Business Strategy — Diversify or Specialize Services?

By Sean Kelly, CPA I learned about a company recently that has proactively developed a niche to physically lift homes to meet current hurricane-proof standards. Based on a federal grant for homeowners, the construction company is tapping a need that has meant growth for its business as well as a benefit to residential customers. This …

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New York ‘Works Around’ Tax Cuts and Jobs Act of 2017

On the surface, high tax states such as New York seem to be hardest hit by a new limitation on the State and Local Tax (SALT) deduction. For previous tax years, taxpayers had the ability to write off all of their SALT payments against their ordinary income. This deduction has now been limited to $10,000 …

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Client Corner: Swezey Fuel

Swezey Fuel is the largest family owned full-service fuel oil company in Suffolk County. Founded by Nat Swezey in 1918, the company sold feed for horses before purchasing Dayton Hedges Coal and Feed Co. in 1921. This year, Swezey Fuel celebrates its 100th anniversary as a family-owned business. They kicked off the celebration with a customer …

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Client Corner: Seacoast Enterprises Associates, Inc. (S.E.A.)

S.E.A. was established in the 1970s by Richard “Dick” Mendelman and his business partner Leland “Buck” Burnett. Today, the company operates four marinas and two full-service boatyards in Three Mile Harbor, East Hampton, NY. The marina enterprises also include a waterside restaurant and services that range from watercraft rentals, gas and diesel fueling, boat and …

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