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Posted in Alerts, Articles, Featured Article

Individual tax calendar: Key deadlines for the remainder of 2017

  While the main tax deadline (April 18th) has long passed, there are others through the rest of the year that are important to be aware of. To help you make sure you don’t miss any important 2017 deadlines, here’s a look at when some key tax-related forms, payments and other actions are due. Keep…

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Posted in Featured Article, In The News

CPA Firms Tap Social Media for Recruiting, Business Development

MWE Director of Marketing Tracey Segarra offers insight to Long Island Business News on how and why the firm leverages social media to connect with the business community, and potential employees.      

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Posted in Alerts, Articles, Featured Article

The Section 1031 exchange: Why it’s such a great tax planning tool

Like many business owners, you might also own highly appreciated business or investment real estate. Fortunately, there’s an effective tax planning strategy at your disposal: the Section 1031 “like kind” exchange. It can help you defer capital gains tax on appreciated property indefinitely. How it works Section 1031 of the Internal Revenue Code allows you…

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Posted in Featured Article, In The News

Q&A: A State-Level Perspective on Federal Tax Reform

The federal tax reform plan proposed by President Trump includes the repeal of the federal estate tax, consolidation of income tax brackets, and changes to deductions. MWE Tax Partner Lance Christensen speaks to Bloomberg BNA’s SALT Talk Blog about what the reforms could mean for taxpayers overall, and at the state level.  

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Posted in Alerts, Articles, Featured Article

How to shape up your working capital

Working capital — current assets minus current liabilities — is a common measure of liquidity. High liquidity generally equates with low risk, but excessive amounts of cash tied up in working capital may detract from growth opportunities and other spending options, such as expanding to new markets, buying equipment and paying down debt. Here are…

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Posted in Featured Article, Newsletters

MWE Advisor May Highlights

May highlights from The MWE Advisor newsletter include: financial survival tips for recent college grads, distinguishing between capital and ordinary gains and losses, plus 10 simple, fun ways to cut taxes this summer.

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Posted in Alerts, Featured Article, Infographics

Nonfilers, You Can Come Out Now!

Are you a nonfiler? Check out our infographic on how to get back in the IRS’s good graces.

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Posted in Alerts, Articles, Featured Article

Real estate investor vs. professional: Why it matters

  Income and losses from investment real estate or rental property are passive by definition — unless you’re a real estate professional that materially participates in each activity. Why does this matter? Passive income may be subject to the 3.8% net investment income tax (NIIT), and passive losses generally are deductible only against passive income,…

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Posted in Alerts, Featured Article

VIDEO: MWE Escape The Office Challenge

In early-May, MWE held our “ESCAPE THE OFFICE” Challenge! Teams of four raced against the clock to figure out how to escape our prison-themed conference room.  Everyone had a blast solving the riddles, finding the clues, and working together to find their way out. And you can find the video here:

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Posted in Alerts, Articles, Featured Article

Hire your children to save taxes for your business and your family

It can be difficult in the current job market for students and recent graduates to find summer or full-time jobs. If you’re a business owner with children in this situation, you may be able to provide them with valuable experience and income while generating tax savings for both your business and your family overall.

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Posted in Featured Article, Newsletters

The MWE Distribution Advisor – Spring 2017 Edition

The MWE Distribution Advisor is our quarterly e-newsletter focused on the specific concerns of Distributors. In this edition, you’ll learn about the major accounting rule changes for lease and revenue recognition, what the research and development credit becoming permanent means for your business, and how to reduce waste.

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Posted in Alerts, Articles, Featured Article

Is annual financial reporting enough?

