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Expert Tax & Accounting Insights — Page 5

Stay informed with the latest tax strategies, accounting best practices, and financial insights from our team of experienced CPAs.

Page 5 of 32

What Are Deferred Tax Assets?

Deferred Tax Assets (DTAs) represent a future tax reduction for businesses. Specifically, they arise when a company has overpaid taxes or incurred losses that can offset future tax liabilities. In essence, a DTA indicates that the company expects to lower its taxes in the future. Moreover, these assets appear on the company’s balance sheet and typically arise from temporary differences between accounting methods and tax law treatments.

August 14, 2026Accounting & Financial Management9 min read

Restaurant accounting and bookkeeping for New York operators

Restaurant accounting in New York. The FICA tip credit, the 2026 tipped wage rates, spread of hours, sales tax on prepared food, and where money leaks.

August 14, 2026Tax Strategy & Planning5 min read

When you need an international tax accountant

Do you need an international tax accountant? The triggers, the double tax decision, the estate exposure most people miss, and how to verify a CPA license.

August 13, 2026Tax Strategy & Planning9 min read

What Is a Required Minimum Distribution (RMD)?

For 2025, you must begin taking Required Minimum Distributions (RMDs) from your traditional IRA at age 73, calculated by dividing your 2024 year-end balance by the IRS life expectancy factor (e.g., 26.5 for age 73).

August 13, 2026Tax Strategy & Planning7 min read

What Is the Most Property Tax You Can Deduct?

Many homeowners believe that they can claim all of their property taxes on their federal tax return. Unfortunately, there is a limit on how much property tax can be claimed as an itemized deduction.

August 13, 2026Tax Strategy & Planning9 min read

How to File an 83(b) Election: Step-by-Step Tax Strategy

If you’re receiving equity compensation—especially in a startup—you may have heard of the 83(b) election. This powerful tax strategy allows individuals to pay taxes on the value of their restricted stock at the time of grant, rather than when it vests and could be worth much more.

August 13, 2026Tax Strategy & Planning8 min read

What Happens If I Amend My Return?

Amending a tax return allows you to correct errors or update information from a previously filed return. While this can provide financial benefits, it’s essential to understand the potential outcomes and how they might impact you.

August 13, 2026Tax Strategy & Planning8 min read

What Is NYC Deferred Comp?

NYC Deferred Comp is a retirement savings program available to eligible New York City employees. It allows participants to defer a portion of their salary into tax-deferred accounts such as the 457(b) and 401(k) plans. Contributions lower current taxable income and grow tax-free until withdrawn during retirement. For 2024, the contribution limits have increased to $23,000, with an additional $7,500 allowed for employees aged 50 or older, based on IRS guidelines.

August 13, 2026Tax Strategy & Planning8 min read

What is Foreign Earned Income Exclusion: A Guide for U.S. Expats

The Foreign Earned Income Exclusion (FEIE) is a key provision designed to help U.S. citizens and resident aliens avoid double taxation on their foreign income. This tax benefit allows qualified individuals to exclude a certain amount of their income earned abroad from U.S. taxes, reducing their overall tax burden. In this article, we’ll take a closer look at what the FEIE is, who qualifies for it, and how to claim it.

August 12, 2026Tax Strategy & Planning8 min read

What Does a Tax Accountant Do?

Tax accountant, CPA, or Enrolled Agent? What each one does, what it costs, and the six situations where paying for one is cheaper than not hiring one.

August 12, 2026Tax Strategy & Planning8 min read

How to tell if you are subject to backup withholding

Subject to backup withholding? A tax ID problem goes to whoever pays you. Underreporting comes to you directly. Three triggers, three different fixes.

August 12, 2026Tax Strategy & Planning9 min read

New York tax law changes: what is different in 2026

A New York CPA tracks New York tax law changes as they happen. MCTMT rates, 2026 brackets, SALT and PTET, and the remote worker rule that still applies.