Blogs

Much to the dismay of taxpayers in high-tax states, 2017’s Tax Cuts and Jobs Act created a $10,000 cap on an individual’s itemized state and local tax (SALT) deductions. In response to this limitation, 27 states, including California, New York, New Jersey, and Connecticut, have implemented ...

If you’re starting a new business, one of your earliest, and most important considerations is picking the legal entity that best suits your endeavor. There are a handful of options available, each of which comes with distinct compliance requirements, tax considerations, and overall levels of ...

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

Which Tax Changes in the Federal Government’s 2023 Budget Could Impact Private Equity and Alternative Asset Management Funds?

Can New York City Partnerships or Resident S Corporations Elect to Pay Pass Through Entity Tax in 2022?

Can New York City Coworking Spaces Use Membership Fees to Reduce Their Commercial Rent Tax?

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.

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 returns, not all states have ...