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.

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. 

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!

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