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Governor Kathy Hochul on August 31, 2022, signed into law a bill that, among other things, accomplishes two important tax changes for New York City. Read more
As the environmental, social and governance movement continues to gain momentum across industries and practices, green leases are likewise gaining popularity among commercial landlords and their tenants. If your business is considering entering into such an arrangement, you'd benefit from first…
To help curb record-setting inflation, the Federal Reserve Bank enacted its second consecutive 0.75-percentage-point increase to the Fed Funds rate on July 28. Despite the Fed's aggressive moves, significant uncertainty remains. Financial analysts are unsure whether the rate increases will work — or…
For 2022, eligible entities may opt in to the New York State PTET through September 15, 2022.
The IRS on August 23, 2022, announced it will grant automatic penalty relief for late-file penalties imposed with respect to certain returns required to be filed for the 2019 and 2020 tax years.
On July 27, 2022, Sens. Joe Manchin (D-WV) and Chuck Schumer (D-NY) released legislative text for budget reconciliation legislation, also known as the Inflation Reduction Act of 2022. Twelve days later, the U.S. Senate on August 7 approved the bill on a party-line vote, with all 50 Democratic…