Andrew C. Demsky, CPA

t: 516-457-8179 e: acd@andrewdcpa.com

Telephone 516-457-8179 email: acd@andrewdcpa.com

Our Professional Services

UPCOMING requirements and information

UPDATES:

The NYS quarterly sales tax return for sales during the period September 1, 2024 through November 30, 2024 is due to be filed on Friday, December 20, 2024

BOI filing due to be electronically filed by January 1, 2025. Due dates differ depending on the organization date of your reporting entity.

The Corporate Transparency Act ("the Act") set forth strict filing requirements of the "BOI Report" (Beneficial Ownership Information) report. It will be filed with the Financial Crimes Enforcement Network ("FinCEN").

Paper filings will be rejected. I recommend that you hire an attorney to advise you of your filing requirements. Penalties for failure to file, if required, are very punitive. AS OF TODAY, DECEMBER 15, 2024, INTENTIONAL FAILURE TO FILE COULD RESULT IN A $592 DAILY PENALTY, PLUS POSIBLE FINES AND JAIL TIME.

PLEASE NOTE THAT MY SYSTEMS ARE CURRENTLY BEING UPDATED. PLEASE CALL ME RATHER THAN EMAIL BECAUSE THE NEW EMAIL SYSTEM WILL NOT BE FULLY FUNCTIONAL UNTIL APPROXIMATELY DECEMBER 21, 2024. I APOLOGIZE FOR ANY INCONVENIENCE.

Advisory and compliance

New business set-ups, if needed, registration as a Sales Tax Vendor and obtaining your Certificate of Authority
Determining optimal business structure, whether or not to elect S-Corp., form a Limited Lability Company rather than a corporation, etc. and the tax implications of each
Analysis of business operations from the perspectives of fiscal efficiency and maximizing profitability
Preparation of various personal and business tax returns

Management