Qualified Business Income Deduction – Section 199A

The Tax Cuts and Jobs Act (TCJA) adds a new deduction for noncorporate taxpayers for qualified business income. The deduction reduces taxable income, rather than adjusted gross income, and is available to taxpayers who qualify, even if they take the standard deduction. The deduction is 20% of the taxpayer’s qualified business income (QBI) from a partnership, …

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Guidance for New York’s Sexual Harassment Laws – Reviewing the Policy and Compliance

By Christina Galasso, MST, CPA In an effort to combat sexual harassment in the workplace, and as part of the 2018 Women’s Agenda for New York: Equal Rights, Equal Opportunity, Governor Cuomo signed into law the 2018-2019 NYS Budget updating the State’s sexual harassment laws. On October 1, 2018, the State rolled out their first …

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