Partner Post
02/08/17 12:00pm
The Singing CPA is proof that tax time does not have to be unpleasant. Photo courtesy Steven Zelin.

The Singing CPA is proof that tax time does not have to be unpleasant. Photo courtesy Steven Zelin.

Unlike many of the president’s about-face policy changes and cabinet picks, his proposed tax overhauls will take much longer to push through. Changes to the tax code that Trump advocates, like making it onerous or impossible to deduct your charitable contributions (to, say, Planned Parenthood and the ACLU Foundation), are not likely to happen until after 2017, if at all.

This is the prognosis from our trusted accountant, Steven Zelin, who has prepared our business and our personal returns for nearly 10 years. In that time we’ve seen his firm expand as he’s added a mix of salaried employees, freelancers, and small business owners to his base of happy clients. (If you are in this last category, you might consider holding off on a big purchase of equipment or signing a lease for your business, as Trump’s proposal to make the depreciation expense even more of a deduction will likely take effect as early as this fall or 2018—another tip from Steven.)

But we digress. The point is, if you would like to work with an accountant who is aware of the changes in place and the changes to come, and always looks out for your best interests, work with Steven and his competent staff.

Not only does he have experience working at major banks and accounting firms, Steven has some serious media cred, having appeared on ABC’s Nightline, in The Wall Street Journal, The New York Times and National Public Radio. (He’s also known as the Singing CPA, and his musical holiday greeting, “It’s the most deductible time of the year,” never gets old.)

Check out his services online, and schedule a meeting.

04/12/16 9:13am
When it comes to preparing an Offer-in-Compromise package, Steven Zelin is a like a Jedi Master.

When it comes to preparing an Offer in Compromise package, Steven Zelin is a like a Jedi Master.

April 18 is around the corner, and by now you probably know if you can afford your tax bill. For those with years of unpaid taxes, though, it may seem impossible to come up with the total you owe. But if you’re eligible for the Offer in Compromise program, you may not have to pay the full amount.

Before you get excited at the prospect of trimming down your debt, you should first figure out if you qualify. There really isn’t a base amount of unpaid tax bills you need before you can consider either the federal program or the New York State equivalent. But once you have an understanding of the process, you may only want to apply if it’s a significant amount—say upwards of $10,000. Your age, assets, income and expenses will all be taken into consideration, and you need to be current in your tax filings, too. For the best chance at striking a deal with Uncle Sam, though, you’ll need a good CPA to help you usher your application through—like Steven Zelin.

“The Offer in Compromise program can be very complicated for independent taxpayers to understand,” says Zelin. “It helps to work with an experienced professional to present your situation as completely and accurately as possible and to make sure the best picture is presented for you.” It will also speed up your application time. “If they submit an incomplete package, the IRS may ask for additional documents, which will drag out the process.” (more…)

Partner Post
04/05/16 9:00am

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If you’re self-employed, your first estimated tax payment of the year is due April 18. Maybe you’ve brushed this small detail of your work life aside, in hopes that you can just settle up once a year, but you run the risk of a penalty if you avoid sending Uncle Sam quarterly payments. If you’re not sure where to start, accountant Steven Zelin, whose clients include over 200 creatives and professionals like yourself, suggests starting with the amount of money you made last year to help calculate your total tax owed every three months. He can help you prepare your payments for this year and last—just get in touch.

01/28/16 7:06am
Get started on your taxes now instead of waiting till April 18. Steven Zelin and Marie Kondo would approve. Photo: Let Me Organize It

Get started on your taxes now instead of waiting till April 18. Steven Zelin and Marie Kondo would approve. Photo: Let Me Organize It

Want some good news about your taxes? Emancipation Day falls on Friday, April 15 in D.C. this year, which pushes the filing deadline to April 18. That gives us all an extra weekend to prepare. You should still try to get your taxes out of the way now, though, if you want to KonMari your financial closet.

“It’s a really good time to think about your financial goals for the year,” says Steven Zelin, our accountant for the past eight years and a savior to many other creatives and professionals. “And also to think about the financial goals you set for the previous year, to see how you did, and what you could do differently.”

Doing your taxes now, in other words, will force you to take a fresh look at your spending and saving habits, and help you streamline them going forward. Here are a few suggestions from Zelin to make tax time easier, and pave the way toward healthy finances in the new year: (more…)

01/30/14 2:17pm

Steve Zelin, aka "The Singing C.P.A." is a maestro wtih tax codes and on the guitar. Photo: Daniel Neuburger

Steve Zelin, aka “The Singing C.P.A.” is a maestro wtih tax codes and on the guitar. Photo: Daniel Neuburger


It’s tax season, and as all of us scramble to get our financial houses in order, there are over 300 lucky New Yorkers out there who will be handing this job over to an accountant who makes tax time–dare we say it?—a little fun. His name is Steven Zelin, and we’ve been one of his happy clients since 2009.

What’s so great about Steve? For starters, he sings. About taxes, naturally. During the holidays we got a card from his office that, upon opening, greeted us with the sound of Zelin’s voice singing, “It’s the most deductible time of the year,” to the tune of the similarly named Christmas carol. (He’s not called “The Singing CPA” for nothing.) (more…)

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