You already paid state and local taxes? the SALT deduction lets you deduct them from your federal return too. But since 2017, that deduction has been capped at $10,000. For taxpayers in high-tax states like New York, New Jersey, and California, that cap hits hard. The full deduction could be coming back, the $10,000 limit is set to expire at the end of 2025. 👀💸
For more information, send us an email or a dm now!
Omimi and Associates, LLC
Certified Public Accounting Firm (CPA). We are your trusted accounting partners. We provide excellent service in audits, tax and advisory.
Precise, proactive and professional!
04/14/2026
Payroll tax compliance isn’t negotiable. Withhold correctly. Match your portion. File on time. One mistake can trigger audits and penalties that cost more than the tax itself. Are you handling it correctly? Get it right from day one with our help.
Email us or send a dm for more information!
#
04/10/2026
Trump Savings Accounts are here. Contribute up to $1,000/year tax-free. Withdrawals for approved expenses are also tax-free. Small cap, but smart for building liquid emergency funds without tax drag. Worth considering for your financial stack.
*While the accounts offer flexibility, 529 plans often offer superior tax benefits for strictly educational expenses!
Have more questions about college planning? Email us or send us a dm for more information! We’re here to help!
04/03/2026
The most expensive financial decision most families make? College. Most people go in without a plan, so we’re here to guide you through what smart college planning looks like.
Email us at [email protected] or send us a dm for more information! We’re here to help!
03/19/2026
Think taxes are only due once a year? Self-employed? Investor? Freelancer? This one’s for you.
The purpose of estimated taxes is to comply with the “pay-as-you-go” system, covering income tax and self employment tax (social security/medicare)
Pay quarterly, avoid penalties, stress less at tax time. đź§ľ
03/16/2026
Ever wondered where your money goes when it comes to taxes? đź’¸ Understanding the difference between direct and indirect taxes is key to mastering your financial literacy!
Direct taxes, like income tax, are paid directly to the government by a person or organization and are usually based on your earnings or wealth.
Indirect taxes, on the other hand, are levied on goods and services, and are ultimately passed on to the consumer as part of the price.
It’s not just about paying up; it’s about understanding the system! To find out more about this and all things business, leave a comment below or send us a message!
02/21/2026
Join us for our upcoming workshop on the 26th of February and get expert guidance on maximizing your deductions to reduce your taxes and preparing for filing season.
Scan the QR code to RSVP today!
02/18/2026
Depreciation ≠Expense. One saves you money now. The other spreads it out. Knowing which applies to your purchases? That’s the strategy. Let’s talk about maximizing your deductions the right way.
Email us or send us a dm for more information!
02/13/2026
Mark your calendar: Business tax deadlines are approaching fast. Don’t wait until the last minute! Let’s get you filed on time.
Word of the week: DEDUCTIONS!
What are business deductions? That business expense? Probably deductible. Stop guessing what you can deduct and start keeping more.
If you are in need of tax preparation services, send us an email at [email protected]! Or send us a dm and we’ll connect you to a CPA that can answer your questions!
Don’t forget, we are your partner in business growth!
Click here to claim your Sponsored Listing.
Location
Category
Contact the business
Address
28 Liberty Street, 6th Floor
New York, NY
10005