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
Ealert: NYS Enacts Tax Workarounds
On April 12th, Gov. Andrew Cuomo signed into law the New York State budget bill, that among other things, created an employer payroll tax and new charitable contribution funds to offset the impact of the $10,000 federal cap on state and local tax deductions under the Federal Tax Cuts...EAlert: New Sexual Harassment Legislation Passed in NYS
New legislation signed by Governor Cuomo on April 12, 2018, expands sexual harassment laws and criteria in New York State. Some of the main points of the New Legislation include: Mandatory annual sexual harassment training Although many organizations do provide sexual harassment training, many do not perform them on...EAlert: 2018 -Rehab & Prolonged Services Changes
Are you getting denials for your rehab prosthetic & orthotic services? For 2018, the (CPT) Editorial Panel revised the set of codes physical and occupational therapists use to report orthotic and prosthetic management and training services by differentiating between initial and subsequent encounters. New code descriptions to differentiate...EAlert: The Time is Coming to Bid Farewell to the OVDP
The Time is Coming to Bid Farewell to the OVDP The IRS announced on March 13th its intention to end the 2014 Offshore Voluntary Disclosure Program (“OVDP”) on September 28, 2018. Many tax practitioners knew this was inevitable but didn’t know when it would happen. Since the original launch...E-Alert: FROM THE MAYOR’S OFFICE OF CONTRACT SERVICES
To strengthen the partnership between New York City and our human service nonprofit sector, we feature updates from The Mayor’s Office of Contract Services (MOCS). MOCS oversees New York City procurement and works with City agencies, vendors and community-based organizations to ensure that the contracting process is fair, efficient,...Are Mission, Vision, Value Statements (MVVS) and Incentive Plans Right for Your Organization?
Most privately held small to medium sized family-owned businesses operate in a secretive environment, keeping communication about the business’ direction and success within the family and a very small group of key people. Business owners fail to realize that outside of the customer list, their team is its greatest...EAlert: Tax Reform Impact on A&E Industry
Tax Reform Impact on A&E Industry The Tax Cuts and Jobs Act (H.R. 1) is the biggest tax overhaul in over 30 years. With such an extensive revision of the tax code, the Architectural and Engineering industry will be deeply affected by these changes. Below are the key areas...E-Alert: Commercial Rent Tax
The New York City council recently enacted Int. No. 799-B, which significantly increased the Commercial Rent Tax (CRT) exemption. The CRT applies to rent paid by commercial tenants located south of the center line of 96th Street in the borough of Manhattan. The new law will provide for a...E-Alert: AGGIORNAMENTO SU RIFORMA FISCALE USA
Una commissione unificata di Camera e Senato USA ha trovato un accordo su un testo unico di riforma fiscale federale. La legge deve ancora essere approvata sia dalla Camera che dal Senato per poi passare alla firma del Presidente Trump. Gli ultimi sviluppi suggeriscono ampie possibilita’ che questo avvenga...E-Alert: Tax Reform by the Conference Committee
For the most abridged version of the tax reform bill released by The House and Senate Tax Cuts and Jobs Act Conference Committee, click here. To discuss how tax reform may impact your business, please contact Jeffrey Cohen, Tax Partner at Grassi & Co., at jcohen@grassicpas.com. Source: the above...
