Louis A. Necroto, CPA PLLC

05/09/2022

Haven't received your refund yet? Here are some possible reasons why...

The reasons for a delay in getting your tax refund can range from incorrect information on your tax forms to a debt offset or even identity theft.

05/06/2022

After an influx of cash (like a big tax refund), the smart cookie starts thinking about reducing their debts such as high-interest credit cards.

Think about it: You pay a lot for this credit and the balances on your high-interest accounts build up fast making the stuff you buy more expensive.

Chip away at this debt first, and you’ll do your wallet and your credit score a BIG favor.

05/05/2022

There’s never a better time than now to start a deep dive into the financial practices of your business.

Of course, the first place you always want to start is by cleaning up your books.

Then move on to cleaning up your systems -- shift to a new system if you've outgrown your old one.

Advancements in cloud-based accounting and disruptions in supply chains demand adaptation if your business is going to keep thriving in this economy.

05/04/2022

Pssst! Mother's Day is on Sunday! Are you doing any of these to celebrate?

Flowers, jewelry and gifts of experience all rank high on the list

05/03/2022

This is a delicate topic to be sure, but something a lot of people don't ever consider is the possibility of an illness or injury preventing them from working.

And we truly hope that NEVER happens.

But the Council for Disability Awareness confirms that the chances of missing work due to illness, injury, or pregnancy (which is covered by short-term disability insurance) are greater than you think.

One in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they hit normal retirement age – and each year about 5% of working Americans experience a short-term disability (six months or less).

This means something you want to consider now is investing in some kind of disability insurance. Having a plan will help you find some footing if you find yourself in difficult circumstances.

05/02/2022

What is the Best Payroll Software for Your Long Island Small Business?

These are the factors that your business should take into consideration when evaluating a payroll software for your Long Island small business.

05/02/2022

If your refund was smaller than you expected or you ended up owing more than you thought you would, it might be time to consider changing your withholding amount.

If you had a surprise bill this tax-filing season, it may be time to adjust your withholdings, according to financial experts. Here’s what to know.

04/29/2022

Payroll software might be the most important system you implement in your business. And, though prices vary widely, basic out-of-the-box payroll software generally starts in the low three figures.

Here are some best-known vendors and a smattering of features:

Gusto
Offers a complete range of all the needed tools and often tops the list of payroll software roundups. Offers onboarding features and syncs with the latest meeting apps, too. Pricier plans seem to have the real extras.

Intuit QuickBooks Payroll
It’s not surprising that this integrates well with their suite of accounting and other business software. Taxes and benefits are covered of course, among other areas, and they also offer templates for new hires, company policy, HR laws, and conflict resolution.

ADP (Automatic Data Processing Inc.)
Any search for payroll software would have to include this household name in the field. Just about all the tools you’d ever imagine for payroll – the trick here would be to not pay for more than you need.

04/28/2022

Inflation is taking its toll on everyone and everything... including retirement.

Nearing retirement age and wondering if your golden years nest egg is going to sustain you with the recent economic shifts? You're not alone.

Hear or read this conversation with a CBS News business analyst on top questions asked of financial planners and what role inflation and tax rates may play.

04/27/2022

What financial systems have you set up to help you reach your business goals this year?

04/26/2022

Who would agree that we should have been teaching personal finance in schools a LONG time ago?

Georgia will likely be the next state to pass a personal finance education mandate, according to a bill tracker from nonprofit group Next Gen Personal Finance.

04/25/2022

Small Business Accounting Software: A Long Island Owner's Guide

With a plethora of options on the table, choosing the right small business accounting software can prove difficult – but here are some tips to get you started.