You may have recently received a notice in the mail from the New York State Department of Taxation & Finance titled “Notification of Required Participation,” stating that you are now required to participate in the NYS PrompTax withholding tax program. The PrompTax program is an electronic filing and payment program used for remitting payroll tax […]

New York, NY, May 10 2017 – Representatives from Farkouh, Furman & Faccio (“FF&F”) will be attending the Alliott Group 2017 EMEA Regional Conference in Berlin this week (10-13 May). The conference is focused on the latest developments and trends in global business, with accountant and lawyer member delegates learning how to become more effective firm […]

At a press conference in Washington D.C. on April 26, President Trump’s proposed tax changes were announced, with a heavy emphasis on the reduction of individual and corporate tax rates. The administration’s proposed changes also include the elimination of the alternative minimum tax (AMT) and federal estate tax, as well as the elimination of net […]

If you haven’t already, it’s likely you’ll begin hearing more about Xero accounting software, an alternative to QuickBooks that has been used by an increasing number of small and midsize businesses over the past several years. Xero, like QuickBooks, is a cloud-based software that assists its users with organizing and carrying out standard accounting and […]