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How can you make sure your business is fully compliant with all the 1099 rules? In this article, I’ll go through: Who is required to receive a 1099?Who is exempt from a 1099?What is the 1099 used for?Why do businesses need to file a 1099?What are the penalties for not...

The PPP loan is one of the most common sources of funding for business owners in New York who have been affected by the COVID-19 pandemic.  Many business owners who applied for the PPP loan are now asking: How can I make sure that my PPP loan is forgiven?How can...

Payroll costs when hiring employees After a business starts succeeding, it’s time for the business to grow and hire more employees. At that point, there’s something every New York City or State business owner gets concerned about:  What are the Typical Payroll...

Best COVID-19 financial help and resources for New York business owners Many businesses in New York City & State have been very negatively affected by the pandemic. Here are the top resources available to help your business sustain itself in this very difficult...

Which tax accounting service is best for your small business in New York? The purpose of hiring an accountant, bookkeeper or a tax planning professional is to: Help you minimize taxesStay legal and compliantTake care of books and records in a way that helps you manage...

Which business entity is best for tax purposes in New York? When forming a company it’s important to choose the right entity for you so that you can pay the least amount of money in taxes each year. In this article, I’ll help you answer: How can I choose the right...

One way business owners can save money in taxes is by having a retirement plan. You may wonder: What is the best retirement plan for a small business owner?How do small business owners retire?How do small business owners invest?How much money can a small business...

Are you a business owner in New York that’s looking to pay less in taxes each year?  In this article, I’m going to share with you 8 top tips small business owners can use to help them save thousands of dollars in taxes each year. Even just a few of these tax...

It may be time to reimagine your New York City business model from working in an NYC brick and mortar office to working out of your home. There are a few significant ways to save money with such a transition.  Save Money on Business Expenses Working Remotely from Home...

Now that the Senate has passed the second stimulus package. As a small business owner in New York City and elsewhere you may be asking what you need to know to benefit from the second stimulus package.  Our small business clients in New York and elsewhere have been...

We’ve all been through a tough time with the pandemic in the past year. Many small businesses have been hit hard with the lockdowns and restrictions put on services, establishments and retail. It’s possible that your company is one of the many struggling to stay in...