At first glance the recently passed Tax Cuts and Jobs Act seems to hit Long Island and all high tax areas pretty hard for a few reasons: 1. Many businesses on Long Island are pass-through entities in the service sector which do not qualify for the reduced corporate...
The Department of Labor has filed proposed rules to adjust the employee scheduling regulations to benefit employees for their “Just-In-Time,” “Call-In,” or “On-Call” scheduling. The full list of proposed changes to the regulations were posted November 22, 2017 in the...
Travel and shopping have become synonymous with this time of year. Trying to juggle working and year-end deadlines with buying gifts and visiting family and friends, often leaves people exhausted. Looking for short-cuts to getting all your items on your list checked...
HIA-LI CEO BRIEF Featuring Kenneth Cerini, CPA, CFP of Cerini & Associates, LLP Tell us about how you/your company started. Back in 1993, I gave notice to the managing partner of the Long Island office of Ernst & Young and started C&A out of my converted...
For C corporations, S corporations, and partnerships with assets greater than $10 million, claiming and providing proof to substantiate the credit for increasing research activities (US Code Sec. 41) can now be much less difficult and time-consuming. New guidance...
Following the House Ways and Means Committee release of their draft and markup of the Tax Cuts and Jobs Act (TCJA), the Senate Finance Committee released its bill on Thursday, November 9th. Like the House bill before it, the initial release called for substantive...
The New York State Division of Cemeteries released a revised annual financial report form this year for regulated cemeteries to complete. It is a requirement for all cemeteries to fill out this form, including cemeteries that submit audited or reviewed financial...
Finally, after months of fanfare, blueprints, and endless requests from our Managing Partner Ken Cerini to put out content on what a potential Republican tax plan would mean for our clients, last week the House Ways and Means Committee released the “Tax Cuts and Jobs...
As Plan Sponsors, we rely on investment platforms offered by registered investment companies to gear our employees towards safe retirement. As employees, we place trust in our employers to act with the prudence that their fiduciary title commands. But, can we place...
