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Mayer CPAs has created a "Lifebook", the Lifebook is a comprehensive record of your assets and personal information. The book provides an understanding of financial matters to all members of the family in case of a situation that one family member would become solely responsible.
For more information or if you would like to receive a Lifebook, please email Sarah Holzberg at sholzberg@mayercpa.com.
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NYC's Commuter Benefits Law
NYC's Commuter Benefits Law takes effect January 1, 2016. The following dates are incredibly important for employers:
January 1, 2016: NYC's Commuter Benefits Law takes effect.
Beginning January 1, for-profit and nonprofit employers with 20 or more full-time non-union employees in New York City must offer their full-time employees the opportunity to use pre-tax income to pay for their commute. Under federal tax law, employees can currently deduct up to $130 a month from pre-tax income to pay for qualified transportation.
July 1, 2016: DCA may start issuing violations to businesses that do not comply with the law.
The law gives employers a six-month grace period from January to July 1-to begin offering a commuter benefits program. Employers will not be subject to penalties for violations that take place before July 1. The law also gives employers 90 days to cure(correct) a violation before DCA is authorized to seek penalties.
How NYC's Commuter Benefits Law Helps Employers and Employees:
- Benefits for Employers: Employers may save by reducing their payroll taxes. employers can also attract and retain employees by offering a transportation benefit.
- Benefits for Employees: Employees may save be reducing the amount of income tax they pay, and the money they spend on commuting costs is tax-free.
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A warm welcome is extended to our new clients. We thank our clients, vendors and friends for all of their referrals.
Corporate Clients Hampshire House Cartler Apartments Gabriel's Messenger Films, LLC Sharmeen Textile, LLC Perkin & Perkin LLC |
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Mayer CPAs has been nominated as
The Best Accounting Firm on Long Island!
Click here to vote for us!
Keep voting, voting is open till December 15th!
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 Stuart Mayer, Partner, was mentioned in the Who's Who in Accounting. Click here to read.
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Welcome!
A warm welcome to our new staff members:
Administrative Assistant
Thomas Clifford
Staff Accountant
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| | Managing Partner, Robert O. Mayer, speaking at the Nassau County Museum of Art Networking Event. 10/15/15 |
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| | Managing Partner, Robert O. Mayer and Partner, Stuart Mayer with Gerber Finance Inc. at the AANG Cocktail Party. 10/27/15 |
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