By Michael Rodriguez, CPA For new and emerging businesses, the topic of sales tax “Nexus” can be tough to wrap your head around. In today’s rapidly changing environment and technology, more companies than ever may be subject to this key area regarding Nexus and sales tax. Sales tax nexus is an important area to focus […]
By Alex vonStrandtmann, CPA, MBA As Software as a Service (SaaS) companies continue to grow and offer more recurring subscription sales, tax compliance can become a complex issue. Sales tax laws and regulations vary by state and country, and failure to comply can result in penalties and fines. In this article, we will discuss how […]
By Alex vonStrandtmann, CPA, MBA We spoke with a number of clients and friends after our last posting about the banking turmoil. While tracking the banks in the stock market is still like following a roller coaster, it has become apparent that there are still a number of you that aren’t being paid much interest […]
By Alan R. Sasserath, CPA, MS Over the last several days, we, like many of you, have watched with bated breath as the events of the Silicon Valley Bank (”SVB”) collapse unfolded. As of the close of business on Friday, many SVB customers with balances in excess of the $250,000 insured FDIC limit were unsure if […]
For the 2022 holiday season we will be collecting toys and gifts for Family Service League’s (FSL) annual holiday gift drive, Project TOY. Project TOY helps bring joy and toys to families throughout Suffolk County by providing gifts for children and teens in need. FSL deeply appreciates and accepts donations for children of all ages. Gifts/gift […]
Getting paid for keeping employees on payroll? Sounds like some sort of utopia. Or maybe it’s just a tax incentive for business owners during the pandemic called the employee retention credit. What is the Employee Retention Credit? The employee retention credit (ERC) is a tax credit established under the CARES Act in 2020 as a […]