Eco-Tax, Inc

Eco-Tax, Inc No high-pressure sales sharks. No annoying tax professional lingo. Just straight, authoritative and friendly advice.
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Visit us: www.eco-tax.com
Or give us a call: (347) 673-6360 "We are a full service Tax and Accounting firm with offices in Brooklyn, NY, NewYork, NY and Fair Lawn, NJ. Year-round Accounting & Bookkeeping Services, Income Tax Preparation (Individual, Business, Gift, Estate, Trust & Estate) Federal and all States. We also provide IRS & Tax Problem Resolution, Payroll Services, Sales Tax Preparation,

and Financial & Tax Planning. Clients include Individuals, Small Businesses of all types and Non-profits."

06/25/2026

๐™ƒ๐™ค๐™ฌ ๐™˜๐™–๐™ฃ ๐™„ ๐™ฅ๐™ง๐™š๐™ฅ๐™–๐™ง๐™š ๐™ข๐™ฎ ๐™—๐™ค๐™ค๐™ ๐™จ ๐™›๐™ค๐™ง ๐™ฉ๐™๐™š ๐™ฃ๐™š๐™ญ๐™ฉ ๐™—๐™ž๐™œ ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™™๐™š๐™˜๐™ž๐™จ๐™ž๐™ค๐™ฃ?

When you're trying to figure out if you can afford to hire help, invest in new equipment, or expand, messy books can be the issue that will paralyze you.

Before you make your next big move, you need to be able to see:

โ€ข Exactly which products or services are carrying your profit margins
โ€ข Where your cash is actually trapped (and when it will unlock)
โ€ข Which subscription fees or vendor costs are quietly eating your cash
โ€ข If your bank balance is actually yours, or if it's already spoken for by upcoming taxes and bills

If your numbers are behind or unclear, youโ€™re left guessing when you should be planning.

Don't wait until you're forced to make a high-stakes choice to clean things up. Having accurate, real-time reports means you can move fast when an opportunity pops up.

On a scale of 1 to 10, how confident are you that your books are ready for your next big business decision?

Could you find your most important financial documents in 10 minutes?A mortgage statement.An insurance policy.A loan doc...
06/24/2026

Could you find your most important financial documents in 10 minutes?

A mortgage statement.

An insurance policy.

A loan document.

A birth certificate.

A will or other important record.

If those files are scattered across drawers, emails, apps, and old folders, now is a good time to give them a real home.

Start by grouping documents by type, labeling the folders, and deciding what should be stored physically, digitally, or both.

A little organization now can make those important records much easier to find later.

https://www.kiplinger.com/personal-finance/how-to-store-your-financial-documents

๐˜ฟ๐™ค ๐™„ ๐™ค๐™ฌ๐™š ๐™ฉ๐™–๐™ญ๐™š๐™จ ๐™ฌ๐™๐™š๐™ฃ ๐™„ ๐™จ๐™š๐™ก๐™ก ๐™ค๐™ง ๐™ฉ๐™ง๐™–๐™™๐™š ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค?If you made money on the transaction, yes.The IRS treats cryptocurrency as pr...
06/23/2026

๐˜ฟ๐™ค ๐™„ ๐™ค๐™ฌ๐™š ๐™ฉ๐™–๐™ญ๐™š๐™จ ๐™ฌ๐™๐™š๐™ฃ ๐™„ ๐™จ๐™š๐™ก๐™ก ๐™ค๐™ง ๐™ฉ๐™ง๐™–๐™™๐™š ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™ค?

If you made money on the transaction, yes.

The IRS treats cryptocurrency as property. So selling crypto, swapping one token for another, or using crypto to buy something can create a taxable gain.

The real question is whether or not you received more than you paid.

To figure that out, you need to know:
โ€ข What you originally paid
โ€ข What you received when you sold or traded it
โ€ข Any fees tied to the transaction
โ€ข How long you held the crypto

Crypto held for one year or less is generally taxed as a short-term gain. Crypto held for more than one year may qualify for long-term capital gains rates.

If you made several trades, used more than one wallet, or arenโ€™t sure what needs to be reported, reach out before you file.

We're almost at the midyear mark of 2026. Which means you still have six full months left in 2026 to shape your tax outc...
06/22/2026

We're almost at the midyear mark of 2026. Which means you still have six full months left in 2026 to shape your tax outcome for this year.

So letโ€™s look forward now while we can actually lower your bill.

Call us to book your midyear review today.

Eco-Tax, Inc's Playbook to Choosing the Right Entity Type For Business Success
06/22/2026

Eco-Tax, Inc's Playbook to Choosing the Right Entity Type For Business Success

Learn how to choose the right entity type for business success based on your industry. Protect your personal assets and stop overpaying the IRS.

