We are hiring an Accounting Team Lead!

hiring accounting

Do you have what it takes to manage a team of accountants? The Accounting Team Lead will be responsible for general closing activities (revenue recognition, preparing and posting journal entries, variance analysis, and account reconciliations), establishing and maintaining accounting policies and procedures, determining the accounting treatment for specific accounting issues, assisting in the preparation of financial statements and supervision of junior and senior staff accountants.


  • Assess the accuracy of source data used to prepare adjusting journal entries; prepared and process adjusting entries.
  • Prepare and maintain balance sheet reconciliations and supporting documentation, including flux analysis and timely research and resolution of reconciling items
  • Build and maintain strong working relationships with other teams in support of cross-functional tasks.
  • Assist in the preparation of analytics provided to senior management
  • Ensure financial records are maintained in compliance with established policies and procedures
  • Assist in the preparation of financial statements and/or supporting schedules
  • Assist in the identification and resolution of technical accounting issues
  • Identify areas where improvements will lead to efficiencies and communicate suggestions to Management
  • Supervise team of 4 junior and senior accountants
  • Special projects and all other duties as assigned


  • 4-6 years of experience in Accounting environment
  • Bachelor’s degree in accounting, CPA or working towards CPA preferred
  • Public accounting experience a plus
  • Strong analytical and financial skills
  • Strong PC skills with strong knowledge of Excel including pivot tables and vlookups.
  • Excellent organization and time management skills
  • Ability to work independently as well as part of a team
  • Ability to handle multiple tasks while meeting deadlines
  • Excellent oral, verbal and analytical skills required with the ability to communicate with
    all levels of the organization effectively
  • Very well organized, detail oriented, will need to track own progress on a number of monthly tasks
  • Able to work in a fast-paced environment

Interested? Send your resume and qualifications to Ramona Cedeno at rcedeno@fibrickfinancialservices.com

October 2nd, 2018|Uncategorized|0 Comments

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Entrepreneurs: The top 3 financial statements you must know about

Entrepreneurs: The Top 3 Financial Statements You Must Know. As entrepreneurs, one of the things we need to understand is our finances. Check out this crash course to make sure you’re prepared. #entrepreneurs #finances

As entrepreneurs, it pays to be financially literate instead of relying solely on an accountant. Why? Eventually, it will fall to you to explain the numbers to your shareholders, your investors and yourself.

Even the sole proprietor of a mom-and-pop needs to understand these numbers as a readout on the business’s financial health to make key day-to-day decisions such as whether to increase prices, how much inventory to purchase, or whether to hire an employee.

While your bank statements might be a yardstick for whether you are in the red or turning a profit, they don’t provide in-depth metrics such as how long your business could survive on cash alone, known as burn rate, or how quickly sales turn into cash, known as the cash conversion cycle.

Without getting too much into the weeds, here are three financial statements which you, as entrepreneurs, need to understand:

  • Balance sheet — shows what you own versus what you owe.
  • Income statement — indicates profit or loss over time.
  • Statement of cash flow — combines the income statement and balance sheet to show overall cash activities over time.

These three statements interrelate, meaning you’ll find items from your balance sheet in your cash flow statement and income statement and vice versa.

1. Balance Sheet

The balance sheet shows the value of the assets your company has accumulated, the money you owe lenders and other creditors and any other initial investments plus equity built up over time.

The balance sheet must “balance” — money you borrow is considered both an asset and a liability and appears on both sides of the equation.

For example, if you take out a five-year, $4,000 loan from a bank, your assets (cash in this case) will increase by $4,000 as will your liabilities (such as a loan), thereby balancing both sides of the equation.

The entire balance sheet is based on the following equation:

Assets = Liabilities + Shareholders’ Equity

More simply, think of the balance sheet in personal terms. You have one, as does everyone else. Your personal balance sheet would be how much you owe on the mortgage for your home, your cash in the bank, and interest accrued on your student loans and credit card bills.

It’s the same idea for your business. Cash is money you have on hand, while accounts receivable is money you are entitled to receive for your product or service. Pay attention to this number — if, for example, you’re paid on a 60-day lag, your accounts receivable will be high relative to your cash.

