DeFreitas & Minsky Accounting Blog

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.

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.

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.

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.

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.

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.

While it may seem simple, there are many rules to who you can and can’t claim as a dependent. Since each qualified dependent can reduce your taxable income by more than $4,000, it’s worth examining to see if you qualify. These answers to typical tax questions about dependents will tell you everything you need to know.

If you use your house as your office, there are many tax write-offs worth knowing about. The home office deduction allows you to deduct certain household expenses, like a business telephone line or the maintenance of an office.

As a newlywed, you anticipate change, but you often don’t realize that your new marital status impacts tax return preparation, too. Before tax time approaches, it’s important to make several adjustments. From names changes to filing status and everything in between, this is what you need to know to get ready for tax season.

Every year, millions of Americans scramble to meet the tax deadline. Due to a lack of personal financial planning, tax time becomes more painful than it has to be. These taxpayers may spend hours searching for things like receipts or tax identification numbers right before April 15.

If this scenario sounds familiar to you, following our simple tax tips will help make your life a whole lot easier.