FF&F News & Events


New York State

PrompTax: Required Participation for Withholding Tax Payments

The PrompTax program is an electronic filing and payment program used for remitting payroll tax withholding (including metropolitan commuter transportation mobility tax) as well as sales, motor fuel and petroleum business taxes. NYS is requiring mandatory participation in this program for businesses who meet the enrollment criteria.

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Ledger & pen

Internal Control: Why It’s More Important for Small Businesses

Businesses with fewer than 100 employees accounted for the highest percentage of fraud instances and higher median loss than their larger counterparts, as reported by the Association of Certified Fraud Examiners (ACFE). Fortunately, there are steps your company can take to help prevent and detect fraud. The most important step for any small business owners is to implement properly designed internal controls.

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US Supreme Court 2

Sixth Circuit Upholds Use of a DISC to Fund Roth IRAs

In a recent decision, the United States Court of Appeals for the Sixth Circuit confirmed the legitimacy of the strategy of using a Domestic International Sales Corporation (DISC) as a vehicle to fund a Roth IRA. This decision is particularly noteworthy for individuals who have interests in businesses that sell products for export.

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FF&F Attends International Conference in Berlin for Professional Firm Leaders

The Alliott Group 2017 EMEA Regional Conference in Berlin takes place over four days and will enable attendees to listen to and learn from a range of speakers on business, technical, marketing and firm improvement topics that will help their firms and their clients to be smarter and more strategic in the way they do business, particularly when business crosses geographic borders.

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Calculator & Books

Benefits of Using Xero Accounting Software

It’s likely you’ll begin hearing more about Xero accounting software, a cloud-based alternative to QuickBooks that has been used by an increasing number of small and midsize businesses over the past several years.

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Funding Your LLC or Partnership

When setting up a new LLC or partnership, a common question is how to fund the new entity. Should it be funded with a personal loan, or should you invest money into the entity in the form of equity?

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