New York City Debt Collection Defense & tax Attorney

Blog Posts in Business Taxes

All Posts
  • Intro to Taxation of Art Galleries with Top 13 Audit Pitfalls
    Intro to Taxation of Art Galleries with Top 13 Audit Pitfalls

    The business of art is fertile grounds for the tax professional. Depending on the unique facts, a piece of art can never sell—or sell for millions of dollars. It can change hands once—or multiple ...

    Read More
  • Employee v. Independent Contractor: The IRS’ 20-Factor Test Analyzed
    Employee v. Independent Contractor: The IRS’ 20-Factor Test Analyzed

    Employment taxes are expensive. Payroll taxes are expensive. Withholding taxes is an administrative burden. All true. But I remember a wise tax lawyer once saying to a group of us, “if you can’t ...

    Read More
  • Attorneys: Beware of these Four Income Related Tax-Audit Triggers
    Attorneys: Beware of these Four Income Related Tax-Audit Triggers

    Attorneys practice their craft in a variety of ways. It’s their prerogative to charge clients and collect money as they see fit. They generally use the cash method of accounting, which means they ...

    Read More
  • Who is Liable for Employment Taxes in Wake of Covid-19 Business Closures?
    Who is Liable for Employment Taxes in Wake of Covid-19 Business Closures?

    Temporary Relief Followed by Potential Liability for Employment Taxes New York’s PAUSE Order aimed at mitigating the spread of COVID-19 unavoidably devastated business income. Because of that, NYS ...

    Read More
  • Bonus Depreciation of Business Assets: 7 Hot Questions in 2021
    Bonus Depreciation of Business Assets: 7 Hot Questions in 2021

    1) First of all, what is bonus depreciation? Designed to stimulate investment in business property (not land or buildings), the Internal Revenue Code, under the Tax Cuts and Jobs Act of 2017 (TCJA), ...

    Read More