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.

The importance of S corporation basis and distribution elections

S corporations can provide tax advantages over C corporations in the right circumstances. This is true if you expect that the business will incur losses in its early years because shareholders in a C corporation generally get no tax benefit from such losses. Conversely, as an S corporation shareholder, you can generally deduct your…

2020 has been a banner year for startups. Go figure.

Infographic: New businesses are opening left and right. Why?

Do you want to withdraw cash from your closely held corporation at a low tax cost?

Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s taxable to you to the extent of your corporation’s “earnings and profits.” And it’s not deductible…

2020 Pumpkin Carving Competition (@ home)

This year we tasked our staff with carving and decorating pumpkins (safely at home) based on the following theme: 2020. Here’s what they came up with!

Now more than ever, carefully track payroll records

The subject of payroll has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Employees have been laid off, furloughed and, in some cases, rehired. There has also been crisis relief for eligible businesses in the form of the

MWE Advisor October Highlights

October highlights from The MWE Advisor: Spotlight on individual tax matters in the 2020 election; 7 expiring tax breaks for individuals.

Inventory management is especially important this year

As year-end draws near, many businesses will be not only be generating their fourth quarter financial statements, but also looking back on the entire year’s financials. And what a year it’s been. The COVID-19 pandemic and resulting economic fallout have likely affected your sales and expenses, and you’ve probably noticed the impact on both. However,…

The 2021 “Social Security wage base” is increasing

If your business is planning for payroll next year, be aware that the “Social Security wage base” is increasing. The Social Security Administration recently announced that the maximum earnings subject to Social Security tax will increase from $137,700 in 2020 to $142,800 in 2021.

Upcoming Webinar: Creative Financing Options for the Financial Challenges Caused by COVID-19

On October 27th, join MWE Partner Tom Rosenthal and Neil Seiden, Principal of Asset Enhancement Solutions, for a virtual discussion on creative financing options for the financial challenges caused by COVID-19. Click here for more information or to register today.

A tale of two real estate markets

Infographic: Commercial real estate is in a slump, but home sales are going gangbusters.

The easiest way to survive an IRS audit is to get ready in advance

IRS audit rates are historically low, according to the latest data, but that’s little consolation if your return is among those selected to be examined. But with proper preparation and planning, you should fare well.

IRS announces per diem rates for business travel

In Notice 2020-71, the IRS recently announced per diem rates that can be used to substantiate the amount of business expenses incurred for travel away from home on or after October 1, 2020. Employers using these rates to set per diem allowances can treat the amount of certain categories of travel expenses as substantiated without…

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.

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