Businesses generally issue year-end financial statements to let investors and lenders evaluate their financial health. But proactive stakeholders — including the company’s CEO and board of directors — may want more than one “snapshot” per year of financial results. Interim statements let stakeholders know how a company is doing each quarter or month, but they…

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Posted in Articles, Featured Article

Ambitious Rail Expansion Planned to Ease Long Island Rail Road Congestion

Easing Long Island Rail Road congestion via an ambitious rail expansion plan was the hot topic at a recent Long Island Real Estate Group (LIREG) meeting. The panel discussion at last month’s meeting focused on the planned addition of a third track to the nearly 10-mile stretch of track along the main line of the…

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Posted in Featured Article, In The News

The Price of Business Interviews MWE Partner Lance Christensen on Tax Reform

MWE Tax Partner Lance Christensen spoke at length with The Price of Business radio show recently. Among the topics they discussed was tax reform, state and local taxation, tax credits, compliance issues, and whether businesses should consider forming as C-Corps.  

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Posted in Featured Article, In The News

LI’s tax widows and widowers cope without their CPA spouses

Tax ‘busy season’ typically runs from mid-January until the filing deadline in mid-April. During this time, many CPA spouses and their families find it challenging to keep it ‘business as usual’ at home as hours at the office increase. MWE Partner Scott Saulino and his wife Jennifer were interviewed by Newsday about the struggles…

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

Margolin, Winer & Evens Names Two New Partners

As part of a planned transition to a new generation of leadership, CPA and business advisory firm Margolin, Winer & Evens LLP announced the appointment of Scott Saulino and Paul E. Becht as MWE’s newest partners, effective for 2017. Saulino joined MWE in 2002 as an auditor and is a member of the…

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Posted in Alerts, Articles, Featured Article, Guides & Surveys, In The News, Newsletters

Top 100 CPA Blogs and Websites for Accounting & Tax Pros

Margolin, Winer and Evens LLP is proud to announce that the firm’s website is ranked #26 in the top 100 CPA blogs and websites for accounting and tax professionals by Feedspot. Feedspot’s editorial team and experts made the determination based on criteria that included: Google reputation and search engine ranking, influence and popularity on…

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Posted in Alerts, Featured Article, In The News

MWE Again Named as one of NYC’s Best Accounting Firms by AdvisoryHQ

      MWE is proud to announce that for the second consecutive year, the firm is ranked as one of the top 12 accounting firms in New York City by AdvisoryHQ, which provides research, independent reviews, and top rankings of financial firms and products across the…

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Posted in Alerts, Featured Article, Guides & Surveys

2016 – 2017 Web Tax Guide

Margolin, Winer & Evens LLP recently launched our 2016-2017 Web Tax Guide, a planning tool focused on recent tax legislation and the tax-related opportunities available for you and your business. Click here to begin planning for the future.

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Posted in Articles, Featured Article, In The News

Positioning Your Small Business for Success

Published in: Is Positioning Your Small Business for Success As Simple As Switching Corporate Status? Current tax reform proposals put forth by the incoming Trump Administration and the Republican House of Representatives would greatly reduce tax rates on businesses – and could make those set up as C-Corps rethink their choice of…

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Posted in Featured Article, In The News

Tax preparation checklist

With tax season in full swing, businesses and individuals are scrambling to gather tax forms, paperwork and receipts. MWE Partner Steven Schlachter offers timely best practices advice to Credit Karma, which includes a detailed taxpayer checklist.    

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Posted in Featured Article, In The News

Making and taking

MWE Co-Managing Partner Craig Savell spoke to Long Island Business News about what safeguards manufacturers should put into place to avoid fraud.      

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Posted in Alerts, Articles, Featured Article

IRS Says Phishing Scam Expanding to School Districts and Non-Profits

Every tax season, cyber criminals try to find new ways to steal money from unwary taxpayers via email scams. But the Internal Revenue Service warned this week that the scammers have widened their net to include school districts, tribal organizations and nonprofits.

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Posted in Featured Article, In The News

People can’t stop stealing wooden pallets

MWE Co-Managing Partner Craig Savell has heard from a number of manufacturing and distribution clients who have had the same issue: someone is stealing their wooden pallets. The New York Post caught up with Craig to discuss this theft and its effect on a business’ bottom line.    

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