Author: Guest

Under legislation signed by Governor Cuomo, New York workers are guaranteed job protection and financial compensation while they are on a mandatory or precautionary quarantine order due to COVID-19.WHAT EMPLOYERS NEED TO KNOW ABOUT COVID-19 PAID SICK LEAVE:...

The IRS has updated its list of frequently asked questions (“FAQs”) on virtual currency transactions, addressing (i) a charity’s donor acknowledgement responsibilities when accepting virtual currency donations and (ii) a charity’s IRS reporting requirements. A charitable organization can assist a donor by providing the contemporaneous written...

In this first chapter of the 2020 Tax Guide, EisnerAmper provides year-end tax strategies for 2019. In addition to saving income taxes for the current and future years, effective tax planning can reduce eventual estate taxes, maximize the amount of funds you will have available for...

If you find yourself wondering if your business partner is taking more than his or her fair share, you could be right. Situations involving allegations between business partners are referred to as “shareholder disputes,” and the path to a resolution is never clear and easy....

In an effort to “ensure that this program is used as it was intended,” Rep. Ron Kind (D-Wis.), Rep Mike Kelly (R-Pa.) and Rep. Terri Sewell (D-Ala.) have recently introduced the Opportunity Zone Accountability and Transparency Act. This legislation is intended to create transparency and oversight...

While most business owners begin their entrepreneurial journeys with the best of intentions, owners simply won’t agree on everything all the time. Considerable disagreement can often lead business owners to end their relationship and go their separate ways. And whether the owners have a 50/50...

The IRS has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings. Cryptocurrency industry members have been eagerly awaiting this update since May 2019, when IRS Commissioner Charles Rettig said the agency was working on providing fresh guidance. The IRS’ 2014...

You may have read about the recent bankruptcy filing of clothing retailer Forever 21. And while this drastic step seemingly came out of the blue, it’s a familiar story. A growing, successful family business failed to heed the sage advice of others or take a...