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Questions You Need to Ask Before Hiring a New York Tax Accountants

If you are an entrepreneur or owns a business, and you are on a hunt for a New York City accountant, congratulation, it is a sign that your business is growing. It is also a smart move if entrepreneurs are thinking about the financial side of your business.

According to the latest survey conducted on 400 business owners, accountants are ranked as the most important profession in their company. From a potential tax saving to a more improved flow of cash, accountants are worth the investment if businesses find the right one that suits your needs. Before hiring a New York City accountant, ask these simple questions.

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Are you a Certified Public Accountant?

The answer we are looking for here is yes, the accountants all businesses need to hire should be a certified public accountant. It is the first thing and the most critical question you need to ask. You deserve a New York City accountant that is also a CPA passer.

Anybody can enter numbers into software like TurboTax or QuickBooks, but that is not real tax services, and accounting looks like. The actual accounting work begins before taxes are due. It is about making the right and smart decisions.

These decisions are better if it comes from certified professionals that will help grow you grow your brand or business. When it comes to handling your business finances, there are four basic types of certified professionals that you can hire. They are listed from least to most effectively.

A lot of startups or new companies see money when they think about hiring New York tax accountants. They chose to manage their finances and taxes themselves. The Do-It-Yourself approach can be very tempting, but it is a risky move. Do people know this year’s new tax code?

Not only that, time is precious, and for business owners, it is money. Take out your pen and paper and perform some simple math. List down how much hourly rate you want for your services. Maybe these professionals have a higher price compared to what regular company initially are asking for.

But they can be very thorough with their job and can do it in half the time. Not only that, it is better if you spend your precious time looking for ideas on how to grow your business instead of crunching numbers and thinking of financial and tax issues of your company. Do not be cheap and foolish.


Bookkeepers are professionals who keep the company’s books. Entrepreneurs hand over their invoices, receipts, and bank statements. They record all these transactions manually or by using software like QuickBooks. They can track account receivables and payables, process payroll, and handle forms like 1099.


A New York City accountant who knows how to do all things related to a company’s finances and taxes. They prepare essential reports that are needed for taxes, as well as analyze a company’s finances.

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Certified Public Accountant or CPA

If you want the most bang for your money, you need to hire an accountant that is at least a CPA board passer. You know the reason why? These professionals, with CPA under their name have gone through a lot of training, and they are licensed by the State of New York to perform accounting services.

Only a CPA or a tax lawyer officially represents companies when dealing with the Internal Revenue Service. To the Internal Revenue Service professionals that are not CPA board passer are unenrolled preparers. Most CPAs have bookkeepers working for them; that is why it is a one-stop-shop. Clients do not need to hire a separate bookkeeper.

What is your asking price?

If entrepreneurs ask these professionals about their asking price and they give it to them without hesitation, it is buyer beware. An excellent certified professional will first set up an initial in-person or at least a phone consultation to assess their needs. Then they will provide a structured fee based on the customer’s financial capabilities.

If they give a price that is too good to be true, it may be too good to be true. Companies will not be getting the right professional that suit their needs. It would be best if they found a more proactive accountant that is always looking over their shoulder.

Professionals that are always looking for any tax payables and receivables or someone who advises companies to restructure their business to free up their cash flow. Beware of professionals who lowball their clients over the phone. They may be trying to bait businesses to enter the door where the dimes and nickels are found.

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Business Law

Ethics in Legal Business: How to Operate Morally

Running a legal business is a complicated process. Among others, one of the most important aspects that should be given attention would be ethical operations. With this, the rest of this post will take a quick look at some of the aspects where moral obligation should be emphasized. It is important to operate morally not just to avoid legal issues but to also deliver superior service.

Exercise Reasonable Care with Cloud Computing

The use of a law practice management software like Rocket Matter has redefined the way the legal business operates. Cloud computing made it possible to access legal documents round-the-clock. However, it is also prone to ethical issues, which makes it important to exercise utmost care. Due diligence should be exercised when choosing a vendor, making sure that it has a proven track record to be confident that the security of the information stored on the cloud will not be compromised in any way.

