Businesses in New York must clearly state the higher credit card price of an item and limit their surcharge amounts after an updated law goes into effect.
Author Archives: Ken Rogers
Convenience of Employer Rule And Taxes
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
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Given that every penny withdrawn from an inherited traditional IRA is counted as taxable income you need to be strategic in how you will time your withdrawals,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 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.
Why you should hire businesses instead of people as contractors in New York
Hiring folks on an ad hoc basis might seem convenient, especially because it is less costly as there are no payroll systems, additional taxes like social security, medicare, workers comp, and disability insurances. It’s a bit of a headache, especially in the costly realm of New York State.
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.
When does a child need to file a return?
Did you know that the IRS treats everyone equally when it comes to taxes, regardless of age? So, if your child is making some cash from their summer gig, crushing it on Roblox, gaining traction on YouTube, or even exploring the stock market with a youth trading account, it’s crucial to keep the taxman informed if they cross certain income thresholds.
What to do when You Can’t Pay Your Taxes
Discover practical solutions for unpaid taxes in our blog, “What to do when You Can’t Pay Your Taxes.” Learn about IRS programs, including installment agreements and offers in compromise, with real-life client stories. Explore online payment plans and negotiation strategies for a fresh start. Subscribe for free monthly tips and checklists, ensuring financial confidence in the face of tax challenges.