Pass-Through Entity (PTE) Tax

Pass-Through Entity (PTE) Tax

On April 19, 2021, New York Governor Andrew Cuomo signed the New York State 2021/2022 Budget Bill into law, which includes a provision for a highly anticipated new elective Pass-Through Entity (PTE) tax. In 2017 the TCJA enacted what is known as the “SALT CAP.” This...
The Three A’s Made As Simple As Your ABC’s

The Three A’s Made As Simple As Your ABC’s

An Explanation of Audits, Assurance and Attestation Over the last 5 years or so, there have been major changes to the accounting standards that must be implemented by businesses. If that’s not enough, many companies are struggling in the new COVID world, forcing them...

We are all in this together….Sure we are.

Sorry for the subject line but we couldn’t help ourselves. After a week of dealing with various bank requirements relating to the PPP loans, some of which seem nonsensical, such as changing SBA requirements, opaque reasons for approval, non-approval, regional approval...