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.

In the complex and ever-changing world of finance, one thing remains constant: taxes. For businesses and individuals alike, navigating the intricacies of tax planning and compliance can be a daunting task. That's where the expertise of a Tax Accountant comes into play. In this comprehensive guide, we'll delve into the numerous advantages of enlisting the services of a Tax Accountant, with a special focus on Tax Planning, Tax Services for Businesses, and Personalized Tax Services.

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.

Meet Jack Rosenthal EA, Accountant at Michael J. Berger and Co., CPA’s LLP. Our firm has been fortunate to have Jack join us for forty-five years, and he has a bright future ahead of him.

The Michael J. Berger and Co., CPA’s LLP team, wishes you the happiest of holidays this season. May the New Year be filled with joy, health, and prosperity!

While the world wide web has made understanding our home finances much more straightforward, it is hard to say for corporate accounting and CPA services. Tax calculations and accounting for even a small business with bare minimum transactions can be complex and necessitate special training and taxation expertise. 

While individuals and businesses have to go through taxation, we assist them with getting through the process without too much trouble. We would also tell them about the constantly changing rules and the new systems in place so that they are informed. At the end of the day, we are trying to create a system where we can save our clients the most money when they are trying to get through a process.

High inflation has sent household budgets into a tailspin, with soaring gas and food prices being the main culprits. It’s also caused headaches for retired people living on fixed incomes as their spending power has taken a hit.

Proper accounting can make a difference to your small business by providing insight into its overall financial health. These insights can also provide a detailed cash flow report, identifying ways to grow and keeping your taxes in order. Moreover, maintaining balanced books daily can help financially forecast months into the future and alert you to potential financial gaps.

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. 

The Michael J. Berger and Co., CPA’s LLP team, wishes you the happiest holidays this season. May the New Year be filled with joy, health, and prosperity!

One of the challenges with running a business or working independently is that people have to file their taxes. There are a lot of challenges when it comes to getting through taxation, and with a large number of people not getting it done themselves, they end up working with an accountant who would assist them with finding the right amount that they would have to pay so that they would not go to jail. While the Government works on convincing people to get through their taxation themselves, there are some challenges that they have to get through. Additionally, people who do not handle the process themselves could end up paying fines and penalties if they do not pay the right amount at the end of the tax year.

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.

When talking about accounting and taxation, if you are unprepared and disorganized, the very thought can send a shiver down your spine. Employing the services of a competent CPA or accounting firm takes the burden off your shoulders. It gives you access to expertise and knowledge of accounting and taxes to make your business or household run precisely the way it should.

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.

To say that COVID-19 is affecting our daily lives would be the understatement of the year, as it’s caused far-reaching consequences. As a result, the economy has suffered, which has forced the government to introduce the Paycheck Protection Program (PPP) to sustain livelihoods.

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!

New Website Coming Soon!