News and Events

Hello...I am Vito, the Tax Manager at the Firm. I was with the IRS for many years and have specific knowledge for audits, collection problems and for dealing with tax agencies in general. Please call me at 631-471-3400 if I can help you. If you would rather e-mail me, I am at vito@bergercpa.com

Here you can be kept up to date on our current events and important news.

Please call now to schedule this or any prior year Income Tax appointment.

Now that tax season is here for the 2011 tax year it is a great time for you to contact us to schedule your tax preparation appointment. We can still finish extended 2009, 2010 or other year tax returns. Why not call us now to schedule an appointment for your taxes or to review any changes in income, employment, investments or dependents. Tax appointments are available, but filling up quickly so please call now.

All of our clients are E filed as mandated by IRS & NYS.

With the economy suffering we again publish our advice for businesses:

BASIC STRATEGIES FOR INCREASED PROFITS:

1) PRICE:

Increasing price can increase profit, but can also reduce volume. Must find happy mix of price and volume. Keep in mind competition and what the market will bear. Look to uniqueness of your product or service and market that uniqueness.

2) VOLUME:

Increased volume can increase profit, but is usually accomplished through price reductions. Must find happy mix of price and volume. Do not lower price too much or you cheapen your product, service or image.

3) OVERHEAD:

Reducing overhead is usually the easiest and most controllable way of increasing profit. Second guess all expenditures to determine if they are necessary. Introduce automation where possible. Shop for better price of necessary expenses, but do not forsake quality for cheap prices.

4) PRODUCTIVITY:

Increased productivity can increase profit by eliminating extra personnel to accomplish a particular task. Introduce automation where possible. Eliminate overtime where practicable. Hire the right help in the first place. Eliminate employees who pull down the attitude of others, waste time or don't care.

ADDITIONAL STRATEGIES FOR HARD TIMES:

1) COLLECTIONS:

Increased cash flow resulting from collecting accounts receivable faster. Reduced exposure to potential bad debts.

2) REFINANCING EXISTING DEBT:

Stretching out obligations over a longer period of time to reduce outgoing cash flow. Possible infusion of new funds if cash flow can support repayment.

3) DISPOSING OF NON PRODUCING ASSETS:

Eliminating drain caused by non income producing assets that can be replaced after cash flow improves due to better economic times.

4) MERGERS AND ACQUISITIONS:

Serves to increase volume, increase productivity and reduce overhead. Accomplished by reducing two overheads into one. Increased business in lieu of advertising expenditures. Possibly bring on new product lines or new services. Possibly selling part of business. Possibility of taking in active or silent partner.