Skip to content
HomeMy fiscal office logo

Author Archives: Ken Rogers

SALT Workaround Explained: 5 Must-Know Tax Secrets for Business Owners

The SALT deduction cap forces business owners to pay tax on their taxes—but there’s a workaround. Discover how the SALT workaround works, who qualifies, key deadlines, and why proactive planning can save entrepreneurs thousands in federal taxes.

Why Filing an Extension Might Be the Smartest Move You Make This Year

Filing a tax extension isn’t procrastination—it’s strategy. Discover how extensions can maximize deductions, reduce errors, improve cash flow, and unlock powerful tax-saving opportunities for business owners and individuals.

Revamp Your Business Structure: Take Control of Growth and Strategy

With recent tax law changes shifting how different entities are taxed, reviewing your business structure now is essential to make sure you’re not missing out on savings or exposing yourself to unnecessary risk. Choosing the right entity could dramatically impact taxes, liability, and opportunity.

Why the new rules on overtime and tips credits don’t help New York business owners

We have been getting a lot of calls from clients asking if we can change there payroll to pay them overtime or tips so they can earn tax free income under the new tax law.

The short answer is no. Here is why the new rules on overtime and tips credits don’t help business owners

Trusts: What They Are and What They’re Not

At its core, a trust is an estate planning tool, not a tax loophole. It’s a legal arrangement where one person (the trustee) holds and manages assets on behalf of another (the beneficiary). Trusts can be used to control how and when your assets are distributed, avoid probate, protect privacy, and provide for minor children or family members with special needs.

Leasing a Car for Your New York Business: Is It Tax Deductible?

Leasing a car for your business can be a smart move both operationally and financially. By understanding the rules around tax deductions and keeping thorough records, you can reduce your tax burden while keeping your business on the move. Ready to hit the road? Just make sure your paperwork is as smooth as your ride!