Taxes can be an increasing burden for many small business owners in Manhattan. However, there are a few methods you can utilize to mitigate growing tax amounts. With a bit of planning and the right information, you can work to keep your business’s taxes in check from...
Leading-Edge Legal Representation
Corporate & Business Tax
Does my nonprofit corporation have to file taxes?
If you are the owner of nonprofit corporation in New York, you may be wondering just how to approach common tax issues. Filing taxes in an accurate manner is extremely important for nonprofits, as failure to do so can have a dire impact on the future of your...
Tax tips every small business owner should know
Taxes can be a challenging issue for many business owners in New York, especially for those at the helm of small businesses seeking to reduce their tax burden while also accurately filing their returns. Accordingly, the following tips can shed light what it takes to...
What is considered willful failure to remit employment taxes?
If you are a business owner in New York, willful failure to pay employment taxes can have a bevy of negative ramifications for both you and your business. The Journal of Accountancy lists some of the potential ill-effects you may be subject too, including being held...
America’s corporate tax code under heavy criticism
America has long been recognized for its focus on innovation and invention. Some of the world’s biggest companies were started in the U.S. and entrepreneurs find a great amount of support and opportunity. Despite this history, domestic companies also face challenges...
It’s tax time again – what do your employees need?
If you employ others at your New York City business, you have obligations regarding their federal and state withholdings, as well as wages that can be taxed. The W-2 form is an important document that you will need to supply to your employees when they begin...
What should independent contractors know about taxes?
If you freelance in New York, you already know that your tax preparations will be different from those who work for employers. They get a portion of their income deducted from their paychecks automatically, so they hardly have to think about taxes until it’s time to...
Year-end tax tips for the self-employed
It’s almost that time of year again for employees, business owners and almost anyone who worked in New York during 2015. Tax time is just around the corner, and it is always better to get prepared ahead of time than to wait until the last minute – especially if you...
New York man pleads guilty in tax evasion case
Everyone who works in New York State is required to pay taxes, from individuals to business owners. It may be tempting for some to think they can get away with not filing taxes and therefore avoid paying. This is never a good idea. The failure to file a tax return may...
What should I know about corporate tax law in New York?
Once you incorporate your business, you will likely be responsible for filing a corporation tax return in New York. According to the New York State Department of Taxation and Finance, there are separate tax returns for each type of business, such as S corporations,...