A Renewed Tax Headache for Your Manufacturing or Distribution Business? At the end of 2021, effective July 1, 2022, the Infrastructure Investment and Jobs Act reinstated long dormant...
Continue ReadingA Renewed Tax Headache for Your Manufacturing or Distribution Business? At the end of 2021, effective July 1, 2022, the Infrastructure Investment and Jobs Act reinstated long dormant...
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 ReadingSALT Deduction Limit: Avoiding the $10,000 Federal Limitation in New York Effective for tax years beginning on or after January 1, 2021, The New York State pass-through entity tax (PTET)...
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 ReadingIn a surprising announcement, New York State has provided updated guidance that they will now conform and adopt the federal rule contained within the CARES ACT and not tax forgivable PPP...
Continue Reading