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HAPPY WORLD WETLANDS DAY! February 2nd is not only Groundhog Day, it is also World Wetlands Day. This is fitting since the existence of fresh water wetlands are vital for the survival of so many species, including groundhogs (and human beings, for that matter). Wetlands are land areas saturated or flooded with water, either permanently…

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Trump Tax Proposals The following is an overview of President-Elect Trump’s (“Trump”) tax plan based upon the tax proposals put forth during his candidacy. Congress must approve the trump tax proposals before they become law and, thus, the final outcome of these proposals are quite likely to be different then the original plan suggested by…

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Tax saving tips: As a Partner here at J&G in New York and also a CPA, I work with individuals, business owners, corporations, municipalities and not-for-profits who all need to stay on top of the latest changes and proposals in tax law. Here are some tax saving tips for business owners that reflect the latest tax law changes…

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Planning for Business Succession and Exit Congratulations on successfully building and growing your business. The odds were against you surviving more than 5 years[1], but you beat the odds. Have your thoughts now turned to retirement? Or cashing out? Planning for business succession and exit successfully will require as much planning as growing it. Business…

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Should you register your brand as a trademark? If you own a business, you have worked hard to stand out from the crowd and portray your products or services as unique and high quality. From a marketing perspective, your brand is the symbol of your business and the way you are recognized in the marketplace….

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Five Essential Considerations when lowering your Real Property Taxes The City of Newburgh Council voted recently to increase property taxes for 2017.  This means City of Newburgh homeowners and commercial property owners will pay more in taxes in 2017, with commercial property owners paying double the increase of residential property owners. Want to lower your real property…

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New York Film Production Tax Credit Expanded to Orange, Ulster, Dutchess, Green, Sullivan and Delaware Counties Film production brings many economic benefits to the locations where it occurs. Hotel rooms get booked, restaurants and caterers get business, drivers, carpenters and electricians get work, and that does not include all the specifically film-oriented jobs including actors,…

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Ballot Selfies are Illegal Voting in New York on Tuesday? Thinking of taking a selfie or a snap chat of your ballot to document your vote? Think again…..You are breaking the law. Ballot selfies are illegal. Publishing a marked ballot on social media is a misdemeanor. New York Election Law §17-130 (10) states “[a]ny person who…

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Facing Foreclosure Without Freaking Out   If you are facing mortgage foreclosure, you do have options.  There are two sides to foreclosure defense – the procedural track before the Court and the dealings with the lender on workout options.  Here, we are focusing on the workout options, but a borrower should note that there are…

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Nothing Stays the Same A historical safe harbor has been doing business using a corporate or limited liability entity.  Officers and employees were protected against claims for their actions as long as they were acting within the scope of their authority in the performance of activities on behalf of the company.  Another safe harbor was…

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