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 the 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.

𝗜𝗳 𝗜 𝗽𝗿𝗼𝗺𝗶𝘀𝗲 𝗺𝘆 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝗮 $𝟱𝟬𝟬 𝗵𝗼𝗹𝗶𝗱𝗮𝘆 𝗯𝗼𝗻𝘂𝘀, 𝗵𝗼𝘄 𝗰𝗮𝗻 𝗜 𝗺𝗮𝗸𝗲 𝘀𝘂𝗿𝗲 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 $𝟱𝟬𝟬 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗿𝗲𝗮𝗰𝗵𝗲𝘀 𝘁𝗵𝗲𝗶𝗿 𝗯𝗮𝗻𝗸 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀?Y...
11/04/2026

𝗜𝗳 𝗜 𝗽𝗿𝗼𝗺𝗶𝘀𝗲 𝗺𝘆 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝗮 $𝟱𝟬𝟬 𝗵𝗼𝗹𝗶𝗱𝗮𝘆 𝗯𝗼𝗻𝘂𝘀, 𝗵𝗼𝘄 𝗰𝗮𝗻 𝗜 𝗺𝗮𝗸𝗲 𝘀𝘂𝗿𝗲 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 $𝟱𝟬𝟬 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗿𝗲𝗮𝗰𝗵𝗲𝘀 𝘁𝗵𝗲𝗶𝗿 𝗯𝗮𝗻𝗸 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝘀?

You can make sure your employees take home the full $500 by running a grossed-up bonus through payroll.

If you run a standard $500 bonus, your employees will receive less than that after payroll withholdings.

With a grossed-up bonus, you increase the total payment to cover those withholdings so your employee still takes home $500.

But that also means your business will spend more than $500 per employee.

Before promising a specific take-home amount, calculate the full cost of the bonus, including the required withholdings. Then you can budget for what you'll actually spend.

11/03/2026

𝗪𝗵𝗮𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗼𝗻𝗰𝗲𝗿𝗻𝘀 𝗮𝗿𝗲 𝘆𝗼𝘂 𝗵𝗲𝗮𝗿𝗶𝗻𝗴 𝗽𝗲𝗼𝗽𝗹𝗲 𝘁𝗮𝗹𝗸 𝗮𝗯𝗼𝘂𝘁 𝗺𝗼𝘀𝘁 𝗮𝘀 𝘄𝗲 𝗵𝗲𝗮𝗱 𝗶𝗻𝘁𝗼 𝟮𝟬𝟮𝟳? 𝗔𝗻𝘆𝘁𝗵𝗶𝗻𝗴 𝘆𝗼𝘂'𝗱 𝗮𝗱𝗱 𝘁𝗼 𝘁𝗵𝗶𝘀 𝗹𝗶𝘀𝘁?

A) Keeping up with rising everyday expenses
B) Job security and steady income
C) Building up emergency savings
D) Paying down debt and catching up on bills
E) Saving enough for retirement

𝗪𝗵𝘆 𝗱𝗼𝗲𝘀𝗻'𝘁 𝗲𝘃𝗲𝗿𝘆 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗜 𝗺𝗮𝗸𝗲 𝘁𝗼 𝗮 𝘃𝗲𝗻𝗱𝗼𝗿 𝘀𝗵𝗼𝘄 𝘂𝗽 𝗮𝘀 𝗮𝗻 𝗲𝘅𝗽𝗲𝗻𝘀𝗲 𝗶𝗻 𝗺𝘆 𝗯𝗼𝗼𝗸𝘀?Some payments you receive are considered ...
11/02/2026

𝗪𝗵𝘆 𝗱𝗼𝗲𝘀𝗻'𝘁 𝗲𝘃𝗲𝗿𝘆 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗜 𝗺𝗮𝗸𝗲 𝘁𝗼 𝗮 𝘃𝗲𝗻𝗱𝗼𝗿 𝘀𝗵𝗼𝘄 𝘂𝗽 𝗮𝘀 𝗮𝗻 𝗲𝘅𝗽𝗲𝗻𝘀𝗲 𝗶𝗻 𝗺𝘆 𝗯𝗼𝗼𝗸𝘀?

Some payments you receive are considered assets until the money is applied to a purchase or service.

Examples:
• A refundable security deposit isn't the same as paying rent.
• Money sitting in an attorney's trust account hasn't been applied to a bill yet.
• An advance payment for inventory is different from the cost of products you've already sold.

Every payment that leaves your bank account is not necessarily an expense. And if you treat them that way, you could be getting an inaccurate picture of what your business spent.

