(212) 736-0055

Schedule Your Small Business Success Consultation

Blog

Andrew Presti

Small Business Stimulus Passes Congress

The House on Thursday passed the Small Business Jobs Act of 2010 (HR 5297) by a vote of 237–187, and sent it to the President, who is expected to sign the bill into law. The bill, which passed the Senate last week, expands loan programs through the Small Business Administration (SBA), strengthens small business preference […]

Read more
Andrew Presti

Home loan demand ebbs

U.S. demand for home loans fell for a third straight week last week while prices for single-family homes retreated further in July as the housing market struggles for balance with less government support. Loan applications to buy homes fell 3.3 percent, the Mortgage Bankers Association said on Wednesday. A second report showed the Federal Housing […]

Read more
Andrew Presti

Changes to the Sales Tax Exemption for Clothing and Footwear

Chapter 57 of the Laws of 2010 recently amended the sales and use tax law to enact changes to the state’s exemption for clothing, footwear, and items used to make or repair clothing (clothing and footwear) sold for less than $110 per item or pair. These law changes also allow counties and cities that impose […]

Read more
Andrew Presti

Expiring Bush tax cuts

Tax cuts enacted in 2001 and 2003 are to expire in January unless Congress renews them. The highlights: • Income tax rates were reduced, to a bottom rate of 10 percent and a top rate of 35 percent. If the cuts expire, the bottom rate would increase to 15 percent, the top rate would rise […]

Read more
Andrew Presti

6 Figures to Financial Success

The Greek philosopher Pythagoras is reported to have said, “Numbers rule the universe.” Not a surprising observation for a man who was also a mathematician. But even ordinary people are often ruled by numbers on an almost daily basis, whether figuring sales tax, measuring a rug for the living room or baking a cake. We […]

Read more