DeFreitas & Minsky Accounting Blog

thallissey

Recent Posts

How Savvy Companies Avoid Check Fraud Scams

Posted by thallissey on Sep 20, 2017 10:00:00 AM

Chase bank has called check fraud “one of the greatest challenges facing business today.” With more than 500 million checks forged every year, this fast-growing problem is estimated to cost the American financial system $10 billion annually, according the National Check Fraud Center. Despite these sobering statistics, many businesses still do not have an effective fraud-prevention strategy. If you may be one of these vulnerable businesses, use these tips to safeguard your bank account.

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Topics: Business Accounting

Timeless Tips to Build Financial Stability in Retirement

Posted by thallissey on Sep 6, 2017 10:00:00 AM

Every working American dreams of a comfortable retirement. Unfortunately, far too many people fail to develop a strategic plan to make financial stability in their golden years a reality.

If you are like many Americans who are concerned about retirement but don’t know what to do about it, you should know it’s never too late to begin planning. These seven tips will give you a head start.

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Topics: Financial Planning, retirement

How to Understand Business Financial Statements

Posted by thallissey on Aug 16, 2017 10:00:00 AM

Whether you run a restaurant, an auto body shop or another type of Long Island business, it’s important to periodically examine the financial health of your company. Although it may seem tricky at first, learning how to fill out and analyze financial statements is a great way to help your business become more profitable.

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Topics: Business Accounting

5 Personal Finance Red Flags Millennials must Avoid

Posted by thallissey on Aug 9, 2017 10:00:00 AM

After college is over, one of the most important lessons you can learn is how to manage your personal finances. Whether you are balancing a checkbook for the first time or struggling to pay off debt, it’s easy to make mistakes if you don’t know how to recognize these five warning signs of poor money management.

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Topics: Financial Planning

Long Island Accountants Help Family Owned Businesses Thrive

Posted by thallissey on Jul 14, 2017 10:00:00 AM

Since your family owned businesses is built on the strength of its lasting relationships, you need a qualified accounting partner you can trust. The objective input and counsel of Long Island accountants can help you set and reach all your financial goals.

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Topics: Business Accounting, Financial Planning, Tax Planning

What is a Fiduciary, and what are their Duties?

Posted by thallissey on Jul 7, 2017 10:00:00 AM

Despite their important financial role, many people are unfamiliar with the term “fiduciary.” In this blog, we will explain exactly what is a fiduciary and what responsibilities they have to the individuals or institutions they may serve.

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Topics: Financial Planning

What Business Owners Need to Know about Tax Return Forms

Posted by thallissey on Jun 16, 2017 10:00:00 AM

If you run a business, you know taxes can be tricky. With profits to tally and W-2s to distribute, it’s hard to know where to begin. A good first step is to learn which tax return forms you will need based on your business type.

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Topics: Business Accounting

IRS Holding over $1 Billion in Unclaimed Income Tax Refunds

Posted by thallissey on Jun 9, 2017 10:00:00 AM

If you haven’t claimed an old income tax refund check in the past few years, you might be in luck. The IRS may still be holding on to your money. Anyone is eligible to claim a tax refund up to three years after the filing date.

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Topics: Tax Laws, Tax Returns, IRS

7 Money Saving Tips you can Take to the Bank

Posted by thallissey on May 17, 2017 10:00:00 AM

With financial obligations like college tuition and housing payments, it’s easy to put saving money on the back burner. However, this strategy will likely catch up with you at one point or another. If you are planning for your future, these seven money saving tips will help you become more financially conscious.

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Topics: Financial Planning

Why Small Businesses can’t Neglect Financial Planning

Posted by thallissey on May 3, 2017 10:00:00 AM

As a small business owner, you likely have your hands full running the day-to-day operations. However, neglecting the future for the present can be a huge mistake. That’s why most companies choose financial planning services, which offers many short-term and long-term benefits.

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Topics: Financial Planning