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Posted in Featured Content, Newsletters

MWE Advisor April Highlights

April highlights from The MWE Advisor: taxpayers can continue to deduct interest paid on home equity loans and find out if Roth IRAs are still beneficial under the new tax law.

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Posted in Articles, Featured Content

Consider These Factors Before Moving to a Low-Tax State

If you’re thinking of moving to a low-tax state to cut your tax bill, you’d better take your pet with you. That’s one thing New York state auditors look at when assessing whether your move is legitimate, or simply in name only. The new tax law has many advantages for closely held businesses and…

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Posted in Featured Content, In The News

Brief breather for CPAs

Tax season started earlier than usual this year, as our firm and clients began grappling with the most sweeping overhaul to the tax code in three decades. Long Island Business News caught up with Managing Partner Craig Savell and Senior Manager Jennifer Bobé to talk about the most recent tax season and how…

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Posted in Articles, Featured Content

With New 21 Percent Corporate Tax Rate, S-Corps Are Taking a Second Look at C-Corp Status

as published in Is it time to make the switch from S-Corp to C-Corp status? That’s a big question that closely held businesses currently treated as S-Corps are asking in light of the new tax law. Informally known as the Tax Cuts and Jobs Act (TCJA), the historic tax reform legislation – unrivaled in…

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Posted in Featured Content, Guides, Surveys & White Papers

Navigating the New Tax Law: When to Act and When to Hold Off

The new tax law overhauls the U.S. tax code in a scale and proportion not seen in more than 30 years. Navigating it will require skill and finesse. While the law will have a profound impact on both businesses and individuals – it slashes the corporate tax rate, eliminates the corporate alternative minimum tax and…

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Posted in Articles, Featured Content

New Tax Law Tough on Entertainment

Forget deducting season opera tickets or passes to sporting events. Ditto for business outings to the local golf course or the nearest hunting lodge. While taxpayers may see a net benefit under the new tax law that reduces tax rates to 21 percent for corporations and 37 percent for individuals at the top marginal rate,…

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Posted in Featured Content, In The News

Decisions, decisions: How to spend – or save – your tax refund

What are you planning to do with your tax refund this year? It may be tempting to go on a shopping spree or book an extravagant vacation, but you may want to leverage your refund in other ways, Lance Christensen tells Newsday.      

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Posted in Featured Content, Videos

Software companies and Nexus

In this episode of Margolin Minute, Joseph Pizzimenti, Esq., discusses how software companies can create nexus in a state that they are not physically in.

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Posted in Featured Content, Videos

Surrounding your small business with a great team

In this episode of Margolin Minute, MWE’s Alan Materazo talks about the importance of surrounding your small business with a great team.

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Posted in Featured Content, Videos

Nexus is personal

Did you know that states are going after remote sellers who don’t file tax returns in their state? States are increasingly becoming more aggressive as businesses turn to e-commerce strategies to sell their goods and services. What’s perhaps less known is how this is becoming a personal tax issue. MWE Tax Director Joseph Pizzimenti

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Posted in Featured Content, Videos

Making better decisions by using technology

MWE’s Managing Partner Craig Savell talks about leveraging technology to help provide clients with real time, pertinent financial information so they can run their businesses more efficiently.

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Posted in Featured Content, Videos

Real Estate Partnership Breakups and Section 1031

MWE’s Steven Schlachter talks real estate partnership breakups and Section 1031 exchanges in this episode of Margolin Minute.

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Posted in Featured Content, Videos

Domicile vs Residence

MWE’s Jennifer Bobé talks about the difference between a domicile versus a residence – and the tax implications of each in this episode of Margolin Minute.