Or perhaps you have clients who default on payments, in which case you should consider charging a retainer, particularly to first-timers.

Inventory (an asset) is relevant to you if you sell a product and prepaid expenses (also an asset)  include prepayments for expenses such as rent and marketing.

On the other side of the equation, liabilities are what you owe. The most common items for my small-business clients are lines of credit and accounts payable. These are amounts owed to vendors and suppliers.

Finally, your equity is your net worth: the difference between what you owe and what you own. This is why you can tell a lot about a company from its balance sheet. Is its debt higher than its assets? How quickly do sales convert to cash?

Some Important Indicators in the Balance Sheet:

  • Debt ratio — the ratio of debt to assets
  • Working capital — how much money you spend on day-to-day operations, calculated as current assets minus current liabilities
  • Cash conversion cycle — how quickly you can convert sales into cash. This is very important for businesses that accept prepayments or do not trade in cash, such as e-commerce.
  • Sales and inventory ratios — for companies that hold inventory, how quickly your inventory converts into sales and into cash.

2. Income Statement

Your income statement tells you at a glance whether you made a profit or a loss by comparing what you spend with what you earn in revenue. It itemizes sales, cost of goods sold (costs directly related to your sales) and operating expenses.

Entrepreneurs: The Top 3 Financial Statements You Must Know. As entrepreneurs, one of the things we need to understand is our finances. Check out this crash course to make sure you’re prepared. #entrepreneurs #financesThe income statement records two sets of transactions: operating revenues and expenses (directly related to business operations); and nonoperating revenues and expenses (what you charge or owe that isn’t related to operations, such as taxes).

You can tailor the income statement to suit your needs — be it month to month or year to year — and apply various filters to better home in on where your profits and expenses originate. Using accounting systems software like NetSuite or QuickBooks makes this very easy.

Say you have two revenue streams — one for selling hair products and one for cosmetics. A lot of small-business owners separate the two, and the cost directly associated with each. They can then analyze the source of their revenue and profits.

Some Important Indicators in the Income Statement:

  • Net profit margin — the ratio of net profits to revenues
  • Revenue growth rate — measures percentage increase (or decrease) in revenue per time period
  • Net profit growth rate — measures percentage increase (or decrease) in profit per time period
  • Burn rate — measures how quickly you spend money on your business

3. Statement of Cash Flow

Entrepreneurs often neglect the statement of cash flow and focus primarily on the income statement and balance sheet.

Cash flow is highly useful as a way to map how cash and cash equivalents enter and leave the business.

It merges the income statement and balance sheet to show your company’s true net cash flows rather than the transactions it has made, which are shown in the income statement.

Some Important Indicators in the Statement of Cash Flow:

  1. Sources of cash — investors and lenders will want to know how much money you make from selling your product, selling stocks, fundraising or getting loans.
  2. Positive or negative cash flow — negative cash flow immediately signals to investors to back away, stat. Remember, investors and lenders will look for more than just revenue. They’ll want to know that in the event of a loss, you have a cash cushion just in case.

So How Do Entrepreneurs Know When to Use Which Financial Statement?

When applying for a loan, lenders will ask to see your income statement and balance sheet. Investors, on the other hand, may ask for a statement of cash flow. As a small-business owner, you’ll need to understand all three to make informed decisions for the short- and long-term survival of your company.

This article was originally published on Centsai.com. Click here to read the original piece.

September 10th, 2018|Uncategorized|0 Comments

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The three mindsets that are stopping you from reaching your full potential

Entrepreneur mindset

At a recent event I hosted with cognitive psychologist Amanda Crowell, we discussed the default mindsets that can hold us back as entrepreneurs.

As an entrepreneur, you are faced with a twofold challenge: 1) Running a business; and 2) Deepening your expertise in your field. You could be the world’s most incredible pointillist or project manager, but if you can’t close sales or keep up with invoicing, your business suffers.

At a recent event we hosted with a small group of startup founders, cognitive psychologist Amanda Crowell discussed the three mindsets that could be holding you back and how to overcome them using brain science.

