June, 2024 – Rochester, New York: EFPR Group, LLP announces Paul Shomshor, CPA, MST, has been hired as a Director in the Tax and Business…read more

For individual taxpayers, the new tax law — commonly known as the Tax Cuts and Jobs Act (TCJA) — includes many expected changes, some unexpected…read more

Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per diem” rates that…read more

How Start-Up Expenses Are Handled on Your Tax Return Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new…read more

New York Establishes Employer Compensation Expense Program The Tax Cuts and Jobs Act (TJCA) limits itemized deductions for state and local income taxes for individuals…read more

The COVID-19 relief bill, signed into law on December 27, 2020, provides a further response from the federal government to the pandemic. It also contains…read more

Despite many predictions to the contrary, U.S. employers have continued to add workers to their payrolls and the unemployment rate has remained low — at…read more

Cryptocurrancy Laws Cryptocurrency trades have generated much confusion lately regarding their taxable status. Now, all cryptocurrency trades have become a taxable event, including swapping one…read more

If your not-for-profit has lost financial support during the pandemic, you may be looking for ways to raise new revenue. But if your proposed solution…read more

Many Americans remain unemployed due to the COVID-19 pandemic — at least 9.8 million at the end of April, according to the U.S. Bureau of…read more

California, New York, Texas, and Washington D.C. have recently adopted economic nexus thresholds for sales and use tax collection purposes. California and D.C. adopted South…read more

In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made…read more