JMA Newsletter



Electronic Filing is Mandatory for Withholding Tax Filings (NYS-45 and NYS-1)

New York State makes it mandatory to file Payroll returns electronically beginning April 30, 2015.

Recent development that may affect your tax situation 4.14.14

The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood.


What to Do When You Owe More Taxes Than You Can Pay

April 15 is stressful. So stressful, in fact, that car crash fatalities increase by 6 percent on that day, according to a study in the Journal of the American Medical Association — which sure gives some extra punch to the old adage about death and taxes.

New York State 2014 Budget Passed, Signed by Governor

On April 1, 2014, Governor Andrew M. Cuomo announced the passage of the 2014-15 State Budget bill, which he signed that afternoon.

Energy-Efficient Tax Credits

If escalating energy costs have you looking for ways to reduce your gas and electric bills, here are some tips on how you can cut expenses and reap tax-saving energy credits as well.

Assisting Grandchildren With College Costs

Contributing to a Section 529 college savings program is a great way for grandparents to help their grandchildren pay for college.

Tax Aspects of Becoming Self Employed 

Individual taxpayers are opting to start their own businesses for myriad reasons. Regardless of why you’re contemplating self-employment, you should consider several basic tax-related issues before and immediately after actually leaving your current job.