by George Dimov | Dec 12, 2025 | NYC Accounting
Non-taxable merchandise refers to items that are exempt from New York State sales and use tax. When you purchase these items, you do not pay the sales tax that normally applies to most goods and some services. These exemptions are designed to reduce the tax burden on...
by George Dimov | Dec 12, 2025 | NYC Accounting
Sales tax is a tax collected by retailers when you purchase goods or certain services within a state. In New York, for example, the statewide sales tax rate is 4%, and local counties or cities may add additional taxes, resulting in combined rates of up to 8.875% in...
by George Dimov | Dec 12, 2025 | NYC Accounting
New York State imposes a sales and use tax on the sale, rental, or use of tangible personal property, as well as on certain services. This means that most goods you buy, whether in a store or online, and some services like repairs or installation, may be subject to...
by George Dimov | Dec 11, 2025 | NYC Accounting
New York State has indeed been sending out checks in 2025, specifically as a one-time Inflation Refund Check initiative. This program, secured in the state’s Fiscal Year (FY) 2026 budget, represents a significant direct financial aid effort designed to provide...
by George Dimov | Dec 11, 2025 | NYC Accounting
Many people are asking whether a new $ 1400 stimulus check is on the way, but the truth is that no new federal stimulus has been approved for 2025. The only individuals who can still receive a $ 1400 payment today are those who qualified for the 2021 stimulus check...
