As part of the 2022-23 NYS Budget NYS included a new $250 million program called the “COVID-19 Capital Costs Tax Credit Program” designed to assist small businesses who incurred costs as part their response to the COVID-19 Pandemic. Details of this program were finally made clearer on June 28, 2022.
IRS Releases Tax Brackets and Other Key Limits for 2024
IRS to Pause Employee Retention Credit (ERC) Claims – What’s Next for the IRS and for Employers?
Demystifying the Corporate Transparency Act: A Guide for Businesses
Combating Payroll Tax Evasion and Workers’ Compensation Fraud in the Construction Industry
30 Years of Connecting with Cerini & Associates, LLP
Employee Retention Tax Credit (ERC) Updates
Cerini Connection: Artificial Intelligence and How to Leverage it
New York State’s Minimum Wage Increases and Indexing to Inflation
2023 Business Trends
Are Bonuses Really Taxed Higher?
Burnout
Jun 27, 2022
First recognized as a syndrome in 2019 by the World Health Organization (WHO), burn-out has been on the rise for a number of years. While tight deadlines, high pressure, and stress have been part of working culture since the times of Henry Ford, the COVID-19 Pandemic,...
Energy Tax Credits
Jun 24, 2022
Many contractors are always looking for different ways to expand and grow. Energy efficiency incentives have been on the rise for years and many developers are looking to include these in upcoming projects both as responsible corporate citizens and to unlock these...
Quoted in Newsday: Employers who don’t comply with Obamacare face higher penalties
May 19, 2022
Edward McWilliams was quoted in Newsday. You can read the article on Newsday's website here or below: The law requires employers with 50 or more full-time employees or equivalents to offer health coverage that meets certain standards or face penalties. It’s been more...
Quoted in Newsday: LI businesses put more energy into containing fuel cost, inflation
Mar 30, 2022
Edward McWilliams was quoted in Newsday. You can read the article on Newsday's website here or below: Small businesses are paying more for just about everything, which means they’re having to get more creative in cutting costs, experts say. “It’s a perfect storm of...
The Extra Vig: What Mobile Sports Bettors Need to Know About Taxes
Feb 3, 2022
On January 8, 2022, online sports betting launched in New York much to the excitement of sports fans and betting enthusiasts. The 2018 Supreme Court decision that struck down the Professional Amateur Sports Protection Act (PASPA) opened the door to allow individual...
Exit Strategy: 3 Tips for Practices considering a Merger or Acquisition
Feb 1, 2022
With the passage of the Affordable Care Act (ACA) and several large payor deals, the mid-late 2010s saw a flurry of Mergers and Acquisitions in the healthcare industry. Many major hospital groups were closing what felt like 2-3 deals a month for captive practices and...
Build Back Better –Tax Implications for Dealers
Dec 7, 2021
Tax Information Reporting for Non-Profit Organizations
Dec 7, 2021
Information reporting, such as on Forms 1099 or W-2, is one of the crucial components of a well-functioning tax system. Such information reporting both assists taxpayers in filing of their annual returns as well as informs the government of income earned by...