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Discover the top business tax mistakes small business owners make in New York. Learn how to avoid penalties, reduce tax liability, and stay compliant with help from a qualified CPA. Running a business in New York means managing one of the most complex tax environments in the country. Between federal requirements, New York State guidelines, and even New York City–specific rules, small mistakes can turn into expensive problems. Below are the five most common tax mistakes — and

While North Carolina is business-friendly, taxes and filings still require expertise. Here’s when a CPA becomes a smart investment. 1. Business Formation or Expansion A CPA helps ensure your entity type fits your goals and minimizes taxes. 2. Adding Employees or Contractors Payroll laws, withholding requirements, and worker classification affect NC businesses significantly. A CPA prevents costly mistakes. 3. Limited Time to Handle Tax Law Changes A CPA monitors federal and st

With rising digital fraud and cybercrime, identity theft has become one of the biggest threats during tax season. Here’s how New Yorkers can protect themselves — and what to watch out for. 1. Protect Your Personal Documents Keep Social Security cards, financial statements, and tax records in secure locations. Never email sensitive documents unencrypted. 2. Use Strong, Unique Passwords Enable two-factor authentication for: • IRS accounts • Bank accounts • Bookkeeping software

North Carolina has a business-friendly tax environment — but mistakes still happen. Here are the most common tax errors and what NC business owners can do to fix them. 1. Poor Recordkeeping NC business owners often struggle with inconsistent bookkeeping, missing receipts, and disorganized financials. How to avoid it: • Use bookkeeping software • Keep receipts digitally • Reconcile accounts monthly 2. Worker Misclassification Service-based businesses in NC (contractors, trades

Tax season is one of the most common times for identity theft. Here’s how NC residents can stay protected. 1. Secure Your Financial Information Lock up personal documents and avoid sending private information through unsecured email. 2. Enable Two-Factor Authentication Add security layers to tax software, email, and banking logins. 3. Avoid IRS Impersonation Scams Scammers often pretend to be from the IRS or the North Carolina Department of Revenue. If something feels off, co

Managing taxes on your own may work when you’re just starting. But as your New York business grows, compliance becomes far more complex. Here’s when hiring a CPA is essential. 1. When Starting, Expanding, or Restructuring Your Business New York business structures have unique tax implications. A CPA helps you: • Choose the most beneficial tax structure (LLC, S-Corp, Corp) • Set up systems and workflows • Manage tax elections • Avoid penalties 2. When Bringing on Employees or

As a measure of safety, security, and convenience, we have made some changes to our processes this tax season. We hope this will provide...