Boyer 2 Accountants Inc. Blog
Topics & tips about accounting, taxes, business, personal finance, and more!
Relief to Business Owners
The State of New York should immediately suspend the sales tax due, March 20, 2020, in order to give business owners, particularly restaurants, bars and those businesses forced to close, via state mandate, immediate relief. All of us feel terrible for those establishments we’ve done business with for so many years. They need this relief,
Retirement Planning: Why it’s not so bad to be a Resident of New York after all
As residents of Westchester County there are many options for assisted living and nursing home facilities in nearby CT. However, there are tax reasons you may want your loved one to reside in New York. In New York all Social Security Benefits are subtracted in arriving a taxable income. CT taxes a large portion of
Deadline approaching for Self-Employed Retirement Plan Contribution
Simple Contributions Timing “When do I need to make my SIMPLE Retirment Contribution by for 2019”? Salary reduction contributions to a SIMPLE must be made to the financial institution no later than January 30. Benefits “How much can I contribute to my SIMPLE IRA”? A SIMPLE is a good alternative for a self-employed individual as an
New York State just implemented a tax that might put Vape Shops out of business
BACKGROUND: Vapor product manufacturers such as Juul Labs, as well Marlboro maker Altria Group’s Nu Mark have become the hot topic of conversation over the Thanksgiving table due to the increasing nationwide respiratory illness developed by young adults through inhaling a nonflammable liquid and, or gel with or without nicotine that are manufactured into a
Did you owe taxes this year? Here’s how to adjust your tax withholding (Step-By-Step Instructions)
As you’ve seen in our past blogs, the changes to the tax law under President Trump are affecting many Americans withholding’s this tax season. Many American’s are under withheld and in result seeing more in their paycheck but less come back in April. While you can’t go back in time and change your W-4 for
Summer Camp tax breaks and deductions
We hope that you are all enjoying your summer! Summer is a fun season for everyone, especially the kids. But with school not in session until September, it can present challenges for many regarding childcare. Working parents either opt to find someone to watch the kids during the day or send their children to summer
