by George Dimov | Aug 29, 2024 | NYC Accounting
NYC Corporate Tax vs. NYC Personal Income Tax on W2 A Comprehensive Comparison Taxation in New York, particularly within the dynamic environment of New York City, presents a sophisticated challenge for both businesses and individuals. The distinct tax structures for...
by George Dimov | Aug 29, 2024 | NYC Accounting
New York State RSU Tax Restricted Stock Units (RSUs) play a crucial role in employee compensation, especially in high-paying sectors like technology, finance, and law. These RSUs offer employees company stock as part of their compensation packages. However, this...
by George Dimov | Aug 29, 2024 | NYC Accounting
New York City RSU Tax Restricted Stock Units (RSUs) have become a popular form of compensation. Although these awards can be financially rewarding, they come with specific tax obligations, especially for those living and working in New York City. The New York City RSU...
by George Dimov | Aug 28, 2024 | NYC Accounting
ESPP Accounting Employee Stock Purchase Plans (ESPPs) offer a valuable benefit, allowing employees to buy company stock at a discount. This unique opportunity to invest in the company can involve complex tax and financial reporting. At Dimov CPAs, we provide...
by George Dimov | Aug 27, 2020 | NYC Accounting
Top Accounting Firm At George Dimov, CPA, we understand the challenges new businesses face amidst tough competition and economic conditions. That’s why we offer top-notch tax and accounting services in NYC, recognized as a top accounting firm for both individuals and...
by George Dimov | Jul 27, 2019 | NYC Accounting
The IRS recently announced that they will be sending letters to 10,000 taxpayers regarding missing cryptocurrency transactions from their returns. Amending return is crucial in such cases to avoid penalties. There are three notices being sent out, most typically...
by George Dimov | Jan 14, 2019 | NYC Accounting
When it comes to taxes, there are numerous factors that need to be considered. This is especially true for business owners. A limited liability company (LLC) is one of the newest forms of businesses that is actually formed through the state. Because these types of...
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...
