MARCH 1, 2023 DEADLINE IS APPROACHING FOR REAL PROPERTY TAX EXEMPTION Deadline approaching: If you own commercial, industrial, agricultural or other real property, you may be entitled to a full or partial real property tax exemption. The March 1, 2023 deadline for filing real property tax exemptions is quickly approaching in most jurisdictions. Exemptions are…
NEW YORK CANNABIS DISPENSARY LICENSES ARE NOW AVAILABLE The Office of Cannabis Management has opened the application process for New Yorkers interested in opening a cannabis dispensary. Initially, 150 licenses will be issued throughout New York State, 17 of which are available for locations in the Mid-Hudson region. The license authorizes the license holder to…
BUSINESS OWNERS CONSIDERING SUCCESSION MIGHT WANT TO ACT SOON Successful business owners are eventually faced with the challenge of passing on their business. There are many options, in fact, it may seem that there are too many options. The business could be sold to a competitor. It could be sold to a junior employee. It…
PAPER PAPER EVERYWHERE Do you have boxes of cancelled checks from the 1970s? The receipt for a dishwasher you bought 11 years ago? Papers for a car you sold 5 years ago? Little Sally’s 4th grade report card? Wouldn’t you love to throw all that away? How much of this paper are you supposed to…
DIVERSIFYING YOUR BUSINESS The Covid pandemic has caused all sorts of disruptions to business as usual. Some businesses have thrived while others have gone under. Everyone learned how to meet by Zoom and to be more resilient. For some businesses this means diversifying the goods or services provided to customers. In many ways, bringing on…
PRESS RELEASE For more information, contact: Michele Babcock, Managing Partner J&G LLP, 845-764-9656 FOR IMMEDIATE RELEASE J&G Partners Present Solar, Cannabis, and Residential Development to Appraisal Institute WALDEN, N.Y. – Two partners at the law firm of J&G, LLP (J&G) were selected to present to the Mid-Hudson Chapter of the Appraisal Institute’s 6th Annual…
MEETING WITH YOUR ESTATE PLANNING ATTORNEY Congratulations, you have decided to be a responsible adult and protect your family by making a will or trust. It never ceases to shock us that more than half of the adults in the United States do not have wills. Perhaps it is because of the business we are…
485-b COMMERCIAL REAL PROPERTY TAX EXEMPTION Section 485-b of the New York Real Property Tax Law provides the basis for a 50% reduction of the increase in assessed value due to certain qualifying new construction, alterations, installations or improvements for the purpose of commercial, business or industrial activity, thus reducing real property taxes and some…
How the New Tax Law May Affect Seniors For the 2018 income tax year, the fairly new Tax Cuts and Jobs Act (“Tax Act”) provides some important changes that will save seniors (or their accountants) money and aggravation while completing their 2018 income tax return. New Tax Brackets. To begin, the Tax Act keeps the…
Social Security Update Wage earners pay a percentage of their wages into the Social Security system. Those payments become part of the fund that is used to pay for people who have already retired, are disabled, or are survivors or dependents of workers who have died. Any unused portion of such payments become part of…