  1. Getting comfortable with “productive failure”

There are two kinds of failure: one is productive, the other destructive. “Productive failure is when you try something new and you suck at it,” explained Crowell. “But then you do it a little better the next time, and over time you become the person people come to for advice about that thing.”

Crowell says she spends half of her time as a coach for entrepreneurs helping them to engage with productive failure — minus the drama. But a willingness to fail and learn is key. The brain is an efficiency machine: it will not let you engage in activities where failure is more likely than success.

This means you actively sideline yourself when it comes to things that aren’t your forte — it can manifest as procrastination or self-sabotage, such as postponing a much-dreaded sales call until 5:15pm when you know your potential customer just left the office.

To be continued…

This article was originally published on Medium.com. Click here to read it in full. 

September 7th, 2018|Uncategorized|0 Comments

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Streamline your small business finances with a crash course in QuickBooks software

Introduction to QuickBooks

With the right software, you can automate all of your financial record-keeping for your business. Join us at the next Small Business Series workshop with Fibrick founder Ramona Cedeno to learn how to use QuickBooks to streamline your finances. You will have the opportunity to ask accounting and tax questions as we go along!

As a small business owner, you need to structure and automate your accounting and finance functions to succeed in business. With QuickBooks training, you can learn how to carefully record your income and expenses and stay on top of your finances using the world’s most popular accounting software geared towards small business owners.

Tuesday, September 18


WeWork Empire State

349 5th Avenue

New York, NY 10016

About the workshop leader:

Ramona Cedeno is the founder of Fibrick Financial Services. She is a CPA and CGMA with over 15 years of experience as a Financial Controller for large (Fortune 500), pre-IPO start-ups and small companies, with a track record of successfully devising and deploying innovative strategies that enhance operational and financial performance. Ramona earned a Bachelor’s in Accounting from Baruch College, a Master’s in Finance from Fairleigh Dickinson University and a Certificate in Financial Planning from Boston University.

She is also a Certified QuickBooks ProAdvisor and member of the AICPA and the NYSSCPA.


September 7th, 2018|Accounting, Personal Finance|0 Comments

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How the new tax bill affects your 2018 personal income taxes

Tax bill

Anxiety levels have soared among the lower and middle class as the GOP instigates a tax bill overhaul proffering hefty cuts to corporations and the highest-earning 1%. But most income brackets will see a boost in take-home pay – a blip for some earners and a bump for others. Find out where you stand.

The tax brackets have shifted. What does that mean for me?

First, determine your tax rate based on your income bracket. In a nutshell, the middle class (defined by Pew Research as those earning $39,560-$118,080) sees their taxes slashed from 25 percent to 22 percent.

Here’s the good news for married taxpayers filing jointly: the Republican tax bill shifts the seven income brackets upwards, so that the larger tax rates are introduced at higher increments. Conversely, higher rates kick in earlier for middle-class single filers — but the well-heeled can take solace in knowing the highest tax bracket just jumped from $418,401 to $500,001 and up.

Tax brackets for single filers

Tax brackets for married taxpayers filing jointly

The personal exemption has been repealed! Does that mean I get a smaller tax deduction?

Not necessarily. Personal exemptions are for those who score a larger deduction by itemizing expenses such as a mortgage or state and local taxes, rather than accepting the standard deduction. In 2017, the standard deduction for a single taxpayer was $6,350 plus one personal exemption of $4,050 per taxpayer, usually claimed by those with incomes less than $100,000, which constitutes about 70 percent of Americans. The new law combines these into one larger standard deduction for 2018: $12,000 for single filers and $24,000 for joint filers (up from $12,700).

The hike in standard deductions most benefits childless married couples, while married couples claiming multiple dependents claim a more modest deduction ($24,000 regardless of income), potentially offset by an enhanced child tax credit of $2,000 per child under age 17 (up from $1,000).

Can I still itemize under Schedule A?

