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Pierre-Louis & Associates CPA, P.C.

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Pierre-Louis & Associates CPA, P.C.

No high-pressure sales sharks. No annoying tax professional lingo. Just straight, authoritative and friendly advice.

Visit us: www.cpa-li.com
Or give us a call: (516) 442-4579 At Pierre-Louis & Associates, PC, a New York CPA firm, we provide a wide range of accounting, tax, and financial management services tailored to meet the needs of our business clients. Our certified public accounting (CPA) services are designed to make your job easier and provide you with more time to focus on building your business in th

e Long Island, NY area. We keep abreast of tax law changes throughout the year to ensure that you are taking advantage of ALL tax incentives. To better meet the needs of our accounting and tax clients throughout the Long Island area, we also have individualized services for clients in industries like Brokerage Accounting, Software Accounting, Non-Profit Accounting, professional services and other service businesses. These individualized services enable us to address your industry-specific challenges and compliance needs using industry-standard tax practices.

09/10/2026

𝗛𝗼𝘄 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗲 𝘁𝗵𝗲 𝘂𝘀𝗲 𝗼𝗳 𝗔𝗜 𝗮𝗺𝗼𝗻𝗴 𝗺𝘆 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀?

If your employees are using AI to do company tasks, then you want to consider these things when regulating its use:
• Which AI tools you are okay with them using and for which processes those tools should be used
• How to handle entering sensitive company or client information into AI tools (especially ones that train a model or make information public)
• Verifying AI-generated information before it’s used or shared
• Who will handle AI regulation and questions
• Which types of work still require a human review before anything goes to a client or customer

𝘏𝘢𝘷𝘦 𝘢𝘯𝘺𝘵𝘩𝘪𝘯𝘨 𝘦𝘭𝘴𝘦 𝘵𝘰 𝘢𝘥𝘥 𝘵𝘰 𝘵𝘩𝘪𝘴 𝘭𝘪𝘴𝘵? 𝘊𝘰𝘮𝘮𝘦𝘯𝘵 𝘣𝘦𝘭𝘰𝘸.

09/09/2026

𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗱𝗼 𝗶𝗳 𝗜 𝗽𝗮𝘆 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗲𝘅𝗽𝗲𝗻𝘀𝗲 𝗳𝗿𝗼𝗺 𝗺𝘆 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗮𝗰𝗰𝗼𝘂𝗻𝘁?

If you pay a business expense with your personal credit card, you'll need to create a process for documenting it so that the paperwork is in place to clear that up later.

For each expense, record the exact date, amount of the purchase, and the specific business connection (and the business-use percentage if it was a mixed-use expense). And make sure you get an itemized receipt as physical proof.

Then, when your business reimburses you, record the payment under the appropriate operating expense, such as Utilities, Software, or Auto.

09/09/2026

AI can give you financial advice, but new Stanford research found that the quality of that advice depends on how you ask for it.

And sure, you can ask ChatGPT for business advice, and it will give you an answer, but will it be the right one and will it actually apply to your business? With financial questions in your biz, it's always good to lean on a pro who understands the right questions to ask and can give you a response that's tailored to your specific situation.

That's what we're here for.

https://news.stanford.edu/stories/2026/07/ai-financial-investing-advice-research

09/07/2026

𝗜 𝗳𝗼𝗿𝗺𝗲𝗱 𝗮 𝗻𝗲𝘄 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗲𝗻𝘁𝗶𝘁𝘆. 𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝘂𝗽𝗱𝗮𝘁𝗲 𝗳𝗶𝗿𝘀𝘁?

Keeping your bookkeeping accurate starts with making sure the accounts tied to your business match your new legal name and EIN.

Once you have your new Employer Identification Number:
• Take it to your bank and open dedicated accounts under your new legal business name.
• Update Stripe, PayPal, Square, or other payment processors.
• Change your vendor accounts accordingly.
• Update your business insurance policies and client agreements over to the new company name and EIN.

The goal is for the accounts you use to get paid, pay bills, and do business to match the entity you’re actually operating under.

