Karpos & Associates

Karpos & Associates No annoying tax professional lingo. Just straight, authoritative and friendly expert advice. Period. So who is he? Looking forward to working with you soon.

Are you a dentist, physician in standalone practice (or doing locums; hospitalist or out-patient), lawyer in private practice, real estate and insurance sales professional, financial planner, engineer, consultant, contractor or any other business owner? Here is how our CPA simplifies taxes:

No financial statement = Too much tax. A seasoned entrepreneur himself, our CPA has deployed no nonsense bu

siness and tax strategies to help clients rein in on operational excesses and save taxes to grow their businesses and achieve higher profits. From Wall Street to Main Street, he has spent nearly two decades building processes and helping businesses and individuals pay no more than their fair share in taxes. He is quick to tell of how blessed he is to reside with his family just outside of NYC driving impact in businesses spread across the east coast and west coast of the United States. If saving $28,000 in new tax deductions is on your bucket list, connect with us via www.karposandassociates.com or call us at 914-831-9277 to schedule an appointment with him

Among other strategies, we specialize in helping you to:
- Create tax deductions that don’t trigger vacation home rules for entertainment facilities
- Extract the hidden deductions from your mileage rate vehicles
- Identify and ensure double deductions for often overlooked and misclassified sporting events, employee parties and boondoggles
- Design retirement plans when you have employees
- And many more!!!

Digital assets like cryptocurrency, NFTs, and other digital investments continue to create unique tax reporting requirem...
07/18/2026

Digital assets like cryptocurrency, NFTs, and other digital investments continue to create unique tax reporting requirements.

Whether you buy, sell, trade, receive, or use digital assets, keeping accurate records is essential. Tracking purchase dates, cost basis, sale prices, and transaction history can make tax season much smoother and help ensure your return is accurate.

Waiting until it's time to file can make gathering this information much more difficult, especially if you've had multiple transactions throughout the year.

If you own digital assets, now is a great time to make sure your records are organized and up to date.

Have questions about how digital assets may affect your taxes? Our team is here to help: https://bit.ly/Karpos_Associates

Can you deduct expenses for a hobby?The answer: Usually, no.While you must report income you earn from a hobby, the IRS ...
07/14/2026

Can you deduct expenses for a hobby?
The answer: Usually, no.

While you must report income you earn from a hobby, the IRS generally does not allow you to deduct hobby-related expenses. If your activity qualifies as a business, however, you may be able to deduct ordinary and necessary business expenses and even claim losses, subject to IRS rules.

The key difference comes down to whether you're operating with a genuine profit motive. Factors like how you keep records, the time you invest, and your intent to earn a profit all play a role.

Learn more or contact us today: https://bit.ly/Karpos_Associates

07/09/2026

Are you using the right method to deduct your business vehicle expenses?

When it comes to business vehicles, there are generally two ways to calculate your deduction: the standard mileage rate or the actual expense method. The right choice depends on how you use your vehicle and your overall business situation.

Choosing the most beneficial option can make a meaningful difference in your tax savings, but keeping accurate mileage logs and expense records is essential either way.

Not sure which method is right for you? Our team is here to help you make the most of your deductions while staying compliant: https://bit.ly/Karpos_Associates

Now is the perfect time to review your revenue, expenses, cash flow, and tax projections. Small adjustments made today c...
07/07/2026

Now is the perfect time to review your revenue, expenses, cash flow, and tax projections. Small adjustments made today can make a big difference by year end.

The most successful business owners don't wait until tax season to evaluate their finances. They check in regularly and make informed decisions throughout the year.

If you haven't looked at your numbers lately, consider this your reminder. Your future self will thank you.

Need help creating a plan for the rest of the year? Our team is here to help: https://bit.ly/Karpos_Associates

Happy 4th of July! 🎆Wishing you a wonderful day filled with family, friends, laughter, and celebration. We hope you enjo...
07/04/2026

Happy 4th of July! 🎆

Wishing you a wonderful day filled with family, friends, laughter, and celebration. We hope you enjoy the holiday and take time to appreciate the freedoms and opportunities that bring us together.

Have a safe and happy Independence Day!

07/02/2026

Summer is a great time to step back and check in on your books.

Are your expenses categorized correctly? Is your cash flow where you expected it to be? Have you reviewed your estimated tax payments lately?

A quick bookkeeping review now can help you avoid surprises later and make the rest of the year much smoother.

Don't wait until year end to see where your business stands. Reach out to our team if you need help getting your books back on track: https://bit.ly/Karpos_Associates

We are halfway through the year. Do you know what your business is on track to owe in taxes?Mid year is one of the best ...
06/30/2026

We are halfway through the year. Do you know what your business is on track to owe in taxes?

Mid year is one of the best times to review your income, expenses, cash flow, and tax projections. Waiting until year end can limit your options, while planning now may help you identify opportunities to reduce surprises and make more informed decisions.

The most effective tax strategies are often implemented before December, not after.

Want to understand where your business stands before year end? Our team is here to help: https://bit.ly/Karpos_Associates

Are your retirement contributions working toward your long term goals?Whether you contribute to a Roth account, a Tradit...
06/26/2026

Are your retirement contributions working toward your long term goals?

Whether you contribute to a Roth account, a Traditional account, or a combination of both, each option comes with different tax advantages. Traditional contributions may provide a tax benefit today, while Roth contributions can offer tax free withdrawals in retirement if certain requirements are met.

Mid year is a great time to review your contributions and make sure your retirement strategy still aligns with your financial goals.

Not sure which approach makes the most sense for your situation? Our team is here to help: https://bit.ly/Karpos_Associates

The business structure you chose when you started may not be the best fit for where your business is today.As revenue gr...
06/22/2026

The business structure you chose when you started may not be the best fit for where your business is today.

As revenue grows, operations change, and goals evolve, your entity structure can impact everything from taxes and liability protection to future growth opportunities.

Mid year is a great time to ask: Is my current structure still working in my favor?

A quick review now could help you avoid surprises and identify opportunities before year end.

Want a second opinion on your business structure? Reach out to our team today: https://bit.ly/Karpos_Associates

Happy Father's Day to all the dads, grandfathers, and father figures from Karpos & Associates!Wishing you a day filled w...
06/21/2026

Happy Father's Day to all the dads, grandfathers, and father figures from Karpos & Associates!

Wishing you a day filled with appreciation, pride, and time with the people who matter most.

Address

270 North Avenue, Suite 812
New Rochelle, NY
10801

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

(914) 831-9277

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