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New York State’s New COVID-19 Tax Credit for Small Businesses

October 28, 2022 By WFFA

Read up on New York State’s new COVID-19 tax credit for small businesses in our latest Article

New York Pass Through Entity Tax Update & How to Actually Make the Election

September 21, 2021 By Jason Ackerman

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.

Avoiding the SALT Limitation – New York Enacts a Pass-Through Entity Tax to Help Taxpayers Work Around the SALT Limitation

July 1, 2021 By WFFA

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.

Attention New Yorkers – Tax Changes Coming Your Way

April 30, 2021 By Jason Ackerman

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.

Don’t Fall for the $91 NYS Biennial Fee Scam

August 26, 2019 By Jason Ackerman

Have you received a notice about a $100 Biennial Fee for NYS? Wondering if it is legit? Send it over and let us help you determine whether it’s official before making any payments!

I Live in One State and Work in Another, How Should I Withhold Taxes from my Paycheck?

June 12, 2017 By Jason Ackerman

You need to give careful consideration to your state taxes (and the Resident Credit) when you live in one state and work in another. We take a look at this situation for a hypothetical taxpayer who commutes from NJ to NYC.


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