Yes, but beware of changes to Schedule A items. The bill imposes a $10,000 cap on state and local taxes (including property tax) which you can deduct from your federal income taxes, so if you reside in a high-tax state, you should budget accordingly. Furthermore, a number of items are no longer itemizable: casualty and theft losses (exempting areas beset by natural disaster), the cost of tax preparation, investment fees, bike commuting ($20/month), unreimbursed job expenses and moving expenses.

I’m looking to buy or sell a home. What should I be aware of?

Your current mortgage-interest deductions won’t be affected, but if you move, your mortgage deduction will shrink from $1 million to $750,000 for married filers and $500,000 to $375,000 for single filers. These adjustments could make homeownership less affordable in pricey markets.

So what’s the verdict?

See below for an at-a-glance rundown of your filing status.

You’re Single, with No Children You’re Married Filing Jointly, with No Children You’re Married Filing Jointly, with Two Children
  • Standard deduction increases from $6,350 to $12,000.
  • Personal exemptions decrease from $4,050 to $0.
  • Old tax break: $10,400.
  • New tax break: $12,000.
  • Standard deduction increases from $12,700 to $24,000.
  • Personal exemptions decrease from $8,100 to $0.
  • Old tax break: $21,100.
  • New tax break: $24,000.
  • Standard deduction increases from $12,700 to $24,000.
  • Personal exemptions decrease from $16,200 to $0.
  • Old tax break: $28,900.
  • New tax break: $24,000.


June 6th, 2018|Tax|0 Comments

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Are you an MWBE? Here’s why you’re having trouble winning government contracts

By Kindra Cooper

Unsurprisingly, women and minorities are still vastly underrepresented in city and state contract awards despite an increasing number of women-owned businesses filing for Minority Owned Business Enterprise (MWBE) certification. At the recent State of Women in Business 2018 conference hosted by the New York Women’s Chamber of Commerce, elected officials, members of the chamber and female entrepreneurs discussed legislation at the city and state level designed to get more MWBEs hired.

Running the numbers on MWBEs: The journey is long 


MWBE certification

Even though the city seems on track to achieving its goal by 2021 (which includes prime and subcontracts with mayoral and non-mayoral agencies), assemblywoman Roynese Bichotte said the data is not very transparent, nor is it categorized by government agency.

“Many of us are questioning whether 27 percent is accurate,” she said. “We’re still getting a lot of complaints in terms of women and minorities not getting contracts.”

Governments like to trumpet the percentage of contracts being awarded, but it’s not the most important figure, Bichotte warned. Rather, it’s the dollar value of each contract that counts.

“The reality is a lot of these small businesses run by women in particular are not getting paid,” she said. “And usually toward the middle of the contract by the big prime contractor you don’t have an MWBE participating.”

Bichotte has been working to pass legislation that would penalize contractors who abruptly drop MWBEs, while giving businesses the chance to win the contract back. But there’s an important caveat: the MWBE participation goal only applies to contracts worth $25,000 and up for labor and services; OR in excess of $100,000 for construction contracts.

Currently, through the New York State Contract System, certified MWBEs can search for certified firms and interact with state agencies – but it’s a hit-or-miss process with no consequences for contractors that don’t meet the participation goal, meaning it’s just that – a goal. 

MWBE certification

Furthermore, the MWBE programs bars women entrepreneurs with a net worth in excess of $3.5 million from being included in the MWBE participation goals. Bichotte, together with the NYWCC, has been fighting to have this seemingly arbitrary provision eliminated. “We’ve got support from the city, the Senate and the assembly, Republican and Democrat,” she said. “And guess what? Governer [Andrew Cuomo] vetoed the bill. So now we’re trying to put it back in the budget. “

A new program to help MWBEs win government contracts

At the conference, the New York Women’s Chamber of Commerce announced the launch of ContractHER, a contract readiness program to prime MWBEs across all industries to win more government contracts. By providing industry knowledge, expert support, mentorship and tools, the NYWCC will help prepare MWBEs for the competitive bidding process.

If you’re an MWBE, here’s where you can find funding

Through the City Contract Loan Financing Program, MWBEs have access to loans of up to $500,000 capped at a 3 percent APR, the lowest of its kind in the entire state among government-funded programs.

