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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...

I know, the chatter around the freshly minted One Big Beautiful Bill Act is a bit of a mixed bag. Some of the changes sound like a champagne toast for your business. Others feel like a paperwork hangover waiting to happen.Either way, my mission remains the same: cut...

The flooding in South and Central Texas is on my mind as I start this work week. It's been hard to watch, especially in this age of social media, where we can see firsthand video of the devastation. I keep thinking especially about the parents of the children who...

Key TakeawaysNot all tax debts are wiped clean in bankruptcy. Knowing what lingers can protect you from surprise bills. Post-bankruptcy tax compliance is essential. Late filings or missed payments can unravel your fresh start. Your tax refund might be at...

I don’t know about you, but there’s something about July 4th that gets me into the entrepreneurial spirit. You fire up the grill, wave off work for a day, and you’re reminded of WHY you started a business in the first place: freedom. And while you’re busy...

It’s wild to think how much the business landscape has changed recently, isn’t it? Your processes (and even your own role in your Long Island business) probably look a lot different than what they did a few years ago. AI is transforming the business world fast....

Bankruptcy tends to get a bit of a bad rap. You probably picture financial ruin and losing everything. But that’s not always what it means, especially when you're facing a mountain of tax debt. While you might think your only choice is a rigid payment plan or a...

Summer usually means slowing down — pool days, vacations, maybe catching the sunset from your deck after work. But as a business owner? It means managing staff vacations, trying to stay visible while your customers are mentally on vacation, planning ahead for Q3, and...

Welcome back to the tariffs-and-what-they-mean-for-you segment of your weekly Strategy Note. On today’s agenda: Steel and aluminum. The U.S. just raised tariffs on these to 50 percent. If your Long Island business relies heavily on manufacturing and...

Thanks to Michael Scott, we all know confidently that shouting “I declare bankruptcy”  into the void won’t make your debt problem vanish into thin air. Well, as it turns out, neither does actually declaring bankruptcy. As long as the IRS is...

Payroll day has a way of sneaking up on you. Even when things are running smoothly, there’s still that moment of holding your breath—Will the software cooperate? Are the numbers right? Is everyone getting paid on time? And if something does go wrong, it’s on you to...

Because you're probably digging out from under a heap of emails and half-finished to-do’s after the long weekend, I’ll get straight to it: There was quite a bit of tariff movement that happened over the weekend. The U.S. and E.U. are accelerating trade...