Candela & Associates, LLC
CPA & CFO services for marketing, coaching & public relations agencies.
Helping you save time, money & stress w/strategic tax planning and outsourced financial solutions.
Here's a story from this week of how we helped a business owner save $22K in unnecessary taxes.
This business owner came to us with a QuickBooks Online file that was OK - but not great.
We cleaned it up and found over 10K in deductions that were missed/categorized incorrectly.
Then, we reviewed his entity election with him and advised him that we could elect S-Corp status to save him thousands more on self-employment taxes.
This year, we'll be doing even more tax-planning to save EVEN MORE.
DM me if your accountant is doing the bare minimum and you're looking for more help.
08/02/2022
How to Financially Prepare for Windfalls Windfalls can come in many forms: selling a business or real estate, receiving an inheritance, settling an insurance suit, obtaining a large bonus, or receiving a pension in a lump sum. Here are some financial implications to receiving a windfall: Reassess: The first step is to reassess your current...
07/20/2022
Have a business in New York? Expect a bill from the Department of Labor If you have a business in New York State, you should expect a bill from the New York Department of Labor. According to Paychex, the New York Department of Labor (DOL) paid more than $110 billion in unemployment and pandemic unemployment benefits between March 2020 and September 2021 as a result of C...
05/11/2022
Major Changes to New York’s SALT Workaround as Part of FY23 Budget Bill New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s Pass-through entity tax (“PTET”) for many businesses. Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as esta...
01/26/2022
Taxpayers need relief now, AICPA and other organizations say The AICPA and a coalition of organizations representing tax practitioners reiterated their call for taxpayer relief from penalties and other compliance actions, given ongoing Internal Revenue Service problems.
12/11/2021
4 Biggest Social Security Worries Heading Into 2022 - 401K Specialist The 4 biggest Social Security-related worries keeping Americans up at night as we head toward 2022 are explored in this slide show.
11/30/2021
Medicare open enrollment ends Dec. 7. Here's why you should review your 2022 coverage if you haven’t already While beneficiaries aren't required to take action, as their 2021 plan generally would renew for next year, experts say that could be a mistake.
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535 5th Avenue, Fl 4th
New York, NY
10017