We love being in New York City, but running a business here can get expensive. That means we want to take advantage of legitimate tax deductions wherever they are available. For business owners who work from home, the NYC home office deduction can be one of them. When you rent your apartment, the basic calculationContinue reading “NYC Home Office Deduction for Condo and Co-op Owners”
Category Archives: NYC-Specific Rules
The NYC Freelance Isn’t Free Act Explained for Business Owners
The NYC Freelance Isn’t Free Act affects many New York City businesses that hire freelancers, consultants, designers, writers, photographers, developers, marketers, and other independent contractors. At its core, the law is fairly straightforward: put qualifying freelance agreements in writing, clearly state when the freelancer will be paid, and then pay them on time. That mayContinue reading “The NYC Freelance Isn’t Free Act Explained for Business Owners”
How NYS Voluntary Disclosure Saved Our Client $13,000
The NYS Voluntary Disclosure Program can give an eligible business owner a way to correct past tax problems before the Tax Department contacts them. In one recent case, we used the program to help a New York City business address 21 unfiled sales tax returns, avoid nearly $13,000 in penalties, and create a manageable planContinue reading “How NYS Voluntary Disclosure Saved Our Client $13,000”
NYC Employee Hiring Checklist for Business Owners
Hiring your first employee is a big step. It also comes with more paperwork than most business owners expect. This NYC employee hiring checklist will help you organize the federal, New York State, and New York City requirements that generally apply when you hire a W-2 employee. The goal is not merely to get someoneContinue reading “NYC Employee Hiring Checklist for Business Owners”
NYC Paid Sick Leave Laws: What Small Business Employers Need to Know
If you have employees working in New York City, NYC paid sick leave laws are not something to leave on autopilot. The rules have changed over time, and the 2026 updates added new responsibilities that many small business owners may not have fully built into their payroll systems, handbooks, or employee notices yet. Sick leaveContinue reading “NYC Paid Sick Leave Laws: What Small Business Employers Need to Know”
New York City S Corp: Is an S Corp Really Worth It for Your Business?
If you’ve been researching a New York City S Corp, you’ve probably seen articles claiming an S Corp election can save thousands of dollars in self-employment taxes. While that’s often true, business owners in New York City need to look beyond the federal tax savings. New York City has its own business tax rules thatContinue reading “New York City S Corp: Is an S Corp Really Worth It for Your Business?”
New York Department of Labor Audits: What Every NYC Business Owner Needs to Know
Running a business in New York City comes with no shortage of challenges. One issue that catches many business owners off guard is a New York Department of Labor Audit. Whether you’re hiring employees, independent contractors, or a combination of both, understanding worker classification rules can help you avoid costly penalties, back taxes, and complianceContinue reading “New York Department of Labor Audits: What Every NYC Business Owner Needs to Know”
NYC Sales Tax Compliance: What Every Business Owner Should Know
When starting or running a business in New York City, there are countless regulations to manage. One area that frequently causes confusion is NYC sales tax compliance. While many business owners understand that sales tax applies to physical products, fewer realize that certain services are also taxable in New York State and New York City.Continue reading “NYC Sales Tax Compliance: What Every Business Owner Should Know”
NYC Minimum Wage and Salary Requirements: What Small Business Owners Need to Know
Hiring employees is an exciting milestone for any growing business. However, understanding NYC minimum wage and salary requirements is critical to staying compliant and avoiding costly penalties. While many business owners are familiar with minimum wage laws, fewer understand the salary requirements that determine whether an employee can legally be classified as salaried and exemptContinue reading “NYC Minimum Wage and Salary Requirements: What Small Business Owners Need to Know”
NYC business Tax: How to Reduce When Your Profit Exceeds $90,000
If you’re looking for ways to reduce NYC business tax, you’re not alone. Many New York City business owners are surprised when they discover they’re paying an additional city-level business tax on top of their federal and state tax obligations. The good news is that there may be opportunities to legally reduce or even eliminateContinue reading “NYC business Tax: How to Reduce When Your Profit Exceeds $90,000”