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On Our Mind: New Beginnings

Recently, I moved into a new office at work- not far, just two doors down on the same side of the building, so my view remains the same. BUT it is almost like a new beginning- new desk set up, new shelving, filing cabinets and some new wall hangings. Almost like a breath of fresh air- a good way to start September and a new semester of education.It allowed me to look through some older classes we ran several years back (the files had about an inch of dust on them). I must admit, a nice little smile came to my face- While I have…

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Albany Update: HERO Act Activated, Construction Wage Theft Bill Signed, Calls Needed on Small Business Taxes,

​This week, Governor Hochul announced the Department of Health has designated COVID-19 an “airborne infectious disease," triggering activation of the NY HERO Act. All businesses are immediately required to implement their airborne infectious disease prevention plans required under the HERO Act. Big I NY and a broad-based group of business associations opposed this measure, expressing concerns it will be overly burdensome and unwarranted. Learn more about your compliance requirements hereAlso this week, Governor Hochul signed a bill which will hold construction contractors jointly and severally liable for wage theft violations of their subcontractors, including unpaid wages, benefits, wage supplements, penalties, liquidated damages, attorneys fees, and other…

Continue ReadingAlbany Update: HERO Act Activated, Construction Wage Theft Bill Signed, Calls Needed on Small Business Taxes,

CALLS NEEDED: Congress Considering Tax Increases Impacting EVERY Agency

​Congress has now begun working on the details of the $3.5 trillion reconciliation package that addresses issues like climate change, federal paid leave, Medicare expansion, childcare assistance, free community college and much more. To pay for such a large expansion of the federal government, Congressional Democrats are considering numerous tax changes that would impact your agency and your clients. Tax increases currently “on the table” include: a significant increase in the corporate tax rate, raising the top individual tax rate, nearly doubling the capital gains tax rate, potential elimination of “stepped up” basis, and modification/elimination of the Section 199A 20% small business tax deduction for pass-throughs.REQUESTED…

Continue ReadingCALLS NEEDED: Congress Considering Tax Increases Impacting EVERY Agency