Bousquet Holstein PLLC is pleased to announce that Gwen Z. Gou has joined the firm's Business Transactions and Taxation Practice Groups. Gwen participated in the Bousquet Holstein Summer Associate Program in 2013. Gwen is a graduate of Cornell Law School, where she was selected onto the External/International Moot Court Competition Team for two consecutive years and participated Read More »
Paul M. Predmore has been elected President of the Board of Trustees of the Loretto Foundation. Paul previously served as Secretary to the Board, and has volunteered his time at the Loretto Foundation for 3 years. A member of the Board of Managers at Bousquet Holstein, Paul focuses his practice on Tax Planning and Advocacy, Read More »
New York Governor Andrew Cuomo has signed into law several bills that expand protections against gender discrimination, sexual harassment, and domestic violence. This comprehensive legislation amended several New York laws that directly impact New York employers. A summary of the recent changes and how it affects employers is provided below. 1. The remedies available to Read More »
A Friend Most Unwelcome. Prologue: Those who have followed my articles for Fleet Feet Syracuse will note that this is not the promised story of the Mystery of Pleasure from Pain. I'll get back to it eventually. Maybe. For this installment, I have something else about which to write! It’s the tale of a friend Read More »
On January 16, Governor Cuomo introduced the New York FY 2019 Executive Budget ("Budget"). The Budget includes a proposal to revive an emergency measure, originally passed in the wake of the Great Recession, which would defer taxpayers' ability to claim certain tax credit amounts. Like the original version, which was passed in 2010, the Governor's Read More »
Effective December 5, 2018, the New York State Authorities Budget Office ("ABO") promulgated regulations entitled "Standard Application Form" and added them as Part 250.1 to Title 19 of the New York Codes, Rules and Regulations (the "New Regulations"). The ABO asserts that the New Regulations will increase the accountability of Industrial Development Agencies ("IDAs") and Read More »
In mid-May, the United States Trade Representative ("USTR") published a proposal to impose additional 25% tariffs on approximately $300 billion worth of goods imported from China ("List 4"), pursuant to Section 301 of the Trade Act of 1974. List 4 covers 3,805 full and partial tariff subheadings ranging from agricultural products to manufactured goods. A Read More »
As part of Governor Cuomo's efforts to expand New York's anti-discrimination laws, the Governor signed new legislation which will effectively prohibit employers from making wage or salary inquiries with job applicants and employees. The new law takes effect on January 6, 2020 and provides that no employer shall: a. Rely on the wage or salary Read More »
This alert is part of the OZ Series that highlights topics in the Opportunity Zones final regulations published in the Federal Register on January 13, 2020. One of the changes in the final regulations makes it easier for taxpayers with capital gains from the sale of business property to receive tax benefits under the Opportunity Read More »
On April 9, 2020, included among a large number of tax return filing and payment extensions, the IRS extended the deadline for taxpayer's with capital gain to invest in a Qualified Opportunity Fund. In order to defer capital gain by investing in the Qualified Opportunity Fund, the capital gain must be invested within 180 days Read More »