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New York State's Tax Increase: What High Earners Need to Know — Update


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Dow Jones
By Karen Langley
Taxes are going up for New York s highest earners.
Legislation passed Wednesday raises income-tax rates on single filers with more than about $1.1 million of income and joint filers reporting more than about $2.2 million. The changes mean top earners in New York City will be subject to the highest combined local tax rate in the country.
Income-tax increases are part of a broader state budget deal supported by Gov. Andrew Cuomo. Mr. Cuomo had proposed delaying a scheduled decrease in rates for middle-class payers, but the legislation allows those tax cuts to proceed.
Also in the legislation: a way for some business owners to avoid the $10,000 cap on state and local tax deductions know as SALT that stung residents of high-tax states such as New York, New Jersey and Connecticut. ....

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Anchin Launches Emerging Manager Platform for Hedge, Private Equity, Real Estate and Venture Capital Funds


Anchin Launches Emerging Manager Platform for Hedge, Private Equity, Real Estate and Venture Capital Funds
The Platform is a Collaboration among the Firm s Financial Services, Private Equity and Real Estate Groups
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NEW YORK, March 16, 2021 /PRNewswire/  
Anchin, Block & Anchin LLP ( Anchin ), a leading accounting and advisory firm, announced that it has launched an emerging manager platform for start-up and early-growth hedge, private equity, real estate and venture capital funds, offering a unique mix of traditional and non-traditional professional services across audit, tax, advisory and consulting. The platform combines the expertise of Anchin s Financial Services, Private Equity and Real Estate Groups. ....

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Anchin Launches Emerging Manager Platform for Funds

Anchin Launches Emerging Manager Platform for Funds
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Anchin Opens Long Island Office to Accommodate Growing Team of Industry Experts


Anchin Opens Long Island Office to Accommodate Growing Team of Industry Experts
Leading Accounting and Advisory Firm Adds Space and Expands its Marketplace Presence
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NEW YORK, March 5, 2021 /PRNewswire/  
Anchin, Block & Anchin LLP ( Anchin ), a leading accounting and advisory firm based in New York City, announced that it has opened an office on Long Island, in Uniondale, New York, on February 15, 2021. Opening the office accommodates the need for suburban space to collaborate and work together, and to meet growing marketplace demand for Anchin s strong expertise in providing companies and high net worth families with specialized business and tax guidance. Anchin has long-served clients on Long Island and this new location will enable closer proximity to an increasing number of Anchin s clients, including high net worth families and individuals served by Anchin Private Client, throughout Long Island. ....

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