Long Island Business

The Blockchain Revolution

Since the financial crisis of 2008, confidence in the banking system shifted to new horizons, which opened the door for Bitcoin and other cryptocurrencies (digital currencies that are not controlled by a central bank). The technology at the heart of this...

“To C or Not to C, that is the Question”

One of the most drastic changes in the Tax Cuts and Jobs Act was a reduction in the Federal Corporate Income Tax Rate from 35% to 21%. This change, in turn, has many business taxpayers currently organized as an S Corporation or an LLC (and thereby subject to...

Retirement Plan Primer

For businesses, retirement plans can provide tax advantages to owners and give employees a good reason to save for their futures. Each retirement plan comes with its own advantages and disadvantages. The same type of plan can be a disaster for one company while being...

Why Organizations Should be Proactive About Changes to Lease Accounting Rules

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) Topic 842 – Leases in an effort to improve financial reporting as it relates to leasing transactions. The main goal of the ASU is to increase transparency and comparability among...

Take Pride in your Country… and Job!

The 2018 Winter Olympics in Pyeongchang have officially begun! Ninety four nations are participating in over 100 events across various sports, such as skiing, bobsleigh, curling, figure skating, ice hockey, luge, and snowboarding. Notably, the NHL and International...

Annual Review of Employee Retirement Plans

Many businesses recognize the significance of having some sort of employee retirement plan put in place; however, a large number of these businesses don’t understand the importance of performing annual reviews of these retirement plans in order to decrease the risk of...

Tax Updates for 2018

At first glance the recently passed Tax Cuts and Jobs Act seems to hit Long Island and all high tax areas pretty hard for a few reasons: 1. Many businesses on Long Island are pass-through entities in the service sector which do not qualify for the reduced corporate...

Employee Scheduling Regulations

The Department of Labor has filed proposed rules to adjust the employee scheduling regulations to benefit employees for their “Just-In-Time,” “Call-In,” or “On-Call” scheduling. The full list of proposed changes to the regulations were posted November 22, 2017 in the...

The most wonderful time of the year – not if you are scammed

Travel and shopping have become synonymous with this time of year. Trying to juggle working and year-end deadlines with buying gifts and visiting family and friends, often leaves people exhausted. Looking for short-cuts to getting all your items on your list checked...

Ken Cerini in HIA-LI Newspaper: The Reporter

HIA-LI CEO BRIEF Featuring Kenneth Cerini, CPA, CFP of Cerini & Associates, LLP Tell us about how you/your company started. Back in 1993, I gave notice to the managing partner of the Long Island office of Ernst & Young and started C&A out of my converted...
Using Social Media to Market Your Medical Practice

Using Social Media to Market Your Medical Practice

Like practicing medicine, marketing a medical practice requires precision and experience with the appropriate instruments for optimal results. One of the most easily accessible and effective marketing channels available to physician practices is social media, such as...

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Trick or Treat – Letters From Taxing Authorities

Trick or Treat – Letters From Taxing Authorities

One of the scariest experiences for taxpayers can be correspondence from the IRS or other taxing authorities. The mere sight of one of these official letters can turn even the most experienced taxpayer or business owner white as a ghost from fear. Not all letters from...

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Guest Article: Going to the Cloud

Guest Article: Going to the Cloud

Looking to reduce the risk of disruptions in computer operations and reduce costs? Virtualizing your data center may provide the answer. With the 2% tax-cap and the cost of computer equipment replacement costs, schools are faced with a real challenge finding funds to...

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New York’s New Anti-Sexual Harassment Laws

New York’s New Anti-Sexual Harassment Laws

Effective October 19, 2018, all New York State employers will be required by law to implement a sexual harassment policy within their organizations. This law comes after a tidal wave of sexual harassment allegations that have plagued many American politicians,...

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Privacy Policy Best Practices

Privacy Policy Best Practices

The rapid change in technology and the constant push to make all things digital in today’s world, has forced individuals to release their personal information to hundreds of companies, servers, and people around the globe. As personal information data is increasingly...

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Ten Tips to Keep Your Office Energy Efficient

Ten Tips to Keep Your Office Energy Efficient

1.) Turn Off Lights and Equipment When Not in Use It’s not everyday that you get such a simple solution to a complex problem, but this tip has withstood the test of time and remains one of the easiest, most direct ways you can save on your energy bills. How many...

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How Content Marketing Isn’t as Bad as You Think

How Content Marketing Isn’t as Bad as You Think

Content Marketing is a bridge that allows businesses like yours to be easily discovered by prospects or referral sources and is one of the cheapest and most efficient ways for companies to increase their reputation within the marketplace and increase their web...

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