article thumbnail

Beware of Overly Optimistic Projections Used to Value a Business

RogerRossmeisl

A recent New York statutory appraisal case provides a cautionary tale worth considering. The post Beware of Overly Optimistic Projections Used to Value a Business appeared first on Roger Rossmeisl, CPA. Unrealistic projections sink experts analysis In Magarik v. Kraus USA, Inc., The shareholders expert.

New York 264
article thumbnail

ZBS Group Acquires Saul Rosenberg CPA in New York

CPA Practice

Plainview, NY-based accounting firm ZBS Group has acquired fellow New York-based firm Saul Rosenberg CPA, effective Nov. West Islip, NY-based Saul Rosenberg CPA provides accounting and tax services to a wide variety of professional clients in the greater Long Island and New York City metropolitan area.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New York Considers New Taxes on Guns and Ammunition

CPA Practice

Firearms and ammunition are already subject to New York sales tax. If New York State Senate Bill 7733 is enacted, it will place an additional excise tax on the sale of firearms and ammunition in the Empire State. Will New York tax all guns and ammunition? By Gail Cole. This could be every two years or more.

New York 133
article thumbnail

KSM Adds Shanholt Glassman Klein Kramer & Co. in New York

CPA Practice

Top 60 accounting firm KSM (Katz, Sapper & Miller) has expanded its presence in New York after acquiring Shanholt Glassman Klein Kramer & Co. SGKK), a New York City-based CPA firm with a focus on the real estate industry, effective Oct. Financial terms of the deal weren’t disclosed.

article thumbnail

New York Minimum Wage to Increase Starting in 2024

CPA Practice

The minimum wage will increase to $16 an hour in New York City and Westchester, Nassau and Suffolk counties and to $15 an hour in all other areas of the state on Jan. For Upstate New York, that’s an increase of 5.6% The raises could be stopped in any year when the inflation index shows prices are falling, the News said.

New York 119
article thumbnail

Federal Court Shuts Down New York Tax Preparer

CPA Practice

A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, tax return preparer.

article thumbnail

California and New York Are Losing More Residents to Low-Tax States, IRS Says

CPA Practice

That idea is supported by migration data, recently released by the IRS, showing that taxpayers are leaving notoriously high-tax states like California and New York and choosing to live instead in low-tax states. New York and California gained some residents, but far fewer than the numbers lost. billion in AGI to Texas.

New York 125