Insights

Recent updates by the Small Business Administration (“SBA”) are captured here, and we expect the SBA to issue additional formal guidance in the next few weeks. The newly released rules may be significant to you and include updates on grant eligibility; calculation, amount, timing and use of grant funds; as well as information on how to apply.

Skilled business valuation experts have several ways to deal with this challenge.

Unfortunately, experience in prior crises shows that well-intentioned efforts to quickly provide aid in the form of large sums of funds to people in need can leave the door open to fraud.

New York Governor Andrew M. Cuomo and legislative leaders have announced an agreement on the state’s fiscal year 2022 budget, which, among its various provisions, will significantly raise tax rates and make New York City the highest taxing jurisdiction in the country. The notable changes are discussed below, and it is important for taxpayers to consider how they may be impacted going forward.

Brian Sanvidge tells ABC21 that the massive government-backed effort isn't designed for market-topping employers like Parkview Health.

Taxes are going up for New York’s highest earners.

Legislation passed Wednesday raises income-tax rates on single filers with more than about $1.1 million of income and joint filers reporting more than about $2.2 million. The changes mean top earners in New York City will be subject to the highest combined local tax rate in the country.

President Biden has put forward the long-awaited $2.25 trillion “American Jobs Plan” spending proposal for a massive infrastructure renovation. The “American Jobs Plan” lays out a budget of $621 billion for transportation infrastructure; $689 billion for building and utilities; and $500 billion for worker training, research and development, and domestic manufacturing initiatives.

Your estate plan may include several different trusts. The reason is that various types of trusts can accomplish a myriad of estate planning goals. Thus, it’s critical to understand the role of a trustee.

If you are creating an estate plan, you might be overlooking one important family member: your pet! While pets might not show typical human emotional behavior, changes in routine and the absence of an owner’s presence will be evident to them.

Non-accredited investors or individuals can now participate in angel investing through various crowdfunding platforms and groups. If you are not currently investing in start-ups but are interested in providing funding, there are a few ways you can get started.