Every spring, New Yorkers become amateur detectives—trying to uncover the mystery of their missing refund. Where is my refund NY? As CPAs, we field this question daily: “Where is my state refund?” Let me give it to you straight. Understanding the Refund Timeline The New York State Department of Taxation and Finance typically issues refunds within: But that’s best-case scenario. … Read More
5 Simple Steps to Make Tax Season Less Stressful
Tax Tips for Reducing Taxable Income. Tax season doesn’t have to be overwhelming. Whether you’re an employee or a small business owner, staying organized and proactive throughout the year can make filing your taxes a smoother and less stressful experience. Here are five practical tips to help you stay on top of your taxes and potentially save money along the … Read More
Celebrating Madam C.J. Walker
A Pioneer in Beauty and Business – Madam C.J. Walker This Black History Month, we honor Madam C.J. Walker, a trailblazer who transformed the beauty industry and empowered countless women. Born Sarah Breedlove in 1867 to formerly enslaved parents, Madam Walker overcame immense challenges to become America’s first self-made female millionaire. Madam Walker’s journey began with a simple yet revolutionary … Read More
The Founding of the NABA:
A Story of Perseverance and Unity In the late 1960s, the accounting profession in the United States was overwhelmingly white and male. African Americans faced significant barriers to entry, including racial discrimination, limited access to education, and a lack of mentorship and networking opportunities. Despite these challenges, a group of nine visionary Black accountants came together to create an organization … Read More
John Cromwell Jr. First Male Black CPA
A Trailblazer in Accounting In the early 20th century, the field of accounting was dominated by white men. Opportunities for African Americans were virtually nonexistent. But John W. Cromwell Jr., born in 1884 in Washington, D.C., was determined to defy the odds and make history by becoming the first Male Black CPA. Cromwell grew up in a family that valued education … Read More
The Story of Mary T. Washington:
America’s First Black Woman CPA In the bustling city of Chicago during the early 20th century, a young girl named Mary Thelma Morrison grew up with a keen mind for numbers. Born in 1906, Mary was raised by her aunt and uncle after her mother passed away when she was just a child. Despite the challenges of growing up during … Read More
🛡️ The OBBBA Sets new Estate & Gift Tax Exemption
How does the One Big Beautiful Bill Act affect Estate & Gift Tax planning? The One Big Beautiful Bill Act (OBBBA), signed in July 2025, provides unprecedented certainty for high-net-worth individuals and business owners. Specifically, the Act permanently sets the federal unified Estate & Gift Tax exemption amount. This amount is $15 million per individual or $30 million for married … Read More
Major 401(k) Changes in 2025
Maximize Your Retirement Savings Investing in a 401(k) is one of the smartest ways to build wealth for retirement. With automatic paycheck deductions, tax benefits, and potential employer matches, it’s a no-brainer for those looking to secure their financial future. 401k Changes In 2025, the IRS is introducing key changes that could impact your contributions and tax savings. Here’s what … Read More
The One Big Beautiful Bill Act Creates Tax-Free Tips & Overtime
Boost Your Bottom Line: How does the One Big Beautiful Bill Act create Tax-Free Tips & Overtime for workers and impact tax prep? The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, provides a federal income tax deduction for a portion of qualified tipped income and qualified overtime pay for tax years 2025 through 2028. … Read More
Preparing for the 2025 Tax Season
As the 2025 tax season approaches, it’s essential for all taxpayers, including small business owners and individuals from various income levels, to proactively prepare for their 2024 federal income tax returns. Early preparation not only streamlines the process but also minimizes risks and ensures compliance with evolving tax regulations. Here are the essential steps you should take: Leverage Enhanced IRS … Read More
Tax Tips for Reducing Taxable Income
Tax Tips for Reducing Taxable Income. Tax season doesn’t have to be overwhelming. Whether you’re an employee or a small business owner, staying organized and proactive throughout the year can make filing your taxes a smoother and less stressful experience. Here are five practical tips to help you stay on top of your taxes and potentially save money along the … Read More
IRS Tax Updates for 2025
Tax Code Changes are coming The IRS has announced a wide range of tax code changes set to take effect in the 2025 tax year, and they could influence everything from how much you owe to how you manage your savings. These updates, released in late October, aim to help counter ongoing inflation and ease some of the financial pressure … Read More