Blog
Stay informed with the latest tax strategies, accounting best practices, and financial insights from our team of experienced CPAs.
Page 3 of 32
Browsing all posts: Page 3 of 32
In New York State, not all purchases are subject to sales or use tax. Certain goods and services are exempt from taxation, allowing consumers and businesses to save money. Knowing what items are tax-free helps you plan purchases effectively and ensures compliance with state tax laws.
New York State applies sales and use tax to most tangible goods and select services. Businesses must collect and remit this tax, while consumers are responsible for use tax on out-of-state purchases. Understanding these rules is vital for staying compliant and avoiding penalties.
Rumors of a universal $ 3000 check from the IRS have gained traction on social media, but these claims are not true. As of 2025, there is no federal program authorizing a new $ 3000 stimulus, rebate, or automatic payment to all Americans. Here is what you need to know.
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 but never received it. This payment is not new—it is part of the 2021 Recovery Rebate Credit.
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 relief from increased costs due to inflation.
Inflation refund checks are meant to counteract the increased cost of living and are distributed by the states. These checks do not come from the IRS, rather, they are a result of state budget surplus, taxpayer relief programs, and/or one-off legislative actions. To put it simply, these are meant to be refunds to qualified residents. The amounts differ from state to state and are subject to legislative approval. These refunds are not guaranteed, and thus payments are not issued yearly.
The CPA (Certified Public Accountant) credential from the U.S.A. is respected worldwide but can only be accepted in certain foreign countries, depending on the type of accounting or auditing work. While U.S. CPA licensed professionals can practice in the U.S. as well as in some countries, they can also work advisory, tax, or corporate jobs in foreign countries that recognize the CPA certification, some of which have agreements for CPAs to work in those countries.
An International CPA must be a Certified Public Accountant and also possess qualifications in international tax and/or global accounting. This CPA credential, however, is U.S.-based. Accountants that work in more than one country may hold additional international designations depending on the countries and services in which they operate. This type of professional is a specialist in global compliance, cross border tax planning, and accounting for multiple countries.
CPAs are able to work abroad, but the details of their work and the rules they need to follow change from country to country, as do the services they are performing. Unlike many other countries, in the US CPAs are licensed in their profession, and their certification gives them the right to perform accounting and tax services only in the US. However, they work with international clients, global corporations, and expatriates.
The cost of hiring a Certified Public Accountant (CPA) varies widely depending on the services you need, the complexity of your financial situation, and the region where you operate. CPAs provide a range of services, including tax preparation, accounting, financial planning, and business consulting — which all influence pricing.
Do you need an international tax accountant? The triggers, the double tax decision, the estate exposure most people miss, and how to verify a CPA license.
The time it takes to obtain a New York Certificate of Authority varies significantly depending on which of the two primary certificates you are applying for and your submission method. The quickest processing times are typically available through online filing and expedited services.