An estimated tax deposit is due June 15, 2022 for owners of NYS S-Corporations and Partnerships that opted into New York State’s Pass-Through Entity Tax regime.
In today’s business world, businesses aim to achieve set goals. However, there can be numerous threats hindering those goals. To prevent and correct these threats, businesses should assess Internal Controls to help safeguard the company’s interests and stop fraudulent activities.
As part of the NYS Fiscal Year 2023 budget, effective for tax years beginning in 2022, there are now two classes of S Corporations for purposes of the NY PTET calculation.