Category: Finances

Beginning January 1, 2024, almost all small businesses in the United States are required to report all owners of the business to the Financial Crimes Enforcement Network (FinCEN). This new requirement is part of a law enacted by Congress in 2021 called the Corporate Transparency Act.  It affects LLCs, S corps, partnerships, and small corporations.  The […]

The new Inflation Reduction Act that passed in congress this year has a surprising amount of tax implications for both individuals and small businesses.  Many of the provisions are extensions of the tax laws that were already in effect but were expiring, such as the Affordable Care Act health insurance premium credits, which were extended […]

Credit reports are a history of how a person manages their credit. They are used by creditors considering loaning you money to evaluate the likelihood you will pay them back. There are three main credit bureaus: Equifax, Trans Union, and Experian. The information in your credit report includes your name, current and previous addresses, current […]

Everyone has different estate planning needs; however, all estate plans should have the same, basic documents.   Michael D. Weinstein has been practicing all aspects of family law in Westchester County and the surrounding areas for over 30 years. He specializes in wills, trusts, probate, separation, and divorce. His office is located at 150 White […]

The importance of small business accounting Have you heard the saying, if it doesn’t make any money it doesn’t make sense? I don’t know who said it, but when it comes to business, no statement could be truer. Most people who start businesses do so with the plan to make money. How do you know […]

Need professional help with your return? Here’s how to find the right person for the job. As it gets closer to the end of the year, you get closer to having to perform the dreaded chore of doing your taxes.  Maybe your return has gotten too complicated to handle on your own, or maybe you […]