C Corp or S Corp—Which Structure Is Right For Your Business?

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What are the similarities between a C corporation and an S corporation? C corporations and S corporations have several things in common. First, both structures require that articles of incorporation be filed with the state where the corporation wishes to be formed. Both structures generally have shareholders, directors, and officers. Additionally, both structures represent entities…

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Understanding the New FinCEN BOI Reporting Requirement

Understanding the New FinCEN BOI Reporting Requirement

Stay ahead of the compliance curve! Explore the intricacies of the new FinCEN BOI reporting requirement taking effect from January 1, 2024. Uncover the essentials of the Corporate Transparency Act, understand who needs to report their beneficial ownership information (BOI), and ensure timely compliance. Learn about filing deadlines, exemptions, and the potential consequences for non-compliance. Don’t risk fines or imprisonment – empower yourself with the knowledge to meet these crucial obligations.

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Don’t Get Ghosted: How to Avoid Shady Tax Preparers 

The IRS Dirty Dozen is an annual list of the 12 most prominent tax scams threatening taxpayers and the tax preparation ecosystem at any given time.

To discover more about identifying shady tax preparers, safeguarding your information, reporting misconduct to the authorities, and selecting reliable tax filing assistance, continue reading below.

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Own Qualified Small Business Stock (QSBS)? This Exclusion Could Yield Significant Tax Savings

From startups to shareholders, the opportunity to profit from a successful small business can be life-changing.

To take full advantage of Section 1202, it’s critical to understand the requirements and rules — not to mention whether or not you are even eligible for this exclusion.

In this article, we’ll explore the QSBS Exclusion in detail. Whether you already own small business stock or plan to in the future, read on to discover how this tax provision could put significant amounts of money back into your pocket.

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Jeff Coyle, CPA

Jeff Coyle, CPA, Partner of Rosenberg Chesnov, has been with the firm since 2015. He joined the firm after 20 years of business and accounting experience where he learned the value of accurate reporting, using financial information as a basis for good business decisions and the importance of accounting for management.

He is a diligent financial professional, able to manage the details and turn them into relevant business leading information. He has a strong financial background in construction, technology, consulting services and risk management. He also knows what it takes to create organizations having built teams, grown companies and designed processes for financial analysis and reporting.

His business experience includes:

Creating and preparing financial reporting, budgeting and forecasting.
Planning and preparation of GAAP and other basis financial statements.
Providing insight on financial results and providing advice based on those results.

Jeff also has a long history of helping individuals manage their taxes and plan their finances including:

Income tax planning and strategy.
Filing quarterly and annual taxes.
Audit support.
General financial and planning advice.
Prior to joining the firm in 2015, Jeff was in the private sector where he held senior financial and management positions including Controller and Chief Financial Officer. He has experience across industries, including construction, technology and professional services which gives him a deep understanding of business.

Jeff graduated from Montclair State University, he is a CPA and member of the American Institute of Certified Public Accountants, New York State Society of Certified Public Accountants and New Jersey State Society of Public Accountants.

Jody H. Chesnov, CPA

Jody H. Chesnov, CPA, Managing Partner of Rosenberg Chesnov, has been with the firm since 2004.  After a career of public accounting and general management, Jody knows the value of good financials.  Clarity, decision making, and strategy all start with the facts – Jody has been revealing the facts and turning them into good business results for more than three decades.

He takes a pragmatic approach to accounting, finance and business. His work has supported many companies on their path to growth, including helping them find investors, manage scaling and overcome hurdles.  His experience and passion for business reach beyond accounting and he helps businesses focus on what the numbers mean organizationally, operationally and financially.

He has a particular expertise in early-stage growth companies.  His strengths lie in cutting through the noise to come up with useful, out of the box, solutions that support clients in building their businesses and realizing their larger visions.

Prior to joining the firm in 2004, Jody was in the private sector where he held senior financial and management positions including General Manager, Chief Financial Officer and Controller.  He has experience across industries, which gives him a deep understanding of business.

Jody graduated with a BBA in Accounting from Baruch College, he is a CPA and member of the American Institute of Certified Public Accountants and New York State Society of Certified Public Accountants.

In addition to delivering above and beyond accounting results, Jody is a member of the NYSCPA’s Emerging Tech Entrepreneurial Committee (ETEC), Private Equity and Venture Capital Committee and Family Office Committee.  

He is an angel investor through the Westchester Angels, and has served as an advisor for many startup companies and as a mentor through the Founders Institute.

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