While the legal software features can be convenient for lawyers, it also opens doors for vulnerabilities, such as hacking. Nonetheless, as long as the right vendor is chosen, this is not a thing to be worried about.

Use Social Media Responsibly

Facebook, Twitter, and Instagram are some of the most popular social media sites today. Lawyers, without a doubt, are also using it. In most law firms, these sites are accessible. However, this can also be a source of ethical dilemma. In one article from Forbes, it questions whether social media is a good platform for business or is it an ethical minefield? While social media can be used for promoting legal services, it is important to be prudent to avoid legal issues.

Free From External Pressure

To be ethical in the legal business, it is important for lawyers to practice independence, honesty, and integrity. What this simply means is that the lawyer must not be subjected to interference, especially from those who are in power. The client should be represented in a manner that is unbiased.

Deliver Competent Services

It is also important to note that lawyers have the inherent responsibility to deliver competent services to their clients. They must practice due diligence in everything that they do. To add, this also means that they should not accept more cases than they can handle, making sure that they can dedicate enough time to assist each client.

Maintain Confidentiality

This is perhaps one of the most important ethical pillars in the legal profession. Client communications should remain confidential. The written and oral statements of clients cannot be revealed by the lawyers or the firm without consent. The firm or the lawyer should implement best practices in protecting information shared by the client, including through the use of innovative technologies that promote information security.

Ethics is one of the most important foundations of strong legal practice. The best lawyers and law firms in the world put an emphasis on ethics to deliver the best service to their clients.

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General Article

Some Words About Shopping During Christmastime

Christmastime is an exciting time when it comes to shopping. In fact, so much emphasis is placed on materialism and consumerism that some people argue that the holiday has lost its meaning and the season is in vain. However, that is a different story. When shopping around Christmastime, there are some things to remember.

First off, the Christmas season seems to officially begin on Thanksgiving and last into or perhaps even past, New Years. On Thanksgiving, the Christmas music starts in stores and everything is locked and loaded. Black Friday is the huge kick-off. It is when people mob stores for items that are sold at unnaturally low prices. There have been instances where people have been trampled to death in stores on Black Friday. Even though Black Friday is the biggest sale day of the year, there are still plenty of sales throughout the season. You just have to be really vigilant about looking for sales online and in person. Items may sell out very fast if they are at really low prices.

Secondly, something to take note of is the fact that many businesses may have holiday editions of their products. Such seasonal, limited edition products may be very interesting to try out and enjoy. This is especially true of restaurants, which sometimes have specialty menu items that are based on the season. Some businesses may even use specialty holiday package design for their many delivered packages. Business owners must plan months ahead for these packages and may even order double or triple their normal load of packaging supplies just for the month of December.

There are stores that have sections that are specifically dedicated to Christmas. The grandest of such stores are department stores that can be found in large cities such as New York City. These types of places also tend to have displays behind windows that people can look at from the outdoors. There are also many pop-up holiday places that sell Christmas-themed stuff. Christmas stores have a large variety of stuff for your Christmas needs, such as ornaments, trees, wreaths, stockings and a variety of other items.

Some stores are expensive when it comes to the Christmas items that are sold. You can get some pretty nice stuff for less expensive prices if you go to an inexpensive convenience store or supermarket. For example, in some stores an ornament might cos you $20.00. In a less expensive store, a pack of ornaments may cost you $5.00 or $10.00. If you do not have a particular ornament that you are really crazy about getting, there is nothing wrong with getting the cheaper ones; they look just as good. Christmastime is the season where a lot of things are sold for expensive prices that you can really get cheaper in other places.

If you are buying decorations, think about how lights may impact your electric bill, as well as whether or not here are any safety hazards when it comes to lining you home with electric lights. Also, think about how you will maintain these decorations once you buy them. Are there any specific things that you have to do to take care of the conditions when there are certain types of weather?