To grow its client base, a Garden City accounting firm has decided to target a growing market segment.
In June, Armao rolled out “Armao en Español,” a suite of services targeted to business owners and consumers who feel more comfortable discussing their finances and taxes in their native tongue.
The accounting firm looked at the numbers: Long Island’s Hispanic population swelled by 56 percent from 2000 to 2010, according to U.S. Census data, and the number of Hispanic-owned businesses is also ...
"Was that Old Blue Eyes himself swinging last month inside the Peter J. Striano Residence and Catholic Charities Howard Beach Senior Center? No, but you'd be hard pressed to tell the difference, once Sal Armao gets going." Read the entire article here...
By: Kristen D’Andrea June 4, 2014
A recent clarification to the Internal Revenue Service’s tip reporting rules has been a headache for restaurant owners and a disappointment for wait staff.
Effective Jan. 1, 2014, employers are required to differentiate between service charges, or payments that are automatically charged to a bill, and tips. Any gratuities automatically added to a customer’s bill, such as an 18 percent service charge applied to the bill of large parties, must be treated as wages, as ...
Kudos to Karen Auer, Principal at Armao LLP, for her stellar accomplishment -- completing the 2014 Long Island Half Marathon in 1:57.58 on May 4, 2014.
FOR IMMEDIATE RELEASE
April 3, 2014, Garden City, NY
The professionals at Armao LLP are pleased to announce that the firm's managing partner and founder, Salvatore J. Armao, CPA/PFS, CFP, CFE, CGMA, will receive a Long Island Business News (LIBN) “Outstanding CEO” award at a gala being held on May 15, 2014 at the Crest Hollow Country Club.
The Outstanding CEO Awards recognize the business and not-for-profit executives who have consistently demonstrated remarkable leadership skills, integrity, values, vision and a commitment to ...
Salvatore J. Armao, CPA/PFS, CFP, CFE, CGMA, managing partner of Garden City-based Armao LLP, has announced the launch of the firm’s newest practice group, Armao en Español. Armao states, “We have several staff members, including partner Rosa Arreaga-Negron, who are bilingual English/Spanish. It was high time that we shared this valuable communication resource.”
Armao en Español offers the entirety of the firm’s accounting, auditing, consulting and tax services in Spanish to those clients who are more comfortable conversing in their ...
March 13, 2014
By Salvatore J. Armao, CPA/PFS, CFP, CFE, CGMA
Managing Partner, Armao LLP
According to a recent release by the Internal Revenue Service entitled Tips for Taxpayers, Victims about Identity Theft and Tax Returns, “Identity theft remains a top priority for the Internal Revenue Service in 2014. Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS.”
FOREWARNED IS FOREARMED
Despite this dire news, there are ...
Identity theft remains a top priority for the Internal Revenue Service in 2014. Identity theft is one of the fastest growing crimes nationwide, and refund fraud caused by identity theft is one of the biggest challenges facing the IRS. This year, the IRS continues to take new steps and strong actions to protect taxpayers and help victims of identity theft and refund fraud.
Stopping refund fraud related to identity theft is a top priority for the tax agency. The IRS ...
From IRS impersonators to tax preparers behaving badly, scammers are on the prowl this tax season.
Here are "the Dirty Dozen" schemes the IRS is warning about:
1. Identity Theft
The IRS continues to be overwhelmed by identity theft, which occurs when a fraudster uses someone else's name and social security number to claim refunds.
While the agency has been cracking down on the issue -- the number of identity theft-related criminal investigations surged 66% last year -- it still paid out nearly ...