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 […]
Read moreRunning 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 […]
Read moreRunning a small business in New York comes with endless opportunities—but it also comes with heavy financial responsibilities. From tracking expenses to managing payroll, bookkeeping is one of the most important tasks business owners face. Yet many entrepreneurs struggle to find reliable, scalable bookkeeping solutions that keep their operations running smoothly.Whether you’re based in Forest […]
Read moreThe holiday season is a time for celebrating with those closest to you, but it’s also prime time for holiday scams. Unfortunately, fraudsters ramp up their efforts at this time of year to exploit holiday cheer for financial gain, so it’s important to stay alert and protect yourself from falling victim to a scam. Here […]
Read moreWith the enactment of the One Big Beautiful Bill Act in July 2025, a new deduction for tips is effective for tax years 2025 through 2028. Here is a summary of the new provision and the occupations that will be affected. Deduction explained Employees and self-employed individuals may deduct up to $25,000 per year of […]
Read moreCollege graduates looking to join the workforce this year encountered the most discouraging labor market in recent memory. The class of 2025 saw the number of job postings on Handshake (a career platform used to recruit college graduates) decline 15% from the previous year. The number of applications per job increased by 30%.1 The Federal […]
Read moreThe One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, includes multiple provisions that affect higher education. Key changes include new borrowing limits for students and parents under federal loan programs, streamlined student loan repayment plans, stricter rules on the ability of borrowers to pause student loan repayment, the promotion of workforce […]
Read moreOver the past several years, news reports have grown more intense about the precarious global supply of rare earth minerals. Yet outside scientific and national security arenas, many people may not fully understand the importance of rare earths. What are these mysterious materials and why are they receiving so much attention? Essential Elements of Everyday […]
Read moreWith the enactment of the One Big Beautiful Bill Act in July 2025, Congress introduced a new class of tax-advantaged savings vehicles for minors known as Trump accounts. Here’s a breakdown of the key features. What are they? Trump accounts are custodial savings and investment accounts that can be established for U.S. children under age […]
Read moreOn Friday, May 16, 2025, Moody’s Ratings downgraded its rating on U.S. government long-term debt from its highest rating of the next highest rating of Aa1. The move was particularly significant because Moody’s was the last of the Big Three credit rating agencies to maintain the triple-A rating for U.S. debt. S&P Global Ratings made […]
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