Tax season can be an extremely stressful time for accountants and taxpayers alike. Doing your taxes can be an extremely complicated process without the right help, and people are bound to make mistakes from time to time when dealing with … Continue reading
News & Articles
IRS Makes Changes to Earned Income Tax Credit
Last week, the IRS held its annual Earned Income Tax Credit Awareness Day to assist millions of taxpayers in taking advantage of the tax break. However, the National Taxpayer Advocate(NTA) is calling out the Internal Revenue Service saying that some … Continue reading
Gov. Hochul Announces $227B Budget for FY 2024
On Wednesday, NY governor Kathy Hochul announced the budget for the fiscal year 2024 that she will be submitting to the legislature. The budget totals $227 billion and raises a payroll tax paid by businesses in the lower part of … Continue reading
Ford Shadows Tesla in Cutting EV Prices
On Monday, Ford Motors announced it was cutting prices on its top-selling battery-powered vehicle, the Mustang Mach-E. They also said they will be increasing the production of the sport-utility vehicle. This is just one of the few signs of ever-intensifying … Continue reading
NY Proposes Bill to Ban James Dolan From Using Facial Technology to Kick People Out of Events
James Dolan is the CEO of Madison Square Garden Entertainment and is also the owner of the New York Knicks and New York Rangers. Last week, state lawmakers representing Manhattan introduced a bill to ban James Dolan from using facial … Continue reading
Avoiding Scams During the 2023 Tax Season
As the 2023 tax season is in full effect, that also means it is the prime hunting season for tax scammers, according to the Internal Revenue Service. Being able to keep an eye out for potential scams while filing … Continue reading
Consumer Spending Falls Again in December
For the second straight month, consumer spending dropped in December as consumers still continue to feel the effects of the rapid inflation we say throughout 2022. As incomes continued to rise, which reflected a strong job market, instead of continuing … Continue reading
State Senators to Reintroduce Restaurant Revitalization Tax Credit
Sens. Ben Cardin (D-Md. ), Sherrod Brown (D-Ohio) and Patty Murray (D-Wash.) are reintroducing the Restaurant Revitalization Tax Credit Act to the new 118th Congress. The legislation would create a special tax credit for those who applied for and were … Continue reading
NY Senator Calls for Gas Tax Suspension to Continue in 2023
Back in June of 2022, amid the gas price surge, Governor Hochul announced the suspension of the state’s gas tax for the rest of the 2022 year. The suspension relieved a ton of stress on drivers throughout the state providing … Continue reading
Tax Deadline April 18th, 2023
For the 2023 tax season, the IRS has pushed the tax deadline to April 18th. This is because the normal deadline date of April 15th happens to fall on a Saturday this year. The reason it is not on Monday, … Continue reading