There are two primary categories of leases – the operation lease and capital lease. In this video, Robert E. White, CPA discusses these two primary types of leases and the differences between them. He also addresses when a company would consider leasing vs. buying equipment or machinery. Learn the pros and cons of each lease …
Continue reading Lease vs. Buy – Tax Impacts and Cash Flow Considerations
Choosing your business entity is important for tax treatment as well as how it impacts accounting processes. In this video, Long Island CPA and Partner Robert White shares the pros and cons of three primary business entities with examples. He address: The Importance of Entity Selection; The Pros and Cons of Partnerships; How S Corps …
Choosing a successor for your business can sometimes be difficult. Often the dream is to pass the business to a family member, but those family members may have other plans for their life. In this video, Long Island CPA and Partner Tom Terry shares what to do when your family chooses a path outside the …
Continue reading Succession Planning: Choosing your Successor
Section 199A allows passthrough businesses to deduct 20% of their net income. In this video, Sean Kelly, CPA at Markowitz, Fenelon and Bank, shares how Section 199A affects businesses, which businesses can take advantage of this deduction and what steps a business owner can take throughout the year to remain under the deduction threshold. Section …
Continue reading Section 199A – What it is and what it means for businesses
Working with a CPA can be beneficial to your business. It allows you to leave the financial accounting and bill pay to a professional who can proactively help you manage those processes allowing you focus on serving your clients. In this video, Tom Terry, CPA and Partner at Markowitz, Fenelon and Bank, shares how delegating …
Continue reading Delegate your Accounting: Client Accounting Services for Business Growth
