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How Do You Qualify for a New York State Installment Payment Agreement?

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,

2021-08-23T15:23:15+00:00August 23, 2021|Categories: New York State, NYS Tax|Tags: |

2021 Employment Law Update – What Every Employer Must Know

Every year New York State’s Labor and Employment laws change with the expansion of employee benefits and new laws and regulations which are protective of employee’s rights. Employers must be aware of these changes to ensure their compliance with the laws and make sure that their employees receive the rights and benefits that the

2021-04-29T20:51:40+00:00April 29, 2021|Categories: NYS Tax, Guest Blogger|Tags: |

A Writer’s Point of View During the Pandemic

One night in April 2020, during the depths of the lockdown, Lesli Hiller was at home in New Hyde Park, watching television. “I saw something on the news about 1918 and that epidemic,” she says, “and I said to myself, ‘wait, the diary is from 1918.'” The long-forgotten canvas-bound diary—with the phases of the

2021-04-29T20:51:55+00:00February 22, 2021|Categories: NYS Tax, Guest Blogger|Tags: |

A little bit about Intellectual Property

By Richard Gearhart Intellectual property is frequently referred to as intellectual capital, meaning the intellectual assets of the business. From a legal standpoint, intellectual assets are classified into five categories: patents, trademarks, copyrights, trade secrets, and know-how. Briefly, patents protect new technology and inventions, trademarks protect brands, copyrights protect original works of expression, such

2021-04-29T20:53:05+00:00February 7, 2021|Categories: NYS Tax, Guest Blogger|Tags: |

Will COVID-19 Affect Your Clients’ New York State Tax Residency?

Reprinted with permission by the Nassau County Bar Association. The shelter in place rules imposed by many states, including New York during the coronavirus pandemic, led many to leave their homes. In New York City, residents exchanged their cramped apartments for suburban summer homes in less densely populated areas with more living space and

2021-08-26T20:58:32+00:00December 22, 2020|Categories: NYS Tax|Tags: , , |

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

2020-12-03T22:58:27+00:00October 12, 2020|Categories: NYS Tax, IRS|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|

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|

Did COVID-19 Change Your New York State Tax Residency?

If you have more than one home and COVID-19 altered certain of your activities, you could have a tax problem. Due to COVID-19, many taxpayers left one home for another home or were unable to change locations because of travel limitations. If that describes you, it could have affected your residency for state tax

2020-12-03T22:59:44+00:00July 21, 2020|Categories: NYS Tax, Residency|Tags: |
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