Tax & Accounting Insights
Practical advice on taxes, bookkeeping, retirement, and business finance from the team at JRH & Associates in Garden City, NY.
Real Estate Depreciation and 1031 Exchanges: The Basics for Investors
Depreciation, cost segregation, and the 1031 like-kind exchange are the levers that decide the after-tax return on a property. Here is how each one works.
Quarterly Estimated Taxes: A Guide for the Self-Employed
When no employer withholds for you, the IRS expects payments four times a year. Here is how to calculate them, when they are due, and how to avoid penalties.
Restaurant Tip Reporting and the FICA Tip Credit Explained
Tip income brings reporting rules most owners get wrong, and one credit many leave on the table. Here is how tip reporting and the FICA tip credit work.
Sales Tax Nexus: A Guide for Long Island E-Commerce Sellers
Selling online can create a sales tax obligation in states you have never set foot in. Here is what economic nexus means and when you have to register.
Beneficial Ownership Information (BOI) Reporting: What Business Owners Need to Know
The Corporate Transparency Act asks many companies to report their owners to FinCEN. Here is what BOI reporting is, who files, and why the rules keep shifting.
2026 Tax Law Changes Long Island Businesses Should Know
Brackets, depreciation, retirement limits, and reporting thresholds all move from year to year. Here are the 2026 changes to plan around, and what to verify.
10 Tax Deductions Long Island Business Owners Frequently Miss
From the home office to Section 179 and the QBI deduction, these are the write-offs that show up most often in underprepared Nassau and Suffolk County returns.
Starting a Business in New York: The Complete Setup Checklist
From choosing your entity to the EIN, the sales tax Certificate of Authority, and payroll, here is everything to set a New York business up correctly from day one.
What to Do When You Receive an IRS Notice: A Step-by-Step Guide
A letter from the IRS does not mean you are in trouble. Most notices are routine. Here is how to read it, respond correctly, and know when to call a CPA.
SEP-IRA vs. Solo 401(k): Which Retirement Plan Is Right for the Self-Employed?
Both let the self-employed shelter a lot of income, but they fit different situations. Here is how the contribution limits, features, and deadlines compare.
Moving to Florida? What New York Residents Need to Know About Changing Your Domicile
New York audits former residents who claim Florida domicile aggressively. Here is the 183-day rule, the documentation you need, and how to protect yourself.
LLC vs. S-Corp: Which Business Structure Saves You More in Taxes?
The wrong structure can cost Long Island owners thousands in self-employment tax. Here is how to think through the LLC versus S-corp decision the right way.
Why Your Books Are a Mess and How to Fix Them Before Tax Season
Disorganized financials are the biggest obstacle to a smooth filing. Here is a practical guide to getting your books in order before the deadline hits.
No articles in this category yet. View all posts.
Questions about your tax situation?
Our Garden City team serves clients across Long Island, the tri-state area, Florida, and nationwide. Your first consultation is always free.