Practical advice on taxes, bookkeeping, retirement, and business finance from the team at JRH & Associates in Garden City, NY.
Every year, thousands of Long Island and New York City residents make the move to Florida seeking warmer weather and lower taxes. But changing your legal domicile from New York to Florida is not as simple as buying a home and spending a few months there. New York State is notoriously aggressive about auditing former residents who claim Florida domicile, and the financial stakes are significant.
Choosing the wrong business structure can cost Long Island business owners thousands in unnecessary self-employment taxes. Here is how to think through the decision the right way.
Disorganized financials are the single biggest obstacle to a smooth tax filing. Here is a practical guide to getting your books in order before the deadline hits.
If you are self-employed on Long Island or anywhere in the country, choosing the right retirement account can save you tens of thousands in taxes over your career. Here is how to compare them.
Getting a letter from the IRS does not mean you are in trouble. Most notices are routine. Here is exactly how to read it, respond correctly, and know when to call a CPA.
From choosing your entity type to getting your EIN and sales tax license, here is everything you need to set your New York or New Jersey business up correctly from day one.
From home office expenses to vehicle mileage and professional subscriptions, these are the deductions that show up most often in underprepared returns from Nassau and Suffolk County businesses.
Our Garden City team serves clients across Long Island, the tri-state area, Florida, and nationwide. Your first consultation is always free.