Nov 3, 2021 | Assurance, Firm Updates
Earlier this year the New York State budget contained a new filing requirement for certain non-profit organizations that solicit charitable contributions in the state. Organizations that file under Article 7-A and have gross revenue exceeding $250,000 must now file...
Sep 15, 2021 | Firm Updates, News Brief, Small Business
Outsourcing your organization’s accounting function is a flexible, cost-effective way to address the ever-changing operational needs of your organization. There are many different accounting tasks that can be outsourced, each of which can provide a variety of benefits...
Sep 1, 2021 | Assurance, Firm Updates
Nonprofit organizations have a responsibility to donors to maintain strong internal controls to prevent and detect fraud. Due to the COVID-19 pandemic, many employees are now working remotely, causing controls that were previously implemented to no longer be as...
Aug 25, 2021 | Firm Updates, Small Business
New York State enacted a new pass-through entity tax for tax years beginning on or after January 1, 2021. Any pass-through entities including a limited liability company treated as a partnership for federal purposes and any New York S Corporations are eligible to make...
Aug 19, 2021 | COVID-19 Response, Firm Updates
On August 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-49 which provided additional guidance and clarification for the Employee Retention Credit (ERC) for quarters 3 and 4 of 2021. For all quarters of 2021, the employee retention credit can be...
