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accountant, relief during the covid-19 pandemic, covid-19

Can an Accountant Provide Relief During the COVID-19 Pandemic?

2020 has been rough on everyone and while businesses are starting to open up again, we are still left with the uncertainty of how long it will take to repair the damage. There’s no hiding the fact that pressure is at an all-time high for small businesses, which is why having a quality accountant is…

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signs of a healthy business, growing revenue

How Can You Tell If Your Business Is Healthy or Not?

A growing business has a lot to worry about. Rising expenses, employee turnover, lack of focus on customer service, more responsibility, higher pressure, and much more can easily overshadow all the good work your company is doing. Keep in mind, an influx of customers and clients won’t always mean you’re in the green light.  One…

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restructure your business, business restructure

When Is It Time to Restructure Your Business and How Do You Do It?

In a perfect world, businesses would continually evolve and adapt to meet their customers’ and employee’s needs. Whether you’re a startup, a small business that has been around for a while, or a larger company seeing organizational changes, there might come a time when you need to restructure your business.  Many business owners will avoid…

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applying for a business loan, business loan

Being Smart When Applying for a Business Loan

Applying for a business loan is an extremely delicate process for any small business owner. In the right situation, a business loan can catapult your business into sustained success. Unfortunately, in the wrong situation, it can cause significant harm to you, your employees, and your customers.  Furthermore, making small-time errors and mistakes throughout the business…

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cost of goods sold, tax return, inventory cost

What Is ‘Cost of Goods Sold’ and How Do You Calculate It?

Being a business owner comes with a wide range of benefits, but it will also come with a certain level of responsibility. One of your responsibilities will include paying attention to key performance indicators and other metrics that measure the success of your business.  One of those essential KPIs is known as the “cost of…

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business structure

Choosing the Best Business Structure for Your Company

One of the many decisions a small business owner will be required to make is choosing the best business structure for your company. You may view it as a daunting task due to the surplus of options, but this can be avoided if you understand what your options are and how they’ll affect your company. …

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coronavirus outbreak

How to Manage Your Business During the Coronavirus Outbreak

Businesses all across the world are being affected by the coronavirus outbreak. Some are being forced to shut down temporarily, others are seeing significant profit losses and payroll cuts, and some are seeing permanent damage done to what they’ve worked so hard to build.  Not only are we left with an enormous amount of uncertainty…

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accounts receivables, overdue payments

Finding Success In Your Accounts Receivables Department

Your accounts receivables department is one of the most difficult departments to manage on a daily basis. Many owners will find it easy in the beginning, especially when they’re only handling a few clients or orders at once, but that won’t last forever.  Hopefully, that client list will continue to grow and you will soon…

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cash flow, profits

What’s More Important To Your Business: Cash Flow or Profits?

What’s More Important To Your Business: Cash Flow or Profits? Owning and operating a business comes with a wide range of challenges and difficulties. Every owner will have two main goals to pay close attention to — making sure there’s enough cash flow to keep your business running and turning over profits for sustained success. …

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employee payroll

How to Manage Employees’ Payroll Properly

Without an effective payroll processing system or the proper payroll software, your business will struggle to keep things rolling on a daily basis. Your employees are the backbone of everything your company offers, but they will only do their part if they get paid for it.  The good news is there’s a lot you can…

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Get in Touch With Me

Contact me for any of my accounting services. I am more than happy to answer any of your questions.

PETER B. SCALA, CPA, LLC

775 PARK AVENUE, SUITE 255 HUNTINGTON, NEW YORK 11743

(631) 923-0200

Service Areas

I provide my services to clients in the New York City Metropolitan area.

Long Island

Westchester County

New York City

New Jersey

Connecticut