We offer a broad range of services to individuals, families, and business owners that will help you secure a sound financial future. Call us today for a free initial consultation.
Owner and Founder Gregg Jaffe is an income tax professional with over 25 years of experience specializing in individual, business, and non-profit tax planning, preparation, and business strategies.
We offer year-round tax planning and tax prep services. Tax planning is an ongoing activity. If you plan properly, there will be no surprises when it comes time to prepare and file your taxes.
Gregg is an excellent accountant. He works very closely with you to ensure everything is considered. Gregg always returns calls and emails promptly, and you are not kept waiting. Gregg offers a very professional and personal service that you will not find with franchise accounting services or the software accounting that is available. I would highly and strongly recommend Gregg to those in search of an accountant.
The IRS has more options for taxpayers who respond than for taxpayers it has to chase. Nearly all of them require you to make the first move. File the return even if you cannot pay. The failure-to-file penalty is generally 5% per month, while the failure-to-pay penalty usually begins at 0.5%. When both apply in the same month, the combined rate is generally 5%. Filing on time and owing money is a far smaller problem than not filing at all. Waiting costs more than the initial
If you have sold anything on eBay, collected payments through Venmo, or used PayPal for freelance work, you may have heard that the IRS was about to start requiring platforms to send you a tax form for transactions over $600. Congress repealed that rule in July 2025, and the reporting threshold is back to where it was before 2021. What has not changed is the underlying tax obligation. Whether or not you receive a Form 1099-K, income you earn through these platforms is general
Long Island home prices have risen sharply over the past decade. Nassau County median sale prices are running roughly $852,000 as of spring 2026. Suffolk is around $715,000. For homeowners who bought fifteen or twenty years ago, the gap between what they paid and what they can sell for has grown into a number that carries real tax consequences. Most homeowners know there is a federal tax break on profits from the sale of a primary residence. Fewer people know exactly how it w
