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More Money for Child Care in 2021
The American Rescue Plan Act of 2021 made some changes to the Child and Dependent Care Credit. This will mean more credits for many working families. It increased the cap on eligible dependent care expenses to $8,000 for one
New Retirement Plan Mandate for New York Employers
All employers with 10 or more employees in New York State must have an employer sponsored retirement plan within 9 months of the October 21, 2021 date the law was signed by NYS Governor Hochul. If your business does not
The Advance Child Tax Credits
This past summer, the IRS began sending out monthly advance payments for half the total of the newly expanded Child Tax Credit. The other half of the Credit will be claimed on your 2021 income tax return. The full
Is My RV or Boat Tax Deductible?
I just returned from a family road trip, during which we saw countless trailers, RV’s and boats which gave me the idea for this blog. Can you deduct expenses for your trailer, RV or boat? If you own a
NYS Unclaimed Property
The Covid-19 pandemic has hit states’ budgets hard and New York may be looking to increase compliance with a lesser-known law concerning unclaimed or abandoned property to close that gap. Simply put, the law requires unclaimed property to be