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Posted in Featured Content, In The News

Why you should think twice before moving your business to a low-tax state

Business owners like saving on state and local taxes, so it’s no surprise that some are considering moving their companies to low tax states, especially after the recent sweeping tax legislation. MWE’s Lance Christensen spoke to CNBC about what you should know before relocating and why it will take more than just moving your…

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Posted in Featured Content, Newsletters

MWE Advisor February Highlights

February highlights from The MWE Advisor: six valuable tax breaks that will soon disappear, a list of deductions that survived, and three recently suspended health care related credits. 

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Posted in Articles, Featured Content

What to Expect When You’re Expecting to Sell a Business

avoid these 5 surprises when preparing your business for sale As the CFO of a company that is likely to be sold in the near term, it makes good sense to perform some due diligence about the sales process, well before you meet the buyer. The CFO’s role in a business sale transaction is a…

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Posted in Alerts, Featured Content

Margolin, Winer & Evens LLP Names James Graff Partner

graff specializes in manufacturing and distribution, beverage industry   As part of its transition to a new generation of leadership, CPA and business advisory firm Margolin, Winer & Evens LLP announced the admittance of James Graff, CPA, to the partnership, effective January 1st, 2018. James “Jim” Graff, 36, joined MWE as a staff accountant…

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Posted in Featured Content, In The News

Practice Profile: MWE has talent (and can keep it)

In a highly competitive industry, MWE has made it a priority to continue promoting strong internal communication and collaboration, and focus on recruiting, firm culture and employee retention. This month, HR Director Christine Brennan-Savino and HR Supervisor Gaby Paulino talk to Accounting Today about the state of the firm and why MWE is consistently rated…

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Posted in Articles, Featured Content

What New York’s Paid Family Leave Act Means for Your Business

by: Teresa Loheide, Manager Linda Rubenau, Paraprofessional Are part-time employees entitled to paid family leave in New York State? If you’re a New York State-based business – or even if you’re an out-of-state business with part-time employees who work at least 30 or more days in a year in New York – a new law…

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Posted in Alerts, Featured Content, Guides, Surveys & White Papers

Briefing: Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (H.R. 1) has been approved by Congress and signed by President Trump. After a last-minute procedural glitch that required the Senate to vote first on the final bill, the most sweeping change to the U.S. tax code in decades cleared the Senate, 51 to 48, in the early morning…

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Posted in Featured Content, Videos

Introducing The “Margolin Minute” Video Series

Today, CPA and business advisory firm Margolin, Winer & Evens LLP (MWE) announced the introduction of a new nine-part video series, “Margolin Minute.” Margolin Minute takes a more candid and intimate look at the tax, accounting and business topics impacting business owners and managers. The series captures some of the firm’s business leaders as they…

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Posted in Featured Content, In The News

7 Tax Terms to Know as Congress Confers

As the U.S. House and Senate negotiate a final tax bill, it is likely to include a lot of tax terms and jargon, which are important for taxpayers to understand. MWE’s Lance Christensen spoke with Consumer Reports to explain the alternative minimum tax (AMT), consumer price index, exemptions, pass-through entities, state and local taxes…

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Posted in Alerts, Articles, Featured Content, In The News

Tax reform, Amazon will impact food biz

as published in Amazon and tax reform are going to shake up the food industry in the coming year, according to a survey by Margolin Winer & Evens. The Garden City-based accounting firm surveyed 101 attendees at Tuesday’s Food + Beverage Biz LI, a Long Island Business News food industry…

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Posted in Featured Content, Newsletters

MWE Advisor November Highlights

November highlights from The MWE Advisor newsletter include: what you need to know about the House Bill and Senate Proposal for tax reform to prepare for year-end tax planning, and understanding the rules for repayment before borrowing money from your retirement plan.

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Posted in Articles, Featured Content

Use Tax: The Cost of Unintentionally Saving a Few Dollars

Is your company a distributor or manufacturer in the U.S.? If yes, then how thorough is your use tax compliance? From a sales and use tax perspective, companies like yours typically have the collection and remittance of sales tax on goods and services sold to customers down to a science. But when it comes to…

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