May 2021 Cross-Border Newsletter

Read a PDF of the newsletter here. Important links from the newsletter: Virtual Expansion Planning with the Experts – Registration (gotowebinar.com) Expansion Into the U.S. Through Acquisition. Part Two:  Finding Your Target Company Registration (gotowebinar.com) Two Breaking Maryland Tax Updates: Sales Tax on Digital Products & Digital Advertising Tax Two breaking Maryland tax updates: Maryland […]

Succession Planning and Selling or Buying a Business During COVID-19

If you missed the Niagara University Family Business Center live webinar featuring Jim Segarra, Managing Partner of Tronconi Segarra & Associates discussing succession planning and selling or buying a business in the COVID-19 era, you can download the slides that he and Jamie Batt, Partner at Rupp Baase Pfalzgraf Cunningham Attorneys at Law , presented […]

Start Planning Your Expansion into the U.S. Now!

Hit the ground running when the U.S. – Canada border reopens and expand your business into the U.S.! Experts, including our own cross-border expert David Lever, CPA, will be providing you with best practices, tips and how-tos at our upcoming June 1st webinar. Scheduled topics include incorporation, immigration, accounting, banking and more – what you […]

April 2021 Newsletter

Click here to download a PDF copy of our April newsletter, including information about the May 4th webinar featuring our Managing Partner, Jim Segarra, discussing business succession planning, as part of the Niagara University Family Business Center Forum Series. Links to webinar registration and articles: Business Succession Planning Advice in the Era of Covid-19 – […]

Employee Retention Tax Credit Provides Significant Financial Relief

This is just one example of how we’ve been able to help our clients with the Employee Retention Tax Credit (ERTC), and what a significant difference it can make for a business or not-for-profit organization. Many businesses/organizations think they are not eligible for the ERTC; but new guidelines are in effect, and you may be […]

New York Treatment of Unemployment Compensation

The New York State Department of Taxation and Finance recently updated their New York State tax implications of recent federal COVID relief webpage, adding the following FAQ to their list of Frequently Asked Questions about how the State will treat specific relief provisions for tax purposes. The federal American Rescue Plan Act of 2021 includes a […]

Tax Increases Highlight FY 2022 New York Budget

On Wednesday, April 7, 2021, the New York State legislature passed a $212 billion budget bill for the 2022 fiscal year. The enacted budget legislation (the “budget”) includes the following tax increases for both businesses and high-income individuals: Increases the business income tax rate from 6.5% to 7.25% for tax years starting on or after […]

In case you missed it…all about the Employee Retention Tax Credits

Find out if you qualify for these “hidden-gem” tax credits, offered as part of the Federal CARES Act to help offset the negative impacts to businesses from COVID-19. The ERTC experts at Tronconi Segarra & Associates can help you determine your eligibility and how to claim these credits on your tax return. To help you […]