Insights into effective accounting practices.


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Save Money With Year-End Tax Planning

Boost your self-employed income with My Fiscal Office's year-end tax planning.

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Hire businesses instead of people as contractors

Hiring folks on an ad hoc basis might seem convenient, especially because it is less costly as there are no payroll systems, additional taxes like social security, medicare, workers comp, and disability insurances. It's a bit of a headache, especially in the costly realm of New York State.

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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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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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What to do when You Can't Pay Your Taxes

Discover practical solutions for unpaid taxes in our blog, "What to do when You Can't Pay Your Taxes." Learn about IRS programs, including installment agreements and offers in compromise, with real-life client stories. Explore online payment plans and negotiation strategies for a fresh start. Subscribe for free monthly tips and checklists, ensuring financial confidence in the face of tax challenges.

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Making the Most of Your Workspace: A Guide to the Home Office Deduction

Making the Most of Your Workspace: A Guide to the Home Office Deduction

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Navigating Cash Flow Challenges in Your Business: A Practical Approach

Cash flow woes – they can be a real headache, right? Through my years of working with clients, I've noticed that these problems usually boil down to two main issues. Either there's a fundamental flaw in the business model, or it's a matter of timing. Whenever I step in to assist clients, these are the key areas I focus on. And let me tell you, I always keep debt as the last resort.

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Clean Energy Tax Credits

We are already getting a lot of questions about the various energy related tax credits. Below you will find a summary to help you complete your tax portals this year.

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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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