May 15th, 2018|Uncategorized|0 Comments

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The New Tax Law: A Guide for Small Businesses

new tax law

The Tax Cuts and Job Act of 2017 is hotly contested for its drastic tax breaks for corporations and the top one percent of households. But it does offer small businesses a significant breather — at least until 2025. Here are a few things to ask your accountant as tax season approaches:

1. As a small-business owner, what is the most important tax cut I should know about in the new tax law?

The largest cut is a 20-percent deduction for pass-through income. This refers to business income that is reported as personal income by the small-business owner, rather than being taxed through a corporate tax structure.

new tax law If you’re a sole proprietor or an independent contractor providing labor services — such as a self-employed IT specialist, a pizza-shop owner, or a real estate investor — you are most likely eligible for this tax break, which means that you shave 20 percent off your earnings before paying taxes on the rest.

But there are limits on who can claim the pass-through deduction. If you’re an individual earning more than $157,500 or from a household that earns less than $315,000, the deduction is capped at either 50 percent of wages or 25 percent of wages, plus 2.5 percent of capital assets — whichever is greater.

2. How do I know if my business’s earnings qualify as pass-through income?

If your business is a partnership, an S corporation, or a limited liability company, you generally qualify for this deduction. Pass-through income simply means that company revenue passes to the owner, who is taxed at the appropriate individual tax rate. If you’re a company founder or partner, this perk should apply to you. Also note that categorizing your income as pass-through income allows you to pay a generally lower tax rate (29.6 percent) than on personal income tax, depending on your income bracket.

3. Should I consider incorporating to benefit from further tax breaks?

Some pass-through businesses might decide to become corporations to reduce their tax burden.

In a bid to increase global competitiveness, the new tax law slashes corporate taxes from 35 percent (one of the highest rates in the world) to 21 percent.

But unlike the other provisions for personal income taxes and pass-through income, which phase out on December 31, 2025, this provision is permanent.

That said, before you incorporate, consider issues like financial liability and changes to accounting methods. As a corporation, you’ll be required to use accrual accounting methods. With this process, expenses are recorded at the time they are incurred, rather than when they’re paid. This can complicate the process of tracking real cash flow because there is often a delay between when a business processes an order and when it receives payment. Unincorporated small businesses, on the other hand, tend to rely on cash accounting. With this method, outlays and earnings are recorded and taxed in the period they are collected or paid.

4. Are there any other tax breaks I should consider in the new tax law?

Yes — but only if you qualify. Does your small business export goods or services? Or does it conduct significant research and development to actively develop new products or processes? If you run a pharmaceutical company or are an education entrepreneur or a tech disruptor with the potential to become the next Uber, this could be your godsend. The new R&D tax credit, introduced in 2017, allows you to claim up to $250,000 per fiscal year.

First things first: You should work with an accountant to conduct an audit of your business’s R&D expenses. Your accountant will then file Form 6765, Credit for Increasing Research Activities, with your business’s annual income taxes. If eligible, you can expect a hefty credit. You can use this to reduce taxes on taxable income or payroll depending on your company’s profit or loss situation.

5. I conduct business overseas as well as domestically. How can I max out my tax breaks?

If you export goods or services or produce a widget that is included in a larger item that is exported (such as a component part for an electronic device sold overseas), know that foreign profits will be taxed at a lower rate. While this might galvanize multinationals to offshore their operations and headquarters, it’s an incentive to small businesses to expand internationally. Small and medium-size enterprises, or SMEs, accounted for 98 percent of U.S. exporters in 2013 and continue to be a linchpin of economic growth.

Still have questions about the new tax law? You can schedule an appointment with a financial expert at Fibrick today!

If you want a comprehensive list of revisions in the new tax law, Bloomberg has an excellent article.


This article was originally published on Centsai.com, a publication devoted to explain finance, accounting, taxes and more through storytelling and media. You can view the original piece here.

February 14th, 2018|Tax|0 Comments

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Realizing My American Dream: It’s Amazing What CPAs Can Do

By Ramona Cedeno, founder of Fibrick Financial Services 

I will forever say that accounting is the best profession in the world and I am grateful to be a part of it. Some will think I’m exaggerating, but I get up every morning looking forward to the next accounting puzzle I will solve that day.