If you want an experienced eye to review your books, DM us to get an appointment scheduled.

10/30/2026

𝗖𝗮𝗻 𝗽𝗮𝘆𝗶𝗻𝗴 𝗻𝗲𝘅𝘁 𝘆𝗲𝗮𝗿'𝘀 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀 𝗲𝗮𝗿𝗹𝘆 𝘀𝗮𝘃𝗲 𝗺𝗲 𝗺𝗼𝗻𝗲𝘆 𝗼𝗻 𝘁𝗮𝘅𝗲𝘀?

If your business uses cash-basis accounting, paying expenses before December 31 could allow you to deduct them on this year's tax return instead of next year's, lowering your taxable income for the current year.

But 𝘁𝗵𝗲 𝘁𝘆𝗽𝗲 𝗼𝗳 𝗲𝘅𝗽𝗲𝗻𝘀𝗲 𝗺𝗮𝘁𝘁𝗲𝗿𝘀.

For example, a one-year business insurance policy or annual software subscription may qualify under the IRS's 12-𝘮𝘰𝘯𝘵𝘩 𝘳𝘶𝘭𝘦, even if the coverage or service doesn't start until next year.

With that in mind, now is a good time to review your recurring business expenses and see which ones renew in the next few months.

You can do this by checking their renewal dates, what period each payment covers, or how much cash you'd have left if you paid early.

And comment 𝗘𝗫𝗣𝗘𝗡𝗦𝗘𝗦 if you need guidance for your specific situation before year-end.

What's scarier than Halloween? Finding out your business has been paying for subscriptions nobody uses…Before October en...
10/29/2026

What's scarier than Halloween? Finding out your business has been paying for subscriptions nobody uses…

Before October ends, pull up your last three months of bank statements and look for recurring charges. Check which services you're actually using and cancel the ones you no longer need to eliminate those extra charges!

𝘞𝘩𝘢𝘵'𝘴 𝘰𝘯𝘦 𝘴𝘶𝘣𝘴𝘤𝘳𝘪𝘱𝘵𝘪𝘰𝘯 𝘺𝘰𝘶'𝘷𝘦 𝘤𝘢𝘶𝘨𝘩𝘵 𝘺𝘰𝘶𝘳𝘴𝘦𝘭𝘧 𝘱𝘢𝘺𝘪𝘯𝘨 𝘧𝘰𝘳 𝘭𝘰𝘯𝘨 𝘢𝘧𝘵𝘦𝘳 𝘺𝘰𝘶 𝘴𝘵𝘰𝘱𝘱𝘦𝘥 𝘶𝘴𝘪𝘯𝘨 𝘪𝘵?

𝗦𝗵𝗼𝘂𝗹𝗱 𝗜 𝗿𝗲𝗰𝗼𝗿𝗱 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗲𝘅𝗽𝗲𝗻𝘀𝗲 𝘄𝗵𝗲𝗻 𝗜 𝗽𝗮𝘆 𝘁𝗵𝗲 𝗯𝗶𝗹𝗹 𝗼𝗿 𝘄𝗵𝗲𝗻 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸 𝗶𝘀 𝗱𝗼𝗻𝗲?Whether you record an expense when you p...
10/28/2026

𝗦𝗵𝗼𝘂𝗹𝗱 𝗜 𝗿𝗲𝗰𝗼𝗿𝗱 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗲𝘅𝗽𝗲𝗻𝘀𝗲 𝘄𝗵𝗲𝗻 𝗜 𝗽𝗮𝘆 𝘁𝗵𝗲 𝗯𝗶𝗹𝗹 𝗼𝗿 𝘄𝗵𝗲𝗻 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸 𝗶𝘀 𝗱𝗼𝗻𝗲?

Whether you record an expense when you pay the bill or when the work is completed depends on whether your business uses cash-basis or accrual accounting. And that timing can change how your financial reports look.

With 𝗰𝗮𝘀𝗵-𝗯𝗮𝘀𝗶𝘀 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴, you record income when money comes in and expenses when money goes out.

With 𝗮𝗰𝗰𝗿𝘂𝗮𝗹 𝗮𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴, you record expenses when they're incurred, even if you pay the bill at a different time.

For example, if you pay a contractor in advance for work they'll complete next year, that payment may appear differently in your books depending on which method you use.

When those costs are being recorded matters. Otherwise, you might have trouble figuring out why one month looks more expensive than another.

𝘞𝘩𝘪𝘤𝘩 𝘢𝘤𝘤𝘰𝘶𝘯𝘵𝘪𝘯𝘨 𝘮𝘦𝘵𝘩𝘰𝘥 𝘥𝘰 𝘺𝘰𝘶 𝘱𝘳𝘦𝘧𝘦𝘳 𝘪𝘯 𝘺𝘰𝘶𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴?

