One of the most talked about reforms enacted in the Tax Cuts and Jobs Act (TCJA) was the limitation on the ability for taxpayers to deduct state and local taxes in excess of $10,000. Dario Arezzo, Senior Tax Consultant, gives readers insight into how to interpret these regulations.
Now that the dust has settled on the 2018 tax season (for the most part!), it is time to continue fine-tuning tax strategies for Northeast agricultural producers. One of the easiest ways to maximize the 199A deduction is to ensure the farmland being utilized in the operation qualifies for the deduction.
Working long days and still having to process payroll can be burdensome. You may find yourself rushing through the process because you have other business tasks to complete or family to take care of. There may be days you feel overwhelmed by having so many tasks on your to-do list that payroll simply slips your mind. That’s where we can help.
Just a few weeks ago, Governor Cuomo signed into law New York State’s latest budget. The big takeaway for New York State estate planning is the retroactive reinstatement of the “three-year claw back." Dario Arezzo, Senior Tax Consultant, gives readers the details of this revival.