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Feb 20, 2017
Earlier Due Dates for 2016 Partnership and LLC Returns
Two Laws Are Responsible for the Changes 1. The Protecting Americans from Tax Hikes (PATH) Act. Enacted on December 18, 2015, the PATH Act extended or made permanent a number of “tax extenders” (provisions with expiration dates that had been routinely extended by Congress…
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Jan 17, 2017
Effective Immediately for Individual Tax Returns
In an effort to protect taxpayers from identity theft, for tax year 2016 New York State is requiring that taxpayers provide information from either their driver’s license or state-issued ID for all personal income tax returns prepared and electronically filed using software. This information will…
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Dec 30, 2016
Effective December 31, 2016: New York State Increases Exempt Salary Levels and Minimum Wage
On December 28, 2016, the New York State Department of Labor published its final regulation adopting proposed Wage Order amendments to increase the required minimum salary levels for executive and administrative employees to qualify as overtime exempt. As a result, the minimum salary requirement in…
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Nov 23, 2016
New Overtime Rules Blocked
Yesterday a Federal Judge in Texas issued a nationwide preliminary injunction blocking the new overtime rules scheduled to take effect on December 1, 2016. These rules would have increased the minimum salary for most exempt employees to $913/week. As a result of this injunction, employers…