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So far Office Admin has created 137 blog entries.

IRS Announces Help for Taxpayers Who Can’t Pay Taxes Due to COVID-19

In November, the IRS announced several tax relief measures to help those struggling to pay their taxes as a consequence of COVID-19. The agency emphasized that it wants to give taxpayers more options in settling their tax debts and avoiding collection actions. If you can’t pay your taxes due to COVID-19, here are some

2021-09-21T01:34:17+00:00December 3, 2020|Categories: IRS|Tags: , , |

How a Retirement Benefit can be the Secret Weapon for Employee Retention

Today, more than ever, good employees are the lifeblood of successful companies. With the retirement crisis becoming more evident during the global pandemic, unforeseen fluctuations in the economy have forced small business employees to reconsider their priorities – and one constant in discussions has been financial security. Simultaneously, 12 states recently passed legislation to encourage and in

2020-12-03T22:58:12+00:00November 30, 2020|Categories: Finances|

Steps You Can Take When You Can’t Pay Your Taxes

As the restaurant industry continues to struggle with the impact of COVID-19, tax bills are presenting yet another problem. Shut-downs, continuing restrictions on capacity, and added costs to protect workers and patrons have left restaurants and owners with little cash to pay income and sales taxes. Fortunately, there are payment options that can help

Are You Struggling to Pay Your Taxes?

COVID-19 has made it more difficult for many individuals and businesses to pay their taxes. While many tax relief measures passed earlier this year have expired, there are still remedies that may help minimize liability and/or delay payment. IRS: Payment Options. If you cannot pay your taxes when due, several payment options are available

2021-09-21T01:34:47+00:00October 12, 2020|Categories: NYS Tax, IRS|Tags: , , , , |

Retirement “The Golden Age” or The stressful age?

Is your retirement income shielded from income taxes and market volatility? How have your wealth-building strategies factored in the loss of capital or income in retirement due to those taxes & volatility? Most people today only focus on now. The problem is they are not looking down the road to when they would like

2020-12-03T22:58:37+00:00September 30, 2020|Categories: Finances|

Miss-Connects Waste Time and Energy

By Bruce Stout With the Zoom revolution, attorneys are reaching out to network on an unprecedented scale. Increased receivables instill a new energy to make rain. They often spend hours cultivating what they believe to be potential referral sources only to be disappointed later when no prospects materialize. Or the ones that are referred

2020-12-03T22:58:45+00:00September 25, 2020|Categories: Miscellaneous|Tags: |

COVID-19 Sheltering in Place May Lead to Tax Liability for Clients

by Karen Tenenbaum, Esq., LL.M. (Tax), CPA It is not unusual for high-wealth clients to have more than one home. It could be a vacation house, an apartment in the city used for convenience, or dual residences in the Northern and Southern U.S. for snowbirds. Individuals with multiple homes often will select their state

2020-12-03T22:58:53+00:00September 14, 2020|Categories: NYS Tax, Residency|

Selling your home while going through a divorce?

An interview with David Perry, Certified Divorce Real Estate Broker How is your role different when working with couples going through divorce rather than working with other individuals who are not experiencing a separation? Like the profession of a mediator, I am employed by both spouses. In some cases, both are in agreement that

2020-12-03T22:59:01+00:00September 11, 2020|Categories: Finances|

New York State Sales Tax Reminders

While many businesses are returning to normal, some are still struggling, and the upcoming sales tax deadline can make it feel worse. Earlier this year, businesses that were unable to meet quarterly sales tax filing and/or payment requirements due to COVID-19 were able to have their deadlines extended to June 22, 2020, and have

2020-12-03T22:59:11+00:00September 10, 2020|Categories: NYS Tax, Sales Tax|

Architects and Engineering Applications for the R&D Tax Credit

Architects & Engineering (A & E) activities is about solving a technical problem related to customer orders, or changes in product application. A & E firms routinely conduct qualifying research under contract with their clients. Neither the contract nor payments received for services under the contract will necessarily disqualify the activity from qualifying for

2021-09-21T01:48:56+00:00September 9, 2020|Categories: IRS|
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