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New York, NY 10017
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Sarasota, FL

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Business Taxes

How Small Businesses Can Start Preparing for Next Tax Season Now

Tax Day 2020 has come and gone, but it's never too soon to start planning for the next tax season. Based on your business type, you might have a different deadline than April 15, 2021 for your next tax return filing, so it's important to work on your tax planning all year-round. Here are three simple things you can do now to start preparing for the next tax deadline. 1. Keep a tax document checklist and calendar. For many small business owners, paperwork and record-keeping is one of their least favorite tasks. Between managing employees, assisting clients, and more, it’s easy to let...

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5 Ways Your CPA Can Help You With Money Management

As your wealth and assets grow, your finances become more complex. It’s a challenge to keep up account management, financial records, and ever-changing tax regulations, and you shouldn’t have to face it alone. That’s why it’s wise to hire a trusted certified public accountant (CPA) to help you with your finances. A CPA is a financial advisor who can assist you in creating a strategic plan for managing and maximizing your wealth. How do CPAs help you manage your money? Here are just a few of the many ways your CPA can streamline your personal and business money management. 1. Bookkeeping and payment tracking For...

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Working With CPA for the First Time? What You Need to Know

A CPA can be a valuable asset to an individual or business throughout the entire year – not just during tax season. If you’ve never worked with a tax accountants before, it’s essential to understand what your working relationship might entail and how they will handle your finances. https://www.youtube.com/watch?v=tMTsvdawJ6s Because you’re trusting your CPA with sensitive personal and business financial information, you don’t want to hire the first firm you hear about, without exploring your options. It’s essential to find a firm that’s meeting your needs and has your best interests in mind. At Miller and Company LLP, we work with many clients who are...

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Tax Tips for Minority-Owned Businesses

Diversity in the business world is more important than ever right now. If your company is at least 51% owned by a woman and/or person of color, you can become a certified minority-owned business. This status can open up some tax incentives and business opportunities that may not be available to you otherwise. What is a certified minority-owned business? According to the National Minority Supplier Development Council (NMSDC) — the largest and most prominent certification body for minority-owned businesses — you must meet the following criteria to qualify as a certified minority-owned business:   You must be a U.S. citizen. Your business must...

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How Will the New PPP Loan Forgiveness Terms Impact Your Business Finances?

The coronavirus pandemic has left small businesses across the nation struggling to stay afloat and meet their payroll costs. The federal Paycheck Protection Program (PPP) was launched in March 2020 as part of the CARES Act to help business owners keep employees on payroll and off unemployment with a short-term federal loan.  The initial rollout of the program was a bit confusing for small business owners, many of whom were unclear about how to apply and what they could use their loan for. Fortunately, the government recently changed the PPP's terms to make it easier to apply for, utilize, and repay...

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Financial Solutions for Businesses Reopening After Lockdown

The COVID-19 pandemic forced many businesses to pause or adjust their in-store operations. Now that much of the country is beginning to lift restrictions, these businesses must now figure out how to safely reopen, while trying to recoup the devastating financial losses incurred during the lockdown. This is no easy task for most business owners, especially those in the restaurant, retail, and personal services industries who must limit their hours and/or in-store capacity. Even with a Paycheck Protection Program (PPP) loan to help cover payroll, you might struggle to meet other basic business expenses since you’re serving a reduced number of...

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Should You File Your Business Taxes After July 15?

By now, every American taxpayer knows that the official IRS tax filing deadline for 2019 returns and tax payments has been pushed back to July 15. This unprecedented three-month extension was the government’s response to the sweeping economic impact of COVID-19, and for many, the postponement has been a much-needed gift. However, struggling businesses may still not be fully prepared to file their tax return by the new deadline. For businesses that think they’ll need even more time this year, the IRS is still offering its usual option to apply for an additional three-month filing extension. Those who submit the appropriate...

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Tax Brackets and Where You Fit

Paul Miller is the best tax accountant in NYC, one of the few New York accountants who look beyond the page to find how your business and lifestyle can work together in ways you never imagined. Top rated CPA firm in NYC Miller & Company of New York finds solutions with a right combination of creative ideas that let your wealth work for you, not against you.  To get the most out of your taxes, leave the tax preparation work to the experts, best rated accounting NYC firm with offices in Manhattan and Queens. In some cases despite your most optimistic assumptions and your...

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10 Things New Business Owners Need to Know About Business Taxes

Paul Miller is the best rated tax accountant in NYC, one of the few New York accountants who look beyond the page to find how your business and lifestyle can work together in ways you never imagined. Top rated CPA firm in NYC Miller & Company of New York finds solutions with a right combination of creative ideas that let your wealth work for you, not against you.  Business Taxes for New Business Owners Taxes. Compared to death, taxes are a joy to do, but there aren’t many other things that compare favorably. Too often, new businesses desire small business tax tips to...

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