Yet another unpleasant side effect of the COVID-19 pandemic and the ongoing battle with its variants is the potential state income/franchise, sales, and payroll tax consequences related to...
Continue ReadingYet another unpleasant side effect of the COVID-19 pandemic and the ongoing battle with its variants is the potential state income/franchise, sales, and payroll tax consequences related to...
Continue ReadingThe New York PTET May Help to Circumvent the $10,000 Federal Itemized Deduction Limitation for State and Local Taxes. The New York State 2021-22 budget bill included a new Pass-Through...
Continue ReadingAs a business owner, you recognize the importance of continuous investment in your business to stay ahead of the competition. But, as the business landscape becomes increasingly...
Continue ReadingThis past weekend President Trump issued an Executive Order directing the Treasury Secretary to use his authority to defer the withholding, deposit and payment of the employee’s share of...
Continue ReadingIntention: more closely align info partnerships report to partners with forms that partners use The IRS is in the process of redesigning the U.S. tax return for partnerships in order to...
Continue ReadingOne outcome of the Tax Cuts and Jobs Act (TCJA) is the increased scrutiny by the IRS of S corporations and their shareholders with regard to certain tax liability issues. Specifically, the...
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