Why Filing a Tax Extension Might Be a Smart Move
Filing taxes can feel overwhelming, especially when life’s twists and turns make it hard to hit the April deadline. Luckily, the IRS offers a…
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.
The IRS Funding Saga: What It Means For You
If you’ve been catching bits and pieces about IRS funding cuts but feel a bit lost in the details, you’re in good company. Let’s…
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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 moreDeducting 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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