Tag Archives: tax
Small Tax Cap Reduction Can Result in Major Benefits
According to a report that was released last week, a small reduction in the nation’s tax gap could result in large fiscal benefits for the federal government. This new report was released with the purpose to give suggestions to both … Continue reading
NY Among Highest Property Taxes in Country, According to a Report
According to a report by the personal finance website WalletHub, NY homeowners are among some of the highest paying in terms of property taxes across the country. New York has the eight highest property taxes in the country as stated … Continue reading
Olympic Sprinter Usain Bolt Lost $12M in Tax Scam
According to the legal team of Usain Bolt, the former gold medalist was stunned when he found $12 million missing from one of his bank accounts. The account Bolt was with was a Kingston-based investment firm known as Stock and … Continue reading
Tax Break Could Be Coming for NY’s Volunteer Firefighters
Volunteer firefighters and ambulance workers across the state of New York could be in for some new tax savings this year. A much-deserved break for some of the state’s most important volunteers.… Continue reading
NY Senators Seeking to Protect Suburban Employers from Higher MTA Tax
A group of Senators is looking to protect Hudson Valley and Long Island Employers from a new proposal to increase the payroll tax to support the MTA. To generate an additional $800 million for the MTA, Gov. Kathy Hochul has … Continue reading
NY Family Tax Credits Could Expand
Since the expiration of a federal expansion of tax credits for families last year, NY lawmakers want to make it a key provision in the state. This would be meant to give increased support to families with kids younger than … Continue reading
IRS Announcement – Certain State Rebates & Payments Don’t Need to be Reported
Last week was frustrating for both filers and tax professionals. The reason for this frustration stems from tax filings being held up, due to the federal tax statuses of certain state payments. These special state payments were made by 21 … Continue reading
Biden’s $10B Credit for Clean-Energy Makers Back in the Works
Clean-energy manufacturers across the United States are rejoicing, as the Biden Administration is beginning to restart an extremely popular tax credit. As part of the Inflation Reduction Act, manufacturers of wind turbines, solar panels, fuel cells and other energy efficient … Continue reading
DSJ Advisory Welcomes New Tax Partner, Terence Coppinger!
DSJ Advisory Group LLC is excited to announce that Terence Coppinger CPA has joined DSJ CPAs as Partner-in-Charge of Tax! Terry brings with him over 30 years of Partner level leadership experience as a tax practitioner in the New York … Continue reading
Gov. Hochul Looks to Ban Menthol, and Boost Tax on Tobacco Products
New York Governor Kathy Hochul is taking a strong stance against smoking by looking to ban menthol cigarettes and boost taxes on all tobacco products. Her proposed plan comes as smoking remains a leading cause of preventable death in the … Continue reading