Long Island Business

401(k) and IRA Changes for 2025: What You Need to Know

Retirement planning is evolving, and staying informed about the latest updates to Individual Retirement Accounts (IRAs) and 401(k) plans is essential. As part of the SECURE 2.0 Act, several new rules are being phased in, beginning in 2025. These changes are designed...

Key Tax Updates for 2025: IRS Annual Adjustments

The IRS has released the annual adjustments for 2025, covering tax brackets, deductions and limitations for the 2025 year. Tax Brackets and Rates for 2025 In 2025, there are seven federal income tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37% (plus a 0% rate for...

4 Best Networking Strategies for Small Business Owners

Owning a small business is a complex undertaking with many moving parts, from day-to-day operations to staff management to financial reporting. At times, you may find that you could really use another business professional to act as a sounding board for your ideas or...

Social Media & Associates, LLP – Accountants and Tax Advisors

We recently spoke with the president of a major firm who showed me a viral video he had seen on a social media platform like Instagram or TikTok regarding tax advice. I was initially surprised that someone at this level would be taking advice from a social media...

The Tax Horizon into 2025

In early 2024, an intense bipartisan negotiation took place between Democratic Senator Ron Wyden and Republican Senator Jason Smith, resulting in a tax bill that passed the House of Representatives by a significant margin (357-70). This bill included several key...

FOR IMMEDIATE RELEASE CERINI & ASSOCIATES, LLP ANNOUNCES PROMOTION AND NEW HIRES – OCT 2024

Contact: Kelli-Anne CeriniMarketing ManagerCerini & Associates, LLPP: 631-582-1600 ext. 401E: [email protected] IMMEDIATE RELEASE CERINI & ASSOCIATES, LLP ANNOUNCES PROMOTION AND NEW HIRES THIS OCTOBER October 7, 2024 – Bohemia, NY – Cerini &...

Cerini Connection: Strategies for Effective Development

October 2024 Cerini Connection Topic: Strategies for Effective Development Join Ken Cerini and guest Jarrid Pearson of PuzzleHR for our monthly webinar series helping businesses and nonprofits! They will discuss: The positive impact of developing employees in an...

Streamline Staff Management: 4 Tactics for Small Businesses

Small businesses have a significant impact on the economy, employing 45.9% of all American employees. But recruiting, hiring, and managing these employees can be tricky for small business owners who are already going in a dozen different directions every day....

How ASC 606 Impacts Technology Companies and SaaS Software Providers

In today’s fast-paced technology-driven economy, adhering to stringent financial standards is crucial for sustaining growth and ensuring transparency. The adoption of Accounting Standards Codification (ASC) 606 by the Financial Accounting Standards Board (FASB) has...

Equity-Based Compensation – The Employee and Employer Tax Perspectives

Equity-based compensation offers significant advantages for both employees and employers. For employees, it presents the opportunity for significant financial rewards, fosters a sense of ownership and alignment with company goals, and enhances overall compensation...

Adapting to the Rise of Generation Z in the Workplace

If you are a fan of football, college or professional, like me, you would have noticed that there were some major changes to the league since the season came to an end. While the coaching carousel is an offseason standard, this year we saw the retirement of legendary...

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ATTENTION: NY IAS Payment Due by July 21

If your business paid New York State unemployment insurance (SUI) wages during the lookback period from October 1, 2022, to September 30, 2023, you should receive an Interest Assessment Surcharge (IAS) notice around June 21, 2024. Payments are due by July 21, 2024....

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Empowering Workers: Department of Labor’s New Overtime Rule Benefits 4.3 Million Americans

The U.S. Department of Labor has made a significant move with its latest final rule, which revamps regulations concerning overtime pay eligibility. This change is poised to impact the lives of millions of American workers, addressing long-standing concerns and modernizing labor standards. Let’s delve into why this development is crucial and how it will affect both employees and employers.

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Cerini Connection: Creating an Impactful Website

December 2023 Cerini Connection Topic: Creating an Impactful Website Join Ken Cerini and Simon Lewis Founder of Suffolk County Webmasters as they discuss the secrets to a successful online presence in our upcoming webinar! Whether you’re a seasoned pro or new to the...

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Cerini Connection: Pay Transparency & Retaining Employees

November 2023 Cerini Connection Topic: Pay Transparency & Retaining Employees Join Ken Cerini and guests Susan Kreeger and Jill Krumholz from RealHR Solutions for our monthly webinar series helping businesses and nonprofits! The conversation delved into several...

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IRS Releases Tax Brackets and Other Key Limits for 2024

On November 9, 2023 the IRS released the 2024 tax brackets, standard deduction and retirement account limits. As a result of the high inflation seen in 2023, brackets will increase by about 5.4% with similar increases seen in other limits.2024 Standard Deduction The...

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