Grassi Advisors & E-Alerts

This section is dedicated to general accounting as well as industry-specific topics and interests. Each of the following Grassi Advisor Newsletters and topical alerts are a result of our professionals’ technical expertise and extensive participation in the industries in which our clients operate

E-Alert: Estate Tax Update

Estate Tax Update Based on the August CPI released by the Labor Department, the projected exclusion amount for gifts and estates of decedents dying in 2018 has increased to $5,600,000 (from $5,490,000 in 2017). Same projected increase applies to the Generation skipping transfer tax exemption. The annual per person...

Form I-9 Changes

The revisions below were made to reduce errors on the form I-9. The new form was revised on 07/17/2017.  Going forward, use the new form for all new hires. What are some best practices for form I-9? Completed I-9’s must be kept separate from all employee files White-out cannot be used...

Next Steps for Paid Family Leave

Last month, Grassi & Co. hosted a webinar on the NYS Paid Family Leave Act. Below are some important next steps for you to follow: Contact your DBL provider and add the NYS paid family leave policy Decide on a date when employee deductions will start Create a notice to...

The Scoop on the EEO-1 Report

In order to stay compliant in today’s hectic HR landscape, below are some key points regarding the EEO-1. The EEO-1 Deadline is now March 31, 2018 Who must file? Private employers with 100 or more employees (including federal contractors and subcontractors).  If your company has federal contractors or subcontractors,...

NYS Paid Family Leave

NYS Paid Family Leave Effective 7/1/2017 for deductions Effective 1/1/2018 for use   What is it?: New York’s Paid Family Leave program provides wage replacement to employees to help them bond with a child, care for a close relative with a serious health condition, or help relieve family pressures...

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