PEO News Alert

This Just In From UHY LLP News...
Quick Links
NEW PEO Team
Next level
Join Our Mailing List
Archive

Have you missed an issue or recently joined our mailing list?

 

All past newsletters can be downloaded from our archive for your reading pleasure.

Are you a PEO that has WSEE's in New York?

New York form IT-204-LL (filing fee payment form) is due January 31, 2013. All Limited Liability Companies (LLC's) and Limited Liability Partnerships (LLP's), both domestic & foreign, that have New York sourced income, gains, losses, or deductions are required to file form IT-204-LL. In addition, every regular partnership (not an LLC or LLP) that has New York sourced income, gains, losses, or deductions and had New York sourced gross income in the preceding tax year of at least $1 million is also required to file form IT-204-LL. This includes all Professional Employer Organizations (PEO's) that are organized and operating as a partnership, LLC, or LLP. An LLC or LLP that has elected to be treated as a corporation for federal income tax purposes is not subject to the filing fee and is not required file form IT-204-LL. A partnership, LLC, or LLP with no income, gains, losses, or deductions from New York sources who are filing a partnership return solely because of a New York resident partner is not subject to the filing fee.

 

The amount of the filing fee varies based on New York sourced gross income for the tax year immediately preceding the tax year for which the fee is due. If the LLC or LLP had no New York sourced income for the preceding year, the filing fee is only $25.

 

Please contact a member of our PEO team for more information.

form fill 

Published by UHY LLP News.   

Copyright � 2011 UHY LLP. All rights reserved.  

  

Our firm provides the information in this newsletter as tax information and general business or economic information or analysis for educational purposes, and none of the information contained herein is intended to serve as a solicitation of any service or product. This information does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisors. Before making any decision or taking any action, you should consult a professional advisor who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.    

 

UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of "UHY Advisors."  UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms.  UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. and UHY LLP are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. "UHY" is the brand name for the UHY international network. Any services described herein are provided by UHY Advisors and/or UHY LLP (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.