NYS Pass-Through Entity Tax 2026 Election & Important Dates Filing season is upon us at Fuller Lowenberg & Co. and we are working diligently to prepare all of your corporate federal and state tax filings; we wanted to remind you that the New York State Pass-Through Entity...
Enacted in 2018 as part of the 2018-19 State Budget and then amended significantly in 2021, the New York State Secure Choice Savings Program (SCSP) is a MANDATORY, state-facilitated retirement program for private sector employees. With the goal of providing retirement plan options for private...
The US Postal Service issued a notice on postmarking. Read about their changes here: https://about.usps.com/newsroom/statements/010226-postmarking-myths-and-facts.htm ...
Effective March 1, 2025, the combined state and local sales and use tax rate in Suffolk County will increase from 8 5/8% to 8 3/4% . For more information, please view links below: New York State Sales and Use Tax Rates by Jurisdiction Notice ST-25-1, Suffolk County Sales...
This law has changed and the information may no longer be accurate for your situation. The Corporate Transparency Act, signed into law on January 1, 2021, expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the U.S. Beginning in 2024,...
On July 20, 2023, the New York Forward Loan Fund 2 program was announced for qualifying small businesses and nonprofits. The loan program expands the qualification criteria for small businesses hoping for a greater reach and impact across New York State. The original fund program...
The US Department of Labor has announced that four states will be subject to a FUTA Credit reduction; California, Connecticut, Illinois, and New York. These states had outstanding loans from the Federal Unemployment Trust Fund as of November 10, 2022. These loans all stem from...
As part of the Fiscal Year 2023 New York State Executive Budget legislation, $1.2 billion in funding has been allocated for the payment of bonuses for certain frontline healthcare workers. This was made available to recognize the efforts of the health care and mental hygiene...
Background The New York State Unemployment Insurance (UI) Fund is funded directly by Employer Contributions on their Quarterly Payroll Tax Returns (NYS-45). When an individual claims unemployment, NYS will pay out the benefits from the NYS UI Fund, and the respective employer will be assessed an...
New York State has announced another program designed to help small businesses that have been, and continue to be, impacted by the COVID-19 Pandemic. The COVID-19 Capital Costs Tax Credit Program has made $250 million available to small businesses that made investments to comply with...
