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Our take on all things financial.
Post-Tax Season: What to Do Now
You filed your taxes. You breathed that sigh of relief. But before you close the folder, there's a window of opportunity sitting right in front of you. The weeks after tax season...
Reid Named Three Times by Accounting Today in Its Prestigious 2026 Rankings
Reid Accountants + Advisors has earned a rare triple distinction from Accounting Today, one of the accounting profession's most respected industry authorities — recognized as...
Jason Reid Saladino Named LIBN Influencer in Accounting
May 2025 – Woodbury, NY — Jason Reid Saladino, Managing Partner of Reid Accountants + Advisors, has been recognized as a Long Island Business News (LIBN) 2025 Influencer in...
The Standard Business Mileage Rate Increased in 2025
The nationwide price of gas is slightly higher than it was a year ago and the 2025 optional standard mileage rate used to calculate the deductible cost of operating an automobile...
Turn a Summer Job into Tax Savings: Hire Your Child and Reap the Rewards
With summer fast approaching, you might be considering hiring young people at your small business. If your children are also looking to earn some extra money, why not put them on...
You and Your Employees can save more for retirement in 2025
How much can you and your employees contribute to your 401(k)s or other retirement plans this year? In Notice 2024-80, the IRS recently announced cost-of-living adjustments that...
Early bird tips: Answering your tax season questions
The IRS announced it will start the 2025 filing season for individual income tax returns on January 27. That’s when the agency began accepting and processing 2024 tax year...
Maximize your year-end giving with gifts that offer tax benefits
As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and show generosity to...
Cash or Accrual Accounting: What’s best for tax purposes?
Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those that...