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Top Tips to Prepare for Tax Season – Accountants in New York

Tax and Financial News for February 2017   Top Tips to Prepare for Tax Season Accountants in New York It’s here again, the most wonderful time of the year – tax season. Uncle Sam is the reason for the season, … Continue reading

Posted in Corporate, Individual |

New Trade Pact Could Impact Your Business

  Tax and Financial News CPA 10023 New Trade Pact Could Impact Your Business   More than five years of contentious negotiations have come to an end, and the Trans-Pacific Partnership is now complete. The TPP is the largest trade … Continue reading

Posted in Corporate, CPA 10107 | Tagged , , , , , , , , |

5 Things a New York City CPA Should Know

5 Things a New York City CPA Should Know About the New Tax Legislation On Jan. 1, Congress passed the American Taxpayer Relief Act of 2012 in an effort to avoid automatic income tax increases for millions of Americans. New York … Continue reading

Posted in Frank's Corner, Individual | Tagged |

Accounting for Consignment Sales

Accounting for Consignment Sales: Manhattan CPA Terms: Consignor: The owner of the item (e.g., painting) to be sold. Consignee: The selling agent (e.g., gallery) who accepts from the consignor the item to be sold. According to accepted accounting and tax … Continue reading

Posted in Frank's Corner, Individual | Tagged , |

Piercing Corporate Veil – CPA New York City

Piercing the Corporate Veil Are your personal assets at risk? Clients incorporate, in part at least, to protect their personal assets in the event their business is sued. However, attorneys who are successful in “piercing the corporate veil” of protection … Continue reading

Posted in Corporate, Frank's Corner | Tagged |

Have You Received An Information Request From NY or NJ ?

Many states are scrutinizing tax returns! — particularly ones with large refunds — and are asking taxpayers for copies of their Form W-2 Wage and Tax statements in order to verify state and local tax withholdings. Employers must submit employee … Continue reading

Posted in Corporate, Frank's Corner | Tagged |

New York CPA says – Beware of fake IRS communications

  New York CPA says – Beware of fake IRS communications According to the IRS you should be aware that each year thousands of taxpayers receive suspicious e-mails, phone calls, faxes, or notices claiming to be from the Internal Revenue … Continue reading

Posted in Corporate, Frank's Corner, Individual | Tagged |

Tax Scam Alert from your new york city accountant for small bussiness

  Tax Scam Alert from your new york city accountant for small bussiness At the end of October. 2013 a client of mine received a telephone call from a person stating that he was an IRS agent and told my client … Continue reading

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2014 Social Security and Medicare taxable wage limits and rates New York City CPA

Social Security and Medicare news from your New York CPA On Oct 30, 2013 the Social Security Administration announced an upward cost of living adjustment for the Social Security taxable wage limit. For calendar year 2014, the amount of earnings … Continue reading

Posted in Corporate, Frank's Corner, Individual | Tagged |

accountingToday Article July 22, 2013

  Former H&R Block Manager Sentenced to Year in Prison for Identity Theft The former manager of an H&R Block outlet has been sentenced to 12 …… http://www.accountingtoday.com/news/Former-HR-Block-Manager-Sentenced-Year-Prison-Identity-Theft-67486-1.html?ET=webcpa:e7438:417396a:&st=email By Michael Cohn of accountingToday

Posted in Frank's Corner |
 
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