News & Guidance
Understanding accounting rules and tax law is no easy task. As recent legislation shows, the law is always changing too! The information below is designed to serve as a quick reference tool, not accounting or tax guidance.
If you have questions concerning any of the information below, we suggest you call our office.
IRS Limitation Changes For 2024
The IRS has released various rates and limitations for 2024 that you might find helpful.
Ten Things Taxpayers Should Know
Businesses and individuals choose a new tax preparer to help file a tax return throughout the year. Everyone should choose their tax return preparer wisely. This is because taxpayers are responsible for all the information on their income tax return. That’s true no matter who prepares the return. [READ MORE]
Is it possible that you could have unclaimed funds?
Many organizations are required by law to report dormant accounts to the State Comptroller. In addition, organizations are then required to notify you by mail and publish information in newspapers. Despite such efforts, funds still remain unclaimed and are then turned over to the Office of the State Comptroller. [READ MORE]
Credit Card Surcharges
In October 2018, the New York State Court of Appeals rules that New York State Merchant Businesses can legally pass on their credit card processing fees to their credit card customer and still comply with the New York's General Business Law Section 518, as ong as they disclose the dollar and cents price charged to the credit card customer. They must comply with each of the credit card companies requirements and consumer diclosure guidelines. [READ MORE]
For more information on any of these topics, contact us at 518.270.9243.
