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Posted in The Bottom Line, Featured Post, Infographics, Featured Content

How ancient Incan bean counters counted… beans

Fun fact: Ancient Incans took a “crafty” approach to accounting.

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Posted in Featured Content, In The News

Will Big Tax Changes Mean Smaller Refunds?

Will big tax changes mean smaller refunds? MWE Tax Director Joseph Pizzimenti, Esq., offers Pix 11’s ‘Financial Fix’ the answer to this very important question that’s on the mind of many New Yorkers. See his response in this video clip.      

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Posted in The Bottom Line, Featured Post, Small Business, Featured Content

Beware the Ides of March — if you own a pass-through entity

Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why? The Ides of March, more commonly known as March 15, is the federal income tax filing deadline for these “pass-through” entities.

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Posted in Featured Content, Newsletters

MWE Advisor February Highlights

February highlights from The MWE Advisor: IRS issues final QBI deduction regulations that address rental activities, the impact of net capital gains, offers guidance to help real estate investors understand the new deduction, and more.

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Posted in Featured Content, In The News

What Is a 1099 Form and Who Gets One?

If you have never received a 1099 form before, you may want to familiarize yourself with this important tax form. MWE tax partner Lance Christensen and tax director Debbie Oster talk to U.S. News & World Report about the form, why you may receive one, common types of 1099 forms, and why it’s never…

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Posted in The Bottom Line, Featured Post, Infographics, Featured Content

Because you believe in second chances

Infographic: Remarrying? Here are five ways to protect everyone’s financial interests.

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Posted in The Bottom Line, Featured Post, Individual Tax Brief, Featured Content

Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return

While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to many individual taxpayers. Here are five deductions you may see shrink or disappear when you file your 2018 income tax return:

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Posted in The Bottom Line, Featured Post, Infographics, Featured Content

The artificial intelligence revolution is here

Infographic: Artificial intelligence by the numbers.

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Posted in The Bottom Line, Featured Post, Individual Tax Brief, Featured Content

There’s still time to get substantiation for 2018 donations

If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your 2018 year-end donations. But what happens if you haven’t received such a letter — can you still claim an itemized deduction for the gift on your 2018 income tax return? It depends. Basic requirements

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Posted in Featured Content, Newsletters

MWE Advisor January Highlights

January highlights from The MWE Advisor: Important tax figures for 2019 and 10 New Year’s resolutions to improve your personal financial position.

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Posted in The Bottom Line, Featured Post, General Business, Featured Content

Getting wise to the rise of “smart” buildings

Nowadays, data drives everything — including the very buildings in which companies operate. If your business is considering upgrading its current facility, or moving to or constructing a new one, it’s important to be aware of “smart” buildings. A smart building is one equipped with a variety of sensors that gather and track information about…

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Posted in The Bottom Line, Featured Post, Infographics, Featured Content

How to spend less, much less, in 2019

Infographic: 5 ways to dramatically reduce personal spending this year.

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Posted in Articles, Featured Content

Keys to Successful Private Equity Real Estate Partnerships

Today’s real estate market holds win-win opportunities for both private equity and closely held property owners. As with any business arrangement, however, successful partnering requires that both types of entities understand the nuances of their agreement up front. Here’s what to keep in mind to ensure a mutually profitable outcome.

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Posted in The Bottom Line, Featured Post, Individual Tax Brief, Featured Content

A review of significant TCJA provisions impacting individual taxpayers

Now that 2019 has begun, there may not be too much you can do to reduce your 2018 income tax liability. But it’s smart to begin preparing for filing your 2018 return. Because the Tax Cuts and Jobs Act (TCJA), which was signed into law at the end of 2017, likely will have a major impact on…

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Posted in The Bottom Line, Featured Post, Small Business, Featured Content

Business owners: An exit strategy should be part of your tax planning

Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks (especially if you own a pass-through entity). But you also must look out for your own financial future. For example, you need to develop an exit strategy so that…

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Posted in Featured Content, In The News

Should I Take the Standard Deduction?

When filing taxes, one of the initial decisions you’ll make is whether or not to take the standard deduction or itemize your deductions. U.S. News & World Report caught up with MWE tax partner Lance Christensen to discuss the benefits and pitfalls of this important decision.  

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Posted in Articles, Featured Content

Low-Hanging Fruit for Year-End Tax Planning

With two weeks to go until the New Year, now is the time for businesses and individuals to reach for low-hanging fruit in end-of-year tax planning. While the new tax law reduced the corporate tax rate from 35 to 21 percent, many small- and mid-size businesses still benefit from pass-through entity status. The tax ramifications…

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Posted in Featured Content, Videos

What is your favorite place to eat near the office?

Our Garden City office is located right next to Roosevelt Field Mall, which has many options to choose from for lunch or dinner. So we just had to ask one last question…

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Posted in Articles, Featured Content

Financing Options for Middle-Market Businesses

With slowly rising interest rates, many middle-market businesses are reevaluating their borrowing options. Before closing the deal, it’s important to fully understand the differences between traditional and alternative funding sources. Here’s a look at each. Alternative Lending While the market is still strong, many businesses are considering selling before valuations dip. For prospective buyers, nontraditional…

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Posted in Featured Content, Videos

What surprised you about your first busy season? (Part 2)

Hear what Chris and Anthony shared about what surprised them most about their first busy season.

