Here are the answers to
some of the most Frequently Asked Questions our firm
receives.
Q. When should I make an
appointment to have my taxes prepared?
A. As soon
as you receive all your tax records for the year:W-2, 1099
Mortgage and real estate tax information.
Q. What steps are
necessary to start a business? A. There
are many steps to starting a business. From incorporating to
filing the proper documents with the Federal and State
governments, we can help you with each step. After your
business is operating, we can help you with all your monthly
accounting needs.
Q. How many years should I
retain my records?
A. Record
retention is very complicated. New York State requires
retention for 7 years. Records for assets, such as homes and
stock purchases should be retained for at least three years
after disposal of the asset.
Q. I just received a
1099-G, does New York state owe me money?
A. A 1099-G
is to be included with your Federal return; the form indicates
that you received a refund from New York State in the previous
year.
Q. Can I take a deduction
for my boat or RV? How much should I save for my
retirement?
A. The
answer to these questions are based on an individual's needs
and uses. Call us today for an appointment regarding any
questions you might have.
We can help you with any financial questions that
you may have.
Call us today at (516) 845-5050.