Aug 22, 2022 | Firm Updates, Small Business, Tax Tips
If you have not yet made the New York State (NYS) Pass-Through Entity Tax (PTET) election for 2022, you may opt-in through September 15, 2022, using NYS’ Pass-Through Entity Tax Annual Election application. An estimated payment is required upon opt-in. NYS...
Aug 17, 2022 | Firm Updates, Individual Tax, Small Business, Tax Tips
If you don’t have enough federal tax withheld from your paychecks and other payments, you may have to make estimated tax payments. This is the case if you receive interest, dividends, self-employment income, capital gains, or other income. Here are the applicable...
Jul 11, 2022 | Firm Updates, Small Business, Tax Tips
New York State’s $250 million COVID-19 Capital Costs Tax Credit Program provides financial assistance to small businesses burdened with a range of operational costs stemming from the COVID-19 pandemic, from structural changes and building upgrades to...
Feb 15, 2022 | Firm Updates, Small Business, Tax Tips
The New York State Pass-Through Entity Tax (PTET) is an optional tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021. Who is eligible? Any partnership [including a limited...
Dec 20, 2021 | Firm Updates, Retirement Planning, Small Business
On October 21, 2021, Governor Hochul signed legislation ensuring retirement plan security for private-sector employees. The seven-member New York Secure Choice Savings Program Board will run the program. This law will apply to both for-profit and non-profit employers...
Nov 30, 2021 | Firm Updates, Small Business, Tax Tips
2021 brought a multitude of changes affecting businesses and with additional legislation being debated in Congress, it looks like 2022 will be no different. As the proposed legislation is still evolving, we will focus on the existing laws to assist your year-end tax...
