For many companies, there comes a time when owners must decide whether to renew a lease, move on to a different one or buy new (or pre-existing) space. In some cases, it’s a relatively easy decision. Maybe you’re happy where you are and feel like such a part of the local community that moving isn’t […]

Most estate plans focus on what happens after you die. But without arrangements for what will happen in the event you become mentally incapacitated, your plan is incomplete. If an accident, illness or other circumstances render you unable to make financial or health care decisions — and you don’t have documents in place to specify […]

As a business owner, you know that it’s easy to spend nearly every working hour on the multitude of day-to-day tasks and crises that never seem to end. It’s essential to your company’s survival, however, to find time for strategic planning. Lost in the weeds Business owners put off strategic planning for many reasons. New […]

With the passing of a new tax bill imminent a question that has risen is whether to prepay your individual state income and real estate taxes.  As most of you are aware the new tax bill will limit the deduction for state taxes to a combined $10,000 starting in 2018. The bill will limit the […]

In a last-minute addition to the new tax bill, a provision was added to help real estate owners.  The bill will allow entities with little or no payroll to receive a pass-through deduction.  Under the general proposal if the pass-through entity has no payroll then they will not be allowed a deduction.  The rationale is […]

On Friday the joint conference finalized the new tax bill.  The new bill is over 1,000 pages. The bill will be sent to Congress for a vote early this week and if passed will be signed by the President this week.  With Senators Rubio and Croker now in support of the bill it looks like […]

On Wednesday December 13, 2017, the joint committees of the House and Senate Republicans have reached a compromise on the “Tax Cuts and Jobs Act” and the compromised bill will be made public on Friday December 15, 2017.   The bill is expected to be voted on next week.   Currently, the bill is still at risk […]

On November 2, 2017, the House of Representatives released a draft tax reform bill titled the “Tax Cuts and Jobs Act.”  The bill would reduce individual and business tax rates, would modify or eliminate a variety of itemized deductions as well as repeal the estate and alternative minimum taxes, and would change the taxation of […]

In 2016, Governor Cuomo signed into law the nation’s strongest and most comprehensive Paid Family Leave policy. Starting January 1, 2018, the New York State Paid Family Leave Act (PFLA) will provide New Yorkers job-protected, paid leave to bond with a new child, care for a loved one with a serious health condition or to […]