Small Business Archives - Page 7 of 9

Inside the Numbers with Susy Gao

September 4, 2023August 11, 2023

Meet Susy Gao, a compassionate and dedicated partner at Robert P. Russo CPA PC. With over 15 years of experience in accounting, Susy has cemented herself as a cornerstone of the firm. In this video, she shares her journey from …

Small Business Financing: Securing A Loan

Small Business Financing: Securing a Small Business Loan

July 11, 2023July 2, 2023

At some point, most small business owners will visit a bank or other lending institution to borrow money. Understanding what your bank wants and how to approach it properly can mean the difference between getting a loan for expansion or scrambling to find cash from other sources.

Business Growth and Accounting Success – Robert P. Russo CPA

August 13, 2023June 16, 2023

Meet our clients: Jessica Hanson, James Johnson, and Jeff Buffum, who’ve experienced significant business growth and financial transformation with Robert P. Russo CPA PC. Their diverse profiles include a certified financial planner and wealth management advisor, a New York City …

Behind the Numbers: Unlock Business Opportunities

August 13, 2023June 8, 2023

At Robert P. Russo CPA PC, we understand the thrill of entrepreneurship. We also recognize the challenges that come with it.

In the video below, Bob shares the process of helping clients in the ever-changing tax world and how his clients unlock opportunities. If you prefer, you can also read the transcript below.

Ask Bob: Should My Business Be an S Corporation? 6 Myths and Facts

July 17, 2023April 25, 2023

CPA Robert Russo Breaks Down the Question: Should My Business Be an S Corp?

Will it help or hurt me? The team at Robert P. Russo, CPA has been getting questions about which business entity will allow them to best take advantage of the law. One question that keeps coming up is: should my business be an S corp? We get this question from LLCs and sole proprietorships – even employees wondering if now’s the time to launch that startup.

Russo CPA Tax Implications when Employees in the Family Business, 2023

Tax Implications When Employed in the Family Business

March 7, 2023March 3, 2023

When a family member employs someone, the tax implications depend on the relationship and the type of business. Taxpayers and employers need to understand their tax situation. Here is what to know:

Succession Planning: Strategies for Leaving a Business

April 7, 2023February 23, 2023

Selecting a successor is a fundamental business succession planning and exit strategy objective. Still, it requires a careful assessment of what you want from the sale of your business and who can best give it to you.

Choosing a Business Entity

May 9, 2023February 21, 2023

When you decide to start a business, one of the most important decisions you’ll need to make is choosing a business entity. It’s a decision that impacts many things—from the amount of taxes you pay to how much paperwork you have to deal with and what type of personal liability you face, and with the passage of the Tax Cuts and Jobs Act of 2017, it’s more important than ever to choose the business entity that benefits your business.

Year-end Tax Planning Strategies for Business Owners

November 8, 2022November 7, 2022

Several end-of-year tax planning strategies are available to business owners to reduce their tax liability. Let’s take a look:

Defeat the $10,000 SALT Cap with the PTE Tax – Part 2

October 17, 2022

We explained in Part 1, a majority of states now allow pass-through entity (PTE) owners to get around the federal $10,000 state and local tax (SALT) deduction cap on individual taxpayers by having their PTE pay state income tax on its income at the entity level.