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 ...
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...
In April 2022, New York State passed its fiscal State Budget Bill which included significant changes to the Pass-Through Entity Tax. Below is a summary of changes that will take effect both this year and for 2023. NYS PTET Extension Deadline Subsequent legislation has now changed the...
The New York State 2022-2023 Fiscal Year budge has included a one year, $2.2 billion program that will help taxpayers offset some of the financial pressure from the coronavirus pandemic and inflation. The process for mailing out these checks has already started, and some taxpayers...
Earlier this year, New York State enacted an optional pass-through entity tax ("PTET") which can be used as a possible workaround for owners of passthrough entities effected by the $10,000 limitation of State and Local Taxes ("SALT") passed under the Tax Cuts and Job Act...
SBA Paycheck Protection Program - Direct Forgiveness Portal The SBA has officially launched a streamlined application portal to allow businesses with a Paycheck Protection Program (PPP) Loan of $150,000 or less to apply for forgiveness directly through the SBA. The Direct Borrower Forgiveness process is an...
Beginning July 15, 2021, the IRS will automatically begin to distribute equal, monthly payments as an advance of the 2021 Child Tax Credit that would normally be received when filing your 2021 Individual income tax return. Under the American Rescue Plan Act, if you claimed...
New York State Emergency Rental Assistance Program (ERAP) Are you or your tenant behind on rent payments? Then the New York State Emergency Rental Assistance Program could provide significant economic relief. This program is designed to help low and moderate-income households at risk of experiencing homelessness...
Pandemic Small Business Recovery Grant Program New York State has granted permission to Empire State Development, the state’s primary business-aid agency, to begin accepting applications and making more than $800 million available in grants for small-businesses. The window to apply for this grant has been open...
Charge Ready NY Rebate New York State Energy Research & Development Authority (NYSERDA) Charge Ready NY is offering rebates of $4,000 to public and private organizations that install Level 2 Electric Vehicle (EV) charging stations at public parking facilities, workplaces, and multifamily apartment buildings. The rebate...
