August 18, 2025
Restricted Stock Units (RSUs) are a popular form of compensation that many employers offer. They can be valuable, but they also create confusion at tax time. This guide provides a clear explanation of how RSUs are taxed and what to look for when reviewing your tax documents. 1. What Are RSUs? RSUs are company shares […]
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July 07, 2025
Smart Moves for W-2 Employees, Small Business Owners & Real Estate Investors: DIY tax software like TurboTax and H&R Block makes filing quick and affordable. For simple tax situations, it works just fine. But when things get more complex—like owning a business or rental property—software can only take you so far. Here’s why working with […]
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June 30, 2025
Budgeting isn’t just about crunching numbers—it’s about taking control of your money so it supports the life you want. Many people hear “budget” and think restrictions, but in reality, it’s about freedom, clarity, and peace of mind. What Is Budgeting, Really? Budgeting is simply a plan for how you use your money. Picture your income […]
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June 23, 2025
Running a small business takes time, energy, and money—but if you’re not tracking expenses, you’re likely losing money. 📉 Stop Overpaying on Taxes Tracking expenses isn’t just good practice—it’s one of the easiest ways to reduce your taxable income and boost your profit. Example: You earn $85,000 in revenue. You track $16,000 in business expenses. […]
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January 02, 2022
We thought we would give everyone a brief description and update on the federal Child Tax Credit (CTC). This has been one of the ‘levers’ that the federal government has pulled in order to get more money into the pockets of taxpayers that have children and fall within certain income limits. What is the Child […]
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November 16, 2021
The Internal Revenue Service (IRS) will never call you looking for personal information or payment information. They almost always initiate these conversations by sending notices through the mail. In some specific instances an IRS agent might attempt to call or show up at your home or business, but this is AFTER several notices have been […]
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October 07, 2021
It is October 7th, 2021, and since this has been such a recurring theme in our office this year (regarding tax year 2020 personal returns), I thought it would be appropriate to put out a blog post with some guidance. This was actually an email (reply) made to an actual client and it highlights some […]
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August 23, 2021
I’ve had several business owners ask me about the various retirement plans that are available, and how they might impact their taxes. In response, I’ve created this (very basic) listing of the Retirement Plan Options available to Business Owners. For more information, please don’t hesitate to call our office 716.320.1829. TRADITIONAL IRA: $6,000 annual […]
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September 01, 2017
When I was running my first business, I always forgot about the sales tax deadlines. First of all, I was really busy working non-stop in my business, I didn’t have any office staff, and the quarterly deadlines didn’t even start at the beginning of the calendar year (making it hard to forget). Sales tax was […]
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