CPA Chat

With Joe Biden as president and the Democrats in control of both chambers of Congress, we should expect changes coming to the federal tax law. President Biden has promised a […]

COVID-19 made one thing certain for businesses … having an up-to-date, easy-to-navigate, website is essential. Now, more than ever, businesses must have multiple ways to engage customers and bring in […]

Recent changes to the depreciation rules provide potential tax benefits to real estate professionals. Recently enacted legislation fixed the mistake made by Congress, known as the ‘retail glitch’. This change, […]

With many working remotely for nearly a year now, some business teams continue to struggle with how to keep communication, collaboration, and comradery alive and well, when physically separated from […]

Small businesses are facing challenges during this most recent round of applications for Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans. As members of the AICPA, we are […]

Contributing: Shirley Hu, CPA and Allesan Palumbo, CPA As property owners and operators prepare applications to contest their 2021/22 Tentative Assessed Property Value with the New York City (NYC) Tax […]

My colleague Richard Goldstein and I worked on an alert for clients on identical bills currently in committee in the NYS Assembly and Senate that, if passed, would raise the […]

You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules make it hard for many people to qualify. […]

A common tax misconception is the belief that because a transaction is tax free (really, tax deferred) for federal tax purposes the states will tag along and not subject the […]