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    Month: August 2025

    NY Short-Term Rental Rule

    Effective March 1, 2025, New York now imposes sales tax on the short-term rental of residential real estate, which is now defined as any rental that is less than 90 consecutive days. Those who operate residential real estate must assess whether they are subject to this new sales tax requirement. Our upcoming seminars in December and January will provide detailed examples and strategies to addr...

    No NY Unemployment Surcharge in 2025

    New York State announced that it will pay off its Federal Unemployment Insurance Trust Fund Loan, so employers will not be subject to the Interest Assessment Surcharge (IAS) bills that have been sent to employers during prior summers in recent years. In addition, the repayment of this loan will reduce the federal unemployment tax due from New York employers, since New York will no longer be a ...

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