Webinar: Savings Through Sales Tax Utility Studies #2
Did you know that utilities such as electricity and natural gas used by New York manufacturers during the production process are not subject to sales or use tax? A utility tax refund study could identify whether your manufacturing business has inadvertently paid tax on utilities used in the production process and could result in significant […]
Webinar: Expanding Through Acquisition #2
Last month, our partner, Mark A. Ferm, CPA, presented “Expanding Through Acquisition,” a webinar designed to assist businesses looking to grow via acquiring another business. To listen to a recording of his webinar packed with valuable information and tips, visit our YouTube page. View the webinar slides here as you listen to the recording. Feel […]
New Webinar: Sales Tax Utility Studies & Savings
Electricity and natural gas used in the production process by manufacturers in New York State are not subject to sales or use tax, which can add money to the bottom line. Sounds simple enough; but calculating the amount of exempt energy used in the production process can be complicated, requiring knowledge of New York State […]
Form 1099-K – Big Changes for 2022 #2
Form 1099-K, Payment Card and Third-Party Network Transactions is an IRS information return used to report transactions made via payment settlement entities. If a business accepts payments via credit card, debit card and third-party payment networks like PayPal, they will receive a Form 1099-K for the year. For 2021 and prior years, each payment settlement […]
Pass-Through Entity Tax: 2022 Annual Election and Quarterly Estimates #2
The new New York State pass-through entity tax (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 a partnership or New York S corporation elects to pay PTET – partners, members or shareholders […]
New York Expands Excelsior Jobs Program for Green Projects #2
The New York budget legislation enacted in 2021 included an expansion of the Excelsior Jobs Program for green projects. The Excelsior Jobs Program provides job creation and investment incentives for businesses in targeted industries in the form of refundable tax credits that can be claimed over a benefit period of up to 10 years if […]
Fraud in the Workplace in a Post-Pandemic Environment
The impacts of the COVID-19 pandemic have created hardships for consumers and businesses across the globe. The worldwide economy experienced significant losses in nearly all sectors and impacted virtually every household. Numerous businesses shut down, or were forced to temporarily close due to government requirements issued as part of state-of-emergency declarations; layoffs and furloughs occurred; […]
New Small Business Quarterly Newsletter #2
Full of timely and helpful information on the Child Tax Credit, online sports betting in NYS and the pass-through entity tax, the winter issue of our Small Business Quarterly newsletter can be viewed/downloaded here. For more information about these or any other tax and accounting topics, contact your Tronconi Segarra & Associates tax advisor.
Canadians Spending the Winter in the U.S.: Tax Filing Obligations #2
The rules for determining whether you are required to file a tax return in the U.S. may be surprising to many Canadians that spend time on the U.S. side of the border. In addition to citizenship and residency, the U.S. also imposes taxes based on physical presence. It may be helpful to think about this […]
Business Succession Planning – Steps to Selling Your Business #2
Jim Segarra, Managing Partner of Tronconi Segarra & Associates LLP and Jamie Batt, Partner at law firm Rupp Baase Pfalzgraf Cunningham LLC recently presented Part II of their webinar on Business Succession Planning Considerations in the Era of COVID-19 to a special audience of the Niagara University Family Business Center. You can listen to this […]