The people behind the
great ideas at MWE.
Donald Karabaich, CPA - Partner
As an accounting and auditing Partner, Don is involved in many aspects of accounting, auditing, tax and business advisory services. Don is Co-Chairperson of the firm’s Manufacturing & Distribution Group and is an active member of the Technology Practice Group. He advises his clients in numerous aspects of business and financial management including operational and internal control matters, mergers and acquisitions, bank financing and loan structuring, implementation of executive compensation programs, profit sharing and 401K plans. Don also assists his clients and high net worth individuals in the implementation of estate and retirement planning and succession planning. He also represents clients on federal, state and local income, franchise, sales and payroll tax examinations.
Don has many years of experience serving clients in the manufacturing and distribution industry with specialties in bottling and beverage and corrugated cardboard companies. He also serves clients in a variety of closely held businesses, including legitimate Broadway Theaters and software development. Don also has experience advising clients in the music and recording industry.
Don holds a Bachelor’s degree from Baruch College and was awarded his CPA in 1997. He is also a member of the American Institute of Certified Public Accountants (AICPA) and the Hauppauge Industrial Association (HIA). Don is also active in the Long Island Association (LIA) and with the Long Island Software and Technology Network (LISTnet).
- March 30, 2020Significant Tax Provisions of the CARES Act
On March 27, 2020 President Trump signed into Law the Coronavirus Aid, Relief, and Economic Security Act.The sweeping legislation gives substantial relief to business owners and individuals.
- March 24, 2020New York State Provides Limited Penalty Relief For Sales Tax Vendors
In the wake of declaring a State Disaster Emergency, New York Governor Cuomo has issued an executive order expanding the Tax Commissioner’s authority to abate late filing and payment penalties to also allow the Commissioner to abate interest on quarterly sales and use tax filings and remittances with a due date of March 20, 2020…
- March 20, 2020New Employment Tax Credits Under Families First Coronavirus Response Act
President Trump has signed into Law the Families First Coronavirus Response Act (FFCRA).The FFCRA requires that certain employers provide expanded paid leave and/or emergency family leave to certain employees.
- Treasury Delays Federal Income Tax Filing Deadline to July 15th
Treasury Secretary Steven Mnuchin announced Friday, March 20th, that the Trump administration has decided to push the federal income tax filing and payment date to July 15 from April 15.
- March 19, 2020Treasury Grants Tax Relief and Trump Signs FFCRA
On March 18, 2020 the Secretary of the Treasury issued a notice which grants relief with respect to the timing of the payment of Federal Income Tax which would otherwise be due on April 15, 2020.The relief grants taxpayers an extension of time until July 15, 2020 to make the payment and applies to…