Author Archives: Cordasco
Let your financial statements guide you to optimal business decisions
Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter how busy things get, don’t forget about an easily accessible and highly informative resource … Continue reading
The tax rules of renting out a vacation property
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s … Continue reading
Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions
Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why would you want to? One reason might be tax law changes … Continue reading
Take your financial statements to the next level
Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax returns. This year, take your financial data beyond compliance. Here’s how financial statements can be used to be proactive, not reactive, to changes in the … Continue reading
Does your business barter? Here are some facts you should know
In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. Bartering is the oldest form of trade and the internet has … Continue reading
Cordasco provides last minute tax advise before the April 18th filing deadline
Check out Rob Cordasco CPAs latest interview on what to look for going into the April 18th filing deadline. Cordasco continues to provide thought leadership in the area of tax and accounting. He provides 36 years of insight and percpective of what … Continue reading
Cordasco Outlines Steps to Take Before Monday’s Filing deadline
Rob Cordasco CPA continues to provide thought leadership and guidance in the world of tax. Check out Rob’s most recent interview with TIME on what you should know going into Monday. You can also check out Rob’s additional commentary in … Continue reading
Cordasco Provides Guidance on Extension Pitfalls
Check out Rob Cordasco’s most recent interview through YahooFinance on the common mistakes people make when filing for extensions. Follow Rob through his website as he continues to provide thought leadership in tax and the accounting industry. Also, check out Cordasco … Continue reading
Lost your job? Here are the tax aspects of an employee termination
Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind. However, there are tax implications due to your changed personal … Continue reading
Cordasco Weighs In on Tax Season Progress
As a thought leader in the industry, Rob Cordasco weighed in on the current state of tax season and the profession. Check out his most recent interview in Accounting Today.