Growing Up

I was born in what was at the time a lightly populated area of the Dominican Republic called Veron (although for many years I thought it was called Beron), a small community in the resort town of Punta Cana. We had no roads and few neighbors, so my childhood was full of pretend games with my three sisters; our favorite was “grocery shopping.” One of us owned the grocery store and the others played housewives who had to do the shopping. By the time I was 7 years old, other people had moved to the area, roads had been built, and the first resort had opened at the nearest beach. We still had no local electricity (the resort had its own generator), but we had a battery-operated, stick antenna television, which allowed us to watch the soap operas and cartoons from the Puerto Rican network.

Veron didn’t have a school either; I believe I attended school for the first time when I was almost 8, when the first single-room elementary school was opened. We all started in the first grade; luckily, I was able to move up to the second grade the next year. All through elementary school, I sat in the same classroom as kids from every other grade below me, hearing the lessons from grades I had completed previously.

Once I completed elementary school, I had to commute every day to the nearest town, La Otra Banda, to attend middle school. At the time, this seemed like going from New York City to Pennsylvania today. It was a big deal for a 14-year-old. When the time came to attend high school, I had to move out of my house to live with my aunt in the nearest city, Higuey. Although my parents would have been fine if I stopped at the fifth grade, I was determined to go all the way. While in high school, I also worked half days drafting property titles at the city hall.

After graduating high school, I moved to Santo Domingo, the capital of the Dominican Republic, to find a job. I found a woman who was looking to share her studio apartment with a roommate, then found a job within my first week in the city. Only then did I start looking at colleges; that’s a far cry from how it usually goes in the United States! Without even thinking about my future career, I asked my roommate what she did for a living and her answer was “I’m an accountant.” As she told me more about her profession, I felt that accounting was something I’d be good at; after all, my mom always told me I was good with money.

Coming to America and Becoming a CPA

Before I could sign up for college in Santo Domingo, my mom, my sisters, and I moved to New York City, thanks to my grandparents who had immigrated several years earlier. I attended Bronx Community College, where I first earned my associate’s degree, and then Baruch College, where I received a bachelor’s of science in accounting. After Baruch, I enrolled in a master’s program at Fairleigh Dickinson University; I thought it was time to mix it up a little, so I got my master’s in finance. I was also working full time (first as a billing clerk at Gensler architects, then as a finance manager at People en Español). During the last year of my MBA program, I joined Geller & Company and held different positions on their controllership team for one of their largest clients.

I had decided while attending Baruch that I did not want to work for one of the Big Four due to the very long hours required and the fact that I was expecting my first child. The birth of my son not long after I finished my bachelor’s put getting my CPA license on hold. After many years at Geller and having my second son, I felt something was missing from my career. I was not a CPA, and whenever I was around CPAs, I felt out of place. It had been almost 10 years since I graduated from Baruch, but I studied day and night with only one objective: to pass the exam. And I did.

Now that I had my CPA license, I wanted more. Geller is a great company, and I could have easily stayed there longer, but I was looking for that next move up the ladder. I decided to join a startup, and became the director of accounting and financial operations at Handy HQ, an online marketplace for home services (i.e., cleaning, repair, electrical, plumbing). The position only lasted a little over a year; I really admired the founders, but the work-life balance was off. I left Handy officially, but remained as a consultant for a short period. That gave me the idea for the next step in my career: starting my own business.

Starting My Own Company

With the encouragement and help of friends and family, I began brainstorming how to go into business for myself. “This won’t be hard for me,” I’d say, noting what a good CPA I was and how good I am with people and networking. It may sound cocky, but when I believe something, I believe it wholeheartedly.

During this time, I got a call from David Smooha of Business Solution Partners, who was the NetSuite implementation partner at Handy. He had heard about a CFO position that he thought would be a good fit for me. The company was looking for a NetSuite expert with an accounting background, which described me perfectly. I said I would speak with them, but only as a consultant—and just like that, I had my first client.

