For a long time, there has been discussion and debate about whether an individual should be considered an employee or an independent contractor. The Internal Revenue Service and Department of Labor have a history of auditing this particular area as it has a distinction regarding payroll taxes, … [Read more...] about Contractor vs. Employee: What Are the Differences?
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Document Retention Policies for Businesses
Setting a document retention policy for a business is no simple task because, generally, there are no specific rules. In many cases, retention policies are based on years of “best practices.” What does come into play is where there is an applicable statute of limitations, a legal requirement … [Read more...] about Document Retention Policies for Businesses
Hurricane Relief From the IRS for Businesses & Individuals
Hurricanes Fiona and Ian covered several states and/or territories. They have since been declared disasters by the Federal Emergency Management Agency (FEMA). The IRS has provided relief for the taxpayers in the areas designated by FEMA. The areas that will see relief are Puerto Rico, Florida, North … [Read more...] about Hurricane Relief From the IRS for Businesses & Individuals
New – Fall 2022 Small Business Newsletter
Our latest issue of our Small Business Newsletter is full of timely and important information, including our popular Tools, Tips and Tidbits column and our Annual Payroll and Form 1099 Update to get you ready for 2023. Read/download a copy of the newsletter here. … [Read more...] about New – Fall 2022 Small Business Newsletter
Applications Now Being Accepted for NY COVID-19 Capital Costs Tax Credit Program
NY Gov. Kathy Hochul announced this week that applications are now being accepted from small businesses that have successfully completed the prescreening process to become certified for the COVID-19 Capital Costs Tax Credit Program, where small businesses are eligible for a tax credit of 50% of … [Read more...] about Applications Now Being Accepted for NY COVID-19 Capital Costs Tax Credit Program
Do You Want to Protect Your Assets? Then This Webinar Recording on Setting Up Trusts Is for You!
If you missed our "standing room only" webinar on setting up trusts as part of your estate planning, you can listen to the recording here. Adam Ohar, CPA, Principal in the Tronconi Segarra & Associates Tax Department, held everyone's attention as he spoke about the different types of trusts, and … [Read more...] about Do You Want to Protect Your Assets? Then This Webinar Recording on Setting Up Trusts Is for You!