Candela & Associates, LLC

04/24/2026

04/22/2026

01/23/2024

Here's a story from this week of how we helped a business owner save $22K in unnecessary taxes.

This business owner came to us with a QuickBooks Online file that was OK - but not great.

We cleaned it up and found over 10K in deductions that were missed/categorized incorrectly.

Then, we reviewed his entity election with him and advised him that we could elect S-Corp status to save him thousands more on self-employment taxes.

This year, we'll be doing even more tax-planning to save EVEN MORE.

DM me if your accountant is doing the bare minimum and you're looking for more help.

08/02/2022

Windfalls can come in many forms: selling a business or real estate, receiving an inheritance, settling an insurance suit, obtaining a large bonus, or receiving a pension in a lump sum. Here are some financial implications to receiving a windfall: Reassess: The first step is to reassess your current...

07/20/2022

If you have a business in New York State, you should expect a bill from the New York Department of Labor. According to Paychex, the New York Department of Labor (DOL) paid more than $110 billion in unemployment and pandemic unemployment benefits between March 2020 and September 2021 as a result of C...

05/11/2022

New York’s fiscal year 2023 budget bill that was enacted into law significantly expands the benefits of the state’s Pass-through entity tax (“PTET”) for many businesses. Some of the major PTET highlights include amplifying the benefits for resident S corporation shareholders, as well as esta...

01/26/2022

The AICPA and a coalition of organizations representing tax practitioners reiterated their call for taxpayer relief from penalties and other compliance actions, given ongoing Internal Revenue Service problems.

12/11/2021

The 4 biggest Social Security-related worries keeping Americans up at night as we head toward 2022 are explored in this slide show.

11/30/2021

While beneficiaries aren't required to take action, as their 2021 plan generally would renew for next year, experts say that could be a mistake.