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…

IRS Provides Employee Retention Credit Guidance

The Internal Revenue Service (IRS) recently issued guidance with Notice 2021-49 (the Notice) regarding the employee retention credit (ERC). The Notice provides guidance for added…