Blogs
Convenience of the Employer Rules
Why New York’s Convenience of the Employer Rule May Put a Damper on Your Plan to Work Remotely, and Avoid New York State Income Tax Thanks to the rise in remote work since the start of the COVID-19 pandemic, many people who previously commuted to work in New York are...
Carried Interest Taxed as Ordinary Income
Which Tax Changes in the Federal Government’s 2023 Budget Could Impact Private Equity and Alternative Asset Management Funds? President Biden’s FY 2023 Budget blueprint, which is commonly known as the green book, provides a detailed analysis of the tax policy...
Can New York City Partnerships or Resident S Corporations Elect to Pay Pass Through Entity Tax in 2022?
Can New York City Partnerships or Resident S Corporations Elect to Pay Pass Through Entity Tax in 2022? In 2022, New York State enacted a law which, among other changes, aligns certain provisions of the New York City Administrative Code with the New York State Tax...
Can New York City Coworking Spaces Use Membership Fees to Reduce Their Commercial Rent Tax?
Can New York City Coworking Spaces Use Membership Fees to Reduce Their Commercial Rent Tax? The short answer is yes. In September 2022, the New York City Department of Finance issued a letter, in response to a coworking company’s request to clarify this question. In...
What Should Startups Know About Regulation A+ Fundraising?
For growth-minded startups, capital is everything. Traditionally, this capital has come from angel investors, venture capital, friends, family, and frequently, from a loan or an entrepreneur’s personal funds. But in 2015, the SEC amended and expanded Regulation A, a...
Six States Plan to Tax Forgiven Student Loan Debt – How Will Borrowers be Affected?
Recently, the Biden administration launched the application process for most student loan borrowers to have up to $20,000 of their education loans forgiven. While qualifying individuals can be assured the amount of debt forgiveness won’t be taxed on their federal tax...