Summing It Up listing page

By

Topic: Tax

Combating Inflation Through Tax Changes? A Quick Summary of the Inflation Reduction Act
By Freed Maxick on September 7, 2022

The Inflation Reduction Act (IRA) of 2022, formally called the budget reconciliation bill, was signed into law on August 16, 2022. This bill impacts a wide variety of areas, from climate...

Continue Reading
Benefits and Other Impacts in the Inflation Reduction Act for Nonprofits
By Freed Maxick on August 18, 2022

After almost a year of negotiations, President Biden signed the Inflation Reduction Act (IRA) of 2022 into law on August 16. The law, which originated in 2021 as the much larger Build Back...

Continue Reading
Vacation Home Tax Rules: New York State Appellate Court Rules that a Vacation Home Wasn’t a “Permanent Place of Abode” for New York State Income Tax Purposes
By Don Warrant, CPA on August 11, 2022

Good News for Non-Residents Owning Vacation Property in New York State The New York State Supreme Court, Appellate Division, Matter of Obus v New York State Tax Appeals Trib. (June 30,...

Continue Reading
New York State Sales and Use Tax Update: Contractor’s Purchase of Concrete Not Exempt
By Don Warrant, CPA on August 5, 2022

The Appellate Division of the New York State Supreme Court confirmed a contractor’s purchase of concrete was not exempt from the New York State sales and use tax. M & Y Developers, Inc....

Continue Reading
Is Your Business Eligible for a New York Tax Credit of Up to $25,000?
By Freed Maxick Tax Team on July 6, 2022

New York State COVID-19 Capital Costs Tax Credit Program Now Available Until Program Funds are Exhausted If you are an independently owned and operated business in New York State that...

Continue Reading
Recent New York State Tax Law Updates: Impact on Farmers
By Dave Porter, CPA on June 20, 2022

When the New York State budget was passed this spring, there were numerous law changes included that will affect farmers in New York State. While some of them are certain to be less...

Continue Reading

Stay up to date