Blog

One of the biggest mistakes an Airbnb makes is they don’t report the income at all. You have to report that right amount of gross income for your small business, no matter what your expenses are. In addition some people don’t know which expenses to write off which is why we offer a tax organizer. When clients have […]

Freelancers should be most concerned about not falling behind because it’s not a good feeling come tax season when you have a big bill on your hands. If you keep in touch with us quarterly and make those estimated quarterly payments, it’ll lessen the blow at the end of the year while saving you a little bit over penalties […]

We understand that if you are switching accountants or you’re working with an accountant for the first time, you want to know what to expect. Not only in terms of pricing, but how the process is going to work, how the relationship is going to work. We are happy to offer a pre-30 minute consultation […]

New York state has a great program called the Voluntary Disclosure Program, which basically means if you come to New York  and file your unfiled return or declare your back taxes they’ll usually waive all the penalties. You will still have to pay the interest, but you can get the penalties waived. We’re happy to work with […]

I think one of the biggest fears that prevents people from filing their taxes is they either don’t have the money to pay or they’re in a bad financial situation. It’s important that they know that they still have to file a return in order to avoid late filing penalties. Eventually you can always work out a […]

When it comes to taxes, most people think of April 15th as the most crucial date to know. It’s even marked on most standard U.S. calendars as Tax Day! While this is the date that all taxes are due, there’s also another date to remember. For those who have filed an automatic six-month extension for […]

The best business formation for an internet-based business in New York City is an LLC, like most other businesses. This is true because of the way the city taxes work for C-corps and S-corps. Being an LLC will help you lower your city tax and lower your taxes overall. Let our expert New York City […]

One of the things we’re doing almost everyday is helping people convert from an S corp to an LLC in New York City. A lot of times people follow bad advice from a lawyer or their accountants and set up S corps without evaluating the whole New York City environment. We are able to help business owners […]

We are happy to offer that free 30-minute consultation in order to take a look at all your paperwork, information, financial statements. After the initial meeting we’re able to quote a flat fee for the tax return. Whether it’s corporation, partnership or individual that flat fee will not change. We will stick to it even […]

Try to keep everything in a spreadsheet or document. Keep your documents organized. There are smart scanners that scan in receipts and add them to a spreadsheet – or do it by hand. If you organize every month, or every week, for just a few minutes, it will save you a lot of time and […]