Gregg Jaffe, Tax Accountant

10/09/2026

Keep the receipt that explains a business purchase, not just the card statement.
A charge shows what you paid. The receipt helps show what you bought.
Save both while the details are still fresh.
Call Gregg Jaffe: 516-770-5305.

10/07/2026

Still taking the standard deduction because itemizing stopped making sense years ago?
The limits on state and local tax deductions have changed.
For Long Island homeowners, that makes a fresh comparison worthwhile instead of carrying last year's choice into another return.
Read more:
https://www.greggjaffetax.com/post/standard-deduction-or-itemizing-why-long-island-homeowners-should-run-the-numbers-again

The 2026 SALT cap is $40,400. See how it compares with the standard deduction and when Long Island homeowners may benefit from itemizing.

10/05/2026

Business taxes involve more than filing a return once a year.
Keeping accurate records and planning ahead can save time, reduce stress, and help your business stay organized.
516-770-5305
https://www.greggjaffetax.com/services/business-tax-prep

Streamline your business taxes with Gregg Jaffe. Offering expert preparation, compliance, and strategic planning for businesses of all sizes. Backed by 25+ years of experience, Gregg ensures accurate and timely tax solutions.

10/02/2026

Helpful Tip Friday
Before putting tax documents away, give the folder a quick once-over.
Keep your filed return together with the W-2s, 1099s, receipts, and other records that support it.
Future you will be glad everything is in one place.
516-770-5305
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09/30/2026

Bought your Long Island home years ago and thinking about selling?
The difference between what you paid and what you sell it for is only part of the tax picture.
Improvements, ownership history, and the home-sale exclusion can all affect what you actually owe.
Read more:
https://www.greggjaffetax.com/post/selling-your-house-on-long-island-what-the-tax-bill-could-look-like

Long Island home prices have risen sharply over the past decade. Nassau County median sale prices are running roughly $852,000 as of spring 2026. Suffolk is around $715,000. For homeowners who bought fifteen or twenty years ago, the gap between what they paid and what they can sell for has grown int...

09/28/2026

Falling behind on bookkeeping can make it difficult to understand how your business is really performing.
Keeping your records current helps with budgeting, tax preparation, and day-to-day decision-making.
516-770-5305
https://www.greggjaffetax.com/services/bookkeeping

Stay organized and focused on your business with Gregg Jaffe’s expert bookkeeping services. Offering tailored solutions for small and medium-sized businesses, including recordkeeping, reconciliation, and financial reporting.

09/25/2026

Helpful Tip Friday
Got married or divorced this year?
Your filing status can affect your tax return, so make sure your records reflect the change before tax season.
A little cleanup now can help avoid confusion later.
516-770-5305

09/23/2026

Did not receive a 1099-K?
That does not automatically mean the income does not need to be reported.
The reporting rules for payment apps and the rules for taxable income are two different things.
Read more:
https://www.greggjaffetax.com/post/are-venmo-paypal-and-cash-app-payments-taxable-the-1099-k-rules-for-2026

If you have sold anything on eBay, collected payments through Venmo, or used PayPal for freelance work, you may have heard that the IRS was about to start requiring platforms to send you a tax form for transactions over $600. Congress repealed that rule in July 2025, and the reporting threshold is b...

09/21/2026

Good tax planning is about making informed decisions throughout the year.
Planning ahead can help you prepare for major financial changes and reduce surprises when it's time to file.
516-770-5305
https://www.greggjaffetax.com/services/tax-planning-and-strategy

Optimize your finances with Gregg Jaffe’s expert tax planning and strategy services. Serving individuals, businesses, and high-net-worth clients with customized solutions to minimize tax liabilities and secure financial goals.

09/18/2026

Helpful Tip Friday
Did you sell stocks, crypto, or other investments this year?
Keep the purchase and sale records together.
Knowing what you paid and what you received makes it much easier to calculate any gain or loss at tax time.
516-770-5305