New York state has finally answered our questions regarding the new Pass Through Entity Tax (i.e. the SALT workaround), which can help you decrease your tax bill. The election to opt in to this new tax must be made by October 15th, 2021. This article will walk you through exactly how to make the election on the NYS website.
With a little over four months remaining until you can begin filing your 2021 tax return, now’s the time to kick your tax planning into high gear.
This year, summer means more money for you thanks to the child tax credit advance payments. Learn about this and more in our newsletter.
Included in this month’s newsletter are several ideas to help you reduce your tax bill.
The limitation on the deductibility of state and local taxes (“SALT”) at $10,000 was part of the Tax Cuts and Jobs Act back in 2017. Learn about New York’s pass-through entity tax to help you work around it.
In June’s newsletter, find out why knowing this number is so important and discover tax tips for small businesses.
To celebrate finishing your tax return, test your knowledge of tax history with our quiz and read our helpful hints to make paying bills less stressful.
Read about the American Rescue Plan Act of 2021 and its updates to the the Child and Dependent Care Credit in our latest blog post.
New York state has revealed its new budget, along with several tax changes. We cover the tax highlights that may be relevant to your wallet and your business.
In April’s newsletter, read about how the new tax laws affect both your 2020 and 2021 tax returns.