New Small Business Tax Rule for 2022 The American Rescue Plan Act of 2021 is a $1.9 trillion economic stimulus bill designed to facilitate US recovery from the economic and health effects of the pandemic. After a change within the Act, starting in 2022, small business owners or freelancers that get paid from a digital…
Advance Child Tax Credit Payments to Begin July 15, 2021 The American Rescue Plan, which was passed in March 2021, included a one-year expansion of the Child Tax Credit that increases the total credit available. Under the American Rescue Plan, it also allows the tax credit to be distributed in advance periodic payments. However, the…
Congress Deadlocked on Additional Stimulus Relief Congressional Democrats and Republicans are holding firm to their differing priorities on a new round of stimulus relief. Democratic leadership in the House and Senate are continuing to push for the Health and Economic Recovery Omnibus Emergency Solutions Act, or the HEROES Act, which was introduced in the House…
New York Provides Additional Relief for Small businesses, Nonprofits and Small Landlords In the wake of the COVID-19 pandemic, New York State has implemented a new economic recovery loan program known as the New York Forward Loan Fund (NYFLF). The loan program is targeted at supporting small businesses, nonprofits and small landlords within New York…
Federal Stimulus Relief Package Includes $350 Billion Loan Program for Small Businesses Impacted By Covid-19 Epidemic On Friday March 27, Congress signed into law an unprecedented $2 trillion federal corona virus relief package, officially known as the CARES Act, which includes nearly §350 billion of funding for small business loan program. The program is designed…
Notice Now Required of Establishments Submitting a New or Renewal of Liquor License On December 20, 2019, Governor Cuomo signed Senate Bill S2359, amending the Alcoholic Beverage Control Law to require the posting of notice by certain establishments of a new or renewal application for a liquor license. The bill, passed by a 61-1 vote…
Federal Regulations to Ease Access to Healthcare Records Raising Privacy Concerns Landmark medical information-sharing rules, proposed this year by the Department of Health and Human Services, are intended to make it easier for people to see their medical records, manage their illnesses, and understand their treatment choices. The rules would require health providers to send…
New York passes Its Own DREAM Act The New York State Assembly and Senate pass the Jose Peralta DREAM Act. Under the proposed legislation, state tuition assistance programs would be available to undocumented immigrants who have attended high school within the state for at least two years and either graduated from high school or obtained…
NY Lawmakers Pass GENDA On January 15, the New York legislature passed the Gender Expression Non-Discrimination Act (GENDA), which prohibits discrimination based on gender identity or expression. Not only does this new law make it illicit to take adverse employment action against someone due to their gender expression or identity, but it also expands the…
Lessons Learned from Tonawanda Coke Corporation With the sources from which we receive information being so diverse and services purporting to handle your company’s research being so ubiquitous, it is important to know and understand the rules, regulations and statutes that govern your respective industry. Western New York residents are familiar with the near decade…