CPA, Business and Financial Advisory firm with offices in Manhattan and Jericho, New York. DFK International Member
New York
Joined July 2009
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Paid mortgage points when buying or refinancing a home?
Depending on the circumstances, qualifying points may provide a tax deduction in the year paid or over the life of the loan.
#TaxTips #Homeowners #MortgagePoints #TaxPlanning
Using crypto for business?
Paying an employee, contractor, or business expense with cryptocurrency can create tax consequences beyond the transaction itself. In some cases, the crypto's change in value can trigger a separate gain or loss.
Here's what businesses should know:
The Social Security wage base is increasing in 2027, which may affect payroll tax costs and planning for businesses with higher-earning employees.
Learn more in our latest blog: ddkcpas.com/new-social-secur…
#PayrollTax #SmallBusiness #TaxPlanning #BusinessOwners
We’re growing our team!
Take a look at our current openings and see where your next opportunity could take you.
Interested or know someone who may be a great fit? Send a resume or questions to [email protected].
Before year-end, see whether you're on track for your full employer match and whether increasing pretax contributions makes sense for your 2026 tax strategy.
Note that payroll deadlines may arrive before December 31.
#401k #TaxPlanning #RetirementPlanning
This October, we’re celebrating the birthdays and work anniversaries of our amazing team members! We’re grateful for everything each of you brings to DDK and are happy to celebrate these milestones together.
Join us in celebrating our October honorees!🎂👏
The IRS has updated its business travel per diem rates for fiscal year 2027.
If your business reimburses employee travel expenses, it may be time to revisit your travel policy.
Read more: ddkcpas.com/per-diem-rates/
#BusinessTravel #TaxPlanning
Separating or divorcing this year? Your decisions now can affect your tax situation this year and beyond.
Year-end is a good time to understand the potential impact before financial decisions are finalized.
#TaxPlanning #YearEndPlanning #TaxTips
Having a better year than expected?
Strong revenue growth can also mean a bigger tax obligation. Reviewing your tax position before year-end can help you plan ahead rather than face a surprise at filing time.
#TaxPlanning #YearEndPlanning #BusinessOwners
Moving out of New York doesn't necessarily end your NY tax residency.
For those splitting time between states, where you spend your days and how you document them can matter.
Plan ahead and keep good records.
#NYTax #TaxResidency #TaxPlanning #SALT
Strong investment performance can come with an added tax consideration.
If your income crosses certain thresholds, the 3.8% Net Investment Income Tax may apply to some of your investment income.
Read more: ddkcpas.com/net-investment-i…
#TaxPlanning #NIIT #InvestmentIncome
Selling an appreciated asset?
The sale price is only part of the equation.
Taxes, timing, and transaction structure can all impact how much of the proceeds you ultimately keep.
#TaxPlanning #CapitalGains #Investing #BusinessOwners #RealEstate
Strong sales don't always mean strong profits.
Shipping, commissions, discounts, returns, and support costs can all affect a product's true profitability.
#Profitability #BusinessStrategy #BusinessOwners
Selling mutual fund shares?
Your taxable gain isn't based solely on the sale price. Cost basis and the calculation method used can play a major role in determining the taxes you owe.
#Investing #MutualFunds #TaxPlanning #CapitalGains #TaxTips
The future of a family business depends on more than naming a successor.
Preparing the next generation of leadership takes planning, development, and a clear transition strategy.
Read more in our latest blog: ddkcpas.com/succession-plann…
#FamilyBusiness #SuccessionPlanning
Payroll mistakes can be costly.
Incorrect withholding, late tax deposits, and missed taxable compensation can lead to penalties and compliance issues.
The sooner errors are identified, the easier they are to correct.
#Payroll #TaxCompliance #BusinessOwners
Great customer service starts with great experiences.
AI can help businesses deliver faster responses, improve request routing, support employees, and uncover trends that drive continuous improvement.
#AI #CustomerService #CustomerExperience #BusinessGrowth
Selling mutual fund shares?
How long you've owned them can have a significant impact on how your gains are taxed.
Holding periods matter when it comes to investment tax planning.
#MutualFunds #TaxPlanning #CapitalGains #TaxTips
Some year-end tax strategies may not work the way you expect under the Alternative Minimum Tax (AMT).
With higher AMT risk in 2026, now may be a good time to evaluate how income and deduction timing could affect your tax situation.
Read more: ddkcpas.com/higher-2026-amt/
