by George Dimov | Oct 21, 2016 | NYC Accounting
Applications for USCIS can be frightening. I get approached frequently with taxpayers that are filing documents or otherwise petitioning for various residency statuses. Part of the requirements for many USCIS forms (I-751, for example) is to have tax returns filed....
by George Dimov | Oct 21, 2016 | NYC Accounting
I have clients frequently call and, shamefully, admit that they have not filed since 2007, 1997, 1994, etc. They often feel embarrassed or feel that they are the only person in the word that has this big secret. Often, they also think that catching up or the process...
by George Dimov | Oct 21, 2016 | NYC Accounting
Absolutely. As easy as it is to order food on seamless, you can work with your CPA virtually without having to ever speak with them. For instance, my largest clients are in California, Texas, Illinois, Florida, and New Jersey, yet I still maintain a practice in New...
by George Dimov | Oct 21, 2016 | NYC Accounting
If you are an independent filmmaker in New York City, you are dealing with Federal, State, and Local taxes. Here are the things you want to remember: Keep track of all your expenses for the year. This is extremely important and can be the difference between owing no...
by George Dimov | Oct 21, 2016 | NYC Accounting
I had someone approach me with a condominium sale in Chicago. The situation is confusing for many taxpayers as the property was cash-flow positive while being negative for schedule e tax reporting purposes. There were both accumulated disallowed passive losses as well...
by George Dimov | Oct 21, 2016 | NYC Accounting
The California Franchise Tax Board has been known to garnish wages, freeze your bank account, or submit you to various unpleasantries even years after a perceived transgression of their rules. Sometimes, the taxpayer has not received a warning due to having moved to...
by George Dimov | Oct 21, 2016 | NYC Accounting
Multi-state and nonresident returns have rules that can scare the average taxpayer. Most think that living and working in different states, and consequently having to file in several states, creates a difficult situation. However, that cannot be further from the...
by George Dimov | Oct 20, 2016 | NYC Accounting
Clients will frequently tell me they have an LLC and expect that to explain everything. However, as an accountant, the LLC status does not tell me anything (except that I won’t be able to go after your personal assets in the event of bankruptcy). In other words,...
by George Dimov | Oct 20, 2016 | NYC Accounting
Freshbooks is a clean accounting software that is easy to use and very easy on the eyes. The best thing after a day of looking at quickbooks online is to login to Xero or Freshbooks. In order to do your schedule c tax return (or s corp), simply export your P&L...
by George Dimov | Oct 20, 2016 | NYC Accounting
I googled “Cost of Co-Op Audited Financial Statements in New York City” and no hard numbers came up. Luckily, I will provide this information for anyone who is curious enough to run an exact google search for these words. It depends on the size of your...
