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Expert Tax & Accounting Insights — Page 8

Stay informed with the latest tax strategies, accounting best practices, and financial insights from our team of experienced CPAs.

Page 8 of 32

What is Non-Taxable Merchandise in New York?

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 essential items, encourage economic activity, and support certain organizations. Not all products are taxed equally, and knowing which items are non-taxable can help both consumers and businesses avoid unnecessary costs.

December 12, 2025Tax Strategy & Planning5 min read

What Can I Buy Without Tax in New York?

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.

December 12, 2025Tax Strategy & Planning5 min read

What is the Sales and Use Tax in NY State?

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.

December 11, 2025Tax Filing & Compliance5 min read

Is Everyone Getting $ 3000 From the IRS?

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.

December 11, 2025Tax Filing & Compliance5 min read

Who Will Qualify for the $ 1400 Stimulus Check?

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.

December 11, 2025Tax Strategy & Planning5 min read

Is NYS Sending Out Checks in 2025?

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.

December 11, 2025Tax Filing & Compliance5 min read

What Are Inflation Refund Checks?

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.

December 10, 2025Tax Strategy & Planning5 min read

What Countries Accept U.S. CPA?

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.

December 10, 2025Tax Strategy & Planning5 min read

Can CPAs Work Internationally?

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.

December 10, 2025Tax Strategy & Planning5 min read

How Much Does a CPA Charge?

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.

December 9, 2025Tax Filing & Compliance5 min read

What is the Difference Between a Certificate of Authority and a Resale Certificate in NY?

While both the Certificate of Authority and the Resale Certificate are essential sales tax documents issued by the New York State Department of Taxation and Finance (DTF), they serve completely different purposes within a sales transaction. Simply put, the Certificate of Authority is a business license to collect tax, and the Resale Certificate is a transaction document to claim a tax exemption.

December 9, 2025Tax Filing & Compliance5 min read

Is a Certificate of Authority the Same as a Tax ID Number?

No, a Certificate of Authority is not the same as a Tax ID Number, though both are crucial documents for business compliance in New York. They serve entirely different purposes, are issued by different government agencies, and authorize distinct business activities.