Benefits and Other Impacts in the Inflation Reduction Act for Nonprofits
After almost a year of negotiations, President Biden signed the Inflation Reduction Act (IRA) of 2022 into law on August 16. The law, which...
Filtered by Tag: Tax
Vacation Home Tax Rules: New York State Appellate Court Rules that a Vacation Home Wasn’t a “Permanent Place of Abode” for New York State Income Tax Purposes
Good News for Non-Residents Owning Vacation Property in New York State The New York State Supreme Court, Appellate Division, Matter of Obus v New...
New York State Sales and Use Tax Update: Contractor’s Purchase of Concrete Not Exempt
The Appellate Division of the New York State Supreme Court confirmed a contractor’s purchase of concrete was not exempt from the New York State sales...
Is Your Business Eligible for a New York Tax Credit of Up to $25,000?
New York State COVID-19 Capital Costs Tax Credit Program Now Available Until Program Funds are Exhausted If you are an independently owned and...
Recent New York State Tax Law Updates: Impact on Farmers
When the New York State budget was passed this spring, there were numerous law changes included that will affect farmers in New York State. While...
The Renewed Superfund Excise Tax on Chemical Substances
A Renewed Tax Headache for Your Manufacturing or Distribution Business? At the end of 2021, effective July 1, 2022, the Infrastructure Investment and...
Remote Work State Tax Compliance: What Employers Need to Know
Yet another unpleasant side effect of the COVID-19 pandemic and the ongoing battle with its variants is the potential state income/franchise, sales,...
SALT Deduction Limit: Avoiding the $10,000 Federal Limitation in New York
SALT Deduction Limit: Avoiding the $10,000 Federal Limitation in New York Effective for tax years beginning on or after January 1, 2021, The New York...