Feb 1, 2017 | Firm Updates, Small Business, Tax Tips
The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often referred to as the manufacturers’ deduction. But this potentially valuable tax break can be used by many other types of businesses besides manufacturing companies. Sec. 199...
Jan 6, 2017 | Firm Updates, Small Business
The New York State Department of Labor rule that increases overtime exempt salary thresholds for New York employees is now in effect as of December 31, 2016. Employers in New York must comply with the new overtime salary thresholds as outlined in the chart below....
Jan 4, 2017 | Firm Updates, Small Business
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you are meeting all...
Dec 30, 2016 | Firm Updates, Small Business
Changes to minimum wage in New York State take effect December 31, 2016. The minimum wage rate is tiered by region and depends on the geographic location of the workplace, the size of the employer’s workforce, and the calendar year. Below is a breakdown of the rate...
Dec 9, 2016 | Firm Updates, Individual Tax, Small Business
You want to save money. This may sound counterintuitive, because it costs money to hire a CPA. But a good CPA can save you money—sometimes lots of it. CPAs know the latest tax and accounting laws and regulations to help plan for your personal and business finances,...
Dec 7, 2016 | Firm Updates, Small Business
You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax year if the bonuses are paid within 2½ months after the end of that year (by March 15 for a calendar-year company). But this favorable tax treatment is not always...
