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Monday 7am - 11:30pm Tuesday 7am - 11:30pm Wednesday 7am - 11:30pm Thursday 7am - 11:30pm Friday 7am - 11:30pm Saturday 7am - 11:30pm Sunday 7am - 11:30pm

The Firm of Sheldon L Richards, CPA

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The Firm of Sheldon L Richards, CPA

Expert CPA Services in New York, NY Trusted Tax, Accounting, and Financial Planning in New York, NY

08/13/2026

Tax time punishes bookkeeping mistakes—missed transactions, misclassified expenses, and sloppy categorization can turn into avoidable deductions lost or audit risk gained. In How to Fix Bookkeeping Errors Before Tax Time, we break down a practical checklist to identify common issues early, correct them cleanly, and keep your financial records audit-ready. If you want tax filings that reflect real activity and protect your position, this is the groundwork that makes everything else go right.

https://rcpasolutions.com

08/11/2026

Tax time shouldn’t be the moment you discover planning gaps. A year-round tax planning CPA helps you reduce surprises, coordinate strategy across income, deductions, and business activity, and adjust as your life and entities change—so you’re not reacting after the fact. For clients facing higher complexity or real audit exposure, proactive guidance also means better documentation, cleaner compliance, and more control over outcomes. If you want a smarter, protective approach to taxes—not just a filing—this piece explains why the difference matters.

https://rcpasolutions.com

08/09/2026

Cash basis and accrual accounting can change more than your bookkeeping—it can affect timing of income, deductions, cash flow decisions, and how your tax picture holds up under scrutiny. In “Cash Basis Versus Accrual Accounting Explained,” we break down the practical differences in plain English and show when each method makes sense for your business or professional practice. If you’re making decisions that could impact audit risk or future planning, you need clarity before numbers get locked in.

https://rcpasolutions.com

08/07/2026

If you’re a doctor, the “standard deductions” approach can leave real money on the table—especially when you’re juggling W-2 income, 1099 work, side practices, or ownership interests. This year’s best tax deductions highlight the categories that typically matter most for physicians, along with planning considerations that help you stay audit-ready while reducing taxable income. Our take is simple: smart deductions are more than paperwork—they’re a strategy you can defend. Grab the guidance and apply it with confidence.

https://rcpasolutions.com

08/05/2026

Small business payroll taxes can quietly turn into a cash-flow and compliance problem—especially when deadlines, classifications, and reporting rules don’t match what you’re doing in the real world. In this guide, we break down what employers must handle, how to stay organized through the year, and where mistakes tend to trigger penalties or audit exposure. If you’re running a growing business (or juggling multiple income streams), having a clear, proactive payroll tax plan is one of the best ways to protect your bottom line.

https://rcpasolutions.com

08/03/2026

If you owe the IRS, the decision between an installment agreement and an offer option can make or break your outcome—especially when penalties, cash flow, and enforcement risk are in play. In our latest post, we break down how each option works, what the IRS typically looks for, and how to evaluate the strategy behind the numbers rather than just the payment amount. For NYC businesses and professionals, getting this wrong can cost you time, leverage, and negotiating power. Our goal is to help you choose the approach that protects your interests and gives you a clear path forward.

https://rcpasolutions.com

08/01/2026

Business expenses can make or break your tax position—especially when an audit or tax inquiry turns “informal” records into a problem. In our latest guide, we walk through how to document expenses properly so your books, receipts, and supporting details stand up to scrutiny while keeping you organized for real decision-making. If you’re managing a busy practice, multiple income streams, or growing operations, this is the compliance groundwork that protects your bottom line and gives you control.

https://rcpasolutions.com

07/30/2026

Tax liens don’t just sit in the background—they can cloud title, restrict transactions, and create real friction for your business operations and cash flow. In “How Tax Liens Affect Your Assets and Business,” we break down what liens can touch, how they typically impact banking and funding, and what this means for multi-entity owners and complex income situations. If you’re managing investments, professional practice income, or a growing company, understanding the risk early is the difference between reacting under pressure and protecting value with a clear strategy. This is the kind of tax resolution insight that helps you keep control.

https://rcpasolutions.com

07/28/2026

If you’re facing an IRS balance, the right payment plan can mean stability instead of constant pressure. This guide breaks down the IRS payment plan options in clear, practical terms—what they require, how they affect your compliance posture, and how to avoid common missteps that can create bigger problems down the road. For individuals and businesses in NYC and nationwide, it’s the kind of strategic clarity you need when cash flow is tight and stakes are high. Take control with a plan built for your situation, not a one-size-fits-all approach.

https://rcpasolutions.com

07/26/2026

Growth doesn’t have to come with chaos—especially when taxes, cash flow, and compliance start multiplying with every new customer, hire, or entity. A small business CPA in NYC helps you protect your position by building a clean strategy around reporting, deductions, and ongoing oversight, so you’re not guessing when decisions get high-stakes. With a proactive advisor who understands audit risk and tax resolution realities, you gain control over the numbers and clarity for scaling. That’s the difference between filing and building—starting with the financial foundation that can carry your next stage of growth.

https://rcpasolutions.com

Address

353 Lexington Avenue
New York, NY
10016

Opening Hours

Monday	7am - 11:30pm
Tuesday	7am - 11:30pm
Wednesday	7am - 11:30pm
Thursday	7am - 11:30pm
Friday	7am - 11:30pm
Saturday	7am - 11:30pm
Sunday	7am - 11:30pm

Website

https://rcpasolutions.com/

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