Funding Your LLC or Partnership
When setting up a new LLC or partnership, a common question is how to fund the new entity. Should it be funded with a personal loan, or should you invest money into the entity in the form of equity? This might seem like a simple question to answer, but going
Life Events & Tax Planning – Part II:  Having a Baby
It’s no surprise that having a baby has a profound effect on your life. While most soon-to-be parents understand the many ways a baby will change their lives forever, the tax-specific changes connected with this major life event are not always as clear. Income tax preparation becomes slightly more complicated
NEW YORK, NY – February 7, 2017. Farkouh, Furman & Faccio LLP (“FF&F”), a leading boutique accounting and advisory firm, is pleased to announce the promotion of Eric Swerdlow and Marisa Pershad to Partner status. Mr. Swerdlow joined FF&F as an intern in 2005. His focus is corporate and partnership
Life Events & Tax Planning – Part I:  Getting Married
Tax implications are often the last thing we think of when we hit a major (or minor) life milestone. Whether you’re getting married, having a baby, changing jobs or moving, each situation brings with it a number of tax consequences that impact the way you will file your taxes. This
How To:  Setting Up a Business – Part II – Entity Selection
Whether you’re dealing with a start-up or an existing business, the choice of entity type is an important consideration. It determines the liability exposure of the company’s owners and the taxability of the company under federal and state laws, as well as the ability to raise funds and the continuity
How To: Setting Up a New Business
You have an idea, and you’re ready to turn that idea into a source of income by starting a business. Now what? One of the first steps when setting up a business is choosing the type of business entity, which is an important decision from both a tax and a