
Welcome to Our Blog
New Year's Resolution For Your Employee Handbook
Kick off the year by revisiting key policies in your employee handbook. Read the full blog here for actionable steps!
Related Party 1031 Exchanges - Don't Buy from Mom or Dad!
Navigating a 1031 like-kind exchange can be challenging. With strict deadlines, multiple parties involved, and substantial tax liability at stake, real estate investors need strategic planning—and sometimes a solid Plan B. Options like the Delaware Statutory Trust (DST) or Qualified Opportunity Zone investments can be lifesavers in the right situations.
What Nonprofit Employers Need to Know about Mental Health Parity
New rules under the Mental Health Parity and Addiction Equity Act (MHPAEA) will require most employers—including nonprofits—to act by January 1, 2025. These updates ensure that mental health and substance use disorder (MH/SUD) benefits are in parity with medical and surgical benefits.
New York Clean Slate Act Takes Effect on November 16, 2024, with New Obligations for Employers Running Criminal Background Checks
Big changes are here for employers conducting criminal background checks in New York! The Clean Slate Act introduces automatic sealing of eligible convictions, new notice requirements for employers, and protections against certain negligence claims. Is your business prepared for these new obligations?
How a Single-Member LLC Can Be Taxed As an S Corporation
Thinking about how to structure your single-member LLC for tax savings? Did you know it can be taxed as an S Corporation? This switch could reduce personal tax liability—but there are deadlines and steps you need to follow.
Estate Planning for Couples
Estate planning is essential for couples to protect each other and ensure their wishes are honored!
An up-to-date Will, along with carefully managed beneficiary designations and powers of attorney, can prevent unexpected outcomes—especially for blended families or those facing life changes like marriage or divorce.
Insurance for Artificial Intelligence Risks
The rapid evolution of Artificial Intelligence has introduced a range of risks—some discovered daily—that businesses must consider.
Warning Employers – Be Careful with Physical Assessment Requirements
The EEOC recently issued a reminder to employers regarding the use of physical exams. Whether it's during the hiring process or for current employees, employers must ensure assessments are job-related and consistent with business necessity.
Significant Changes Coming to Withholding Tax and Wage Reporting
Starting in March 2025, significant updates are coming to Form NYS-45, affecting how you file quarterly withholding, wage reporting, and unemployment insurance returns. Here’s a quick rundown of the changes.
New York Employers' New "To Do" Item for 2025
Starting January 1, 2025, there’s a new requirement on your to-do list: Paid Prenatal Personal Leave (PPPL). All employers will need to provide pregnant employees with 20 hours of paid leave for physical exams, medical procedures, and more. This is in addition to paid sick and safe leave.
Why are home insurance payouts falling short?
Construction costs have soared by 55% between 2019-2022, and home replacement costs have outpaced most other sectors. This rise, combined with construction-sector inflation, has left many homeowners with inadequate insurance coverage in case of catastrophe.
Emergency Preparedness Plans for Businesses In Case of Natural Disasters Should Include Financial Records
Natural disasters can strike at any time, and businesses need to be prepared. A comprehensive Emergency Preparedness Plan can be the difference between recovery and major loss.