New York Tax Help

01/10/2021

Second Round of PPP - (some) Help is on the Way!! -

The Paycheck Protection Program is reopened with $284B in Funds available for the second round of PPP. This means both previous PPP borrowers and new borrowers now qualify for the second round of PPP. some new changes Applications open on January 11th, 2021 for previous borrowers and some new borrow...

03/28/2020

Coronavirus - COVID-19 - How it affects your Taxes and Business. - https://mailchi.mp/0422a5436e92/coronavirus-covid-19-how-it-affects-your-taxes-and-business

04/13/2018

you need a new accountant bro. This is very unacceptable. Give us a buzz

04/06/2018

Can’t wait to crack open up this baby April 18th.

04/04/2018

Did your new car miss the boat?

04/03/2018

If you’ve ever considered paying employees under the table, resist the temptation. Employers may justify this practice by citing lower tax and insurance costs, reduced bookkeeping time, and competitive advantages. But some owners found guilty have had to pay steep fines and serve prison time. If the IRS determines you haven’t withheld taxes, you can be liable for as much as 100% of the federal taxes that should have been paid, plus interest and penalties. Workers who receive unreported wages don’t accrue Social Security benefits and could be subject to audits.

04/03/2018

https://www.coindesk.com/dont-forget-cryptocurrency-tax/

Great read - think about tax consequences when you decide to trade.

If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.

04/02/2018

“Ghost” employees, or fictitious workers on the payroll, often go unnoticed where internal controls are insufficient. Small businesses are vulnerable because a single person may handle all payroll tasks and is thus in a position to invent an employee and deposit paychecks in a bank account opened in the ghost’s name. Fortunately, such schemes leave traces. Paychecks with no tax or Social Security deductions, duplicate names and addresses in payroll records and higher-than-budgeted payroll expenses all deserve scrutiny. Contact us for help fighting payroll fraud.