Long Island Business

The Extra Vig: What Mobile Sports Bettors Need to Know About Taxes

On January 8, 2022, online sports betting launched in New York much to the excitement of sports fans and betting enthusiasts. The 2018 Supreme Court decision that struck down the Professional Amateur Sports Protection Act (PASPA) opened the door to allow individual...

Press Release: Cerini & Associates, LLP Merges In Joseph Sciacca & Company CPA’s P.C.

Contact: Kelli-Anne Cerini Marketing Manager Cerini & Associates, LLP P: 631-582-1600 ext. 401 E: [email protected] Cerini & Associates, LLP Merges In Joseph Sciacca & Company CPA's P.C. FOR IMMEDIATE RELEASE – January 18, 2022 – Bohemia, NY – Cerini...

2022 WORKSPACE TRENDS

As we enter 2022, we continue to see a shift in the physical workplace and what the future of offices will be. Here are some trends we are seeing as we enter into 2022: Downsizing: Going by the average, a standard office lease for a nonprofit in the USA will be around...

Crowdfunding

What is Crowdfunding? Crowdfunding is the idea of funding projects or businesses from a crowd, rather than having a few investors contribute to the project or business idea. Crowdfunding is typically used in a start-up business to bring a new product or service into...

Trends Impacting Business

The COVID-19 pandemic continues to be a devastating event that is transforming the world in many ways. One of the most transformed areas, especially in the United States, is the business world. Every single sector that conducts business in the United States, no matter...

Zoom Fatigue

What is Zoom Fatigue? With COVID-19 forcing many businesses to work remotely, there has been a dramatic increase in the use of Zoom, Skype, Facetime, and other video call applications. While these video calls allow people to safely connect, there are also several...

Cerini Nonprofit Connection: Great Resignation

November 2021 Cerini Nonprofit Connection Topic: Great Resignation Ken Cerini and guest speakers Jill Krumholz of RealHR Solutions and Jennifer C. Loftus of Astron Solutions discussed what you can do to lessen the hit on your organization due to the Great...

New York State Pass-Through Entity Tax (PTET) – What All Business Owners Need to Know

Earlier this year New York State created a new optional Pass-Through Entity Tax which can allow owners of pass-through entities (such as LLCs or S Corporations) to pay an entity level tax to cover the state tax liability of its owners. The tax paid by the entity is...

Is it too Soon for Crypto to Come to the 401(K)?

Cryptocurrencies have increasingly gained traction throughout the last decade. As technology progressed, cryptocurrency, or crypto for short, has gained momentum as not only a medium for exchange, but also as an investment opportunity. There are thousands of different...

Secure Act 2.0

Retirement plans have experienced some regulation changes over the past year thanks to the SECURE Act. The SECURE Act was put into place to make retirement plans more accessible and beneficial to participants and employers. There is a new bill going through Congress...
A CYBERSECURITY PRIMER

A CYBERSECURITY PRIMER

Cybersecurity in a nutshell is the combination of knowledge about what information is valuable in your organization, who wants to exploit it, why they want to exploit it, what your organization is willing to do to prevent a breach of information, and how well your...

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IT CONTROLS – BEST PRACTICES

IT CONTROLS – BEST PRACTICES

First Point: It’s Everyone’s Problem COO Ultimately responsible for the operational viability of the firm. The COO must support the CIO and CTO. They must hold every employee to a high standard of protecting the firm’s interests through careful attention and vigilance...

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Lease Accounting – Business

Lease Accounting – Business

BACKGROUND For many businesses, their largest non-labor cost is facilities. There has always been some disparity in the comparability of financial statements between companies, as some own their facilities while others rent. Several years ago, the Financial Accounting...

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