Galleros Robinson

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Galleros Robinson Galleros Robinson is a Certified Public Accounting and Business Advisory Services firm with a primary focus on meeting the needs of emerging businesses.

Whether you need assistance managing your business finances or building a personal portfolio, Stewart Robinson at Rosenfield & Co is a comprehensive New York, NY Accounting solution.

🚘🚗 Rules for Deducting Car Expenses💵 for Business OwnersFor , choosing the right method to deduct can make a signific...
10/21/2026

🚘🚗 Rules for Deducting Car Expenses💵 for Business Owners

For , choosing the right method to deduct can make a significant difference in tax planning.

The key question for is: Should your client use the Standard Mileage Rate or the Actual Expense Method?

While the Standard Mileage Method offers simplicity, the Actual Expense Method requires a more detailed calculation of vehicle-related costs. The most suitable approach depends on the client's circumstances, business usage, and applicable tax rules.

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“Not Effective” Rating of Cybersecurity Program Exposes Taxpayer Data to Immediate Security ThreatsA newly released au...
10/15/2026

“Not Effective” Rating of Cybersecurity Program Exposes Taxpayer Data to Immediate Security Threats

A newly released audit by the Treasury Inspector General for Tax Administration (TIGTA) has raised serious concerns about the IRS’s cybersecurity posture.

According to its annual review under the Federal Information Security Modernization Act (FISMA), the IRS’s overall was rated “not effective” for Fiscal Year 2026.

The audit highlighted ongoing technical weaknesses and delays in addressing system vulnerabilities, and issues that raise important questions about and cybersecurity risk management.

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New York City’s Pied-à-Terre Tax Rollout Sent Back to Square One Following Landmark Court RulingA dramatic Staten Island...
10/07/2026

New York City’s Pied-à-Terre Tax Rollout Sent Back to Square One Following Landmark Court Ruling

A dramatic Staten Island court ruling has thrown the city’s planned luxury second- into uncertainty.

On September 29, 2026, Supreme Court Justice Wayne Ozzi ordered Mayor administration to scrap and restart the rollout of the new surcharge.

Importantly, the ruling does not invalidate the authorizing the tax. Instead, the judge found that the city’s implementation process was fundamentally flawed and potentially harmful to local homeowners.

The decision could create significant legal and logistical challenges for the city as it attempts to move forward with the controversial tax.

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IRS Escalating Enforcement Actions Against Non-Filing TaxpayersRecent analysis of data by tax law firm points to a ...
09/30/2026

IRS Escalating Enforcement Actions Against Non-Filing Taxpayers

Recent analysis of data by tax law firm points to a notable “U-shaped” pattern in audit activity with higher at both ends of the income spectrum, while middle-income taxpayers appear less likely to face an audit.

At the highest end, reporting $10 million or more in income face the highest audit frequency, at approximately 66 audits per 1,000 filers. Those earning $5 million to $10 million follow, with around 39 audits per 1,000 filers.

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IRS Focuses Audit Scrutiny Overwhelmingly On The Wealthiest And The Poorest TaxpayersThe is directing a significant sh...
09/24/2026

IRS Focuses Audit Scrutiny Overwhelmingly On The Wealthiest And The Poorest Taxpayers

The is directing a significant share of its toward taxpayers at the two ends of the income spectrum - the wealthiest individuals and the lowest-income taxpayers. Meanwhile, middle-income earners are comparatively less likely to face an .



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SEC Proposes Deregulation Overhauls and Rolling Back Disclosure Requirements for Public CompaniesUnder Chairman Paul S. ...
09/16/2026

SEC Proposes Deregulation Overhauls and Rolling Back Disclosure Requirements for Public Companies

Under Chairman Paul S. Atkins, the U.S. Securities and Exchange Commission (SEC) has proposed a broad package of deregulatory reforms designed to reduce compliance burdens, facilitate , and scale back certain disclosure requirements for . Collectively, the proposals could mark one of the most substantial efforts in decades to modernize and restructure the U.S. public-company reporting framework.

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📈IRS Audits and Audit Revenue PlummetIRS audits took a major hit in 2025. revenue fell 35% to $6.5 billion in fiscal ye...
09/10/2026

📈IRS Audits and Audit Revenue Plummet

IRS audits took a major hit in 2025.

revenue fell 35% to $6.5 billion in fiscal year 2025, following federal workforce reductions under the .

According to a report from the Treasury Inspector General for Tax Administration, roughly 30% of IRS audit personnel were cut and the agency began more than 30% fewer individual audits than the year before.

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Quick Summary of Business Aspects of the One Big Beautiful Bill ActThe One Big Beautiful Bill Act, signed into law in 20...
08/26/2026

Quick Summary of Business Aspects of the One Big Beautiful Bill Act

The One Big Beautiful Bill Act, signed into law in 2025, provides businesses with significant and new planning opportunities. In addition to reinstating favorable provisions from prior law - such as full expensing of domestic R&D and 100% bonus depreciation. The Act expands several provisions that may help reduce current and future , strengthen cash flow, and inform decisions around entity structure, debt, and capital investments.

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Case Study: Maximizing Depreciation Expense For Companies With Significant Capital Improvements and Other Fixed Asset Ex...
08/19/2026

Case Study: Maximizing Depreciation Expense For Companies With Significant Capital Improvements and Other Fixed Asset Expenditures

A company with significant fixed asset expenditures can leverage Section 179 and Bonus Depreciation to accelerate the recognition of depreciation expense. Depending on the nature and timing of the qualifying expenditures, these provisions may allow the Company to deduct an amount equal to all or a substantial portion of the asset’s cost in the year the expenditure is placed in service, rather than capitalizing the asset and depreciating its cost over a period ranging from 3 to 39 years.

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Threshold for 1099 – NEC Reporting Increased From $600 to $2,000For the 2026 tax year, the federal reporting limit for F...
08/13/2026

Threshold for 1099 – NEC Reporting Increased From $600 to $2,000

For the 2026 tax year, the federal reporting limit for Form 1099-NEC has increased from $600 to $2,000.

This change was made under the (OBBBA). The $600 limit had been in place since 1954.

Starting in 2026, businesses generally need to issue and file Form 1099-NEC only when they pay an independent contractor, freelancer, or unincorporated vendor $2,000 or more for services during the year.

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485 Madison Avenue
New York, NY
10022

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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