My Greater New York City Small Business Health Quiz (Part 1)

My Greater New York City Small Business Health Quiz (Part 1)

Last week, when I wrote my message to our Greater New York City business clients, the biggest news was the second round of the PPP, and that expenses covered under the first round of it would be tax deductible.Has anything happened since then?Goodness, even just the...
IRS Audits Planned To Increase 50% In 2021 by Allan J Rolnick

IRS Audits Planned To Increase 50% In 2021 by Allan J Rolnick

So, this is flying under the radar in the ending of 2020 … an IRS official just publicly stated that they are massively ramping up audits next year.It was at an event for the AICPA (American Institute of Certified Professional Accounts), and it happened...
Ultra Last Minute Tax Moves for Greater New York City Businesses

Ultra Last Minute Tax Moves for Greater New York City Businesses

It’s going to take us many weeks to digest everything in this massive omnibus of a relief bill that the President signed on Sunday night.And with year-end barrelling at us (2021 is on FRIDAY), it’s unlikely that we will be able to make substantive action...
Allan J Rolnick’s Annual Holiday Prayer

Allan J Rolnick’s Annual Holiday Prayer

Well, Congress seems to have heard the cries of the huddled masses of SMB’s around the country, and more PPP funding is (seemingly) on the way.Details aren’t finalized yet as of this writing, so I will have more to say on these matters in future weeks.Even...
Rolnick’s Guide To Getting Tasks Done

Rolnick’s Guide To Getting Tasks Done

Maybe I’m writing this today because we’re very much feeling the end-of-year crunch here at Team Allan J Rolnick, CPA, CTC.Really, we only have a few business days left before 2020 is in the rearview. Yes, my heart wants that to happen YESTERDAY, but my...