There is Still Money on the Table — Take Steps to Reduce Your 2021 Tax Bill

Greetings, {6 minutes to read} I hope you are taking some time to enjoy the summer days — with care, Outdoor spaces are priceless.   First, if you received a PPP loan in 2020 and have not yet submitted your PPP loan forgiveness application, what are you waiting for? The process has been simplified for loans […]

At the Mid-Year Mark

{6 minutes to read} We had another wet holiday weekend on July 4th this year. Wet days like these bring back some good vibes from my homeland — the Caribbean. On the zinc top roofing — the raindrops dance to a different and sweeter rhythm. In spite of the wet days across the Tri-states, I […]

Let’s Turn Over the Last Stone Before 2020 Ends!

Three – Two – One  Happy New Year! {5 minutes to read}  In just a few hours America will be joining many other nations as we welcome 2021 and echo the words above. Twenty-twenty — what a year! A year that will forever remain in plain view many years after it has passed. May you […]

Is a Roth Conversion the Right Move for You?

Let’s Welcome the Season of Hope! Many believe that Thanksgiving Day opens the doors to welcome the “Season of Hope.” There is often a sense of vibrancy in the atmosphere between this day and the end of the year. Maybe this is partially due to the Christmas lights and the flames from the menorah at […]

Remembering Ruth Bader Ginsburg

Remembering Ruth Bader Ginsburg “Don’t be distracted by emotions like anger, envy, resentment.  These just zap energy and waste time.“ (5 Minutes to Read)  On Friday, September 18th our fellow Jewish Citizens commenced another new year, Rosh Hashanah. This sacred time is marked with prayer and other ceremonial events. On the said day they also […]

It’s All About Hope

{3 minutes to read}  Hope … Such a simple and yet powerful word. Wikipedia defines it like this: Hope is an optimistic state of mind that is based on an expectation of positive outcomes with respect to events and circumstances in one’s life or the world at large. As a verb, its definitions include: “to […]

Another Tax Year Is Now History

{8 minutes to read}  Before getting into the article, I would like to remind readers that enrollment season is now open. It’s this time of the year when you have the opportunity to enroll for your health care insurance and other employer-offered benefits. Now let’s continue.

How Do I Begin Creating a Financial Budget Based on My Lifestyle?

{8 minutes to read}  In an era of so many uncertainties, individuals and companies are becoming more mindful of their bottom lines. The question is, are we addressing these concerns wisely? We often talk about how much we need to save, but how closely are we monitoring our spending? Swiping that card and clicking on […]

NYS Cut the Cord with the IRS: You May Be Able to Itemize on Your NYS Tax Return

By now most of us are aware that the new tax rules will impact our Federal tax returns; a large portion of expenses have been reduced OR disallowed under the new tax law (known as TCJA). Since the law has been enacted, lawmakers of various states with personal income tax obligations have continued to lobby […]

Considering the New Tax Laws, Is Starting a Business the Right Choice for Me?

{6 minutes to read}  During tax season we are often questioned about starting a small business. However, throughout 2018, the two most asked questions we received were: I have been freelancing for some time now; do I incorporate or form an LLC? Since I will lose most or all of my deductions as an employee, […]