Tag Archives: business
Huge Tax Break for Business Machinery – Must Act Fast
The 2017 tax-code overhaul has left behind quite a lucrative benefit, which is set to start being reduced in 2023. While most people rely on the classic gift or charity write-off, the end of this year is presenting people … Continue reading
Florida is Surging Past NY in New Business Openings, Data Shows
According to federal data, Florida saw twice as many new business openings in the state compared to New York last year. During COVID, Florida’s number of newly opened businesses surged due to the lack of prolonged lockdowns in the state, … Continue reading
2022 Vehicle Depreciation and Deductions
In general, if you use vehicles in pursuit of a trade or business, you can deduct the ordinary and necessary expenses incurred while operating the vehicle. Taxpayers may use either the standard mileage rate method or the actual cost method … Continue reading
Key Considerations to Make When Selling Your Company
Succession Planning
HR Nightmare for Estée Lauder – DSJ Prevention Tips
A top executive at beauty giant Estée Lauder has been suspended without pay following an Instagram post that contained the n-word. More recently, the company announced that the executive has since been forced out of the company through retirement.… Continue reading
WSJ: Older Businesses More Successful In Securing PPP Funding
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- Data finds that older businesses achieved PPP funding quicker than newer businesses
- Approximately 60% of PPP applications were funded from April 3rd through May 16th
- Denial rate seems to hover around 8% of all PPP applications
In the great race … Continue reading
Quarterly Sales Tax Payers Only Granted 60 Days Relief Despite Many Businesses Still Being Closed
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- NYS Sales Tax payments delayed from March 20th to May 20th, giving vendors only 60 days relief
- Short period of relief leaves vendors frustrated, as most are still out of business
- No guidance from Governor or Dept of Taxation and
NYS Senate Hopeful Pushes to Declare China Handling of COVID-19 Act of Terrorism
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- Palumbo (R-New Suffolk) calls on Trump, Cuomo to declare Chinese COVID-19 response an Act of Terrorism
- Doing so would allow businesses to access Terrorist Risk Insurance Fund
- Small businesses continue to have claims denied due to lack of virus-specific coverage