Tag Archives: new york

BKC WELCOMES ARRIAN URETA AS AUDIT MANAGER

BKC, CPAs, PC, a full-service accounting firm with offices in Flemington & Woodstown, New Jersey welcomes Arrian Ureta, MBA as an Audit/Assurance Manager. Arrian has a Bachelor of Science in Technical Management/Concentration in Accounting, and a Masters of Business Administration with a Concentration in Public Administration and is acquiring her Certified Public Accounting license.  Arrian Read More…

NEW YORK STATE PASS-THROUGH ENTITY TAX

Under new Tax Law Article 24-A, an optional pass-through entity tax (PTET) that partnerships or New York S Corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021. Individual pass-through entity owners electing to pay PTET who are subject to personal income tax may be eligible Read More…

CARES ACT EMPLOYEE RETENTION CREDITS FOR NONPROFIT EMPLOYERS

Many nonprofit organizations were forced to shutter or temporarily close their operations under a governmental order as a result of the coronavirus pandemic, while others were forced to severely limit their offerings.  One way to continue to pursue your organization’s objectives is to ensure that you are still able to function, even if only in a limited Read More…

TREASURY DEPARTMENT DEFERS TAX PAYMENTS

Congress Announced: Secretary Mnuchin Defers Tax Payments, Delivers Relief for Taxpayers & Small Businesses Because many families, businesses, and tax preparers may be unable to meet their tax obligations despite their best efforts, President Trump is allowing “the Treasury Department to defer tax payments, without interest or penalties, for certain individuals and businesses negatively impacted.”The Read More…

FEDERAL OPPORTUNITY ZONES

The Qualified Opportunity Zone (QOZ) program was enacted as part of the 2017 federal Tax Cuts and Jobs Act (TCJA) and is designed to direct long-term capital investments into eligible property located in a Qualified Opportunity Zone. There are 8,762 designated QOZ’s located throughout the United States, of which 8,532 are in low-income community tracts Read More…

M&A STORIES – HOW TO ‘DEAL’ WITH UNWELCOME SURPRISES

Surprises are rarely good. There are many different emotions that come with the experience of surprise: fear, anxiety, and joy—to name a few.  Deals can also cause the same emotions for a deal maker. Perhaps the booked pipeline was stronger than expected or new management, while unproven in historical results, has the ability to create Read More…