Reminder: Corporate Transparency Act Compliance Deadline is December 31, 2024 (or Sooner)
by: Steven Land The Corporate Transparency Act (the “CTA”), which went into effect on January 1, 2024, requires nearly all businesses that were formed prior to January 1, 2024 to disclose the identity of their individual beneficial owners to the Financial Crimes Enforcement Network, a bureau of the United States Department of the Treasury (“FinCEN”), […]
New York’s Updated Nonresident Audit Guidelines Lowers the Threshold to Be Considered a New York Statutory Resident for Tax Purposes
In the two years since the outset of the COVID-19 pandemic, there has been a mass exodus of New Yorkers leaving the Empire State for warmer, more tax-friendly states such as Florida and Texas.[1] In fact, New York ranked third among states in which people moved from in 2021.[2] More than 33,500 New Yorkers moved to […]