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Answers for Long Island Business Owners: Can I Put Personal Money in My Business Account?
“With organization comes empowerment.” —Lynda Peterson Quick Answers: Can I Put Personal Money In My Business Account?If you put personal money into your business account, it must be recorded correctly (as an owner’s contribution, not business...
New 1099 NEC Threshold: How Do I Pay Long Island Contractors?
“Simple can be harder than complex.” — Steve Jobs Quick Summary: What’s Changing With The 2026 1099 NEC Threshold?Businesses will only be required to file a 1099-NEC if they pay an independent contractor $2,000 or more in a calendar year. The new rule begins...
Who’s the Best Accountant to Help My Long Island Business Grow?
Quick Answers: Who’s the Best Accountant to Help My Long Island Business Grow? The “perfect” accountant doesn’t exist. But the right fit for your business growth does. Look for an accountant who understands your industry so they don’t miss critical...
How Will the OBBBA’s Excess Business Loss Limitations Impact Long Island Business Owners?
"The essence of strategy is choosing what not to do.” -–Michael Porter Quick Answers: What Are the OBBBA’s Excess Business Loss Limitations?The OBBBA made the Excess Business Loss limitation permanent (previously set to expire in 2028). For 2025, the IRS...
Customer Service Retention Strategies That Save Long Island Businesses
"Courteous treatment will make a customer a walking advertisement." —James Cash PenneyQuick Answers: Customer Service Retention StrategiesFollowing up after every sale or service can dramatically increase loyalty and uncover issues before they become...
How Can Long Island Business Owners Know They’re Running A Profitable Business?
My guess is, back when Bill Holley first sketched out Cracker Barrel’s original logo on a napkin, he didn't imagine its retirement would cause a nationwide uproar. The restaurant chain, known for its comfort food and front-porch nostalgia, recently unveiled...
OBBBA’s No Tax on Overtime & Tips: The Positives for Your Long Island Business
Raise your hand if you feel like you're juggling too many balls in your Long Island business right now. (Yes, my hand is raised too.)Running a business means your brain is already pulled in ten different directions. And then Q3 shows up with a slew of tax code changes...
How “No Taxes on Overtime” Impacts Your Long Island Business
I may be revealing too much of my age and tastes by quoting this song, but I’ll “sing” it for you anyway: “Workin’ 9 to 5, what a way to make a living…” You know that one from good ol’ Dolly Parton? If you end up humming it all day, too – you're welcome. :)But,...
Brand Clarity is Your Long Island Business’s Advantage
Back-to-school season isn’t just chaotic because you’re trying to do all your last-minute classroom supply shopping for your kids (do they really need those specific dividers?). It’s also because there’s marketing noise everywhere. Big brands are splashing huge...
Small Business Efficiency: How Long Island Business Owners Can Combat Overwhelm
Heard about the GENIUS Act? It was signed into law earlier this month. It's the first comprehensive piece of federal legislation focused on regulating cryptocurrency. Which means for the crypto industry, it’s a historic pivot point.Now, you might not be...
Bonus Depreciation 2025 for Long Island Business Owners
Did your social media feed feel like it turned into a tabloid this weekend?If it looked anything like mine, it was overrun by memes and parodies — thanks to a now-former CEO and an awkwardly timed moment on the Coldplay kiss cam. What followed was the kind of PR...
What Long Island Taxpayers Can Do When Their IRS Identity Theft Case Is Prolonged
You filed your return. You were expecting a refund, or at least a normal processing timeline. But instead, the IRS flagged your return and sent you a letter asking you to verify your identity. Or worse, they told you that someone else had already filed using your...