Trump Tax Plan – Corporate Pass-Through Income Deduction
By frank.rosillo
- 03/08/2018
It is been two months since President Trump signed the tax reform bill. The new Tax Cuts and Jobs Act (TCJA) offers some tax saving options for businesses, among others, the tax deduction for owners of pass-through entities. What is…
How Are Bitcoin And Other Cryptocurrencies Taxed?
By frank.rosillo
- 02/26/2018
Bitcoin and other cryptocurrencies have increasing popularity. Last year cryptocurrencies were frequently in the news due to their volatile price fluctuations. This made many millennials and other age groups into billionaires, as well as others to lose significant amounts of…
5 Ways to Save on Taxes When Starting a New Business
By frank.rosillo
- 02/19/2018
Starting a new business is exciting and we all want to create a successful business; but it comes with responsibilities and many rules to follow. However, there are no guarantees for success. Among other factors, offering a product with quality…
Independent Contractors: Save Over 15% in Taxes
By frank.rosillo
- 01/18/2018
Self-employed individuals, also known as independent contractors, are considered a small business; like other businesses may have to pay income taxes on their taxable profits; in addition 1099 recipients has to pay 15.3% self-employment tax, which if added together with…
Tangible Personal Property Deadline
By frank.rosillo
- 03/31/2017
Due April 1st, 2017 Tangible Personal Property (TPP) refers to everything other than real estate, that is used in a business or rental property, and whose chief value is intrinsic to the article itself. Generally they are your business assets,…
Six Reasons to hire a licensed Certified Public Accountant (CPA)
By frank.rosillo
- 03/16/2017
Sometimes business owners try to do it all by themselves thinking that it could help to keep the budget low. As business owners we all can relate to “keeping it on a budget”. However, there are circumstances when it is…
How to save money on taxes?
By frank.rosillo
- 03/14/2017
It is officially tax time! There are only two viable options: either face it and file taxes on time, or procrastinate on it longer, by asking for an extension. If you do choose to “procrastinate on it” make sure to…
5 Tax Planning Mistakes to Avoid
By frank.rosillo
- 03/13/2017
Tax planning is essential to keep up with tax obligations deadlines. The question is: where does tax planning start? Tax planning starts with the bookkeeping records. Proper bookkeeping is the foundation of accurate and successful tax planning; for this reason…
How to Avoid Tax Penalties
By frank.rosillo
- 03/10/2017
Failure to comply with the tax law could end up in tax penalties. Taxpayers could face several penalties for non-compliance of the Federal, State, County and City tax requirements plus interest charged in addition to outstanding taxes assessed; which could…
Four Tax Planning Tips for Successful People
By frank.rosillo
- 03/10/2017
Tax planning is the process of analyzing the financial situation from the tax point of view, to be able to estimate the tax liabilities and formulate ways to ensure tax efficiency. In simple words tax planning is the art of…
