Tag Archives: long island
DSJ Expands Accounting Practice with Recent Merger
As of September 1, 2017, Anthony J Perrone CPA PC has merged with DSJ. Formerly a partner in the accounting firm of PERLMAN, SCHLEIFER & PERRONE, CPAs, Perrone has acquired more than thirty years of experience in complex individual, corporate, … Continue reading
Be a Leader, Not a Boss
At first glance, there doesn’t seem to be a great difference between the definitions of a boss and that of a leader. However, if you’ve ever worked for a boss who lacked leadership skills, you won’t need convincing that the … Continue reading
Are We Due a Market Correction?
June often marks a mid-year lull in the stock market, but with no hiatus yet, the stock market continues the rally that began when President Trump took office in November. As we head into the second-quarter earnings season, analysts are … Continue reading
Reviewing Non-Spouse IRA Beneficiary Rules
At the end of last year, Congress was considering tying up a tax revenue loophole known as the Stretch IRA. Currently, a traditional IRA can be passed from one generation to the next, thereby extending tax-deferred growth to a non-spousal … Continue reading
2017 Social Security Changes
A HIGHER TAX CAP AND OTHER BIG CHANGES IN STORE FOR SOCIAL SECURITY IN 2017
The Social Security Administration (“SSA”), in its annual mid-October press release, announced some important changes to America’s most important social program for 2017, not the … Continue reading
Overtime – NEW Rules Effective Soon: Steps to Take Now!
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Effective December 1, 2016, new rules will substantially increase the minimum salary required to be exempt from overtime under the Fair Labor Standards Act (FLSA). If you have exempt employees who earn less … Continue reading
Sales and Use Tax Red Flags – Managing Your Audit Risk
It should come as no surprise that sales and use tax is one of the main revenue streams of state and local tax authorities across the country and that audits are the primary means by which to maximize that stream. … Continue reading
Beware of Tax Scams!
The IRS is warning taxpayers to be wary of tax scams aimed at obtaining your personal information in the midst of tax season. Scam artists across the country pretending to be IRS agents are now calling under the pretext … Continue reading
When Is an Accountant Better than Tax Software?
DESPITE ADVANCES IN TAX AND ACCOUNTING SOFTWARE TECHNOLOGY, WILL THEY EVER REPLACE THE VALUE OF YOUR TRUSTED ACCOUNTANT?
The question of man versus machine is not unique to the accounting profession, but practically speaking, tax software, accounting applications and your … Continue reading
10 Things Every Taxpayer Should Know
To have a proper handle on your finances, you need to understand some basic concepts of our tax law. Doing so will enable you to make the right decisions to minimize your tax burden as well as to discuss it … Continue reading