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Are you a student getting a summer job?

In Tax Tip 2021-108, the IRS reminded students and first time employees some important considerations. New employees: Employees (w2) – including those who are students – normally have taxes withheld from their paychecks by their employer. When anyone gets a new job, they need to fill out a Form W-4, Employee's Withholding Allowance Certificate, and

By |2021-08-13T12:06:45+00:00July 28th, 2021|Categories: Individuals|Tags: , , , , , , , |

New York State has approved their Pass through Entity Tax (PTET)

The New York PTE tax follows several other states in availing itself of the IRS’ guidance in Notice 2020-75, which permits the use of PTE tax regimes like New Jersey and Connecticut previously. With the new PTE tax in place, eligible entities that elect to be taxed at the entity level will now be able

By |2021-05-05T22:18:10+00:00May 5th, 2021|Categories: Business, Individuals|Tags: , , , , , , |
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