The significance of sound accounting practices cannot be overstated for small businesses. In this blog post, we'll delve into how professional accounting services can be a game-changer for small enterprises, providing financial stability and strategic insights for growth.

Selecting the right accountant for your business is a critical decision that can significantly impact your financial success. In this blog post, we'll explore the key factors to consider when choosing an accounting professional, ensuring a partnership that goes beyond numbers and contributes to the growth and stability of your business.

As tax season approaches, navigating the complex landscape of tax requirements can be a daunting task for individuals and businesses alike. In this blog post, we'll delve into the invaluable role of Enrolled Agents (EAs) and why entrusting your tax needs to a qualified professional can make a significant difference in your financial well-being.

In the dynamic world of business, one of the pillars that support its growth and sustainability is accounting. From startups to established corporations, effective accounting is the heartbeat of financial health. In this comprehensive guide, we will delve into the crucial role that accounting plays in businesses and why it's of paramount importance. At Michael J. Berger and Co., CPA's LLP, we understand the significance of accounting for businesses, and we offer personalized accounting services to ensure financial success for our clients.

Welcome to Michael J. Berger and Co., CPA’s LLP, your trusted accounting firm serving clients in Long Island, NY, and the surrounding areas, including Brooklyn, Queens, Staten Island, Westchester County, Florida, Georgia, Pennsylvania, New Jersey, Colorado, and Virginia. Our team of experienced certified public accountants is here to help you navigate the complexities of business and personal taxes while ensuring affordability and quality service. In this blog post, we will provide you with valuable insights and tips on managing your taxes on a budget.

Filing income tax returns has become relatively easier now, however, people often have problems during the process. If not dealt with, they could lead to defective returns or more problems later at the time of claiming a tax refund, or worse, invite an Internal Revenue Service (IRS) audit. To help you with these problems, Michael J. Berger and Co., CPA’s LLP, has noted down some common income tax issues faced by individual taxpayers and ways to solve or deal with them efficiently. 

You can hear a lousy tax take almost anywhere from your hairdresser to the grocery store. Today, with a smartphone and a social media account, taxpayers have a platform to share that advice almost immediately. And the more it’s shared, the more legitimate it may appear to taxpayers. This misinformation about tax filing could cost you a lot if you are unaware and blindly follow it.

Whether you’re a small business, start-up, or entrepreneur, preparing financial statements, managing bank account operations, and analyzing financial data can be challenging and make you feel overwhelmed. It is tough to wear all these hats while also taking on the financial tasks to scale up your business.

Starting a new enterprise can be exciting as you finally get to do something that you really love. In addition, as the boss, you can make all the crucial decisions and get to keep the lion’s share of the profits after paying your taxes to the IRS.

Thanks for stopping by our blog. If you’re looking for more information about Michael J. Berger and Co., CPA’s LLP, you’ve come to the right place.

Bookkeeping is a necessary process when it comes to accounting, which in turn connects to taxation. There are some processes of bookkeeping used to create simpler systems that would make tax season quite bearable. Tax season is generally quite hectic, and getting your documents in order at the last minute can be challenging.

There’s not a single industry that hasn’t experienced a dramatic change in 2020. The pandemic presented personal and professional challenges for everyone. In the tax and accounting industry, professionals were challenged with working virtually to assist clients who needed services that weren’t part of the traditional portfolio previously. In addition to service delivery changes, we’ve also had to deal with regulation changes and a heaping volume of tax requirements.

If you’ve filed your income tax returns within the deadline, the last thing you would want is an IRS audit. While an IRS audit is rare, it is possible if there are many errors in your returns. Mistakes are likely high if you file your taxes in a rush, are unaware of the tax filing procedure or the latest requirements, fail to hire a qualified tax preparer, and so on. To ensure error-free returns and avoid an unnecessary audit, Michael J. Berger and Co., CPA’s LLP has compiled a list of the most common mistakes people make when filing their income taxes. 

As a Certified Public Accountant in Long Island, NY, I look forward to sharing my story. I hope that you will enjoy getting to know me better.

The U.S. Small Business Administration (SBA) and the Treasury Department, on October 13 2020 released updated guidance on the Paycheck Protection Program (PPP) loan forgiveness. This is intended for both lenders and borrowers participating in the small business loan program enacted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

We are delighted to announce the launch of our new website!

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