09/04/2026

𝗪𝗵𝗮𝘁 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗱𝗼 𝗶𝗳 𝗜 𝗮𝗰𝗰𝗶𝗱𝗲𝗻𝘁𝗮𝗹𝗹𝘆 𝗽𝗮𝘆 𝗮 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗯𝗶𝗹𝗹 𝗳𝗿𝗼𝗺 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗮𝗰𝗰𝗼𝘂𝗻𝘁?

Leaving a personal charge in your accounting software as a business expense is a fast way to trigger tax issues and mess up your financial reporting.

Instead of leaving it there, reimburse the business promptly and record what happened.

And if you put personal money into the business, document that too. Depending on the situation, it may need to be recorded as a capital contribution or a formal loan.

09/03/2026

𝗔𝗿𝗲 𝘆𝗼𝘂 𝗮𝗹𝗿𝗲𝗮𝗱𝘆 “𝗺𝗼𝗻𝗲𝘆𝗺𝗮𝘅𝘅𝗶𝗻𝗴” 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝗸𝗻𝗼𝘄𝗶𝗻𝗴 𝗶𝘁?

It’s the social media term for getting more value from your money, like cutting expenses or even putting rewards points to use.

𝘞𝘩𝘢𝘵’𝘴 𝘰𝘯𝘦 𝘸𝘢𝘺 𝘺𝘰𝘶’𝘳𝘦 𝘨𝘦𝘵𝘵𝘪𝘯𝘨 𝘮𝘰𝘳𝘦 𝘧𝘳𝘰𝘮 𝘺𝘰𝘶𝘳 𝘮𝘰𝘯𝘦𝘺 𝘳𝘪𝘨𝘩𝘵 𝘯𝘰𝘸?

09/02/2026

𝗖𝗼𝘂𝗹𝗱 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗽𝘂𝘁 𝗺𝘆 𝗽𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗮𝘀𝘀𝗲𝘁𝘀 𝗮𝘁 𝗿𝗶𝘀𝗸?

If you’re operating as a sole proprietor, there’s no legal separation between you and your business.

So if your business can’t pay a creditor or gets hit with a lawsuit, your personal savings, home, or vehicles could be exposed too.

As your business grows, make sure the way you operate reflects that growth.

That may mean forming an LLC or corporation, then moving your business banking, contracts, insurance policies, vendor accounts, and payment processors into the company’s legal name.

The goal is to create a clearer line between what belongs to you personally and what belongs to the business.

𝘞𝘩𝘪𝘤𝘩 𝘱𝘢𝘳𝘵 𝘰𝘧 𝘴𝘦𝘱𝘢𝘳𝘢𝘵𝘪𝘯𝘨 𝘺𝘰𝘶𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘧𝘳𝘰𝘮 𝘺𝘰𝘶𝘳 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘧𝘪𝘯𝘢𝘯𝘤𝘦𝘴 𝘥𝘰 𝘺𝘰𝘶 𝘩𝘢𝘷𝘦 𝘲𝘶𝘦𝘴𝘵𝘪𝘰𝘯𝘴 𝘢𝘣𝘰𝘶𝘵? 𝘞𝘦 𝘸𝘰𝘶𝘭𝘥 𝘭𝘰𝘷𝘦 𝘵𝘰 𝘢𝘯𝘴𝘸𝘦𝘳 𝘵𝘩𝘦𝘮 𝘪𝘯 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘦𝘯𝘵𝘴.

08/31/2026

𝗛𝗼𝘄 𝗰𝗮𝗻 𝗜 𝘀𝗽𝗼𝘁 𝗰𝗮𝘀𝗵 𝘀𝗵𝗼𝗿𝘁𝗳𝗮𝗹𝗹𝘀 𝗶𝗻 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗯𝗲𝗳𝗼𝗿𝗲 𝘁𝗵𝗲𝘆 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗵𝗮𝗽𝗽𝗲𝗻?
1. Map your annual lump-sum expenses alongside your regular monthly overhead.
2. Highlight your historical low-revenue months, so you know exactly when sales won't cover baseline costs.
3. Multiply your average monthly expenses by three to establish your ideal cash reserve buffer.

