Insights into effective accounting practices.


What To Consider When Starting A Business

When starting a business, it is important to ask the right questions up front and to identify issues that are likely to arise.

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Why your Growing Business needs the expertise of an accountant

As your company progresses and expands, relying solely on accounting software might not suffice.

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Virtual Currency and Taxes can be Taxing

Virtual Currency and Taxes can be Taxing

A guide to help our clients understand the tax treatment of virtual currency.

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nyc nys stop paying tax

NYS and NYC wants to make sure you really moved before they let you stop paying taxes

In the last few years, we have had clients think they moved out of NYS or NYC and want to obtain the related tax savings. But the cost, time and effort of the audit was not pleasant.

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Tax Free Income with a Backdoor ROTH IRA

The Roth IRA is a way to earn tax-free income. Using Roth IRA accounts allows you to withdraw your investment gains completely tax-free in retirement.

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R&D Tax Credit

Demystifying the R&D Tax Credit

There have been many updates to the Research and Development (R&D) tax credit. And with that comes more internet articles, more R&D Tax Credit marketing and more just plain wrong Tic-Toc-Tax advice. Our clients are not immune to this noise, so we put together this R&D tax credit post to provide the real information.

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When does a child need to file a return?

Did you know that the IRS treats everyone equally when it comes to taxes, regardless of age? So, if your child is making some cash from their summer gig, crushing it on Roblox, gaining traction on YouTube, or even exploring the stock market with a youth trading account, it’s crucial to keep the taxman informed if they cross certain income thresholds.

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Understanding Gift Taxes: A Simple Guide for Generous Hearts

Understanding Gift Taxes: A Simple Guide for Generous Hearts. Even if you probably will never have to pay gift taxes, it’s worth getting the answer to common questions we get about this widely misunderstood IRS provision.

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Navigating Cash Flow Challenges: Tips for Small-Business Owners

At My Fiscal Office, we've seen many business owners struggle and identified recurring themes that might sound all too familiar.

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