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

Two people joining a puzzle piece to demonstrate accounting solutions

the power of

we

Your goals, our guidance, building success.

Two people joining a puzzle piece to demonstrate accounting solutions
Plant shaped like arrow to show growth from federal tax credit strategies and more

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.

Plant shaped like arrow to show growth from federal tax credit strategies and more
Pit crew to demonstrate teamwork on estate and succession planning

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.

Pit crew to demonstrate teamwork on estate and succession planning
Trust your financial statements in the hands of MWE's experienced consultants

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.

Trust your financial statements in the hands of MWE's experienced consultants

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.

Understanding and controlling the unemployment tax costs of your business

As an employer, you must pay federal unemployment (FUTA) tax on amounts up to $7,000 paid to each employee as wages during the calendar year. The rate of tax imposed is 6% but can be reduced by a credit (described below). Most employers end up paying an effective FUTA tax rate of 0.6%. An employer…

It’s Tax Time Again for the Millions Who Got an Extension

Back in April, many Americans (about one in 10 filers), asked for and received a six month extension to file their 2018 federal income tax returns. The new deadline is today, October 15th. The New York Times caught up with MWE partner Lance Christensen to learn more information about the new deadline and what…

Sec. 6166: Estate tax relief for family businesses

Fewer people currently are subject to transfer taxes than ever before. But gift, estate and generation-skipping transfer (GST) taxes continue to place a burden on families with significant amounts of wealth tied up in illiquid closely held businesses. Fortunately, Internal Revenue Code Section 6166 provides some relief, allowing the estates of family business owners to…

Webinar: Fall 2019 State and Local Tax Update

Be better prepared for the upcoming state and local trick or treat season by joining MWE’s director of SALT, Joseph Pizzimenti, Esq., on Wednesday, 10/30 for a complimentary webinar. Joe will be giving updates on the Wayfair decision, what’s hot in SALT, and what to expect next. Attendees will earn one and a half…

Tax Considerations for Cannabis Business and Investment

The growing cannabis industry has piqued the interest of many business owners and investors who predict it could become a multi-billion dollar industry. Legal developments bolster this enthusiasm, as more than 30 states and the District of Columbia have thus far legalized marijuana for medical and/or recreational purposes. Varying state laws, however, are slowing overall…

MWE Advisor September Highlights

September highlights from The MWE Advisor: Tax implications of refinancing your home; Reviewing bonus depreciation options for your business.

New York, high-tax states dealt SALT cap blow in court, but fight likely not over

Yesterday, a Manhattan judge dismissed a lawsuit filed by four states including New York and New Jersey, saying that they failed to demonstrate that Congress exceeded its taxing authority when implementing the $10,000 cap on state and local tax deductions. After the news broke, Fox Business sat down with MWE SALT director Joseph Pizzimenti,…

Green energy & tax breaks

Infographic: How to get (tax) credit for your home’s green energy upgrades.

House Seeks To Help “Blue” Taxpayers with SALT issues in Blue States

According to a recent Bloomberg article, HILL TAX BRIEFING: House Tax Writers Consider SALT Change Today, several members of the House Ways and Means committee will be meeting soon to discuss the $10,000 limit on the State and Local Tax itemized deduction that was adopted as part of the Tax Cuts…

Lawyers Can Foster Compliance With Audit-Proof Expensing

by: Michael Barg, Tax Supervisor as published in Law360 Lawyers across firms and organizations play a critical role in fostering a culture of compliance. Business meal and entertainment costs are one area where developing a strong compliance culture can help minimize the risk of an audit, assessment…

New York Taxpayer Post Labor Day Weekend Blues– New Announcements Could Necessitate Amending Previously Filed 2018 Returns

On September 3, 2019, the New York Department of Taxation and Finance issued three TSB-M announcements that summarize tax law changes adopted as the result of the State’s 2019-2020 Budget {“Budget”} that may affect New York taxpayers’ 2018 returns: TSB- M-19(3)C, Summary of Corporation Tax Budget Legislation Enacted in 2019

The next estimated tax deadline is September 16: Do you have to make a payment?

If you’re self-employed and don’t have withholding from paychecks, you probably have to make estimated tax payments. These payments must be sent to the IRS on a quarterly basis. The third 2019 estimated tax payment deadline for individuals is Monday, September 16. Even if you do have some withholding from paychecks or payments you receive,…

Expenses that teachers can and can’t deduct on their tax returns

As teachers head back for a new school year, they often pay for various expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct them on their tax returns. However, there are limits on this special deduction, and some expenses can’t be written off.

Investing in Queens’ Future: Financing, Acquisitions & Market Expectations for the Coming Year

  Listen to real estate professionals as they discuss investing, financing and acquisition activity in Queens as well as market expectations for the coming year at Bisnow’s Long Island City & Queens Annual Conference. MWE partner John Schmuck will be moderating this lively conversation on September 26, 2019, at One Court Square…

Reporting discontinued operations

Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset group or another component. In certain situations, such a disposal should be reported as a discontinued operation under U.S. Generally Accepted Accounting Principles (GAAP). Starting in 2015, the rules changed, limiting the scope of transactions…

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
reCAPTCHA
Sending
Long Island

400 Garden City Plaza, Fifth Floor, Garden City, NY 11530
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