A little more help for those impacted by soaring inflation... To reflect the increase in gasoline prices in 2022, the IRS announced an increase in the standard mileage rate starting July 1, 2022. For the period July 1, 2022 through December 31, 2022, the updated mileage rate is 62.5 cents per … [Read more...] about Mid-Year Standard Mileage Rate Increase
Tax
Pass-Through Entity Tax: 2022 Annual Election and Quarterly Estimates
The new New York State pass-through entity tax (PTET) is an optional tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021. If a partnership or New York S corporation elects to pay PTET - partners, members or … [Read more...] about Pass-Through Entity Tax: 2022 Annual Election and Quarterly Estimates
Canadians Spending the Winter in the U.S.: Tax Filing Obligations
The rules for determining whether you are required to file a tax return in the U.S. may be surprising to many Canadians that spend time on the U.S. side of the border. In addition to citizenship and residency, the U.S. also imposes taxes based on physical presence. It may be helpful to think about … [Read more...] about Canadians Spending the Winter in the U.S.: Tax Filing Obligations
NYS Pass-Through Entity Tax: Next Steps
By Joseph M. Becht, CPA, CGMA, Senior Manager The pass-through entity tax (PTET) created under new Tax Law Article 24-A is an optional tax that eligible New York S corporations and partnerships may annually elect to pay on certain income for tax years beginning on or after January 1, 2021. If … [Read more...] about NYS Pass-Through Entity Tax: Next Steps
Special Edition of our Quarterly Small Business Newsletter
Read our new quarterly small business newsletter here for key information and updates you won't want to miss, plus our annual 1099/Payroll update AND a fun Holiday puzzle for those who enjoy a little challenge every now and then. As always, feel free to contact your Tronconi Segarra & Associates … [Read more...] about Special Edition of our Quarterly Small Business Newsletter
Webinar Rewind: Remote Workers -Their Impact on the business and Employee
If you missed our webinar with Employer Services Corporation on remote workers, you can listen to it on our YouTube channel here. Download the slides here to follow along. … [Read more...] about Webinar Rewind: Remote Workers -Their Impact on the business and Employee