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September 17, 2021 What is a Pass-through Entity Tax? A pass-through entity tax (PTET) enables the members of the eligible partnership or S corporation to make estimated tax payments to lower the federal taxable income that flows through the entity onto the individuals tax returns. Who is eligible? Public partnerships other than publicly traded partnerships, …
If the bill is to be passed in the house and signed by President Biden, the Employee Retention Credit (ERC) will be ending sooner than expected.
Did you work remotely in 2020? Have you received a notice asking to verify your residency status & personal income allocation from the NY Tax & Finance Department?
How much is the Advanced Child Tax Credit and do I qualify?
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, …