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Get caught up on the latest news.
  • Tax Extension is possible, but it might not mean what you think.  With July 15th being the deadline, some taxpayers might still have the wrong idea about the meaning of a tax extension.  So our question of the week at Gavrilov & Co is “Do......

  • Cash Based Vs. Accrual Based Accounting–Which is best for your business?  That’s our question of the week. Cash-Based and Accrual-Based Accounting are the two major divisions of accounting methods.  Businesses utilize one of these two types of accounting methods to record and report financial transactions.......

  • Medical professionals like doctors, physician’s assistants, nurses, dentists, chiropractors and technicians: Attention! This blog is especially for you. In fact, we think you will profit from our entire upcoming series of blogs which highlight our skills as medical tax accountants. Gavrilov & Co is dedicated......

  • “Happy July 4, 2020!” We hope you have your Independence Day plans ready within your COVID-19 bubble of family and friends.  Sometimes, we have so much fun with picnics, parties and celebrations that we forget what the terms “Independence Day” and “freedom” really mean. Tribute......

  • What is Auditing? Financial auditing is simply re-examining the financial record of your organization or individual financial records to detect any discrepancies and compliance with standard accounting practice, applicable regulations and laws. External auditors come in to examine the accounting books, financial records and provide......

  • Year-end Tax Planning now races day by day and hour by hour. As December begins, year-end Tax Planning faces reality:  there is only one month left in the year for tax planning. But fear not, Gavrilov & Co can still bring you some year-end last-minute......

  • Gratitude is at the heart of the Thanksgiving Season. There is no better time than the Thanksgiving Holiday to express our appreciation to friends, family, and clients.  So, we begin this holiday at Gavrilov & Co with a Thanksgiving salute of gratitude. Gratitude and Thanksgiving......

  • IRS Agents want to make sure you pay your fair share of taxes.  This week IRS proved this by announcing the expansion of their available “in-person tax compliance visits.” This means more visits and more IRS agents in many far-flung cities than in previous years.......

  • Physician Accounting Services have comprised a quiet specialty here at Gavrilov & Co for years. We have been very quiet about one sector we have always served.  And that is the  Physician Accounting Services for medical professionals.  This includes the medical office accounting and personal......

  • Financial freedom for physicians-or anyone else-is not really a simple concept. But for this article, we are going to give you some quick and simple advice that could start you on the road to financial freedom. That sounds impossible. It isn’t. Unfortunately, the simplest advice......

  • Preventative Medicine measures for our physical well-being are quite trendy right now. However, often we often neglect our financial health. In this blog, we bring you today’s Preventative Medicine for your financial health. We’ve written this article especially for the world of the medical practitioners.......

  • Medical Practitioners are all familiar with the old saying, “Doctor, Heal Thyself.” To put it briefly, it means to take care of your own illnesses before you try to heal others. Gavrilov & Co would not presume to discuss this old adage in medical terms.......

  • Doctors and other Medical practitioners are slowly discovering that they must pay close attention to their fiscal as well as physical health.  “Doctor, your books look chronically ill,” is not a diagnosis a medical practitioner wants to hear from an accountant. It’s true though, and......

  • New Federal Tax Laws are mandating significant tax breaks to people who invest in real estate trusts, or REITs as they are called.  You might want to know more about those new federal tax breaks. A Little Background We are beginning to lose a generation.......

  • Show-biz is making a comeback to New York, but not to Broadway, not even to NYC.  Lions Gate Entertainment Corp. just struck a deal with Yonkers, New York.  They plan to build a $100M production facility in Yonkers. With economic savvy, they plan to build......