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Tax Articles

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Chris Martin, CPA, SobelCo
 As round two of Paycheck Protection Program (PPP2 or PPP Second Draw) rolls out, it is clear that the information available can be overwhelming...
David Segelman, SobelCoScott Cost, SobelCo
On December 27, 2020, President Trump signed The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTR or the “Act”), part of the...
Chris Martin, SobelCo
The U.S. Senate and House of Representatives overwhelmingly passed the Consolidated Appropriations Act, 2021, a COVID- 19 relief bill on Monday,...
David Segelman, CPA, MST, SobelCo
With the 2020 Presidential election behind us, please see certain proposals below that were mentioned by President-elect Biden during the campaign....
Jaime Petrella, SobelCo
In response to the COVID-19 pandemic, the New York Department of Taxation and Finance has finally issued guidance regarding tax liability for New...
John Mayer, SobelCo
Cryptocurrency is a form of virtual currency that has risen in popularity over the last decade and has prompted the Internal Revenue Service (IRS) to...
Thomas E. Makac, CPA, SobelCo
On September 30, 2020, the Internal Revenue Service (IRS) issued final guidance on the changes made to the deductibility of meals and entertainment...
Shannon Teel, CPA, SobelCoKaren Henderson, CPA, SobelCo
On September 24, 2020, the New Jersey Legislature passed bill A10 (“Bill”). The Bill contained important tax related information effective beginning...
Michael Cornell, SobelCo
On March 20, 2020 Governor Cuomo signed the New York State on Pause executive order, closing 100% of non-essential businesses statewide.  Since...
Businesses handling cash transactions may be required to report some of those transactions to the Internal Revenue Service. The law requires...

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