Employee Retention Credit (ERC) Guidance for Dealerships in 2021

By Scott Lewis, CPA, MSAThe employee retention credit (ERC), which is a refundable payroll tax credit for employers was established with the enactment of the…

New York State Update on New Passthrough Entity Tax

New York (NY) has recently enacted a Passthrough Entity Tax (PTET) for tax years beginning after January 1, 2021. The new law, which falls under…

New York State Individual Tax Update from the Fiscal Year 2021-22 Budget

By Scott Lewis, CPA, MSAOn April 19, 2021, New York Governor Cuomo signed the New York State Fiscal Year 2021-22 budget bill. It included several…