Long Island Business

ASC 730 and its Effect on Research & Development (“R&D”) Tax Credit Examinations

For C corporations, S corporations, and partnerships with assets greater than $10 million, claiming and providing proof to substantiate the credit for increasing research activities (US Code Sec. 41) can now be much less difficult and time-consuming. New guidance...

Our Early Thoughts on the Senate Tax Cuts and Jobs Act

Following the House Ways and Means Committee release of their draft and markup of the Tax Cuts and Jobs Act (TCJA), the Senate Finance Committee released its bill on Thursday, November 9th. Like the House bill before it, the initial release called for substantive...

NYS Cemetery Reminder: Annual Report Revisions and Updates

The New York State Division of Cemeteries released a revised annual financial report form this year for regulated cemeteries to complete. It is a requirement for all cemeteries to fill out this form, including cemeteries that submit audited or reviewed financial...

Our Early Thoughts on the Tax Cuts and Jobs Act

Finally, after months of fanfare, blueprints, and endless requests from our Managing Partner Ken Cerini to put out content on what a potential Republican tax plan would mean for our clients, last week the House Ways and Means Committee released the “Tax Cuts and Jobs...

Are You Ripping Off Your Employees?

As Plan Sponsors, we rely on investment platforms offered by registered investment companies to gear our employees towards safe retirement. As employees, we place trust in our employers to act with the prudence that their fiduciary title commands. But, can we place...

CEO Nightmares

“Uneasy lies the head that wears a crown.” If you’re a business owner, chances are you’ve had your fair-share of sleepless nights, worrying and wondering about what may be lurking in the shadows, ready to derail your fortunes. In keeping with the spirit of the season,...

Guest Article: These Networking Blunders Can Cost You

Successful entrepreneurs know that having a strong network behind them is critical. Done well, networking is hard but important work. There’s no shortage of mixers, parties, meetings, and lectures to attend, and most professionals, business owners, and job seekers...

10 Helpful Tips for Tech Startups

There is no doubt that creating a tech startup is a monumental undertaking. Even if you have a new and innovative idea, translating this idea into a successful business requires a great deal of hard work and sacrifice. Although there are no shortcuts to accomplishing...

Nexus & Sales Tax – Technology

One of the most challenging taxation issues that technology companies face is sales tax. Unlike income tax, which is generally the same between federal tax and state tax, just at different rates, sales tax has a different base (some transactions may be taxable in one...

Research & Development Tax Credits – Technology

The Credit for Increasing Research Activities, or as it’s more commonly known, the Research and Development (R&D) credit, is a federal tax credit designed to benefit businesses who conduct certain qualifying R&D activities. With the passage of the Protecting...
Taxation of Fringe Benefits

Taxation of Fringe Benefits

Many companies use fringe benefit programs as a tool for attracting and retaining talented employees. These programs have become especially vital as the “War for Talent” has gotten more competitive and benefit programs have become more widely known. What was once...

read more
Guest Article: 10 Key Elements Of A Disaster Recovery Plan

Guest Article: 10 Key Elements Of A Disaster Recovery Plan

Reposted from Webair: Posted on February 16, 2018, by Kwan Fai Cheng Hurricane season on Long Island officially starts June 1st, but many of us consider the prime time to be August through October as recent storms Irene and Sandy come to mind and now Florence is on...

read more
Cerini’s 10th Annual Intern Olympics

Cerini’s 10th Annual Intern Olympics

This year we went high tech documenting our tenth annual Intern Olympics! Each year the staff plays "Minute to Win It" games and outdoor extreme chair racing with our newest team members and interns. Even though we suffered a few falls, this was the best Intern...

read more
Tax Reform 2.0

Tax Reform 2.0

The Tax Cuts and Jobs Act (TCJA) signed on December 22, 2017, brought many changes for 2018. We saw big cuts to corporate & individual tax rates, fewer estates impacted by the estate tax, tax savings for some pass-through businesses, among other tax changes. Now...

read more
Cerini & Associates’ 25th Anniversary

Cerini & Associates’ 25th Anniversary

"25 years ago today, I walked out of my house and into my garage to start my new full-time job. No more paychecks from a Big 4 accounting firm, no more safety nets … just the drive and determination to create a different type of accounting firm … one where value,...

read more
Guest Article: Surfing a Silver Tsunami

Guest Article: Surfing a Silver Tsunami

The “Silver Tsunami” is upon us: every day in the United States, 10,000 people turn 65. According to the Administration on Aging, those over 65 represent more than 15% of the population; that will swell to more than 20% of the population in the next decade. Americans...

read more
Outsourcing Does Not Mean Relinquishing Control

Outsourcing Does Not Mean Relinquishing Control

Outsourcing provides businesses with the opportunity to provide additional support or expertise without adding additional full-time staff and access to specialized knowledge that may otherwise be unavailable to the business. Many businesses believe that outsourcing a...

read more
2018 Global Study on Occupational Fraud and Abuse

2018 Global Study on Occupational Fraud and Abuse

Introduction Occupational fraud is fraud committed against an organization by its own officers, directors, or employees. This type of fraud is the most prevalent type of fraud against an organization and its assets. Data gathered shows that occupational fraud occurred...

read more