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Tag: Edward Torres CPA

January 22, 2026

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What Happens If You Miss a Required Business Filing in New York

Running a business in New York involves more than daily operations and growth. It also comes with ongoing filing requirements that must be met throughout the year. When a required business filing is missed, the consequences can extend beyond a simple late notice. Understanding what typically happens after a missed filing helps business owners respond […]

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January 19, 2026

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Business Accounting Basics Every NY Business Owner Should Understand

Running a business in New York comes with enough challenges without added confusion around accounting. Yet many business owners feel unsure about what they actually need to understand versus what can be handled by a professional. The good news is that mastering a few core accounting basics can make a significant difference in compliance, clarity, […]

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January 16, 2026

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How to Prepare for a CPA Consultation Without Feeling Overwhelmed

Meeting with a CPA for the first time can feel intimidating, especially for individuals who are unsure what to expect or what information to bring. Many taxpayers worry they are unprepared or that their questions are too basic. In reality, a CPA consultation is designed to provide clarity, not judgment. With a bit of preparation […]

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January 14, 2026

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Common Individual Tax Mistakes That Cost NY Taxpayers Money

Many individual taxpayers assume that tax mistakes only happen when income is complicated or finances are disorganized. In reality, even well-prepared taxpayers in New York make common errors that can lead to delays, added stress, or unexpected costs. Understanding where these mistakes usually occur is the first step toward avoiding them. With proper guidance and […]

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December 19, 2025

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Expert Tips and Guidance for Tax Preparation and Planning

Tax season brings stress for many New Yorkers—missing documents, confusing rules, last-minute deadlines, and the constant worry of owing more than expected. Whether you’re a professional, a family managing year-end finances, or a business owner trying to stay compliant, smart tax planning starts long before April. This guide offers clear and practical advice from the […]

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December 15, 2025

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How to Choose a Bookkeeping Firm for Your Business

Selecting the right bookkeeping firm is one of the most important decisions a small business or startup can make. Your financial records shape everything—cash flow, budgeting, payroll, compliance, and long-term strategy. For businesses in Forest Hills, choosing a trusted partner ensures accuracy, organization, and peace of mind throughout the year. Whether you’re a new entrepreneur […]

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December 15, 2025

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Bookkeeping and Payroll Services You Can Trust

Running a business in New York—especially in Forest Hills—means managing fast-moving operations, staying compliant with local tax regulations, and keeping your financial records organized. For startups and small businesses, reliable bookkeeping and payroll services aren’t just helpful—they’re essential. With the right systems in place, business owners can maintain accurate books, avoid costly errors, and confidently […]

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Key Tax Changes for Individuals, Families.
December 11, 2025

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Key Tax Changes for Individuals, Families, and Business Owners in OBBBA

In July 2025, a major piece of new tax legislation called the One Big Beautiful Bill Act was signed into law. Here are some key changes that could affect you, your family, and your business. The legislation makes permanent many tax changes that were introduced in 2017 but set to expire in 2026. These include […]

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December 6, 2025

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Why Bookkeeping Matters for Startups in Forest Hills

Launching a startup is thrilling, but managing your finances effectively from day one is crucial to long-term success. For many new businesses in Forest Hills, bookkeeping is often overlooked—until disorganization starts impacting growth, taxes, or funding opportunities. Here’s why investing in startup bookkeeping is a foundational move every local entrepreneur should prioritize. What Is Bookkeeping […]

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October 6, 2025

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Why Did the Federal Government Shut Down? And What Happens Now?

The federal government officially shut down many of its operations at 12:01 a.m. on October 1, 2025.1 This is the 15th government shutdown since 1980. Most were short, lasting one to three days. The longest lasted 34 full days, from December 2018 to January 2019.2 It’s impossible to predict how long the current shutdown might […]

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