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Important! Law update for all employers in NYS

On April 12, 2018, Governor Andrew Cuomo signed the New York State 2019 Budget bill, which contains, among other things, provisions regarding sexual harassment claims and policies in the workplace. EFFECTIVE IMMEDIATELY: Under the New York State Human Rights Law, liability will be imposed on employers for permitting sexual harassment against non-employees, including contractors, subcontractors, vendors, and others […]

Tax Alert

There are new rules regarding sales tax collection and remittance for out of state sales. Up until June 21, 2018, registration is required only of remote sellers that have physical presence in a state. On that date the U.S. Supreme Court decided in the South Dakota v. Wayfair, Inc. case that a new type of nexus was needed. Retailers with no physical […]

The IRS “Paycheck Checkup”

Launching a special week of activities the IRS today continued its effort to encourage taxpayers to do a “paycheck checkup” to make sure they have the right amount of tax taken out of their paychecks for their personal situation. To help taxpayers understand the implications of the Tax Cuts and Jobs Act, the IRS unveiled […]

ALERT FROM WASHINGTON

The IRS and partners in the Security Summit effort on January 17 warned that the upcoming tax season could bring a “new surge” in the Form W-2 phishing scam. The Form W-2 scam has emerged as one of the most dangerous phishing emails in the tax community. The scam involves cyber-criminals tricking payroll personnel or […]

New York State Legislative Changes

New York – Sales & Use Taxes Tax exemption for New York alcohol tastings. L.2017 , A6945 (c. 418), effective 03/01/2018, provides an exemption from sales and use tax for tastings (beer, cider, or liquor) held by a licensed brewery, cider producer, farm cidery, distillery or farm distillery. The bill was enacted to create uniformity across […]

Stock Market Worries

As you all most likely are aware of, we have seen a major correction in all of the major stock indices. At this time we believe that investors should keep a cool head and review their portfolio. If you would like to discuss your concerns and your portfolio with us please feel free to contact […]

IMPORTANT: EMPLOYERS BEWARE!!

Acting Deputy Director of Immigration and Customs Enforcement (ICE) Thomas D. Homan recently announced that the agency (ICE) will quadruple the number of Form I-9 on-site worksite inspections in the coming year. If an employer receives a Notice of Inspection, ICE will request their employee records. Most importantly their Forms I-9 for each employee must […]

2018 Percentage Method Tables for Income Tax Withholding

Click here to view copies of the 2018 Percentage Method Tables for Income Tax Withholding

Upcoming Tax Dates & More!

TAX DATES : January 31 Businesses provide Forms W-2 and most 1099s to employees and other payees. File Forms W-2 and 1099-Misc Reporting non employee compensation in box 7 with the SSA and IRS, respectively. Employers file form 941 for fourth quarter or For 944 for 2017. Employers file form 940 for 2017 Farm Employers […]

New York States Paid Family Leave Program

Starting January 1, 2018, the New York State Paid Family Leave Program will provide New Yorkers job-protected, paid leave to bond with a new child, care for a loved one with a serious health condition or to help relieve family pressures when someone is called to active military service.   This premium for this insurance […]