Cavaco Management Group

Cavaco Management Group Our friendly team specializes in bookkeeping, tax planning and preparation, and payroll services.

Important reminder: Second-quarter estimated tax payments are due on June 15th, covering income earned from April 1st th...
06/15/2026

Important reminder: Second-quarter estimated tax payments are due on June 15th, covering income earned from April 1st through May 31st.

Submitting payments on time can help you avoid interest and penalties while keeping your year-end tax expectations on track.

If you have any questions or would like to confirm your estimated payment amount, feel free to contact our office. We are happy to help.

Every June 14th, we celebrate the Stars and Stripes on Flag Day. While we’re all familiar with the United States’ flag, ...
06/14/2026

Every June 14th, we celebrate the Stars and Stripes on Flag Day. While we’re all familiar with the United States’ flag, we might not know all of the history behind this symbol.

To celebrate, we wanted to share a few fun facts about the history of the flag that might surprise you:

🔹 The current 50-star design was created by a 17-year-old. Robert G. Heft of Lancaster, Ohio, submitted the design as a high school project in 1958. It was chosen by President Eisenhower out of more than 3,000 submissions in 1960.

🔹 There have been 27 official versions of the flag. Twenty-five of those changes were solely to update the number of stars every time a new state joined the Union. The star additions were admitted on July 4th, and, together, they give us a rich visual history of the country's growth over time.

🔹 The colors for the flag have taken on their own meanings over the years. Charles Thomson, secretary of the Continental Congress in 1774, suggested that red represents hardiness and valor, white symbolizes purity and innocence, and blue stands for vigilance, perseverance, and justice.

🔹 Six American flags have been planted on the moon. Neil Armstrong and Edwin E. “Buzz” Aldrin were the first, but five additional Apollo missions have also left a flag on the lunar surface.

🔹 The current design is the longest-running version in history. No new states have been added since Hawaii joined the union in 1959, making this the most enduring flag design the country has ever had.

Wishing you a wonderful Flag Day filled with pride and appreciation for the history behind the flag we share.

The heart of any business's financial system is the general ledger (GL). Swipe through for what a well-maintained genera...
06/11/2026

The heart of any business's financial system is the general ledger (GL). Swipe through for what a well-maintained general ledger is and how it helps your business.

Whether you're a startup owner diving into the financial world or a seasoned entrepreneur, understanding the role of the general ledger can significantly improve how you manage your business finances.

Need help deciphering your general ledger or have any questions about your financial records? Our team is here to assist! Reach out anytime; that’s what we are here for.

While some audits are random, most are triggered by patterns and mistakes that the IRS is trained to spot, especially re...
06/09/2026

While some audits are random, most are triggered by patterns and mistakes that the IRS is trained to spot, especially regarding your bookkeeping. Avoiding an IRS audit starts with smart, consistent bookkeeping practices. Swipe through for five common mistakes that often trigger red flags with the IRS, and what you can do to avoid them.

Need support keeping your books organized and IRS-compliant? Contact our team today. We’re here to help your business stay in the clear.

June is filled with moments that remind us how courage, innovation, and a little bit of daring can leave a lasting mark ...
06/06/2026

June is filled with moments that remind us how courage, innovation, and a little bit of daring can leave a lasting mark on history. Here are a few milestones we are reflecting on this month:

🚀 June 18, 1983 - Sally Ride became the first American woman in space, launching aboard the Space Shuttle Challenger as a mission specialist. Out of more than 8,000 applicants, she was one of only six women selected for NASA's 1978 astronaut class.

🏀 June 6, 1946 - The Basketball Association of America was founded at a meeting in New York City, setting the stage for what would eventually become the NBA and for basketball to transform from a regional gym sport into a global phenomenon.

🎥 June 20, 1975 - Stephen Spielberg’s classic “Jaws” premiered. Not only did this movie become one of the first big summer blockbusters at movie theaters, but it also gifted us with one of the most iconic movie soundtracks of all time.

These moments continue to inspire conversations about leadership, equality, creativity, and the lasting impact of a single bold step on the world.

Retirement savings rules are shifting again — and this shift could affect how some Americans aged 50 or older make retir...
06/02/2026

Retirement savings rules are shifting again — and this shift could affect how some Americans aged 50 or older make retirement contributions. Under the SECURE 2.0 Act, those who earn over $150,000 a year will face new rules about their “catch-up” contributions in 2026.

Swipe for what you need to know about these changes. If you have questions about your retirement contributions in 2026, give our office a call. We’re here to help you.

Quarterly deadlines can come fast. Staying ahead of key tax dates helps keep your business running smoothly and avoids l...
05/28/2026

Quarterly deadlines can come fast. Staying ahead of key tax dates helps keep your business running smoothly and avoids last-minute stress or penalties.

Our team is here year-round to help with filings, extensions, and planning support whenever you need it. Reach out anytime, and we'll make sure you're covered.

With the current commercial real estate market in a state of flux, it can feel hard to win. However, there are several k...
05/26/2026

With the current commercial real estate market in a state of flux, it can feel hard to win. However, there are several key tax benefits of owning commercial property that we, as tax specialists, want to be sure to highlight. Swipe for more details.

If you have a project on the horizon or have more questions about the tax benefits of commercial real estate, don’t hesitate to give me a call. I’m here to help make sure your tax situation works for your business.

In honor of Memorial Day, we invite you to join us in taking time to remember and honor the brave men and women who made...
05/25/2026

In honor of Memorial Day, we invite you to join us in taking time to remember and honor the brave men and women who made the ultimate sacrifice to protect our country and preserve our freedom.

Please note that our office will be closed on Monday, May 25th, in observance of Memorial Day. We will resume normal business hours on Tuesday, May 26th, and will respond to any messages received during the closure as promptly as possible.

Wishing you a respectful and meaningful Memorial Day.

Not sure what your financial reports are really telling you? A monthly review of your key financial reports can help you...
05/21/2026

Not sure what your financial reports are really telling you? A monthly review of your key financial reports can help you catch problems early, stay organized, and make smarter decisions.

Need help making sense of the data? Our team is here for all your bookkeeping and payroll needs — give us a call today!

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124 West Franklin Street
Horseheads, NY
14845

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