New York COVID Rental Assistance Program

Governor Cuomo recently announced, COVID Rent Relief Program, a new rental assistance program that will help low income families keep their homes.  This program provides aid to families whose income has been directly impacted by the ongoing COVID-19

Charitable Donation of Virtual Currency

We are always working with our clients to explore alternatives that work within the tax law to make sure they pay the least amount of tax allowable by law.  If you asked me a few years ago, I never

Paycheck Protection Program Flexibility Act

Following is a summary of the Paycheck Protection Program Flexibility Act enacted on June 5, 2020: Current PPP Borrowers extend the 8-week period to 24 weeks. New borrowers have a covered period of 24 weeks after the loan

Is My Dog Tax Deductible?

Pet expenses may be deductible in the situations detailed below.  Your own personal pet, while awesome, is not deductible unless one of the following situations apply. Service Animals that are medically necessary to assist an individual due to poor

Family Business – Hiring Your Kids

Hiring your children to work the family business can save you income and self-employment taxes.  Small businesses need every break they can get to compete with big business.  Here is an idea to consider – hire your child. Paying

Moving to A Lower Tax State?

Wouldn’t it be nice to live in a warm State that also doesn’t tax your income?  Many people think so, and often we hear of retirees purchasing a second home in Florida to enjoy the winters out of the

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