Sep 26, 2024 | Firm Updates, Small Business
The Corporate Transparency Act (signed into law on January 1, 2021) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US Beginning in 2024, many small businesses are required to report information...
Nov 14, 2023 | Firm Updates, Small Business, Tax Tips
2023 has been a quiet year for tax legislation. To help you decide what works best for you and your business, we have compiled a list of tax strategies based on current tax rules that may help you save tax dollars if you act before the end of the year. Qualified...
Feb 27, 2023 | 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 19, 2022 | Firm Updates, Small Business, Tax Tips
With year-end rapidly approaching, the 1099 filing due date of January 31, 2023, is right around the corner. If your business pays an individual or company more than $600 for services or rent, you may be required to file Form 1099. The information below explains the...
Dec 2, 2022 | Firm Updates, Small Business, Tax Tips
With year-end approaching, it is time to start thinking about moves that may help lower your business’s taxes for this year and next. This year’s planning is more challenging than usual due to recent changes made by the Inflation Reduction Act of 2022 (formerly...
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...
