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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.

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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.

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IRS Extends Some Tax Filings For New York, Connecticut Flood Victims

CPA Practice

The extended deadlines are limited to flood-damaged areas of Fairfield, New Haven and Litchfield counties in Connecticut, as well as Suffolk County in New York that sustained damage in the historic Aug. The Federal Emergency Management Agency identification number for Connecticut is 3612-EM and for New York, it’s 3613-EM.

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What New York-Based Tech Companies Should Know About QETC Filings

Shay CPA

The state of New York offers some serious tax perks for tech startups operating within its borders. Plus, your company will qualify for a lower corporate tax rate on your New York State taxes. If you set up your corporation in Delaware, for example, but you have a New York location, you can still qualify.

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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.

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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.

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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.

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