Tag Archives: new york
NYS and City Employers Will Soon Be Required to Provide a Retirement Plan for Their Employees
In October of 2021, New York State passed Senate Bill S5395A, modifying the New York State Secure Choice Savings Program which is a retirement savings program. This new modification requires all employers in the state and city to provide … Continue reading
NYC Pass-Through Entity Tax Retroactive to January 1st, 2022
After months of talk in Congress, the New York State legislator has decided to make the Pass-Through Entity Tax (PTET) Retroactive to January 1st, 2022. This decision was tied into the nexus bill that was signed a couple … Continue reading
Sales Tax Revenue continues to climb, Another Big Increase in July
For another month, sales tax collections in the state of New York were much higher than they were last year. It’s no secret that inflation is the main cause of the issue, forcing Americans to be cutting bigger checks for … Continue reading
Older New York Homeowners Could See Some Tax Relief
New York Governor Kathy Hochul approved important legislation this past Monday that would provide some expanded tax relief to older homeowners in the state. This new measure will allow residents outside of New York City and over the age of … Continue reading
Florida is Surging Past NY in New Business Openings, Data Shows
According to federal data, Florida saw twice as many new business openings in the state compared to New York last year. During COVID, Florida’s number of newly opened businesses surged due to the lack of prolonged lockdowns in the state, … 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
NY Plans to Suspend Gas Tax – Effective June 1st
As lawmakers in Albany came to a “Conceptual” budget agreement last week, part of that agreement involves giving New Yorkers some much-needed relief at the gas pump. Governor Hochul announced that New York State plans to suspend its gas tax… Continue reading
How to Budget for Estimated Tax Payments
May 2019
According to a March 22 Internal Revenue Service News Release, 2018 federal tax filers might be able to have any penalties for an underpayment of estimated tax removed. This could be possible if they’ve paid at least 80 … Continue reading
New York State Will Not Follow New Federal Tax Law
The NYS Department of Taxation and Finance issued a Technical Memorandum on Dec 28, 2018 highlighting the State’s decoupling from certain provisions of the federal Tax Cuts and Jobs Act of 2017. Unlike prior years, your 2018 New York State … Continue reading
Gigi Boudreaux, CPA Joins DSJ as its Newest Partner
Starting October 16, Gigi Boudreaux, CPA brings her more than twenty-five years of tax consulting and accounting experience to DSJ in Westbury, NY. Formerly a partner in the accounting firm of RAICH ENDE MALTER & CO, Boudreaux has worked extensively … Continue reading