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Hi Everyone – First, Happy New Year to all. I'm looking for any authoritative guidance either way on this question please. For years I have employer clients where employees elect to have their regular 401(k) contributions (elective deferrals) to reach the annual maximum taken ...

Hello All I hope you all have a wonderful New Year! Just want to know if anyone have any suggestion on Docusign alternative. They want almost $20k for 3 years contract for 6000 envelopes. Does anyone have a cheaper option? Thanks ------------------------------ Rahul Singh President Rahul ...

Hi Ken, I was going to advise that Kevin likely would respond after he returns from vacation in the Carribean but he clearly is not vacationing as he should be. I hope he really takes a few days off while there! Best wishes to all in the coming year! Louis ------------------------------ Louis ...

Hi Ken, Please note that, as a result of Governor Hochul's recent veto of the legislature's bill that would have amended the statute, the New York LLC Transparency Act only applies beginning on January 1, 2026 to newly formed foreign country (e.g., England or BVI) LLCs that are authorized to ...

the N Y State boi requirement says that new llc's must file information within 30 days of filing or be fined. This is ridiculous. We have clients coming in months after forming llcs and informing us that they formed an llc. Someone from our NY State Cpa society or NFIB needs to meet with our politicians ...

Hi everyone, I hope you can join me at the NYCPA Brooklyn Nets game against the San Antonio Spurs on February 26th. In addition to what promises to be a great game (the Nets are up and coming while San Antonio is one of the top teams in the league), the NYCPA will be featured as the "Non-Profit ...

My Dear Fellow Society Members, As many of you know, one of my goals during my term as Society President for the 2025-2026 fiscal year is to grow Society membership by at least 10%. In furtherance of this goal, I have kicked off (together with Society CEO Calvin Harris) what I've termed a " 52 firm ...

My Dear Fellow Society Members, I am absolutely thrilled to report that, on Friday, December 19th just before midnight, Governor Hochul signed into law NY State Senate Bill 2025-S52 , which authorizes the use of an electronic signature before the New York tax authorities by a person who has previously ...

It was announced earlier this morning of Saturday, December 20th that the bill (S8432 / A8662) to amend the New York LLC Transparency Act to decouple from the federal Corporate Transparency Act definitions has been vetoed by Governor Hochul. This means that, when it goes into effect (Jan. 1, 2026 for ...

Hello everyone, I am excited to share the Society's December 2025 event calendar . There's lots of great happenings this month and I hope to see many of you there either via Zoom or in person as your schedules permit. In this connection, it was truly great to see so many of you at the Society's ...

Yes, the only "employees" would have been the husband and wife. I believe the payments to both were transfers that went to a shared personal account. So, yes, I would feel comfortable treating them as distributions.

Was he the only "employee"? were personal returns filed, W-2's prepared? Could the payments simply be distributions ------------------------------ Gerald Cohen Retired (no firm) The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity ...

Hello Everyone, I have new client that came in recently. Her husband died abruptly this month. She owns a firm. He was supposed to oversee the office, including the filing of taxes, but the taxes were never filed. I have emails from her stating that he buried the letters from NYS/IRS and, any ...

Yes, the only "employees" would have been the husband and wife. I believe the payments to both were transfers that went to a shared personal account. So, yes, I would feel comfortable treating them as distributions.

Was he the only "employee"? were personal returns filed, W-2's prepared? Could the payments simply be distributions ------------------------------ Gerald Cohen Retired (no firm) The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity ...

Hello Everyone, I have new client that came in recently. Her husband died abruptly this month. She owns a firm. He was supposed to oversee the office, including the filing of taxes, but the taxes were never filed. I have emails from her stating that he buried the letters from NYS/IRS and, any ...