MERRY CHRISTMAS AND HAPPY NEW YEAR!
EXTENDER BILL BRINGS CLARITY TO TAX PICTURE
By Nick Hopkins
Partner and Director of Tax Services
With just a few days left before 2016, Congress has finally brought clarity to this year's tax picture with the passage of the "Protecting Americans from Tax Hikes Act of 2015," or PATH. President Obama signed the Act into law on December 18th.
Below are some of the key provisions of the PATH Act of 2015.
October 19, 2015
On Thursday, October 15, 2105, the New York State Liquor Authority adopted 12 new reforms and changes intended to benefit alcohol retailers, wholesalers, and manufacturers. I was at the meeting (for a client on another matter), and it was a lot of fun...but I digress.
The changes are effective immediately. Here they are:
p.s Here is what I do regularly for clients, besides liquor license applications:
** Brokering the Sale of Businesses: I am a NY state licensed real estate broker, and can help you or a client buy or sell a business using my industry contracts, knowledge, and experience.
** Purchase & Sale of Restaurants, Bars, Clubs, and other hospitality businesses. This usually involves asset sales agreements, leases or lease assignments, liquor licenses, and forming corporations.
** Partnership Agreements and Disagreements: Shareholder agreements and fights involving business holding liquor licenses can sometime be very different exactly because of the liquor license angle. If this is something I can help with, please let me know.
** SLA investigations and hearings. If you or a client have a problem with the SLA, I can help either resolve it or handle the enforcement hearing.
** Distillers, Winemakers, and Brewers. Making and selling your own alcohol is an incredible experience, but the legalities are complicated and require specialized legal advice. I work well with business and corporate lawyers to help their clients get what they need.
Hopefully, this helps you understand what I can do for your or your clients. If you want to talk, please call or email me.
Law Offices of David A. Gabay, PC
PO Box 355
Bohemia, NY 11716
Cell Phone: 516-318-5542
You are invited to attend the 2nd webinar in our series:
"Easy Evaluation of Flood & Environmental Risks"
Register to attend "Easy Evaluation of Flood & Environmental Risks"
Identify environmental concerns within a half-mile of an address
FEMA flood information for your property’s area appears in map-based report
Impress clients, investors and lenders with your research!
Tuesday, October 13
11:00 am - Noon (Eastern)
10:00 am - 11:00 am (Central)
9:00 am - 10:00 am (Mountain)
8:00 am - 9:00 am (Pacific)
Space is limited.
Register online today – it’s free!
CRE Tech, developers of TheAnalyst® PRO, is hosting this series of free, informative training webinars. In addition to providing an overview of TheAnalyst® PRO application, these sessions dive deeper into the tools to help you maximize your use of the application’s robus...
We all like to believe that we can handle our own investments without any advise. In Commercial Real Estate investing that is very short sighted. One could never imagine having a problem with their head and going to a foot doctor.Just as our body needs a team of specialists, so do our investments. Assembling a TEAM of professionals to advise and direct (not to decide) can pay back many fold in the life of your real estate investment. Team members should include a Commercial Broker, Real Estate Attorney, Tax Accountant, Appraiser,Title Company, 1031Exchange Intermediary, Engineering Firm, Architect and Developer. There are other specialists that can be needed, but these are, in my opinion, the must haves Before you even start searching for your deal. It is important that these companies work co-operatively on your project. Later we will discuss the roles each has in your acquisition.
We are proud to announce that Foresite-LI has been certified as a Service Disabled Veteran Owned Business (SDVOB) by the New York State Office of General Services. This enables us to bid on and receive Set Aside contracts with various NYS entities. We are also able to sub-contract on awarded contracts enabling those companies in fulfilling SDVOB goals,
To see which companies are currently certified, visit https://veterans.ny.gov/business and click on Directory Of Certified Businesses. When looking for goods or service check here and be certain to get outstanding service from a company owned by a Veteran, you will not be disappointed.
For Vets with a business, requirements are at least 51% ownership and a 10% or more disability from the VA, can apply. Help us grow the opportunities for the men and women coming home and back to the workforce. Entrepreneurship is the most rewarding experience when settling in after Service to our great country.