Tax Tips, Business Insights & Expert Guides for the Southern Tier, NY

Welcome to the Burkin’s Tax & Accounting Blog — your trusted source for tax-saving strategies, small business guidance, payroll & bookkeeping insights, and year-round financial tips.
Our goal is to simplify complex tax topics and provide practical, easy-to-understand advice for individuals and businesses across the Southern Tier, NY, including Vestal, Binghamton, Johnson City, Endicott, Endwell, and surrounding areas.

Whether you're filing taxes, starting a new business, managing payroll, or improving your bookkeeping systems, our expert articles help you stay compliant, plan smarter, and make confident financial decisions.

How to Use a Mileage and Expense Log to Maximize Your Tax Deductions

Nov 19

Social Security & Medicare: 2025 Updates

Nov 11

Employee or Independent Contractor - All business owners need to know

Nov 4

Early Retirement Distributions: How SEPP Can Help You Access Your Retirement Funds Without Penalty

Oct 30

Essentials of W-2 and 1099 Preparation

When tax season rolls around, the pressure to get everything right can feel overwhelming. We all want to avoid costly mistakes and ensure our financial records are accurate. That’s why understanding the essentials of W-2 and 1099 preparation is so important. These forms are the backbone of payroll reporting, and mastering their preparation is key to staying compliant and stress-free. Let’s walk through what you need to know, step by step, so you can confidently handle your pa

Oct 27

Should You Put Your Rental Property in an LLC?

Oct 24

Business Use of Home Deduction — For Small Business Owners

Oct 22

How Business Owners Can Take Money Out of Their Business (Without Tax Trouble)

Oct 21

Business Entity Comparison (2025): Sole Prop vs. LLC vs. S‑Corp vs. C‑Corp — What’s Best for You?

Choosing the right business entity affects your taxes, liability, payroll, benefits, and even how much admin work you do each year. Here’s a concise 2025 guide comparing the most common choices — built from our in‑office reference chart and day‑to‑day tax work with clients. Updated: 2025-10-13 At a glance : Sole proprietorships and single‑member LLCs are simple but expose owners to self‑employment tax. S‑corps can reduce SE tax with reasonable salary + distributions. C‑corps

Oct 13

Non-Resident Alien Tax Filing Simplified

Filing taxes as a non-resident alien can feel like navigating a maze without a map. We get it - the rules seem complex, the forms confusing, and the deadlines intimidating. But what if we told you it doesn’t have to be that way? Together, we can break down the process into manageable steps, making tax season less stressful and more straightforward. Let’s dive into the essentials of non-resident tax filing and how you can confidently handle your obligations. Understanding Non-

Oct 13

IRS Furloughs Nearly Half Its Staff — What It Means for Your Taxes

📰 Background The U.S. Internal Revenue Service (IRS) has placed nearly half of its employees on furlough due to a government funding...

Oct 9

Why Business Bookkeeping Services Matter

When we think about running a successful business, what often comes to mind first? Marketing, sales, product development? While these are...

Oct 7

Is Your Bookkeeping a Burden? Discover How to Simplify It

Why Accurate Bookkeeping Matters Effective bookkeeping is not just about recording transactions; it's about providing a clear, real-time...

Sep 24

Finding an Accountant Close to You

When it comes to managing your finances, having a reliable accountant nearby can make all the difference. Whether you're an individual...

Sep 22

How the One Big Beautiful Bill Act (OBBBA) Affects W-2 Employees and Tipped Workers

Big changes are here! The One Big Beautiful Bill Act (OBBBA) , signed into law in July 2025, is shaking up how taxes work for both W-2...

Sep 9