New York State Partnership, LLC and LLP Filing Fees

Complying with federal tax law is challenging enough with so many forms to complete. Complying with multi-state tax law is even more challenging since you have so many jurisdictions to take into account. With that said, it is easy to miss filing simple forms such as annual reports or other fees that may be due …

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New 529 Account Rules Passed with Extender Provisions

Many are aware of the last minute tax “extender” provisions passed in December, 2015. But you may not be aware of the numerous other tax provisions passed in conjunction with this legislation. One of them being relative to section 529 plans. The end of year legislation known as the Consolidated Appropriations Act (H.R. 2029), made …

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It’s About Time! R&D Tax Credit Now Permanent

The latest Tax Extenders Bill signed by the President makes the Research & Development (R&D) Tax Credit permanent. This particular credit has been extended by Congress several times over the years and many critics argued that this should be made permanent as it provides benefit to many innovative small businesses. By making this credit permanent, …

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New Tax Penalty Rules Passed with 2015 Extender Provisions

Many are aware of the last minute tax “extender” provisions passed in December, 2015. But you may not be aware of the numerous other tax provisions passed in conjunction with this legislation. One of them being relative to new tax penalty rules. The end of year legislation known as the Consolidated Appropriations Act (H.R. 2029), …

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Arizona Manufacturers and Use Tax

Understanding and comprehending tax law is often a difficult task in general. It can be even more so if you are looking towards specific applications of tax law in particular industries. Take manufacturing, for example. I have had quite a bit of questions relating to manufacturers and the applicability of use tax for them. Before …

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Pushing for Tax Reform – Permanence of Tax Legislation

The American Institute of Certified Public Accountants (AICPA) has recently been participating in U.S. House of Representatives, Committee on Small Business hearings on tax reform with the goal of ensuring that main street isn’t left behind. One area of focus in this regard has to do with the permanence of tax legislation. There are many …

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2015 Mobile Workforce Bill Still Mobile

Imagine being a small to medium size business with an employee or two that performs employment duties for you in more than one state. With each state having its own set of rules as to what constitutes working in that state, and therefore, being subject to income tax withholding and reporting requirements. Thankfully, there may …

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Pushing for Tax Reform – Retirement Plans

The American Institute of Certified Public Accountants (AICPA) has participated in U.S. House of Representatives, Committee on Small Business hearings on tax reform with the goal of ensuring that main street isn’t left behind. One area of focus in this regard has to do with retirement plans. Small businesses are especially burdened by the overwhelming …

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Pushing for Tax Reform – Cash Method of Accounting

The American Institute of Certified Public Accountants (AICPA) has recently been participating in U.S. House of Representatives, Committee on Small Business hearings on tax reform with the goal of ensuring that main street isn’t left behind. One area of focus in this regard has to do with rules relative to the cash method of accounting …

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