Blog
How to Set Up a Small Business in New York: What is a Limited Liability Partnership?
Business applications and formations continue to rise month over month in 2021. It’s a big step to start your own business and there are a lot of decisions ahead of you. One of the first decisions to make is what type of business entity to form. Previously, we...
How to Set Up a Small Business in New York: Limited Partnership
There are many reasons that people start a business. The top three are dissatisfaction with corporate life, the opportunity to pursue your passion and the chance to be your own boss. Small businesses make up nearly all (99.9%) of U.S. businesses, and it’s growing! In...
How To Set Up A Small Business In New York: General Partnership
Though the news is filled with stories of small businesses closing their doors during the pandemic, small business applications are rising at the fastest rate since 2007. Recently, the Wall Street Journal reported that “applications for employer identification numbers...
How to Set Up a Small Business in New York: Sole Proprietorship
Congrats! You’ve decided to start a business. What’s next? One of the first questions you’ll be asked is what type of business entity you’d like to conduct business under. The options include a Sole Proprietorship, General Partnership, Limited Partnership, Limited...
What tax changes can we expect from the Biden administration?
Good question! Well, it might be the understatement of the year, but over the last 10 months, our lives have been filled with change and uncertainty. Now we face even more unpredictability with a new administration coming in. One thing we here in the accounting world...
The Three A’s Made As Simple As Your ABC’s
An Explanation of Audits, Assurance and Attestation Over the last 5 years or so, there have been major changes to the accounting standards that must be implemented by businesses. If that’s not enough, many companies are struggling in the new COVID world, forcing them...
We are all in this together….Sure we are.
Sorry for the subject line but we couldn’t help ourselves. After a week of dealing with various bank requirements relating to the PPP loans, some of which seem nonsensical, such as changing SBA requirements, opaque reasons for approval, non-approval, regional approval...
6 Year-End Tax Tips That Can Save You Money
“…but in this world nothing can be said to be certain, except death and taxes.” ― Benjamin Franklin As the leaves fall and the weather cools down, it’s time to make moves that can reduce your 2019 taxes or increase next year’s refund. Here are 6 tips we share with our...
Tax Tips for Gig Economy Workers
In 1938, Congress passed the Fair Labor Standards Act, which eliminated brutally long work days and ushered in the 9 to 5 workday. Today’s work world is dramatically different, with almost half of today’s workers freelancing or self-employed. According to CNN Money,...
Recognition of Lack of Recoverability of Inventories (US GAAP)
Accounting for the recognition of lack of recoverability of inventories can be a complex area that often requires the exercise of judgment. Although, US GAAP provides guidance under ASC 330, Inventory, it is the obligation of each entity to establish procedures to...
What Our Clients Say
“ LH Frishkoff is so much more than Tax and Accounting. They have been proactive partners helping us achieve vital business milestones, work through challenges and ultimately create the financial infrastructure we have needed to succeed. Their level of service, professionalism and genuine care for their client’s businesses truly sets them far apart from all others.”
– Jeremy Bergstein, CEO, The Science Project
L.H. Frishkoff & Company
546 Fifth Ave. New York, NY 10036
212-808-0070
565 Taxter Road, Elmsford, NY 10523
914-523-2047
L.H. Frishkoff & Company
546 Fifth Ave. New York, NY 10036
212-808-0070
565 Taxter Road, Elmsford, NY 10523
914-523-2047