Industry Updates

9/28/21

NYS PTET Memo

What is the NYS PTET (“Pass-Through Entity Tax”) (NYS Technical Memorandum TSB-M-21(1)C)? The NYS PTET is a tax paid through...
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9/15/21

IRS announces tax relief for New York victims of remnants of Hurricane Ida

Victims of remnants of Hurricane Ida that began September 1, 2021 now have until January 3, 2022, to file various...
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3/15/21

Stimulus Checks From American Rescue Plan

As a result of the American Rescue Plan Act being signed into law, millions of Americans will be receiving $1,400...
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12/10/20

2020 Gifting Update

If you receive our firm’s newsletter then you are aware that the estate/gift lifetime exclusion may be decreasing substantially after...
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12/10/20

PPP Update: Taxability of The PPP Loan Forgiveness

We just wanted to give you all an update as to the taxability of the PPP loan forgiveness (currently a...
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11/23/20

PPP Loans Update

Guidance by IRS Limits Deductibility for Expenses from PPP Loans When business owners first applied for loans from the Paycheck Protection...
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1/18/18

Tax Cuts and Job Act

The Tax Cuts and Jobs Act was officially signed into law by President Trump on Friday, December 22, 2017, and...
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9/27/16

How to Invest an Inheritance for a Comfortable Retirement

Inheriting a large sum of money can be a blessing or a curse, depending on how you approach it. When...
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4/21/16

Governor Cuomo Signs New Minimum Wage Law

The New York State Governor Andrew Cuomo reached a deal with the State legislature to increase the State minimum wage...
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4/1/16

2016 Social Security Revisions to Take Effect May 1

The Bipartisan Budget Act of 2015 was passed by Congress in October of 2015 and the modifications it proposes will...
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