In April, former NY Governor Andrew Cuomo signed legislation creating New York State’s version of a Pass-Through Entity Tax (PTET). Prior to this, New Yorkers were limited in the amount of state and local taxes (SALT) they could deduct, … Continue reading
As many investors are looking for more ways to keep money earned through capital gains, there is an emerging strategy financial advisors are utilizing involving cryptocurrency. Here’s how: Investors can buy various … Continue reading
In another attempt to fund the $3.5 trillion budget for Biden’s infrastructure bill, there was a proposed tax on single-use … Continue reading
New York’s 2021-2022 Budget Act included a new elective pass-through entity tax (PTET), offering taxpayers an opportunity to reduce their overall tax burden annually. This is largely seen as a win for business owners who were adversely affected by … Continue reading
There was a steep drop in the price of Bitcoin and other Cryptocurrencies this past week, with Bitcoin’s price dropping roughly $5,000. This decrease happened almost immediately after China’s central bank declared all cryptocurrency-related transactions, and … Continue reading
There have been many implications on the US economy while it’s been recovering from the lasting effects of COVID. One … Continue reading
Last week, Janet Yellen and IRS Commissioner Charles Rettig pushed to change the reporting standard from banks to include annual inflows and outflows from accounts with more than $600 or at least $600 worth of transactions. This … Continue reading
President Biden’s $3.5 trillion 2022 budget – the Build Back Better Act – is a pretty lofty financial plan that seeks to aid American families, workers, and businesses by evening our country’s economic playing field.
Build Back Better will … Continue reading
The Securities and Exchange Commission (SEC) is cracking down on Environment, Social, and Governance (ESG) reporting, asking corporations to provide specifics regarding their ESG standards.
Wall Street currently boasts a substantial $35 trillion in “sustainable … Continue reading