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Topics & tips about accounting, taxes, business, personal finance, and more!
Individual Tax

Find out if you qualify for the 2020 IRS recovery rebate check.

The Senate unanimously passed a $2 trillion dollar stimulus deal also known as the CARES ACT late last night. The highlight of this package deal includes individual rebate checks to many Americans. The biggest questions now are 1. How will it work? and 2. When should I expect to receive my check? How much money

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Corporate Tax

Important changes to your tax filings and payments due to Coronavirus

Extension Date for Tax Filings and Payments On Friday, March 20, 2020, U.S. Secretary of Treasury Steven Mnuchin announced the extension of tax payments to July 15th, 2020. With this postponement, you will not accrue any interest or deal with penalties on tax payments until July 16th. The postponement of payment is up to $1

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Blog

Relief to Business Owners

The State of New York should immediately suspend the sales tax due, March 20, 2020, in order to give business owners, particularly restaurants, bars and those businesses forced to close, via state mandate, immediate relief.  All of us feel terrible for those establishments we’ve done business with for so many years.  They need this relief,

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Individual Tax

Deadline approaching for Self-Employed Retirement Plan Contribution

Simple Contributions Timing “When do I need to make my SIMPLE Retirment Contribution by for 2019”? Salary reduction contributions to a SIMPLE must be made to the financial institution no later than January 30. Benefits “How much can I contribute to my SIMPLE IRA”? A SIMPLE is a good alternative for a self-employed individual as an

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Corporate Tax

New York State just implemented a tax that might put Vape Shops out of business

BACKGROUND: Vapor product manufacturers such as Juul Labs, as well Marlboro maker Altria Group’s Nu Mark have become the hot topic of conversation over the Thanksgiving table due to the increasing nationwide respiratory illness developed by young adults through inhaling a nonflammable liquid and, or gel with or without nicotine that are manufactured into a

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