Remote work was required by many workplaces during the COVID-19 pandemic and may be with us for the foreseeable future. So, it’s important for your company to ensure that its connections to employees working from home remain as secure as possible. A multilayered defense is likely to prevent security breaches. Here are some security measures your business can take.
On September 6, 2021 Governor Kathy Hochul announced the designation of COVID-19 as an airborne infectious disease under the new NY HERO Act
New York State has adopted an optional pass-through entity tax (PTET) for partnerships and S corporations. This type of tax has been enacted in other states as a response to the $10,000 state and local tax (SALT) itemized deduction limitation.
If your business applied early in the program you need to apply for forgiveness by August 30, 2021, to avoid loan repayment responsibilities.
Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind up being nondeductible both by an officer and the corporation unless proper steps are taken. This issue is more likely to arise…
Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses and clerical costs? Under current tax law, these expenses aren’t deductible through 2025 if they’re considered investment expenses for the production of income. But they’re deductible if they’re…
The IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage of returns are being chosen for audit these days, that will be little consolation if…
Are you age 65 and older and have basic Medicare insurance? You may need to pay additional premiums to get the level of coverage you want. The premiums can be expensive, especially if you’re married and both you and your spouse are paying them. But…
If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize your expenses. Here are some possible options. Savings bonds Series…
If you’re getting ready to retire, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax and financial issues you may deal with when you retire: Taking required minimum distributions. This is the…