John Economos, CPA

Do you have questions about tax filing or need assistance with tax planning? We can help. Contact me and we can get started.

Do you have any contractors/professionals that you paid over $600 in 2021 for services provided to your business?

If so, you are required to issue them a form 1099-NEC (for "Non-employee Compensation") by January 31st, 2022. (exceptions do apply, please contact me for further detail)

If you need help filing, or have questions on requirements, please feel free to contact me.

Looking forward to speaking with you!

Never worry about your accounting again. We're experts in small business expert that can help with all things accounting - taxes, bookkeeping, payroll & more. Schedule an appointment today.

Hi Everyone, as summer starts to wind down, there are some important tax deadlines fast approaching:

PERSONAL TAXES WITH AN EXTENTION- Personal tax returns and Single Member LLC's that have previously filed an extension are due October 15, 2021.

BUSINESS TAXES WITH AN EXTENSION- S-corps, LLC's with an S-Election and Multiple Member LLC's that have previously filed an extension are due September 15, 2021.

Missed the Tax Deadline? Remember, its better late than never! Remember that the penalties for not filing a tax return or a tax extension are higher than not paying taxes owed. Not filing a tax return or an extension is ten times more expensive than not paying your taxes on time! If you haven't filed your taxes, contact us for an appointment- we will get you quickly up to speed!!!

Missed the Tax Deadline? Remember, its better late than never! Remember that the penalties for not filing a tax return or a tax extension are higher than not paying taxes owed. Not filing a tax return or an extension is ten times more expensive than not paying your taxes on time! For example, the penalty for not filing on time is 5%/month of the tax amount owed, plus interest, versus a late payment penalty of 0.5%/month, plus interest. We can help you file late taxes for 2020 or prior years. If you owe back taxes, we can set you up with a payment plan to pause penalties.

COVID-19 Relief: Overview of the New American Rescue Plan Act

President Biden recently signed legislation to infuse the U.S. economy with another $1.9 trillion in financial relief during the COVID-19 pandemic. This is welcome news for people and businesses that have suffered major losses over the last year. When you come in for your appointment we can discuss the key provisions which may affect your tax return.

It’s Tax Time Family and Friends! Here for all your filing needs.

Preparing your own personal income tax return is a risk that most cannot afford to make. Personal income tax return filing is a task that leaves you with more questions than answers, and that is why having an expert accounting team on your side is so important. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax return preparer in New York City.

Tax season is coming! Get fast, reliable, accurate tax services. Contact us to book an appointment!