by frishkoff | Aug 16, 2022 | Business Advisory
Recently the Financial Accounting Standards Board (FASB) introduced significant changes in the accounting requirements for leases. These new requirements have been codified under the Accounting Standards Codification (ASC) 842. ASC 842 is already effective for public...
by frishkoff | Jun 3, 2022 | Business Advisory
The world of corporate tax risks and opportunities is constantly evolving. Here’s our advice for balancing your corporate efficiencies with tax risks. The goal is to help you meet business objectives while creating an environment for sustainable growth. TAX RISKS 1....
by frishkoff | May 12, 2022 | Business Advisory
By now you’ve sent in your 2021 taxes or filed for an extension. It’s time to bring our focus to 2022. There are important changes with New York State’s taxes that give New Yorkers the unfortunate distinction of paying the highest combined state and local tax rate in...
by frishkoff | Mar 9, 2022 | Business Advisory
Photo by Pavol Svantner on Unsplash New York has a variety of local taxes. One of these local taxes is the metropolitan commuter transportation mobility tax (MCTMT). The New York State Department of Taxation defines the MCTMT as a “tax imposed on employers and...
by frishkoff | Feb 4, 2022 | Business Advisory
Most states charge a sales tax on retail goods and services. The state tax is relatively low but add on local and regional taxes and it starts to add up. In addition to sales tax, residents must pay use tax. We’re used to paying tax, but how much is it exactly and how...
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