Blog

I am in mid-week 6 of my hip replacement recovery and glad to see real progress as I have returned to my office for 3/4 days and am able to walk without a cane and use just the hand rail for assistance on the stairs.   Now I am also back in my garden picking those cukes, and string beans that like to hide in their leaves… What could be better…  Read more

It may just be back to “business as usual” for summer 2022 as we’ve enjoyed great weather and I hear about vacation plans and see photos of family gatherings.  I am in week 5 of rehabbing my hip replacement and am now able to enjoy the weather as my daily physical therapy walk includes the handicap ramp onto the beach at the end of my block. Beach 131 Rockaway NY…  Read more

Get well wishes and lovely flowers have really boosted my rehab efforts. Get well soon I am 3 1/2 weeks into recovery from my right hip replacement.  Up until yesterday morning I was feeling better and stronger every day, and then… Weekly Take Away …after weeks of following the prescribed and ever increasing physical therapy exercise outline I woke up  feeling exhausted, with a 4/5 level of  pain.  I was…  Read more

I hear that many of our dads had a great father’s day celebrating with family and friends: fishing trips with laughter but no fish on the line, special meals in local restaurants, special meals prepared by our dads for the family, zoom and facetime meetings with smiles all around and of course many backyard bar-b-ques. Despite continued high gas prices and continued covid-19 cases most with much lighter symptoms it…  Read more

You and your staff can really benefit from using technology to handle repetitive administrative work; this will help free up staff time to be used for higher level tasks like speaking with customers and analyzing the data.  These days, you can use technology to take care of almost any issue facing your business. Artificial Intelligence can be used as an interface with other software so that you and your…  Read more

No one really likes talking about their death, which makes updating—or even writing—a will an unpleasant experience. Often, people put off thinking about their will for another day, assuming they have a lot of time to deal with it. Along comes the SECURE Act and we see the importance of proactive planning, not just for your retirement, but for your beneficiaries as well. NEIL D. KATZ, J.D., LL.M., CPA Last…  Read more

I offered my top tip for accountants and their clients for an article which was published last week, then I googled communicate and this is what I found: com·mu·ni·cate verb 1. share or exchange information, news, or ideas. Similar:   liaise, be in touch, be in contact, be in communication Use it in a sentence  “We as effective tax advisers communicate with our clients so we can understand what their needs are…  Read more

I was asked to contribute to this online article as posted by Intuit for other tax professionals. My tip: “We find that our business and individual clients are still confused about how the TCJA affects various issues, such as their overall tax liability, entity structure, retirement benefits and deductible expenses. We will continue to encourage strong communication and engagement with our team of professionals. Our clients are comforted when they see that we are there…  Read more

You may feel overwhelmed by this new form and the calculations involved with setting up sufficient 2020 tax withholding.  We certainly understand as it seems that to do it correctly you need to be a tax professional or have a really good grasp on how your income is earned as well as what deductions and tax credits you are entitled to. Watch this video to see our reaction to the…  Read more

Showing your employees that you appreciate them by investing in their future will pay big dividends. Hopefully you have been using 90 Day Action Plans for you and your firm/medical practice/business.  Now that you are familiar with the process, lets expand to create Professional Development Plans for you and your employees as it relates to your business. It seems that no matter the subject of my presentation, I will usually include…  Read more

A great way to start the new year is to implement a 90 Day Action Plan for your company/medical practice/business; you may what to enhance that strategy by creating your own Professional Development Action Plan and by helping your employees create their Professional Development Action Plan as well. I love and recommend using a 90 Day Action Plan for this project! An Employee Professional Development Plan can follow all the…  Read more

It’s hard to believe but 2019 is over and it’s time to create or update your business plan. If you’re like us you’re are currently working on your 2020 business plan too (writing 2020 might take a bit of getting used to!) We are recommending that our clients  “take stock” at this time of year and think about their business & strategy for the year ahead. If you’re looking to…  Read more

I recorded this video over the summer (right, I am not standing on the beach in this gear in December!) A Plan with Small Actionable Steps Will Help Create the Goals we Have in Mind for Our Business and Ourselves and what better time to put this tip to use than now… This message is just perfect for this time of year.  We are all hoping to start 2020 with…  Read more

It’s been exciting to see how several of our clients were able to save some serious dollars and reduce or eliminate their fourth quarter corporate and individual tax estimates by instituting Year-End Micro Tax Minimization Plans. We will be rolling up our sleeves again in January to start working on full blown plans for the 2020 tax year. Click through to see a blog and video on the process and……  Read more

It’s year end and although it’s been a rough ride with the implementation of the new tax law, the Tax Cuts and Jobs Act, it’s also been a year of growth for me, my family, firm, employees, and many of our clients. Wishing everyone a great time this holiday season and hoping that 2020 will be a time of health, happiness and continued personal and professional growth.  Read more

I was asked to write an article for Tax Pro Center for the Intuit ProConnect site, you can click through and read it here:  “How to Channel More Positive Energy in Your Tax Firm”. Then watch this video about our firm: Final Thoughts Positive energy resulting from respect, appreciation and support of ideas can bolster most relationships. What works for accounting firms works for other businesses as well.  Watch the…  Read more

There is “No Time Like the Present” For You to Start Planning for an Amazing 2020 Have you thought about what 2020 holds? Now is the perfect time to book your Business  Strategy Session. You’ll get guidance on updating or setting up your Business Plan. It’s hard to believe but the year is almost over! AND…there is “No Time Like the Present” for a Business Strategy Session. We sometimes call…  Read more

Ready to retire? Worried that you can’t afford to?  Your accountant may be able to help shed some light on your situation.  Remember that your tax situation may change drastically after retirement and that change can have a positive effect on your spending dollars! Watch this video to see how understanding your after tax retirement dollars can bring you peace of mind. You CAN afford to retire with after tax…  Read more

It’s year end, and time to reflect on the year gone by and plan for the year ahead. But thinking about your business and how to improve it can be stressful. We wrote about the importance of having a solid Vision Statement to help guide you and your staff to a more successful business, with a better business model, more satisfied customers and more focused staff. Need a little prodding?…  Read more

We have worked with several of our clients to set up tax minimization plans which have saved them thousands of dollars.  As the year-end approaches, many strategies are no longer a good option, but there is still time to set up your “MICRO Tax Minimization Plan” which will certainly minimize your taxes and possibly eliminate your fourth quarter tax estimate. This video will help you understand the difference between tax…  Read more