Marcum's Tax Services

New York Governor Kathy Hochul recently signed a $235 billion 2024-2025 fiscal year budget package, which includes creating, extending, and enhancing various #taxcredits and incentives for businesses. Barry Halpern and Lisa Haime provide a brief overview of some credits and #taxincentives. #AskMarcum #NYStaxes

As your trusted advisors, we want to remind you about the deadline for making the first mandatory payment for California’s elective pass-through entity (PTE) tax for the 2024 tax year. Missing this deadline could result in disqualification from the election. #AskMarcum #CAtaxes #PTET

To modernize tax management for businesses, the IRS recently rolled out the second phase of its digital transformation. Under the new system, individual partners within partnerships and individual shareholders of S corporations are now granted the capability to create Business Tax Accounts. https://hubs.ly/Q02fd_2n0 #AskMarcum #businesstaxes #taxes

We have been eagerly waiting for tax legislation to address various #taxprovisions impacting both individuals and businesses all year. Get insight into the three main provisions businesses should be watching. https://hubs.ly/Q02cnLT90 #AskMarcum #taxplanning

Marcum's Year-End Tax Guide is now available! Get our detailed analysis of the current tax environment and an overview of many of the issues affecting individuals and businesses. https://hubs.ly/Q0298gRr0 #AskMarcum #taxguide #taxplanning #taxstrategies

Tip pooling is a common #restaurantindustry practice in which restaurant employees combine their tips and divide them evenly among eligible staff. Learn the pros, cons, and potential #taximplications of #tippooling. https://hubs.ly/Q023QMBL0 #AskMarcum

In response to the perceived abuse of the program and the avalanche of potentially improper claims, the IRS will stop processing #EmployeeRetentionCredit claims. Learn how this may impact your business. https://hubs.ly/Q022C6Mw0 #taxcredits

The Treasury Department released the proposed regulations regarding transferring #taxcredits for certain #cleanenergy projects under the #InflationReductionAct. https://hubs.ly/Q01XmQX20 #AskMarcum