Tax planning
Midyear tax planning for New York business owners
Why the middle of the year — not December, and certainly not April — is when most meaningful tax decisions for a New York business are still available to you.
Insights and New York expertise
The questions New York owners ask, answered before they become problems.
Short, practical explanations of the tax and accounting issues that come up most often for businesses operating in New York City and the Tri-State area.
Compliance
Estimated taxes for NYC business owners
How quarterly estimates work across federal, New York State, and New York City obligations, and how to keep them tied to real numbers instead of last year's return.
Owner compensation
S-corporation salary: what reasonable compensation means
The factors that inform a defensible owner salary, why the salary-versus-distribution split matters, and what documentation supports the position.
Entity structure
New York LLC to S-corporation: what to weigh first
When an S-corporation election helps a New York LLC owner, when it adds cost without benefit, and the New York State election that is easy to miss.
New York specifics
PTET and UBT: two New York items owners overlook
The pass-through entity tax election and the New York City unincorporated business tax — who they apply to, and why the deadlines matter more than the math.
Financial management
Bookkeeping that actually supports a decision
What has to be true about a set of books before an owner can use them to price, hire, or negotiate a lease — and the habits that get you there.
These summaries are general information, not tax advice, and tax rules change. Nothing here should be applied to a specific situation without a conversation about the facts.
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Your business deserves financial guidance that arrives before the decision has already been made.
Bring accounting, tax planning, payroll, and financial guidance into one relationship led by Mark Colella, CPA.