Looking to rack up some mileage points on your credit card? Consider paying your taxes by credit card...
                                             
In today’s paycheck to paycheck environment, too many people live for today and don’t always focus on their future. In fact, many Americans look at winning the lottery as their only hope for a comfortable retirement...
                                             
According to the Internal Revenue Service, there has been a 21% percent increase in audits this year. Out of 130.6 million individual returns, there were 1.2 million audits conducted...
                                             
The IRS has issued new regulations that will allow most businesses and individuals, by filing a single form, to request a six-month automatic filing extension for tax years ending after December 31, 2005.
                                             

Giving Back to the Community

With almost 50% of our work being done in the non-profit sector and 12% of our work being done for school districts, we have always supported our clients by sponsoring events, giving donations, and attending fundraising galas. But we help more than just our clients. We feel it is important to give recognition to the thousands of organizations that devote themselves to our communities. In this effort, Cerini & Associates has teamed up with Long Island Business News to present a weekly spotlight for local non-profit organizations. Though accountants are not typically known for their creative writing skills, managing partner Kenneth Cerini felt it was important to get the word of the non-profits out there. He has been faithfully writing the "NFP Spotlight" article on a pro-bono basis since 2001.

In 2004, Cerini & Associates conducted the first annual Long Island Not-For-Profit survey. In 2005, Cerini & Associates conducted its second survey which had an even greater response. The survey is designed to provide both the not-for-profit community as well as the for-profit community some insight into the challenges that the not-for-profit sector faces. It focuses on areas such as operations, development, corporate governance, and strategic planning. Results of this survey offer valuable benchmarking information for the nearly 5,000 not-for-profit organizations here on Long Island.

Each year, the firm participates in a local "Letters to Santa" program with the help of the United States Postal Service ("USPS"). During the holiday season, we gather letters from children in underprivileged areas of the tri-state region. Through donations by the firm, its employees, and its friends, we are able to purchase a large number of items that appear on wish lists from these children and help make their holiday dreams come true. In addition, our partners and staff have extensive histories of community service and involvement. Participation in community events and giving back are strongly encouraged by the firm.

Giving Back to the Accounting Profession

As members of the New York State Society of Certified Public Accountants we are very much involved with the network of Long Island accountants. Ken Cerini, our managing partner, is the Suffolk Chapter President of the NYSSCPA. Our staff includes both members of the board and chairpersons of sub-committees for the local and statewide chapters of the society. We are involved in helping to shape the profession for the generations to come.

Cerini & Associates is involved in various Long Island organizations. Ken Cerini currently serves as the Treasurer of the Association of Fundraising Professionals of Long Island. Cerini & Associates supports the Coalition of Children with Special Needs, the Interagency Council, the Association of Fundraising Professionals of Long Island, the Health and Welfare Association of Long Island, and many other nonprofit organizations and groups. Cerini & Associates is also a member of or affiliated with the Advancement of Commerce, Industry, and Technology (ACIT) of Long Island, the Long Island Association, the Hauppauge Industrial Association, The MacArthur Business Alliance, ExecuLeaders, the Suffolk Community Council, the Public Relations Professionals of Long Island, and the Association for Accounting Marketing. In addition, Ken Cerini also participated in the Long Island Fight for Charity, raising money for many wonderful organizations. Here at Cerini & Associates, we enjoy participating in community and professional networking groups that help Long Island grow. Cerini & Associates enjoys giving back to our community and working together for a brighter future.

About 4 to 6 times a year we take our knowledge of finance and offer it to other professionals through free seminars. In the past we have hosted seminars for healthcare practices, non-profits, small businesses, and individuals seeking financial advice. In addition, we periodically provide free seminars and financial planning sessions to the employees of the Jacobi Medical Center in the Bronx.

We also advocate for the accounting profession by speaking to children in high school about becoming accountants. To give students the chance to get a closer look at the profession we participate in a mentoring program every year in which a high school student will shadow one of our staff members for a day. It's a great experience for both the staff and the students. Additionally, we recruit many of our interns and entry-level staff straight from local colleges. It's a great way to support the local kids and give them opportunities for career advancement.