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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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New York State Tax Law Changes
NYS lawmakers recently restructured the state's tax code, passed funding for infrastructure projects, reduced the MTA payroll tax and provided relief funds for flood victims. The purported new tax structure is as follows: $40k-$150k, 6.45%; $150k to $300k, 6.65%; $300k to $2M, 6.85% and over $2M at 8.82%. This rate change is anticipated to generate $2 billion in additional revenue for the state. Within this package there is also a potential for a one year extension of the NYS Qualified Emerging Technology Company (QETC) credit.
For more information on how the QETC changes might help your business, contact one of our QETC team members.