by Aleksei Koutin on 06 Oct, 2021 - 0 comments

Reminder: If you wish to participate in the optional PTET for 2021, the deadline to opt in is October 15, 2021. PTET is a beneficial tax election without much negative effect. Basically its an official double dipping benefit for owners of pass through entities subject to tax in NYS. PTET shifts personal NYS tax from […]

by Aleksei Koutin on 25 Aug, 2021 - 0 comments

The PTET is an optional tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021. If an eligible partnership or eligible New York S corporation (electing entity) elects to pay the PTET, its partners, members, or shareholders subject to […]

by Aleksei Koutin on 11 May, 2021 - 0 comments

During the past year scammers have significantly increased their techniques to access personal PII, financial information, and other information necessary for fraudulent activity. Techniques commonly utilized by scammers include Phishing (Email), Vishing (Telephone) and Smishing (Text Messages). As Tax Season is closing, it is our responsibility to remain extremely careful when providing any personal information […]

by Aleksei Koutin on 11 Mar, 2021 - 0 comments

Did you or members of your household received state Unemployment compensation during 2020? Don’t want to get hit with a surprise Tax Bill thanks to “unexpectedly higher income”? If reply with “Yes” to both questions… perhaps it’s better wait with filing your 2020 tax returns until dust settles on the Covid relief bill, passed Wednesday by the […]