Nov 16, 2021 | Firm Updates, Individual Tax, Retirement Planning
Are you considering a move to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the weather is more pleasant. But while you’re thinking about how many square feet you’ll need in a retirement home, don’t forget...
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...
