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New York Considers New Taxes on Guns and Ammunition

CPA Practice

Firearms and ammunition are already subject to New York sales tax. If New York State Senate Bill 7733 is enacted, it will place an additional excise tax on the sale of firearms and ammunition in the Empire State. Will New York tax all guns and ammunition? By Gail Cole. This could be every two years or more.

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New York Minimum Wage to Increase Starting in 2024

CPA Practice

The minimum wage will increase to $16 an hour in New York City and Westchester, Nassau and Suffolk counties and to $15 an hour in all other areas of the state on Jan. For Upstate New York, that’s an increase of 5.6% The raises could be stopped in any year when the inflation index shows prices are falling, the News said.

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Professional Tax Help in New York: Taxpayers Facing Tax Audits, Back Taxes, and 941 Payroll Tax Problems

MyIRSRelief

New York is known for being a hub of commerce, culture, and innovation, attracting businesses and individuals from all over the world. In these situations, seeking professional tax help in New York can make a significant difference in resolving your tax problems and avoiding legal and financial consequences.

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New York partners with IRS on free tax prep

Accounting Today

New York State and the Internal Revenue Service have developed a new program that allows eligible New Yorkers to e-file their federal and state personal income tax returns for free.

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California and New York Are Losing More Residents to Low-Tax States, IRS Says

CPA Practice

That idea is supported by migration data, recently released by the IRS, showing that taxpayers are leaving notoriously high-tax states like California and New York and choosing to live instead in low-tax states. New York and California gained some residents, but far fewer than the numbers lost. billion in AGI to Texas.

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New York Business Stifled Due to Federal Research Capitalization Rules

Withum

Whether it is manufacturers, clothing designers, software developers, plant breeders, winemakers, or engineers, businesses across New York State are shocked to hear how significantly their federal tax bills are increasing for the 2022 taxable year even when their earnings remain the same.

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Zack Smith Named to Upstate New York Appraisal Institute Board of Directors

Withum

Withum is excited to share that Zack Smith , Team Leader of the Real Estate Valuation Practice , has been appointed to the Board of Directors of the Upstate New York Appraisal Institute. The post Zack Smith Named to Upstate New York Appraisal Institute Board of Directors appeared first on Withum.