Green & Seifter, Attorneys, PLLC

Consolidated Funding Application (CFA) Support

With the release of New York's Consolidated Funding Application, Governor Cuomo's economic development strategies are being implemented. Municipalities, businesses and not-for-profit organizations are faced with the task of…more

| Business Organizations, Commercial Law & Contracts, Government...

New "Wage Theft Prevention Act" Toughens Penalties for Employers

The new “Wage Theft Prevention Act” provides a major overhaul to the New York Labor Law by toughening penalties for employers that breach the Labor Law, and by expanding anti-retaliation protections for employees. The changes…more

| Administrative Law, Business Organizations, Labor & Employment Law, Law...

Information Reporting for Rental Property Activities

The Small Business Jobs Act of 2010 added new reporting requirements relating to rental property expenses. Pursuant to Section 6041(a) of the Internal Revenue Code, all persons engaged in a trade or business are required to…more

| Business Organizations, Finance & Banking, Real Estate - Commercial,...

2010 Deadline for Amendment to Retirement Plans: HEART

The Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART) amended the Internal Revenue Code to provide tax benefits and other benefits for military personnel. Employers were not required to formally amend retirement plan…more

| Business Organizations, Health, Insurance, Labor & Employment Law,...

Small Business Jobs Act of 2010

The Small Business Jobs Act includes many tax incentives that are effective immediately, such as bonus depreciation for 2010, enhanced Code Sec.179 expensing for 2010 and 2011, deductions for self-employed taxpayers for the…more

| Business Organizations, Commercial Law & Contracts, Taxation

Update on Health Care Reform - W2 Reporting Reprieve

The IRS has issued a one year reprieve granting relief to employers from the reporting the value of employer-sponsored health coverage on each employee’s annual W-2 beginning in 2011…more

| Business Organizations, Health, Insurance, Labor & Employment Law,...

IRS Launches Compliancy Check Program for 401K Plans

Earlier this year, the Internal Revenue Service (IRS) initiated a project to survey the level of 401(k) plan compliance with tax laws and regulations. As part of the project, the IRS sent a comprehensive questionnaire to a…more

| Administrative Law, Business Organizations, Health, Labor & Employment...

Protecting Your Assets: Practical Advice for Avoiding Employee Theft of...

Employee theft of confidential and proprietary information is pervasive. Two-thirds of the admitted thieves acknowledged that they did so in order to assist them in new jobs. The cost of this thievery can be staggering for many…more

| Administrative Law, Business Organizations, Commercial Law & Contracts,...

2008 and 2009 Empire Zone Business Annual Reports

This alert contains information regarding the schedule for 2009 Business Annual Reports (BAR) and 2008 BARs for business enterprises who are successful in appealing decertification to the Empire Zone Designation Board. …more

| Environmental Law, Zoning, Planning & Land Use

Governor’s Proposed 50% Deferral of Empire Zone Tax Credits

Earlier this week the Governor released a “fact sheet” for a proposal to generate $620M in “additional savings actions” (gap fillers) designed to supplement the Governor’s Executive Budget. One of the proposed “gap fillers”…more

| Environmental Law, Zoning, Planning & Land Use

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