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 moreTax 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 […]
Read moreSelecting 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 […]
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 moreOn September 17, 2025, the Federal Reserve’s Federal Open Market Committee (FOMC) lowered the target range for the benchmark federal funds rate by one-quarter percentage point — the first rate cut in nine months. This brought the range to 4.0%–4.25% and resumed the process of lowering it from a high of 5.25%–5.5%, where it stood […]
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 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 moreAfter years of numerous delays, the REAL ID enforcement deadline is scheduled for May 7, 2025.1 What is a REAL ID? A REAL ID is a type of enhanced identification card that is signified by a star marking in the upper top portion of the card. The REAL ID Act, passed by Congress in 2005, […]
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