by George Dimov | Jan 8, 2019 | NYC Accounting
Investing in real estate offers several benefits, especially during tax season. With NYC property values rising for the sixth consecutive fiscal year in 2017, more people are turning to real estate investments. If you’re considering investing in real estate or have...
by George Dimov | Jan 2, 2019 | NYC Accounting
As a homeowner, understanding what you can and can’t deduct from your taxes is crucial. The tax system may seem straightforward, but it becomes more complex if you own a second home. Let’s explore key differences in tax breaks based on whether you use the second...
by George Dimov | Dec 11, 2018 | NYC Accounting
When it comes to knowing what kind of items can be tax exempt or tax-deductible, you may be confused. There are certain items that are easy to understand — like how uncut bagels in NYC are tax exempt while sliced bagels have an 8.875% sales taxed as it counts as...
by George Dimov | Nov 19, 2018 | NYC Accounting
Amazon’s Surprising HQ2 Choice: Long Island City The race is on! Amazon’s search for a location for its second headquarters has chosen an unlikely front-runner: Long Island City in Queens. Despite New York City’s high state and local taxes, Amazon is nearing a...
by George Dimov | Nov 10, 2018 | NYC Accounting
New York City is renowned for its high tax rates, but the franchise tax is a statewide levy, not just a local concern. If you own a business, you’ve probably encountered this tax on your corporate filings. This guide will clarify what you need to know about it....
