Blog
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Infrastructure Investment and Jobs Act New Cryptocurrency Reporting Requirements
January 10, 2022New Cryptocurrency Reporting Requirements
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IRS Announces Relief for Employers who Took Employee Retention Credit for Fourth Quarter 2021 Wages
December 13, 2021IRS Announces Relief for Employers who took Employee Retention Credit
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Revisions to New York State Filing Requirements For Nonprofit Organizations
December 1, 2021We have good news for local nonprofit organizations. This is important information for both employees of nonprofits and board and committee members.
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Biden Signs $1 Trillion Bipartisan Infrastructure Bill into Law
November 16, 2021President Joe Biden signed the $1.2 trillion “Infrastructure Investment and Jobs Act” into law on November 15th, 2021.
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IRS Provides Additional Guidance on the Employee Retention Tax Credit
August 12, 2021Recent guidance on the Employee Retention Tax Credit has been released by the Treasury Department and IRS. Read Sam Torchia’s responses to critical questions that came out of Notice 2021-49 here.
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New York Budget Bill Includes COVID-19 Relief Package Aimed to Help Small Businesses
April 19, 2021New York’s recently passed budget includes $800 Million in cash assistance for small businesses and for-profit independent arts and cultural organizations who have experienced economic hardship during the COVID-19 pandemic. The program will be administered by the Empire State Development Corporation.
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The IRS Tax Deadline Has Been Extended to May 17th
March 18, 2021 -
Whats Included in the American Rescue Plan
March 12, 2021The American Rescue Plan is meant to provide relief for individuals and businesses struggling due to COVID-19 as well as to achieve other priorities of the Biden Administration. In this article we highlight some of the key provisions.
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Valuing Real Estate Partnerships
March 2, 2021Rental real estate can seem like a very simple business. There is a piece of property. This property gets leased to tenants that pay rent to the property owner. The property owner then pays expenses (taxes, utilities, repairs, etc.), likely pays the bank, and then keeps what is left. Although it seems simple, there are a large number of iterations of this scenario that play out in reality.
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Cannabinoid Hemp Product Requirements to be Sold at Retail
February 9, 2021Back in October, Governor Cuomo announced proposed regulations for cannabinoid hemp products. Per legislation signed earlier this year by Governor Cuomo, the New York State Department of Health is creating a Cannabinoid Hemp Program. The program intends to license cannabinoid hemp processors and retailers and set quality control standards for all cannabinoid hemp products.
