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In real estate investments, market fluctuations must be anticipated. From a legal standpoint, that requires due diligence. Our commercial real estate clients need to understand not only the consequences of entering into a contractual relationship, but also how to exit it, should the need arise.

Common small business tax mistakes

As tax season quickly approaches, business owners are preparing their documentation with great care. While no one wants to file an inaccurate return, mistakes can and will happen. In fact, many mistakes can be avoided when business owners have the right information at their disposal. Doing so will stave off costly penalties, as well as prevent a damaging audit from occurring down the line.

What are some overlooked small business tax deductions?

To really take advantage of tax savings, small business owners in New York must take the right steps to ensure they are making the most of all potential deductions. These deductions can really add up at tax time, thereby freeing up some much-needed funding for essential business costs.

How can I appeal a tax dispute?

Even the most responsible small business owners in New York may find themselves facing tax disputes from time to time. In some cases, you might even disagree with the IRS's findings, which can necessitate making a formal appeal. Accordingly, being aware of the appeals process and how it works is crucial to ensuring your concerns receive the appropriate attention.

What can I do if my business gets audited?

There is nothing more frightening for Manhattan entrepreneurs than being notified of an impending business audit. Even if you make every effort to file your taxes accurately and in a timely manner, one small oversight or error could be working against you. To this end, knowing how to mitigate damage caused by an IRS audit is crucial to lasting commercial success.

Tips on avoiding common small business tax mistakes

When it comes to a small business, tax preparation is no easy feat. New York entrepreneurs make all sorts of mistakes when filing taxes on behalf of their commercial enterprises, some of which can have lasting consequences. Fortunately, it’s easy to avoid these common mistakes, provided the right information is available.

How can I choose the right business structure?

As a Manhattan entrepreneur, you face a wide variety of important decisions on a daily basis. This is especially true when first getting a commercial enterprise off the ground, which entails selecting the right business structure for your specific needs. Your business’s designation can have a range of effects, and can even dictate your annual tax burden.

How can I decrease taxes for my small business?

Taxes can be an increasing burden for many small business owners in Manhattan. However, there are a few methods you can utilize to mitigate growing tax amounts. With a bit of planning and the right information, you can work to keep your business’s taxes in check from one year to the next.

Does my nonprofit corporation have to file taxes?

If you are the owner of nonprofit corporation in New York, you may be wondering just how to approach common tax issues. Filing taxes in an accurate manner is extremely important for nonprofits, as failure to do so can have a dire impact on the future of your enterprise.

Tax tips every small business owner should know

Taxes can be a challenging issue for many business owners in New York, especially for those at the helm of small businesses seeking to reduce their tax burden while also accurately filing their returns. Accordingly, the following tips can shed light what it takes to properly file taxes, in addition to introducing some potentially valuable deductions.

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