by George Dimov | Aug 27, 2020 | NYC Accounting
Here at George Dimov, CPA, we know it can be taxing on any new business to stack up against fierce competition in harsh economic times. That’s why we’re here to help! We offer premium tax and accounting services in NYC for individuals and businesses. We have the...
by George Dimov | Jul 27, 2019 | NYC Accounting
The IRS recently announced that they will be sending letters to 10,000 taxpayers regarding missing cryptocurrency transactions from their returns. There are three notices being sent out, most typically CP-2000-series notices. These are the same type of notices being...
by George Dimov | Jan 14, 2019 | NYC Accounting
When it comes to taxes, there are numerous factors that need to be considered. This is especially true for business owners. A limited liability company (LLC) is one of the newest forms of businesses that is actually formed through the state. Because these types of...
by George Dimov | Jan 8, 2019 | NYC Accounting
Investing in real estate has several benefits, particularly when tax season arrives. And with the market value of NYC property growing for the sixth straight fiscal year in 2017, more people are investing in real estate than ever before. If you’ve been...
by George Dimov | Jan 2, 2019 | NYC Accounting
As a homeowner, you should have a good understanding of what can and can’t be deducted from your taxes. This tax system is pretty straight-forward, but it can be a little more complex if you own a second home. So let’s take a look at a few key differences...
by George Dimov | Dec 11, 2018 | NYC Accounting
When it comes to knowing what kind of items can be tax exempt or tax-deductible, you may be confused. There are certain items that are easy to understand — like how uncut bagels in NYC are tax exempt while sliced bagels have an 8.875% sales taxed as it counts as...
by George Dimov | Dec 11, 2018 | NYC Accounting
Taxes are based on a number of factors, like household income. For example, in NYC, the average household income is around $50,711 according to the U.S. Census Bureau. And with the help tax accountants, people can easily file their taxes. But for corporations, filing...
by George Dimov | Nov 19, 2018 | NYC Accounting
The race is on! Amazon’s very public search for a location to house its second headquarters has chosen an unlikely front runner: the Big Apple itself. Despite the city’s sky-high state and local taxes, Amazon is nearing a deal to set up shop in Long Island...
by George Dimov | Nov 10, 2018 | NYC Accounting
New York City is famous for its extreme tax rates, but the franchise tax is statewide rather than central to the regulations of the city itself. If you own a business, you’ve probably noticed the franchise tax pop up on your corporate taxes when you filed. If...
by George Dimov | Oct 30, 2018 | NYC Accounting
NYC Accountant George Dimov: Worry-Free Financial Management Trust Us For Any And All NYC Accounting Needs New York City boasts a population of a staggering 8.6 million people — simply finding the best bakery leads you to dozens (if not hundreds) of options,...