Remote work has become more popular in recent years. While remote work is nothing new, the rise in the number of people working remotely has become an issue when it comes to collecting taxes. As a result, some states have adopted the convenience of the employer rule or something similar. We’ll cover everything you need to know about the convenience of the employer rule as it continues to take shape
Author Archives: Ken Rogers
Tax Planning with Inherited IRA
Given that every penny withdrawn from an inherited traditional IRA is counted as taxable income you need to be strategic in how you will time your withdrawals,
A New Federal Overtime Rule and What is Different in New York
Eligibility for overtime expanded to include more white-collar workers. Now more of your workers might be eligible for overtime pay.
Big Changes in Taxes are Coming
I’m sure you’ve enjoyed the lower tax brackets introduced by the Tax Cuts & Jobs Act in 2017. However, many people aren’t aware that the rules of the TCJA will potentially sunset at the end of 2025.
Navigating a Recession or Market Correction
This checklist is really helpful for navigating a recession or market correction. It includes strategies that are especially useful when market valuations are low, like Roth conversions and gifting strategies. Plus, it offers ways to handle tighter cash flow. By focusing on these strategies, you can steer the conversation away from concerns about the future and towards opportunities to make the most of the current market conditions.
Navigating Cash Flow Challenges in Your NY Small Business: A Practical Approach
Cash flow woes – they can be a real headache, right? Through my years of working with clients, I’ve noticed that these problems usually boil down to two main issues. Either there’s a fundamental flaw in the business model, or it’s a matter of timing. Whenever I step in to assist clients, these are the key areas I focus on. And let me tell you, I always keep debt as the last resort.
Clean Energy Tax Credits
We are already getting a lot of questions about the various energy related tax credits. Below you will find a summary to help you complete your tax portals this year.
Navigating Cash Flow Challenges: Tips for New York Small-Business Owners
At My Fiscal Office, we’ve seen many business owners struggle and identified recurring themes that might sound all too familiar.
Demystifying the R&D Tax Credit
There have been many updates to the Research and Development (R&D) tax credit. And with that comes more internet articles, more R&D Tax Credit marketing and more just plain wrong Tic-Toc-Tax advice. Our clients are not immune to this noise, so we put together this R&D tax credit post to provide the real information.
Understanding Gift Taxes: A Simple Guide for Generous Hearts
Understanding Gift Taxes: A Simple Guide for Generous Hearts. Even if you probably will never have to pay gift taxes, it’s worth getting the answer to common questions we get about this widely misunderstood IRS provision.