๐™’๐™๐™š๐™ฃ ๐™ฌ๐™ž๐™ก๐™ก ๐™Ž๐™ฆ๐™ช๐™–๐™ง๐™š, ๐™Ž๐™ฉ๐™ง๐™ž๐™ฅ๐™š, ๐™‹๐™–๐™ฎ๐™‹๐™–๐™ก, ๐™ค๐™ง ๐™‘๐™š๐™ฃ๐™ข๐™ค ๐™จ๐™š๐™ฃ๐™™ ๐™ข๐™ฎ ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™– ๐™ฉ๐™–๐™ญ ๐™›๐™ค๐™ง๐™ข?For the 2026 tax year, payment apps and online ma...
06/19/2026

๐™’๐™๐™š๐™ฃ ๐™ฌ๐™ž๐™ก๐™ก ๐™Ž๐™ฆ๐™ช๐™–๐™ง๐™š, ๐™Ž๐™ฉ๐™ง๐™ž๐™ฅ๐™š, ๐™‹๐™–๐™ฎ๐™‹๐™–๐™ก, ๐™ค๐™ง ๐™‘๐™š๐™ฃ๐™ข๐™ค ๐™จ๐™š๐™ฃ๐™™ ๐™ข๐™ฎ ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™– ๐™ฉ๐™–๐™ญ ๐™›๐™ค๐™ง๐™ข?

For the 2026 tax year, payment apps and online marketplaces are expected to send Form 1099-K only if your business processes more than $20,000 in gross payments and has more than 200 transactions on the platform.

If you use a traditional direct merchant credit card processor, the 200-transaction threshold does not apply. Card payments will be reported on Form 1099-K regardless of the amount.

Not receiving a tax form doesnโ€™t mean the income can be left off your business records or tax return.

If money came into your business, your records should show the gross sale, any processor fees, refunds or chargebacks, and the final deposit.

On a scale of 1 to 10, how confident are you that your payment app fees, refunds, and chargebacks are being tracked correctly in your books?

๐™’๐™๐™–๐™ฉ ๐™จ๐™ข๐™–๐™ก๐™ก ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™˜๐™ค๐™จ๐™ฉ-๐™˜๐™ช๐™ฉ๐™ฉ๐™ž๐™ฃ๐™œ ๐™จ๐™ฉ๐™ง๐™–๐™ฉ๐™š๐™œ๐™ž๐™š๐™จ ๐™ฌ๐™ค๐™ง๐™ ๐™š๐™™ ๐™ž๐™ฃ 2025?JPMorgan Chaseโ€™s 2026 Business Leaders Outlook found that bus...
06/18/2026

๐™’๐™๐™–๐™ฉ ๐™จ๐™ข๐™–๐™ก๐™ก ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™˜๐™ค๐™จ๐™ฉ-๐™˜๐™ช๐™ฉ๐™ฉ๐™ž๐™ฃ๐™œ ๐™จ๐™ฉ๐™ง๐™–๐™ฉ๐™š๐™œ๐™ž๐™š๐™จ ๐™ฌ๐™ค๐™ง๐™ ๐™š๐™™ ๐™ž๐™ฃ 2025?

JPMorgan Chaseโ€™s 2026 Business Leaders Outlook found that business owners made several changes in response to cost pressure:

โ€ข 38% reduced non-essential expenses
โ€ข 32% raised prices on all products or services
โ€ข 31% added new products or services
โ€ข 30% raised prices on select products
โ€ข 25% invested in technology to improve operations

Which of these changes did you make in your business in 2025?

๐™ƒ๐™ค๐™ฌ ๐™˜๐™–๐™ฃ ๐™„ ๐™ก๐™ค๐™ฌ๐™š๐™ง ๐™ข๐™ฎ ๐™˜๐™ง๐™š๐™™๐™ž๐™ฉ ๐™˜๐™–๐™ง๐™™ ๐™ฅ๐™ง๐™ค๐™˜๐™š๐™จ๐™จ๐™ž๐™ฃ๐™œ ๐™›๐™š๐™š๐™จ?Start by looking at how your business is being charged.Flat-rate provider...
06/17/2026

๐™ƒ๐™ค๐™ฌ ๐™˜๐™–๐™ฃ ๐™„ ๐™ก๐™ค๐™ฌ๐™š๐™ง ๐™ข๐™ฎ ๐™˜๐™ง๐™š๐™™๐™ž๐™ฉ ๐™˜๐™–๐™ง๐™™ ๐™ฅ๐™ง๐™ค๐™˜๐™š๐™จ๐™จ๐™ž๐™ฃ๐™œ ๐™›๐™š๐™š๐™จ?

Start by looking at how your business is being charged.

Flat-rate providers can be simple, but they may not be the cheapest option once your card sales grow.

An interchange-plus plan can cut out the blended-rate markup, so youโ€™re not paying premium processing rates on transactions that may cost less to run.

You can also review:
โ€ข Whether large invoices could be paid by ACH
โ€ข Whether a dual-pricing setup makes sense
โ€ข Whether your merchant statement includes hidden fees
โ€ข Whether your current processor still fits your sales volume

A quick quarterly review can catch fees before they quietly drain cash flow.

When was the last time you looked closely at your merchant statement?

100% Bonus Depreciation Is Back in 2026: What Business Owners Need to Know
06/17/2026

100% Bonus Depreciation Is Back in 2026: What Business Owners Need to Know

100% bonus depreciation is back and permanent. Here is a business owner's guide to the 2026 rules, Section 179 vs. bonus depreciation, and when taking the full write-off is not your best move

The 2026โ€“2027 HSA Guide to Tax Savings and Long-Term Wealth
06/17/2026

The 2026โ€“2027 HSA Guide to Tax Savings and Long-Term Wealth

The IRS has released the 2027 HSA limits. Here is a complete business owner's guide to HSA tax savings, the current contribution numbers, and how to use an HSA as a long-term wealth tool.

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