Are you familiar with New York State’s new Pass-Through Entity Tax (PTET)? While this optional tax can provide significant benefits for partnerships and New York S corporations, the election must be made by October 15, 2021, to be effective for the entire 2021 tax year. Under this new r Read More
By: Christopher Gagliardi Two of the most significant changes to U.S. Generally Accepted Accounting Principles (GAAP) have recently unfolded, including Accounting Standards Codification (ASC) 606 – Revenue Recognition, which many businesses are still adjusting to, and ASC 842 – Leases. Al Read More
The IRS recently released new guidance on the extremely important Employee Retention Credit (”ERC”), which was passed as part of the CARES Act in February 2020, including new retroactive and expanded eligibility dates. Updates include, but are not limited to, expanded eligibility dates an Read More
Janover LLC, one of the leading public accounting firms in the New York region, has been named to the 2021 Top 100 Best Places to Work in New York City list by Crain’s New York Business. This is the second consecutive year Janover has achieved this recognition. Best Companies Group (BCG) ma Read More
By: Janover Communications The COVID-19 pandemic has impacted nearly all businesses in one way or another. One Janover client, a staffing company, took a particularly stiff hit. “They were decimated,” said Janover Partner Anthony Napolitano CPA. “They’re still working through losses, Read More
By: Janover Communications Janover LLC is pleased to announce the promotion of Lisa Flemen, CPA to principal. The firm also has promoted Aaron Bethmann, Candice Chau, Ryan Glasco, Agnes Li, and Florence Ma to senior manager. “This talented group of individuals is integral to the future succ Read More
By: Janover Communications Janover LLC, one of the New York region’s leading public accounting firms, has been recognized for its cultural excellence as a national 2021 Top Workplace. The Top Workplaces award celebrates nationally recognizes companies in all industries that prioritize a peo Read More
By: Janover Communications Janover LLC is proud to announce two of its emerging leaders, Christopher Gagliardi, CPA and Tammy Daitch, CPA, have graduated from the ConvergenceCoaching® 2020-21 Spring Transformational Leadership Program™ (TLP). The in-depth, yearlong TLP helps future le Read More
New York State is expected to begin accepting applications for the state’s $800 million COVID-19 Pandemic Small Business Recovery Grant Program on June 10, through Empire State Development, New York State’s primary business-aid agency. This grant will provide funding to small and micro-bu Read More
President Biden’s tax proposal, first introduced in the American Families Plan, includes increasing the top tax rate on capital gains to 43.4% from 23.8% for households with more than $ 1 million in income. However, the budget released May 28 assumes the increase is retroactive to when the Read More