The people behind the
great ideas at MWE.
Alan Materazo, CPA - Partner
Throughout his career at MWE, Al has conducted and administered management advisory services, audit and accounting, and tax planning to a variety of industries, including healthcare, manufacturing, distribution, private equity, software development, catering and hospitality, and real estate.
For more than a quarter century, Al has advised clients on a wide range of special assignments such as mergers and acquisitions, workflow analysis, product line profitability analysis, internal control studies and developing strategic plans and financial projections.
Al heads the Small Business Department and serves as the Partner in Charge of Marketing and Business Development. He regularly develops and teaches numerous in-house courses in various audit and accounting areas and directs the Firm's continuing education program.
Al joined MWE directly upon receiving his Bachelor’s degree from Hofstra University in 1987. He began as a Junior Staff Accountant and steadily advanced to become Partner in January 2004. Al is a member of the American Institute of CPAs and the New York Society of CPAs.
- March 18, 2021New COVID-19-Relief: The American Rescue Plan
On March 11, 2021, President Biden signed the American Rescue Plan (“The Act”) into law. The Act provides $1.9 trillion of relief and is the third COVID-19 bill signed to help Americans since last March.The Act allocates money for stimulus payments and unemployment benefits, vaccines, schools, small businesses, and more. The following is a summary of…
- March 17, 2021IRS Extends the Tax Paying and Filing Deadline for Individuals
Updated: March 22, 2021 THE INTERNAL REVENUE SERVICE HAS ANNOUNCED THAT INDIVIDUAL TAXPAYERS WILL BE GRANTED A LIMITED EXTENSION OF TIME UNTIL MAY 17, 2021 WITHIN WHICH TO FILE THEIR 2020 FORM 1040.
- March 5, 2021Work Opportunity Tax Credit extended through 2025
Are you a business owner thinking about hiring?Be aware that a recent law extended a credit for hiring individuals from one or more targeted groups.
- February 24, 2021If you run a business from home, you could qualify for home office deductions
During the COVID-19 pandemic, many people are working from home.If you’re self-employed and run your business from your home or perform certain functions there, you might be able to claim deductions for home office expenses against your business income.
- February 8, 2021The cents-per-mile rate for business miles decreases again for 2021
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile.As a result, you might claim a lower deduction for vehicle-related expenses for 2021 than you could for 2020 or 2019.