During peak months, sweep 5% to 10% of revenue into a separate reserve account to cover those lean periods without relying on high-interest credit lines.

𝘏𝘰𝘸 𝘧𝘢𝘳 𝘪𝘯 𝘢𝘥𝘷𝘢𝘯𝘤𝘦 𝘥𝘰 𝘺𝘰𝘶 𝘤𝘶𝘳𝘳𝘦𝘯𝘵𝘭𝘺 𝘱𝘳𝘰𝘫𝘦𝘤𝘵 𝘺𝘰𝘶𝘳 𝘤𝘢𝘴𝘩 𝘧𝘭𝘰𝘸?

08/28/2026

𝗔𝗺 𝗜 𝗮𝗰𝗰𝗶𝗱𝗲𝗻𝘁𝗮𝗹𝗹𝘆 𝘀𝗵𝗮𝗿𝗶𝗻𝗴 𝘀𝗲𝗻𝘀𝗶𝘁𝗶𝘃𝗲 𝗱𝗮𝘁𝗮 𝗲𝘃𝗲𝗿𝘆 𝘁𝗶𝗺𝗲 𝗜 𝘁𝘆𝗽𝗲 𝗮 𝗽𝗿𝗼𝗺𝗽𝘁 𝗶𝗻𝘁𝗼 𝗔𝗜?

You could be. Time to fix that.

(We already make sure all privacy settings are enabled for any AI tools we use here.)

https://www.zdnet.com/article/how-to-keep-ai-conversations-private-chatgpt-gemini-copilot-claude/

08/27/2026

𝗪𝗵𝗶𝗰𝗵 𝗻𝘂𝗺𝗯𝗲𝗿𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗜 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝘁𝗿𝗮𝗰𝗸 𝘁𝗼 𝘀𝗲𝗲 𝗶𝗳 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗶𝘀 𝗵𝗲𝗮𝗹𝘁𝗵𝘆?

Instead of getting lost in long rows of financial data, focus on these three core metrics:

1. Gross profit margin: Reveals your core pricing power and production efficiency.
2. Days Sales Outstanding (DSO): Measures the exact number of days it takes to collect cash after an invoice goes out.
3. Quick ratio: Measures whether your business can cover immediate short-term debts without relying on new sales or clearing inventory.

Aim for a Quick ratio above 1.0 and keep your DSO under 30 days. Reviewing these metrics on the first of every month flags cash bottlenecks weeks before they hit your checking account.

𝘞𝘩𝘪𝘤𝘩 𝘰𝘧 𝘵𝘩𝘦𝘴𝘦 𝘮𝘦𝘵𝘳𝘪𝘤𝘴 𝘥𝘰 𝘺𝘰𝘶 𝘵𝘳𝘢𝘤𝘬 𝘮𝘰𝘴𝘵 𝘤𝘭𝘰𝘴𝘦𝘭𝘺 𝘳𝘪𝘨𝘩𝘵 𝘯𝘰𝘸?
𝘈) 𝘎𝘳𝘰𝘴𝘴 𝘱𝘳𝘰𝘧𝘪𝘵 𝘮𝘢𝘳𝘨𝘪𝘯
𝘉) 𝘋𝘢𝘺𝘴 𝘚𝘢𝘭𝘦𝘴 𝘖𝘶𝘵𝘴𝘵𝘢𝘯𝘥𝘪𝘯𝘨 (𝘋𝘚𝘖)
𝘊) 𝘘𝘶𝘪𝘤𝘬 𝘳𝘢𝘵𝘪𝘰
𝘋) 𝘕𝘰𝘯𝘦 𝘺𝘦𝘵, 𝘣𝘶𝘵 𝘐 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘴𝘵𝘢𝘳𝘵

Address

1900 Grand Avenue , Suite 105
Baldwin, NY
11510

Opening Hours

Monday	9am - 7pm
Tuesday	9am - 7pm
Wednesday	9am - 7pm
Thursday	9am - 7pm
Friday	9am - 7pm

Telephone

(516) 442-4579

Website

http://www.cpa-li.com/

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09/10/2026

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