W-2: The IRS Rules That Put Small Businesses at Risk of Costly Audits
Hiring 1099 contractors may seem smart—but misclassification can trigger IRS and NY DOL audits, massive penalties, and payroll tax bills. Learn the risks every…
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Should You File Taxes Jointly or Separately?
Tax season brings plenty of decisions, and if you’re married, one big question might be: Should we file jointly or separately?
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