Blog

Many New York City business owners believe that every time they take money out of their business, they owe tax on it. That's one of the most common misunderstandings I see with my clients. In a high-tax city like New York, it doesn't just create confusion, it inhibits...

Bringing on your first employee changes your compliance picture more than most business owners expect. Up until now, you've been the only one whose taxes, insurance, and paperwork you had to think about. The moment you add someone to payroll, you're responsible for...

If you run your own business in New York, you already know the tax burden is real. Between federal income taxes, New York State taxes, New York City taxes, and self-employment taxes, it is not uncommon for a successful business owner to pay more than 50% of their...

If you're behind on filing your business taxes, you're not alone, and it's almost always more fixable than taxpayers think. The IRS, New York State, and New York City aren't looking to punish you the moment they notice. They're looking to get you compliant. The real...

If you're a New York State or New York City business owner, whether you're based in Manhattan, Brooklyn, or anywhere in the five boroughs, there's a powerful tax savings strategy you should know about. It's called the NYS PTET, or the New York State Pass-Through...

If you're a New York City business owner trying to decide between an LLC and an S corporation, the choice you make can mean the difference between overpaying the IRS by tens of thousands of dollars a year or keeping more money in your pocket. A New York City physician...