Tax season isn’t everyone’s favorite time of the year, but don’t let a new reform overwhelm you. President Trump’s Tax Reform Act was passed on December 22nd, 2017. The Act is designed to cut income tax rates, it doubles the Standard Deduction, and eliminates many personal exemptions. The individual changes became effective January 1st, 2018, […]
5 Qualities You Need if You are Considering Starting a Business
Many people these days decide to start their own business, as it means that they have more freedom and flexibility as well as the chance to make more money. However, it is important for anyone who is thinking about starting a business to possess certain qualities, as otherwise things could quickly slide and this could […]
Top 10 Accounting Tips that every New York Taxpayer Should Know About
Tax time is among us. After a year of income, expenses, the purchasing or selling off of assets, and charitable giving, it’s time to inform the IRS of all the hard work you’ve done to stay on top of it all. Many citizens view tax season as a time for stressing out and getting some […]
Best Practices for Small Business Accounting
Having a successful business comes with accounting for every detail. Failure to see even the smallest thing can result in something bad for your small business. Best practices will help your business in being more productive, as well as improving your experience. With small business accounting is it important that the results of your work […]
5 Managed Services You Should Choose Instead of Hiring In-House
Your small business doesn’t need (and can’t afford) hiring a salaried employee or creating an in-house department for everything. You don’t generate enough work to keep those employees occupied every day, and you shouldn’t pay for something when you don’t need it. Instead, outsource those roles. Managed services take care of the details of that […]
Former Ithaca CPA Gets 97 Months in Prison for Multi-Million Dollar Fraud Scheme
A former CPA from Ithaca, New York has been sentenced to 97 months in prison and has been ordered to pay $8.9 million in restitution for conspiracy to committee wire fraud. Bruce Kane of Fort Lauderdale, Florida plead guilty in June to misappropriating $1.5 million of investor money for his own use. Kane admitted that […]
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