DeFreitas & Minsky Accounting Blog

thallissey

Recent Posts

New York Sues IRS over new SALT Cap Deduction

Posted by thallissey on Aug 8, 2018 10:00:00 AM

Last month, New York and three other states filed a federal lawsuit to prevent a reduction in the State and Local Tax (SALT) deduction, which was included in last year’s tax reform package. The new SALT cap, which is part of the 2017 tax reform law, could cost Long Island homeowners thousands of dollars at tax time.

Read More

Topics: Tax Laws, Tax Planning, Tax Deductions, IRS

5 Strategies for Managing Rapid Business Growth

Posted by thallissey on Jul 24, 2018 10:00:00 AM

Rapid business growth is the goal of many owners, but it can come with its own set of problems. Whether you overextend your budget or fail to keep up with demand, the consequences of missteps at this stage can be fatal. If your company is expanding and you would like to keep it that way, try these five simple strategies for business leaders.

Read More

Topics: Business Accounting, Financial Planning

What is the 50 30 20 Budget, and How does it Work?

Posted by thallissey on Jul 11, 2018 10:00:00 AM

Are you new to budgeting or searching for a money management solution to fit your lifestyle? Maybe, you should try the 50 30 20 budget. It’s a great way to develop a balance between the money you spend on obligations, goals and splurges.

Read More

Topics: Financial Planning, retirement, investment

How to Manage Finances in a Small Business

Posted by thallissey on Jun 21, 2018 10:00:00 AM

Small business owners don’t have it easy. Within the first 18 months, eight out of 10 new companies close their doors for good. One major reason is an inability to balance the books. If you are an aspiring entrepreneur, your company will have a much better shot at success if you learn how to manage finances the right way.

Read More

Topics: Business Accounting, Financial Planning

The 5 Best Daily Budget Apps to Download

Posted by thallissey on Jun 7, 2018 10:00:00 AM

No matter how much you earn, managing money is not easy. It requires much more than self-discipline. You must develop a plan and follow through with it. Thankfully, there’s help available today. You can quickly and easily download a daily budget app on your phone that can guide you through personal financial planning.

Read More

Topics: Financial Planning

Personal Financial Tips for Small Business Owners

Posted by thallissey on May 23, 2018 10:00:00 AM

As a small business owner, you are probably very focused on growing your business. But, are you neglecting your personal financial health at its expense? These five financial tips will help you understand whether you are placing enough resources into individual money management.

Read More

Topics: Financial Planning

How to Raise your Credit Score in 3 Simple Steps

Posted by thallissey on May 9, 2018 10:00:00 AM

Your credit score is an important indicator of your individual financial health. It can be used to determine everything from an auto loan rate to a home equity line of credit. Since a good score will increase your options and may even save you money, you should invest some time today in learning how to raise your credit score.

Read More

Topics: Financial Planning

Tax Reform could cause your Property Tax Bill to Spike

Posted by thallissey on Apr 18, 2018 10:00:00 AM

The recent Federal tax reform package could significantly cut into your tax refund next year. The Tax Cuts and Jobs Act greatly reduces the amount of property tax a homeowner is eligible to deduct in 2018.

Read More

Topics: Tax Laws, Tax Deductions, IRS

5 Deductible Business Expenses every Owner can Claim

Posted by thallissey on Apr 4, 2018 10:00:00 AM

If you run a business, you know expenses pile up quickly. But, the good news is that you can get some of that money back. Companies that turn a profit are eligible to claim many deductible business expenses come tax time.

Read More

Topics: Tax Deductions, Tax Returns

How to Calculate Taxable Income for your Business

Posted by thallissey on Mar 21, 2018 10:00:00 AM

A business’ taxable income is the portion of its profits that are subject to Federal and State income tax. This can be calculated by subtracting permissible tax deductions from gross sales. It’s an important figure to know, because it helps you determine how much of your business’ profits you will ultimately be able to keep.

Read More

Topics: Business Accounting

DM CPA Firm Blog

Find answers to any accounting questions you have.

These questions are usually from our clients.  If you would like to send us a question, please email us at info@dmaccountingfirm.com or ask on one of our social accounts.

Subscribe to Email Updates

Recent Posts

Follow Me