How Do You Qualify for a New York State Installment Payment Agreement? Do you owe taxes to New York State but cannot afford to pay it off at once? You may qualify for a New York State Installment Payment Agreement (IPA). An IPA allows you to pay off your total tax liability in monthly installments,
Where Did You Work During COVID for New York State Tax Purposes? Were you one of the lucky people who got to work from home because of COVID? Do you understand the possible tax implications? If you live and work in different states, you may be subject to taxation in more than one state.
As you are hopefully aware, in April 2018, Governor Cuomo signed into law a comprehensive policy requiring all New York State employers to provide sexual harassment prevention training and a sexual harassment prevention policy to all employees. The Governor tasked the Department of Labor (“DOL”) and Division of Human Rights with promulgating the exact requirements,
EMPLOYMENT LAW UPDATE: New York State’s Paid Family Leave Law By: Jeffrey Naness Overview Employers of all sizes should start preparing for New York’s Paid Family Leave Benefits Law (the “NYPFL Law”). The NYPFL has two components, (1) a provision entitling employees to (partial) wage substitutes while they are out on a covered leave and
3 Ways to Simplify Your Financial Life When life gets busy it’s easy to become more passive about managing your bank accounts and credit cards by letting receipts, bills and statements pile up. Even if you regularly keep up with your finances, it can be beneficial to take a fresh look at them. Simplify your
It is very easy for businesses to sell goods and services online to anyone anywhere. Unfortunately many companies don’t realize that they could be obligated to collect and remit sales tax to one or more states. Failing to collect and/or remit sales tax can lead to serious consequences. The New York State Department of
In January 2016, a new set of laws will go into effect in New York State. It is expected that these new laws will add a level of predictability and consistency to post judgment maintenance awards in New York divorce cases. The new maintenance laws adopt a formulaic approach to calculating post judgment maintenance awards.
Many Long Island CPAs have clients who are being audited or are at risk of a New York residency audit. Last month several attorneys from the firm presented at the National Conference of CPA Practitioners, 2015 Long Island Tax Professionals Symposium. Our topic was “Two Castles, One Home: The View from Albany on Residency Audits.” Several
It is important for taxpayers to understand what their tax liabilities will be for the year and to undertake efforts to lower their tax bill for the year. While certain deductions may be done after the close of the year (primarily contributions to retirement accounts), most tax planning strategies will need to be executed prior
Last month, husband and wife taxpayers prevailed in court on a NYS residency matter. The case is an interesting development in an area that is a big moneymaker for the State. At a minimum, the decision is important to note for taxpayers who claim a change in domicile during a tax year. For their 2008 tax