New York Archives - Wiss & Company, LLP

Tag: New York

New York City Salary Transparency Law Amendment

Written on May 16, 2022. Posted in Human Resources.

As announced in our earlier blog, earlier this year legislation was passed requiring New York City employers with four or more employees to include salary ranges in job postings beginning this month. Employers who have dreaded this mandate can breathe a temporary sigh of relief due to a recent amendment which has now been signed by Mayor Eric Adams. The New York City Council had recently passed an amendment to the pay transparency law which was set to go into effect May 15, 2022. ...

New York City Employers: New Vaccination Requirement

Written on December 16, 2021. Posted in Human Resources.

As expected, new guidance has now been released related to Mayor Bill de Blasio’s recent Order requiring New York City employees to provide proof of vaccination to their employers. As of December 27, all employees of private businesses in New York City will need to provide proof of at least one dose of the COVID-19 vaccine. By this date, businesses will be required to verify and keep record of each employee’s proof of vaccination. Anyone who cannot provide proof of vaccination...

NY HERO Act Activation

Written on September 14, 2021. Posted in Healthcare, Human Resources.

As mentioned in our earlier blog, What You Need to Know About the HERO Act, NY private employers were obligated to develop a safety plan should COVID-19 ever be designated an infectious disease. New York’s Governor Hochul has now made this designation, thus triggering activation of the safety plans created by employers under the NY HERO Act. As a result of this designation, NY employers must implement the plans they had adopted. Employers should now take the following action steps: Review...

The Pass through Entity Tax (PTET) Now Applies to New York State – Here’s What You Need to Know.

Written on April 15, 2021. Posted in State & Local Tax Services, Tax, Tax Alerts.

Featuring Phil London, Partner Emeritus Legislative changes in the New York State budget have created the highest combined local tax rate in the country for some New York City residents. At the same time, a Pass Through Entity Tax (PTET) was enacted in New York State. Below, Philip London, member of the New York State Society of CPAs, and the New York, Multistate and Local Taxation committee, provides insight on the new law. Tell us about your involvement in the passing...

New York State Paid Leave for COVID Vaccine

Written on March 16, 2021. Posted in General Business, Healthcare, Human Resources.

New York State employers will now be required to provide paid leave to employees who receive the COVID vaccine. The recently passed legislation, already signed into law by Governor Cuomo, takes effect immediately and ends December 31, 2022. The new law requires all employers in New York State to provide their workers with a “sufficient period of time, not to exceed four hours”, for each injection. Employees must be paid their regular rate of pay for the period of leave. Employees...

NYC Relief Available for Small Businesses

Written on April 1, 2020. Posted in Financial Planning, General Business.

By Tricia Meola In an effort to help small businesses deal with the overwhelming impacts of COVID-19, New York City has launched the following two initiatives: NYC Employee Retention Grant Program Created to help companies retain employees as businesses face decreased revenue as a result of COVID-19 Eligible businesses will receive a grant covering up to 40% of their payroll for two months; maximum funding of $27,000 Eligibility requirements include: Must be located within the...

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