So, what exactly are estimated taxes and quarterly estimated tax payments, who needs to make them, when are the deadlines, and how can you avoid penalties?
Keep reading for a comprehensive overview of your 2023 and 2024 obligations
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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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With Thanksgiving behind us and the holiday season ahead of us, many nationwide face the same issue: Too many leftovers!
Read on to discover how the Enhanced Deduction for Donated Foods can combine goodwill and tax savings to make charitable food contributions better for everyone.
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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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If you recently took an RMD, plan to before the end of the year, or want to understand how the landscape is shifting, read on for a full breakdown of the IRS relief, what it means for your RMDs, and key actions to consider.
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Has your home’s energy efficiency been on your mind lately?
Between rising utility bills and growing climate consciousness, improving your home’s performance is likely appealing. The great news is that a new tax credit can help make home energy upgrades more affordable.
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As a taxpayer, you must understand how these state payments may impact your federal taxes and what to make of IRS guidance on the subject. For more information, continue reading.
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On September 14, 2023, IRS Commissioner Danny Werfel ordered an immediate moratorium on processing new claims for the Employee Retention Tax Credit (ERC).
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2023 has seen some significant developments in the U.S. crypto taxation landscape.
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In May 2023, the Internal Revenue Service (“IRS”) submitted a report to Congress evaluating the feasibility of providing taxpayers with the option of a free, voluntary, IRS-run electronic filing system, commonly referred to as “Direct File.”
Read MoreJeff 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, 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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