My company is FiBrick Financial Services, an accounting firm that provides consulting and outsourced accounting and finance services to startups and mid-size firms. For startups, we serve as their home-away-from-home controllership function. We run their full financial reporting processes, implement accounting systems and applications, and provide business coaching. I meet and speak with the founders of my startup clients on a regular basis, just to say hello or to follow up on a personal issue they were concerned about the last time we spoke. I like them to feel like they have a friend in me, someone who understands what they are going through. For midsize firms, we fill the need for expert input on complex transactions if they don’t have an in-house CPA, and we also provide temporary resources for special projects or during high–employee turnover phases.

I enjoy being a partner to my amazing startup clients, building accounting processes, and implementing accounting systems for them. I love technology and automation, and it’s fun to be able to speak about the systems side of accounting to tech startup founders and get their input. I also enjoy staying connected to mature midsize and large corporations in order to stay current on some of the complex accounting transactions that startups might not experience for a while.

Doing What I Love

Becoming a CPA gave me a sense of assurance that I don’t think I would have had otherwise. It still makes a difference in my career. I believe that a big part of being good at what you do is not only knowing how to do it, but also having the confidence that you can do it. That confidence sometimes comes with experience and education, but in the case of accounting, earning a CPA is like having a passport to confidence.

Running my own business while having a family has made my life busy, but I’m doing what I love to do and helping clients who love the fact that I love doing something they don’t. What better combination can I ask for?

This article was originally published in The CPA Journal.

February 12th, 2018|General|0 Comments

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Quick Tax Tips to Make the Best of the Tax Season


Tax season is here again! For tax professionals like me, this is a happy season. For almost everyone else, it’s a time of year they wish should they could skip.  However, since no one has come up with a way to avoid life’s inevitabilities – taxes are one of them- let’s at least try to make the best of it. Here are my quick tips to take advantage of some of the tax perks available to you and to make the process of filing your tax return as painless as possible.

  • Don’t miss important deadlines: Individual and C Corporation income tax returns are due April 17th. Other entity tax structures have a deadline of March 15th, and if your company is incorporated in Delaware, you must file the Delaware franchise tax return by March 1st.


  • Get organized: There is still time to get your finances in order in time for your income tax return due date. If you didn’t use a software application to track your finances and receipts, you can still log those financial transaction that will impact your income tax return using Excel and scan your receipts to a cloud-based storage application for easy sharing with your tax professional. Don’t forget to include your charitable contributions!


  • List important live events: Believe it or not, more life-changing events impact our taxes than we think. Marriage, divorce, legal separations and having a baby are just a few on the list.  However, think about the not-so-obvious ones, like caring for your elderly parent, the death of a spouse or parent, relocating for work and buying or selling a home. Be sure to make your tax professional aware of these changes so that he or she can assess their impact on your taxes.


  • Schedule a call or meeting with your tax professional: This is especially important if you are using a new tax professional for your 2017 taxes.  The earlier he or she gets to know you, the more time you have to get to know each other and to exchange important information about your tax situation. Make sure to have with you a list of questions and other information you want to discuss during this meeting.


  • Set up a retirement plan: Subject to some limitations, you might qualify for a Roth or Traditional IRA retirement account and the good news is that you have until April 17th to open a new account and make contributions for the previous year. If you own a small business, you have until the filing of the business returns (including extensions) to set up and contribute to a SEP IRA.


  • Don’t forget to deduct: Your health insurance premiums if you are self-employed, and job searching expenses (subject to some limitations) if you were searching for a job in your field.


  • Don’t forget to claim: The lifetime learning credit if you took any courses to improve your post-secondary education.

As always, happy tax filing season!

February 4th, 2018|Tax|0 Comments

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“Entrepreneur Spotlight: Ramona Cedeno”

This month I had the pleasure of being featured in Baruch College’s Entrepreneur spotlight, speaking about my transition from the corporate world to the start up world. As a fellow alumni (go Bearcats!), I’m happy to share my story so far and hopefully inspire others to pursue their dreams.

Check out the article here.

November 19th, 2017|General|0 Comments

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