Margolin, Winer & Evens LLC - Certified Public Accountants and Business Advisors

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the power of

we

Your goals, our guidance, building success.

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the power of

growth

At MWE, you are a priority, not a project. We are dedicated to the financial health of you and your company so you can focus on building your business.

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the power of

teamwork

With MWE, you can expect a high level of involvement and regular communication with partners, who are both proactive and highly responsive.

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the power of

trust

At MWE, you have a senior team that is personally invested in your success and looking out for your best financial interests.

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Who We Are

Margolin, Winer & Evens LLP ("MWE") is one of the largest accounting and business advisory firms in the Northeast. Since 1946, MWE has been providing accounting, auditing, tax planning, tax strategies and advisory services. Today, the scope of our services embraces virtually every industry and market niche.

How to report COVID-19-related debt restructuring

Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from the Financial Accounting Standards Board (FASB) confirms that short-term modifications due to the COVID-19 pandemic won’t be subject to the complex accounting rules for troubled debt restructurings (TDRs). Here are the details.

Tax implications of working from home and collecting unemployment

COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations.

Who got Paycheck Protection Program loans and for how much?

Infographic: A look at Paycheck Protection Program loan numbers.

MWE Advisor August Highlights

August highlights from The MWE Advisor: Some companies may qualify for a refund if they amend previous tax returns with net operating losses; Five mid-year tax planning ideas for small business owners; The FASB issued guidance that defers the effective dates of the updated standards on leases and revenue recognition rules for certain entities.

5 common accounting software mistakes to avoid

No company can afford to operate without the right accounting software. When considering whether to buy a new product or upgrade their current solutions, however, business owners often fall prey to some common mistakes. Here are five gaffes to avoid:

Margolin, Winer & Evens LLP Names Todd DeLuca Partner

DeLuca specializes in the manufacturing and distribution, real estate industries   As part of its continued transition to a new generation of leadership, CPA and business advisory firm Margolin, Winer & Evens LLP announced the admittance of Todd DeLuca, CPA, to the partnership.

The possible tax consequences of PPP loans

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications.

You don’t have to be a detective to find fraud

Infographic: What are the most common ways companies uncover occupational fraud?

Proposed Like-Kind Exchange Regulations Clarify What Property Qualifies for Tax Deferral Under Section 1031

On June 12, 2020, the IRS released proposed regulations that once finalized would clarify a few key factors for taxpayers participating in like-kind exchanges after the enactment of the Tax Cuts and Jobs Act (TCJA). Under Section 1031 of the Internal Revenue Code, taxpayers can defer gain recognition on sales of…

Even if no money changes hands, bartering is a taxable transaction

During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your business gets involved in bartering, remember that the fair market value of goods that you receive in bartering is taxable income. And if you exchange…

For additional funding, take a stroll down main street

If your business didn’t qualify for a PPP loan, you may want to check out the Federal Reserve’s new Main Street Lending Program.

Here’s what happens to your PPP loan if your small business fails

Millions of small businesses impacted by the coronavirus pandemic have received relief via Paycheck Protection Program and Economic Injury Disaster loans, but according to a survey, many of them still don’t expect to survive. In a recent CNBC.com article, MWE partner Paul Becht discusses what could happen to you and your loan(s) if your…

Decoupling from the CARES Act New York City Style – The Sequel

Late last Wednesday, Governor Cuomo signed legislation, A10519/S08411, that decoupled additional provisions from the CARES Act for New York City Business Taxes.  The legislation may have personal income tax considerations because the legislation has provisions that apply to New York City pass through entity level taxes. The…

NYS Decoupling from CARES Act – Section 163(j) Limitation – How to Make Complicated More Complicated

In our two previous posts on the New York State Budget’s Decoupling {“Decoupling”}, we discussed the myriad of implications arising from the Decoupling that focused on the Personal Income Tax as well as Pass Through Entity (PTE) ramifications to the extent the Decoupling’s affects would be required to be reflected by PTEs for…

PPP Flexibility Act eases rules for borrowers coping with COVID-19

Back in April, the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) to help companies reeling from the economic impact of the COVID-19 pandemic. Created under a provision of the Coronavirus Aid, Relief and Economic Security (CARES) Act, the PPP is generally available to U.S. businesses with fewer than 500 employees. In its…

No one knows your business like you do, but running a successful business is a challenge that requires outsourced skills and expertise. By teaming with MWE, you can focus on the core business that makes your company great, with the confidence that a trusted professional is attending to your other business obligations. Our partners understand the intricacies of your operations, as well as the industry rules that govern them, including ongoing changes that may be critical to your business’ long-term health and success.

A well-mapped plan for your business is essential to its success. As your business goes through its life cycle, those plans will need to adapt and change. As your trusted advisor, MWE can offer you tailored and in-depth guidance to reach your goals. We specialize in a variety of accounting, tax, business and personal advisory services which enable us to guide you to your desired destination.

Contact Us
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Long Island

1500 RXR Plaza - West Tower, Uniondale, NY 11556
T 516.747.2000 // F 516.747.6707

New York City

757 Third Avenue, Suite 2002, New York, NY 10017
T 212.973.1000 // F 212.973.1004

Grand Cayman

27 Hospital Road, Fifth Floor, P.O. Box 1748GT
George Town, Grand Cayman, Cayman Islands, B.W.I