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Posted in Alerts, Featured Content

Event Alert: Private Equity Meets Privately Owned Real Estate

Ever since the recession altered the real estate economic landscape, private equity firms have been gaining a strong foothold in the real estate world. Usually, it’s a win/win for both sides. Developers get the cash they need to buy and build. Private equity firms attract investors and earn healthy returns. But there are pitfalls. Read More

Posted in Featured Content, Videos

What is your favorite MWE event or activity? (Part 2)

In addition to participating in internal events, our people love getting out in the open air and enjoying out-of-the-office activities, too.

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Posted in Featured Content, Videos

What do you wish you knew about your first year in public accounting? (Part 2)

Starting your first year in public accounting can definitely be a challenge. But never fear, our class of 2017 is here to tell you what they wish they knew before starting their professional careers!

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Posted in The Bottom Line, Featured Post, Infographics, Featured Content

Grinches don’t deserve your generosity

Infographic: Five signs that a “charity” might be fraudulent.

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Posted in Featured Content, Videos

What is your favorite MWE event or activity? (Part 1)

Building a community and family is an important part of MWE’s mission and we host many events for the staff throughout the year. Listen in as Jesse, Anthony, and Christine share some of their favorites!

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Posted in The Bottom Line, Featured Post, Small Business, Featured Content

It’s not too late: You can still set up a retirement plan for 2018

If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t already set up a tax-advantaged retirement plan, consider doing so this year. There’s still time to set one up and make contributions that will be deductible on your 2018 tax return! More benefits Not only…

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Posted in Featured Content, Videos

What surprised you about your first busy season? (Part 1)

It’s impossible not to have some expectations when it comes to working your first busy season, but everything may not go as you imagine. Check out what surprised Christine and Danielle during their first busy season.

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Posted in Alerts, Featured Content

Wayfair: The Nexus Net Will Catch More Than Just Online Sellers

Join MWE Director Joseph Pizzimenti, Esq., on Monday, November 26th for a complimentary webinar, “Wayfair: The Nexus Net Will Catch More Than Just Online Sellers.” Attendees will receive an up-to-date analysis of the Wayfair decision and its ramifications for multistate companies. Attendees will earn one and half hours of CPE credits. Click here…

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Posted in Alerts, Articles, Featured Content

Opportunities and Threats Loom for Long Island Transforming into the Next ‘Urban Suburbia’

Can Long Island become the next urban suburbia? That was the main question posed to industry leaders and top executives from across Long Island and New York City as they gathered last week at the Garden City Hotel for a morning of networking and conversation at Bisnow’s Long Island State of the Market event.

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Posted in Featured Content, Videos

What do you wish you knew about your first year in public accounting? (Part 1)

Going from backpack to briefcase can be tough. Looking back, Anthony and Jesse reflect on what they learned in their first year and what they wished they knew when they first started at MWE.

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Posted in The Bottom Line, Featured Post, Accounting & Auditing, Featured Content

How auditors assess risk when preparing financial statements

Every year, your audit firm will conduct a fresh risk assessment before the start of fieldwork. Why? Because your auditor wants to mitigate the risk of expressing an incorrect opinion regarding the accuracy and integrity of the company’s financial statements. Inadvertently signing off on financial statements that contain material misstatements can open a Pandora’s box…

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Posted in Featured Content, In The News

Will You Thank or Curse Trump for Your Tax Bill?

The upcoming tax season will be the first time many people will face a new tax liability under President Donald Trump’s tax reform. And for these filers, how their tax liability will look remains mysterious. MWE tax Partner Lance Christensen spoke to U.S. News & World Report about what people should expect to see…

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Posted in The Bottom Line, Featured Post, State & Local Strategies, Corporate Income Tax, Income and Franchise, Nexus, Personal Income Tax, Property and Other State/Local Tax Issues, Featured Content

New York Employers: Is the Employer Compensation Expense Tax A Trick or Treat?

In April of this year, New York Governor Cuomo signed the 2018-2019 Fiscal Year budget. The Budget adopted the Employer Compensation Expense Tax (ECET) in an attempt to offset the Tax Cuts and Jobs Act (TCJA) $10,000 state and local tax (SALT) deduction limitation and its potential negative effect on individual taxpayers…

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Posted in The Bottom Line, Featured Post, Infographics, Featured Content

Get your (inventory) act together

Infographic: Minimize inventory and reap multiple benefits.

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Posted in The Bottom Line, Featured Post, Small Business, Featured Content

Tax-free fringe benefits help small businesses and their employees

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some popular options. Insurance Businesses can provide their employees with various types of insurance…

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T 516.747.2000 // F 516.747.6707

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T 212.973.1000 // F 212.973.1004

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George Town, Grand Cayman, Cayman Islands, B.W.I