It takes a driven person to pursue the thrill and challenges of starting and transforming a unique idea into a great business. Being an entrepreneur requires time, not to mention stress, effort, devotion, and talent. Anybody who wants to launch a prosperous business...

One question that our tax preparation team is asked this time of year is, “When are my taxes due?” The short answer is that it depends. For most filers, this year’s deadline to file individual and C Corporation business taxes (if your business operates on a calendar...

Finally, some good news from the IRS. They recently released details regarding adjustments to 2023 taxes in response to inflation. These changes will affect most filers and might actually increase your take-home pay. Here we’ve recapped the key takeaways to help you...

On April 9, 2022, New York Governor Hochul signed the New York State 2022/2023 Budget Bill (Bill) into law, which made significant changes to New York State Pass-through Entity Tax (NYS PTET) and introduced a New York City Pass-through Entity Tax (NYC PTET). NYS PTET...

Small businesses and families are the biggest beneficiaries of the 2022 Inflation Reduction Act. The White House promoted the new legislation as a way “to lower prescription drug costs, health care costs and energy costs to create opportunities for America’s 33...

There's no avoiding taxes.  They happen, whether we like it or not, every year without fail.  To make it easier to keep track and avoid penalties or interest on unpaid taxes, we've put together a list of the most important federal income tax deadlines in 2022. October...

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...

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 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...

Photo by Pavol Svantner on UnsplashNew 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...