𝗜𝘀 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗿𝗲𝗹𝘆𝗶𝗻𝗴 𝘁𝗼𝗼 𝗵𝗲𝗮𝘃𝗶𝗹𝘆 𝗼𝗻 𝗼𝗻𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗳𝗼𝗿 𝗿𝗲𝘃𝗲𝗻𝘂𝗲?Your business may be relying too heavily on one customer ...
10/26/2026

𝗜𝘀 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗿𝗲𝗹𝘆𝗶𝗻𝗴 𝘁𝗼𝗼 𝗵𝗲𝗮𝘃𝗶𝗹𝘆 𝗼𝗻 𝗼𝗻𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗳𝗼𝗿 𝗿𝗲𝘃𝗲𝗻𝘂𝗲?

Your business may be relying too heavily on one customer if they account for 𝟭𝟱% 𝘁𝗼 𝟮𝟬% or more of your total revenue.

Think about what happens if that customer suddenly stops paying or cancels their contract.

You still have employees to pay and regular operating expenses to cover. But now a significant portion of the money you're counting on isn't coming in.

That's why your cash reserve should reflect how dependent you are on your largest customers. If one customer accounts for a substantial share of your revenue, consider building a reserve closer to 𝙨𝙞𝙭 𝙢𝙤𝙣𝙩𝙝𝙨 𝙤𝙛 𝙚𝙨𝙨𝙚𝙣𝙩𝙞𝙖𝙡 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙣𝙜 𝙚𝙭𝙥𝙚𝙣𝙨𝙚𝙨 rather than three.

And your bookkeeping reports should give you a clear picture of that dependency. Run a sales-by-customer report for the last 12 months, then divide your largest customer's revenue by your total revenue to see what percentage they represent.

You can also review their outstanding invoices to see how much of your expected cash is tied to that one customer.

𝘏𝘢𝘷𝘦 𝘺𝘰𝘶 𝘦𝘷𝘦𝘳 𝘤𝘩𝘦𝘤𝘬𝘦𝘥 𝘸𝘩𝘢𝘵 𝘱𝘦𝘳𝘤𝘦𝘯𝘵𝘢𝘨𝘦 𝘰𝘧 𝘺𝘰𝘶𝘳 𝘵𝘰𝘵𝘢𝘭 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 𝘤𝘰𝘮𝘦𝘴 𝘧𝘳𝘰𝘮 𝘺𝘰𝘶𝘳 𝘴𝘪𝘯𝘨𝘭𝘦 𝘭𝘢𝘳𝘨𝘦𝘴𝘵 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳?

10/22/2026

𝗪𝗵𝘆 𝗱𝗼𝗲𝘀 𝗺𝘆 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗵𝗮𝘃𝗲 𝘀𝘁𝗿𝗼𝗻𝗴 𝘀𝗮𝗹𝗲𝘀 𝗯𝘂𝘁 𝘀𝘁𝗶𝗹𝗹 𝘀𝘁𝗿𝘂𝗴𝗴𝗹𝗲 𝘁𝗼 𝗰𝗼𝘃𝗲𝗿 𝗶𝘁𝘀 𝗯𝗶𝗹𝗹𝘀?

Your business can have strong sales and still struggle to cover its bills if you're spending money long before you actually collect payments from your customers.

Let's say you pay your suppliers for materials 60 days before you finish a job and receive payment.

During those 60 days, your money is tied up. But payroll, rent, and other expenses still have to be paid.

That's where your cash conversion cycle comes in because it measures how long it takes your business to turn money spent on inventory or supplies back into cash.

To figure it out, we look at:
1. How long inventory sits before it's sold
2. How long customers take to pay
3. How long you take to pay your suppliers

The longer that gap, the more working capital your business needs to keep operating.

𝘞𝘩𝘦𝘯 𝘺𝘰𝘶 𝘭𝘰𝘰𝘬 𝘢𝘵 𝘺𝘰𝘶𝘳 𝘰𝘸𝘯 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴, 𝘸𝘩𝘦𝘳𝘦 𝘥𝘰𝘦𝘴 𝘤𝘢𝘴𝘩 𝘵𝘦𝘯𝘥 𝘵𝘰 𝘨𝘦𝘵 𝘩𝘦𝘭𝘥 𝘶𝘱 𝘵𝘩𝘦 𝘭𝘰𝘯𝘨𝘦𝘴𝘵?

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

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