A Simplified Employee Pension, or SEP IRA, is a basic retirement account much like a traditional IRA. SEP IRA contributions are tax-deductible, and investments grow tax-deferred until retirement, when distributions are taxed as income. A SEP IRA may be a better choice for you…. If you have employees and want to choose which years to
Questions to ask before expanding to new location
4 tough questions to ask before expanding to a new location Is business going so well that you’re thinking about adding another location? If this is the case, congratulations! But before you start planning the ribbon-cutting ceremony, take a step back and ask yourself some tough questions about whether a new location will grow your
Is a REIT Right for You?
Most folks would find it challenging to build a commercial real estate portfolio on their own. But using a Real Estate Investment Trust or REIT, an individual can buy a share in a commercial real estate portfolio and make money the same way the big real estate investors do: receiving income generated by renting, leasing
Monthly Client Spotlight New York Produce Inc
Our May client in the spotlight is New York Produce. Started as a tomatoes distributor in 1984 by founder Elio Valdivia, its product line has grown to include produce, groceries, dairy, and frozen products from every corner of the world. Although it began with only 4 employees, it now employs over 100 individuals with expertise
Monthly Client Spotlights
Never Ignore an IRS Notice
The IRS sends notices and letters for many reasons after tax season: There is a balance due You are due a larger or smaller refund There is a question about your tax return Income is underreported (see more below) There is a need to verify your identity Additional information is needed Your return has been
Innovative Ideas in Accounting
Folks think there isn’t much to talk about this year when they talk about taxes due to the fact there is no major legislation on the horizon. Well, we think there is plenty of opportunity ahead in 2019 to make money, manage money, and save money. Here’s what we’re excited about! Technology is not going
3 Midyear Tax Planning Strategies for Business
Tax reform has been a major topic of discussion in Washington, but it’s still unclear exactly what such legislation will include and whether it will be signed into law this year. However, the last major tax legislation that was signed into law — back in December of 2015 — still has a significant impact on
Money Moves For Millennials
The Trend Is Not Your Friend Millennials may look financially healthy on the outside, but studies show 66% have nothing saved for retirement! Are you one of the many Millennials not saving? Between having to pay for food, medical bills, rent, and student loans, there’s often not much left over. Perhaps you think retirement goals
Lou Fuoco CPA, CEPA Receives Best Accountant Award from the Palm Beach Post
Lou Fuoco, CPA, CEPA, Receives Best Accountant Award from the Palm Beach Post, North Palm Beach, FL, (March 11, 2019) – Fuoco Group and TFG Related Entities are proud to announce that Managing Partner Lou J. Fuoco, CPA, CEPA, has received the 2019 Palm Beach Post Community Choice Award for Best Accountant in Palm Beach
