Taxmaster, Inc.

Running a business means tax questions tend to pop up all year, not just in April.
Having a plan for payments, deductions, and recordkeeping can make the whole process feel a lot less reactive.
718-326-0500 | 631-673-0617
https://www.taxmasterinc.com/services/business-tax-services

Reconcile your business accounts monthly, while the transactions are fresh.
Missing entries and duplicate charges are easier to investigate now.
Letting them sit until tax season turns small questions into a bigger cleanup.
Glendale: 718-326-0500 | Melville: 631-673-0617.

Can’t afford the tax bill? Waiting to file can make the problem more expensive.
Filing and paying are separate responsibilities. Missing the filing deadline can add another penalty to an unpaid balance.
The IRS offers payment options, so owing more than you can pay doesn’t mean you’re out of choices.
Read more:
https://www.taxmasterinc.com/post/irs-payment-options-for-taxpayers-who-cannot-pay-in-full

IRS Payment Plan Options Explained | TaxMaster IRS payment options explained: short-term plans, installment agreements, hardship status, and Offers in Compromise for New York taxpayers.

Growing businesses need more than accurate numbers.
Reliable accounting provides the financial insight needed to make informed decisions throughout the year.
What financial goal is your business focused on right now?
718-326-0500 | 631-673-0617
https://www.taxmasterinc.com/services/accounting-services

Accounting Services in Queens & Long Island | TaxMaster Bookkeeping, financial reporting, and accounting system setup for businesses in Queens and Long Island. Serving New York business owners since 1950.

Tell your tax preparer about a major life change before the year ends.
A new job or a move into self-employment can affect your taxes.
October gives you time to talk through the change before filing season.
Glendale: 718-326-0500 | Melville: 631-673-0617.

Being below the federal estate tax threshold doesn’t mean an estate avoids New York tax.
New York has its own lower threshold. Its exclusion credit also phases out quickly once an estate crosses that line.
For families near the limit, a small increase in estate value can create a much larger tax bill.
Read more:
https://www.taxmasterinc.com/post/how-the-new-york-estate-tax-cliff-works

The New York Estate Tax Cliff | TaxMaster New York's estate tax credit phases out just above the exclusion, so the first dollars over the line cost the most — and New York has no portability.

An IRS letter can raise a lot of questions.
Understanding your options early can make the process much easier to manage.
Have you ever received a notice you weren't sure how to handle?
718-326-0500 | 631-673-0617
https://www.taxmasterinc.com/services/irs-representation

IRS & NY Tax Representation | TaxMaster, Inc. IRS notice response, audit representation, and New York State tax matters for individuals and businesses in Queens and Long Island since 1950.

Helpful Tip Friday 💡
If you work from home, keep notes on what you use for business and what stays personal.
Internet, phone, office supplies, and other shared expenses can get blurry by tax time if you haven’t tracked them along the way.
718-326-0500 | 631-673-0617
https://www.taxmasterinc.com

Selling your house for more than you paid for it?
That doesn’t automatically mean you’ll owe tax on the full gain.
There are exclusions and other rules that can affect what the tax bill actually looks like.
Read more:
https://www.taxmasterinc.com/post/selling-your-house-on-long-island-what-the-tax-bill-could-look-like

Selling Your House on Long Island: Tax Impact | TaxMaster Long Island home prices have climbed for years. Before you sell, here's how the federal home-sale tax exclusion and New York taxes could affect you.

Finding yourself searching for receipts every tax season?
Organized bookkeeping makes it easier to understand your finances and keeps important records at your fingertips.
Would your books pass a quick check today?
718-326-0500 | 631-673-0617
https://www.taxmasterinc.com/services/bookkeeping-services

Bookkeeping Services in Queens & Long Island | TaxMaster Monthly bookkeeping, catch-up cleanup, and bank reconciliations for small businesses in Queens and Long Island. Serving New York business owners since 1950.