SUSAN M. MARTIN, CPA, PC

Creating Lifetime Partnerships

(516) 379-8955

SUSAN M. MARTIN, CPA, PC

Accounting Services

(516) 379-8955

SUSAN M. MARTIN, CPA, PC

Estate and Trust Planning

(516) 379-8955

SUSAN M. MARTIN, CPA, PC

Financial and Retirement Planning

(516) 379-8955

Accounting Services

From start-ups to established businesses, we all rely on accurate financial information to maintain profitability. 

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Financial & Retirement Planning

Susan M. Martin, CPA, PC's function in this area is to assist you in accumulating the funds to maintain financial independence in retirement.

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Estate & Trust Planning

Effective estate and trust planning is essential to minimize estate taxes and maximize the financial security of your beneficiaries.  

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susan martin 2017

INNOVATIVE ACCOUNTING SOLUTIONS

PERSONALIZED | PROFESSIONAL

Susan M Martin, CPA, PC is a full-service accounting firm serving clients throughout the area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.

On this website, you will find information about Susan M Martin, CPA, PC, including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include financial calculators, news and links to other useful sites. Whether you are an individual or business in or around Bethpage, Susan M Martin, CPA, PC has years of valuable experience assisting professionals with their accounting needs.

 

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"Inspirational Thought of the Month"

“Poor is the man whose pleasures depend ont the permission of another.”

- Madonna

New York State Mandatory Retirement Plan

A business acquaintance of mine, Cody Creenfield (This email address is being protected from spambots. You need JavaScript enabled to view it.) provided me with some relevant information I want to share with you.

On Oct. 22, 2021 NYS Governor Kathy Hochul signed a law making a workplace retiremnt plan mandatory for businesses with 10 or more in-state employees that have been in business for at least 2 years AND don't presently offer a plan.

NYS provides a state-facilitated IRA savings program, The New York State Secure Choice Savings Program, to private sector businesses. Companies do not have to use the NYS plan as long as they implement a plan. NYS has not formally established a deadline as of yet.

2022 Tax Brackets

The seven brackets remain the same: 10%, 12%, 22%,24%,32%,35%,37%.  However, the income thresholds for tax brackets are adjusted to reflect inflation or the cost of living.  For example, instead of 10% being applied to the first $9950 of income, it will now be applied to the first $10,275.00 for a taxpayer filing individually.

Also, the standard decuction will increase in 2022 by $400 to $12,950 for single filers or married but filing separately.  It will increas to $19,400 for head of households and $800 to $25,900 for married taxpayers filing jointly.

There is also an additional standard deduction of $1,400 that will apply to those wo are either 65 and older or blind.  The amount doubles if both apply to a taxpayer in 2022.