Category Archives: Taxes

A Tale of Two Reports

Yesterday, the Tax Foundation praised the recently enacted tax reform in New York.  The lowering of the corporate tax rate has rapidly moved the state up the charts.  So mission accomplished right?  New York is now competitive and “open for … Continue reading

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Tax Reform: Only One Part of a Broad Plan

Earlier this month, the New York State legislature passed a budget that included several important tax reforms. NFIB/NY identified several of these measures as priorities in its 2014 Legislative Agenda, including reform of the estate tax, tax cuts for manufacturers, … Continue reading

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Albany’s Small Business Problem

In a town where superlatives flow unabated, perhaps at no greater intensity than the days that follow a state budget deal, its time for a reality check. Albany has a small business problem. This is not a new problem that … Continue reading

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State Budget Is Better Than Last Year, But Not A Grand Slam

With the final votes cast less than twelve hours earlier, yesterday morning the Governor and legislative leaders held a celebratory press conference on the enacted state budget for 2014-15.  The message, in perhaps a nod to beginning of of baseball … Continue reading

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NFIB Legal Center Dissents in Sarbanes-Oxley Case

This was a disappointing week for small business in the Supreme Court. As we have argued in the past, the heavy-handed and complex requirements of the Sarbanes-Oxley Act were never intended to apply to independent companies. The Act was meant … Continue reading

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‘Circuit breaker’ won’t fix New York’s property tax problem

As printed in today’s Buffalo News… Gov. Andrew M. Cuomo has rightfully focused on New York’s property tax burden since taking office. We were pleased to work in tandem with the administration in implementing both the highly touted property tax … Continue reading

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Spending Cap Will Ensure Tax Cuts Come To Fruition

The National Federation of Independent Business (NFIB), which supports most of Governor Cuomo’s tax cut proposals, today said the best way to ensure their full implementation is to cap state spending increases at two percent. “The Governor’s budget assumes that … Continue reading

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Estate Tax Reform a Big Deal for NY’s Small Business Owners

Governor Cuomo included a tax cut package in his executive budget proposal unveiled in January as a nod to struggling businesses in New York State. The package includes several components that are similar to those in the NFIB/NY Legislative Agenda … Continue reading

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NFIB/NY Testifies on the State Budget

2014 Legislative Public Hearing on 2014-15 Executive Budget Proposal – Taxes  NFIB/NY State Director Michael Durant February 10, 2014 Good morning. First, let me thank you Senator DeFrancisco and other members of this joint committee, for allowing me to be … Continue reading

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Worker Misclassification: Increased Audits and Penalties in New York State

New York State employers should be vigilant about the proper classification of workers as employees or independent contractors on a go-forward basis. Although businesses already may be aware of the 2007 Questionable Employment Tax Practices (QETP) state-federal initiative to crackdown … Continue reading

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