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At EFP Rotenberg, people-friendly counts as much as fluency and facility in our areas of expertise. Responsive and flexible: read more about us.
Trends
What to know, what to do
Suddenly international accounting standards matter. 24/7 is the new norm. Business models come. And go. Are you ready? Read about trends we’re spotting.
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Albany passes NYS 2010-2011 Budget
August 4, 2010, NYS legislators passed the 2010-2011 fiscal budget which provides for significant changes for NYS individuals and business. Nearly every state resident, and non-residents with related activities within New York State, will be impacted by the Budget. Most notably for state businesses there are mandatory imposed tax credit deferrals, installment of several funds, loss of the timely filing credit for sales tax returns, and replacement of the Empire Zone Program (expired June 30, 2010) with the Excelsior Jobs Program Act.
The Excelsior Jobs Program Act requires planning schedules, annual performance reporting, credit caps determined from the submitted schedules, job creation thresholds and additional eligibility requirement. EFP Rotenberg, LLP is positioned to help your business apply for admittance to the Excelsior Program. We can support you with:
Eligibility identification for the Excelsior Jobs Program
Aggregation and communication of your businesses jobs plan
Aggregation and communication of your capital investment plan
Calculation and claim of your Federal R&D claim and identification of the NYS portion
Annual Performance Reporting
Excelsior Tax Credit Calculations for the Jobs/Investment/R&D/Real Property Components
And other program compliance reporting
Please contact us at: emergingtechnologyteam
efprotenberg [dot] com