Seth Kamens, CPA, MBA,  Managing Member at Kamens & Associates, was a recent guest on ‘Law You Should Know’. Along with Host, Kenneth J. Landau, Kamens discussed tax planning tips. 

Kamens explained the time frame of when taxes have to be paid to avoid penalties for both businesses and taxpayers, “There are four quarterly payments you are supposed to make, these are called ‘estimated taxes.’ If they are not paid, then there are small interests and penalties that may come up. It is important to make sure you have made all your payments by April 15th.”   That being said, many people would prefer to keep money invested rather than pay quarterlies.   If the return on investment is larger than the interest and penalties being enforced, then paying quarterlies may not always be the best option.  These  are difficult decisions based upon your risk tolerance and absolutely should be discussed with your CPA.”    

In addition, Kamens offered key advice to business owners for maintaining their financial practices, “If you are running a business, you should have these three key items. First, a business bank account. Second, have a business credit card. Link it with your bank account. Equally as important is to have some kind of bookkeeping software.” 

To listen to the show in its entirety, please click here: https://bit.ly/3YCy2y5  

ABOUT SETH KAMENS: 

Seth Kamens is the Managing Member of Kamens & Associates, and a New Jersey and New York Certified Public Accountant. His education and work experience in financial services, accounting and entrepreneurial endeavors uniquely qualifies him as an ideal resource for closely held businesses, startups, and established firms.

As a CPA and former financial advisor, Seth brings a powerful and diverse background to help clients achieve both their short-term and long-term financial goals. 

Always interested in promoting the industry, Seth has spoken about CPA and entrepreneurship to students at St. Peters College, Jersey City, NJ.

Prior to starting Kamens & Associates, Seth worked at several well-known New York City firms, such as Morgan Stanley, Merrill Lynch, Deloitte, and Cohn, with an accentuation on tax and financial planning.  He holds an MS in Accounting from Pace University, an MBA from George Washington University with a joint focus in Finance and International Business, and a BA from the University of Maryland.

ABOUT LAW YOU SHOULD KNOW:

Hosted by Attorney Kenneth Landau, the show features expert guests concerning all areas of the law. They discuss tips, important information, your right to sue, and what to do if you are sued. The show can be heard live on WHPC on the iHeartRadio app or clicking on www.NCCradio.org