You need to thoroughly understand what you are reading before you sign a commercial real estate lease in New York. Many of the items in the agreement may be unfamiliar to you and can result in committing yourself to an unfair or lopsided agreement. Unfamiliarity with...
Tax Law
Using value-based succession to reach tax and financial goals
If you have your values in order, the rest tends to fall into place. By basing your business succession in New York primarily on a few key value-related considerations, you'll make conditions ideal for the most positive outcome from the transition. Having a successful...
FDIC issues new requirements for crypto-related activities
Any institute under Federal Deposit Insurance Corporation supervision considering engaging in a crypto-related activity needs to notify the FDIC. Institutes need to explain their intent by giving information to the FDIC in Massapequa, New York. The FDIC wants open...
Tips for handling an IRS corporate audit
In New York, an IRS corporate audit is required to review the accuracy of a business's financial activities. This includes a detailed review of tax returns and accounting documents that accumulated over the past several years. There are several methods recommended to...
Green businesses may get tax credits
Business owners in Long Island and other parts of New York may want to learn more about the current credits they can receive if you are a green business. In addition to this, there are tax exemptions for sales related to green equipment. Per the New York State...
What additional taxes are businesses responsible for paying?
Starting your own business is an exciting venture that can give you a huge sense of accomplishment. If you own a business in New York, it may be subject to certain taxes. You should know what to expect so that you’re in compliance with the law and there are no...
Three advantages of an LLC compared to a corporation
A limited liability company (LLC) is a good choice for entrepreneurs in New York who are new to owning a business and are in an industry that is susceptible to lawsuits. This type of business structure protects you from personal liability when someone sues the...
Biden calls for higher corporate taxes to pay for infrastructure
Companies in New York and around the country will face higher tax bills if a $2 trillion infrastructure plan unveiled by the Biden administration on March 31 is approved by Congress. President Biden says that the country’s crumbling roads, bridges, airports and power...