The housing market has been rapidly cooling down. This is due in part to the massive uptick in home prices, which have been seen nationwide, especially this past June. The average price of a home in June has reached a … Continue reading
News & Articles
New York Law Makers Calling for a 2-Year Sales Tax Holiday
As the ongoing battle with inflation across the country continues, lawmakers are trying everything to slow its effects and provide some much-needed relief for consumers. This past Wednesday, New York State Republican lawmakers called for a 2-year tax holiday that … Continue reading
The Fine Print Cost a Widow a $464,000 Tax Deduction
In 2014, a Widow lost big on a $464,000 tax deduction for a gift to a museum due to her tax paperwork lacking a few key words that were needed to validate the deduction. This was decided on in a … Continue reading
New Tax Rule – Could Give Second Home Market a Big Boost
The secondary home market in New York just got a massive lift. The new decision from the New York State Supreme Court Appellate Division has big news for anyone who has a second residence in the state of New York, … Continue reading
Who Invented Accounting? – DSJ History Lesson
The entire world and its economy would not function the way it does currently if not for the concept of accounting. Somewhere along the way, this concept had to have been invented. But when and by who? In this article, … Continue reading
NYC Takes Tax hit from Bear Market
As of the last couple of months, the stock market has taken a massive decline, seeing the S&P 500, and DOW Jones, among other being down week after week. NYC’s estimated personal income-tax payments in June declined to their … Continue reading
2% Property Tax Cap Set for New York in 2023
For the fourth time since 2019, New York’s property tax cap will be 2%, for 2023. The property tax limit is set to the rate of inflation or at 2% whichever is lower. Since we are experiencing soaring inflation rates, … Continue reading
US Government Could have saved around $2B Giving EV Buyers Cash Instead of Tax Credit, According to a Study
As it stands, when a buyer purchases an electric vehicle (EV), they can receive up to a $7,500 tax credit rebate on their taxes when they file them in April (pending they meet requirements). However, George Washington University conducted a … Continue reading
Inflation Rises to 9.1% in June, Highest since November 1981
Inflation has been a huge topic of conversation across America for some time now, and it doesn’t look like that is going to change. The Bureau of Labor Statistics’ Consumer Price Index (CPI) reflected a year-over-year increase of 9.1% last … Continue reading
ERC – You May Still Be Eligible!!!
Government regulations can often be confusing and intimidating, especially as there have been so many changes made to their rules and deadlines. This is currently happening with the Employee Retention Credit. Past this, research conducted by the National Federation of … Continue reading