Castellano, Korenberg & Co.

12/10/2019

Congrats to Dennis, Paul, and our other CK members on their recent promotions! Full details here: https://tinyurl.com/sk4jbfl

04/15/2019

Congrats to our friend and colleague, Anthony Viscoso for being recognized as one of STA's "Emerging Young Professionals"!!!

11/27/2018

Giving Thanks This Year!

Keeping up with the annual tradition of collecting food items for the Thanksgiving Dinner hosted by the INN to feed the homeless, the CK team donated over 50 it...

11/19/2018

Having fun and giving back at Homecoming Farm!

On Saturday November 10, 2018, a volunteer group of 20 people lead by CK's partner Lisa Ricciardi, lend a helping hand to Homecoming Farm by spending the day cl...

11/09/2018

CK partner Lisa Ricciardi attended the Hats with a Heart Annual Clay Shoot Outing on October 22, 2018 to benefit the American Heart Association. https://tinyurl.com/ya8um795

CK partner Lisa Ricciardi attended the Hats with a Heart Annual Clay Shoot Outing on October 22, 2018 to benefit the American Heart Association.  JLL's Project ...

11/09/2018

New Payroll Tax Could Yield Potential Tax Savings For Employers


As a component of the 2018-2019 New York Budget, a new payroll tax was introduced starting in calendar year 2019. This new, optional tax is known as the Employer Compensation Expense Tax (hereafter "ECET").

This new tax is paid on employee wages and compensation earned in New York in excess of $40,000 and the rate is 1.5% in 2019, 3% in 2020 and 5% in 2021 and thereafter.

Wait - why pay an optional tax??
Yes, this is an optional tax that you have to "opt-in" for filing. This means that you'll have to file quarterly tax returns (separate from the regular NY payroll tax returns) and will be subject to similar filing exposures (late filing penalties, costs of filing, etc.).

However, under the right set of circumstances, opting into this tax can generate tax savings, as well as a perk that is marketable to potential employees, further setting your company apart from its competition.

Here at CK, we're already ahead of this optional tax and can help you look at it from a high-level view point to see if opting in is the right choice for your business.

The deadline for opting in is December 1st, so please contact us as soon as possible to start the discussion.

We advise that you contact us quickly at 516-937-9500 to discuss the proper avenue to follow so that you do not leave your company open to exposure.

Thank you,

Castellano, Korenberg & Co., CPA's, P.C.

07/31/2018

NETWORKING WITH ACCOUNTANTS - 2018 NYSSCPA NASSAU CHAPTER ANNUAL GOLF OUTING & NETWORKING...

OPEN TO ALL PROFESSIONALS! Enjoy a wonderful day of golf and networking at a majestic golf course. Rain or Shine - RSVP by August 3, 2018. Reservations are on a first-come, first-serve basis with receipt of payment. Registration: 10:30 am Shotgun Start: 12 pm Cocktail/Buffet Dinner: 5:30 pm includin...