File your Beneficial Ownership Information Report on time
To avoid criminal & civil penalties, businesses must file a report with the Financial Crimes Enforcement Network (FinCEN)
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.
Deducting Meals and Entertainment
When are meal and entertainment expenses nondeductible, 50% deductible, or 100% deductible?
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My Fiscal Office is Requiring ALL clients to have a IRS Identity Protection (IP) PIN.
In the past, we strongly recommended that clients obtain an IRS Identity Protection (IP) PIN. This year, as part of our mandated Written Information…
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Roth Conversions VS Harvesting Capital Gains
Navigating the opportunities and challenges that come with significant appreciated investments or large pre-tax retirement accounts. While this growth is fantastic, it can bring…
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Are Zombie Expenses Killing Your Bottom Line?
At My Fiscal Office we started using the term “zombie expenses” to refer to those expenses our clients don't realize they are paying month…
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Stupid Tax Tricks
It’s election year, which means we’re seeing a lot of tax proposals. In the current highly charged political environment, it’s important to remain informed…
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4 things you need to know about donations and your taxes
Political Donations: Unfortunately, these aren’t deductible on your taxes. - Tax Deduction Specifics: We’ll go over what’s deductible and what isn’t. - Donations Through…
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Convenience of Employer Rule And Taxes
Remote work has become more popular in recent years. While remote work is nothing new, the rise in the number of people working remotely…
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NY ditches hidden credit card surcharges with updated law
Businesses in New York must clearly state the higher credit card price of an item and limit their surcharge amounts after an updated law…
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