Welcome to Our Blog
WHY TAX CREDITS ARE IMPORTANT TO SMALL BUSINESSES!
The government can provide a tax deduction or a tax credit to incentivize specific activities. Tax deductions reduce income subject to tax, whereas tax credits reduce the amount of taxes owed. Which is more valuable? As with most answers in taxes, it depends.
1031 Exchange Identification Rules
1031 Exchange Identification Rules: Although a taxpayer can identify more than one replacement property, they must adhere to one of the three rules of identification .
Estate Planning- Update Winter 2022-2023- Unmarried, Cohabiting Couples
ESTATE PLANNING UPDATE WINTER 2022/2023 – LEGAL AND TAX ISSUES OF UNMARRIED COHABITING COUPLES:
New York City proposed legislation to end "at will" employment
New York City has proposed legislation to end "at will" employment
KEEP AN EYE OUT – BEWARE OF NEW HOLIDAY GIFT CARD SCAMS
Every holiday season brings on an increase in gift card scams. Unfortunately, scammers often use gift cards as a way to steal value from their victims. There are dozens of ways gift cards can be used by scammers to steal money.
An Employer's Guide to New York State's New Lawful Absence Law
New York State Governor Kathy Hochul signed Bill A8092B into law on November 21, 2022, amending Section 215 of the New York Labor Law (NYLL) to prohibit employers from disciplining employees who take legally protected time off from work.
WHAT TO DO IF YOU HAVE AN UNWANTED INTEREST IN A TIMESHARE
WHAT TO DO IF YOU HAVE AN UNWANTED INTEREST IN A TIMESHARE: Parents bought a timeshare at a vacation resort, and the resort representative advised them to execute a deed transferring ownership to their surviving children. At the time, it seemed like a good idea. Unfortunately, once Mom and Dad passed, the children were shocked to receive demand letters from the resort charging them hefty annual maintenance fees.
ASPIRING ENTREPRENEURS – LEARN THE BASICS OF SETTING UP A BUSINESS
ASPIRING ENTREPRENEURS – LEARN THE BASICS OF SETTING UP A BUSINESS: Here are a few things new entrepreneurs need to do when starting their business.
WHY TAX CREDITS ARE IMPORTANT TO SMALL BUSINESSES
Tax Credits vs. Tax Deductions – The government can provide a tax deduction or a tax credit to incentivize specific activities. Tax deductions reduce income subject to tax, whereas tax credits reduce the amount of taxes owed. Which is more valuable? As with most tax answers, it depends on the situation.
NEW YORK ADULT SURVIVORS ACT – WHAT EMPLOYERS SHOULD KNOW
The Adult Survivors Act, a law recently signed by New York Governor Kathy Hochul, will go into effect on November 24, 2022, and provide a one-year window for individuals to bring certain previously time-barred sexual offense claims, regardless of when the alleged act occurred.
EEOC REQUIRES EMPLOYERS TO REPLACE THE “EEO IS THE LAW” POSTER WITH THE “KNOW YOUR RIGHTS” POSTER
In October 2022, the EEOC released a “Know Your Rights” poster, updating and replacing the previous “EEO Is The Law” poster. The covered employers are…
