NASSAUSUFFOLK

 View Only

  • 1.  NYS Small Business Modification

    Bronze Most Valuable Member
    Posted 04-09-2025 09:38 AM

    Is anybody giving this deduction to a Schedule C client with income less than $250K, but no official "employees?"

    I know the instructions say "employees" but since the sole owner of a Sch C pays FICA on his 1040 I think it should count here.

    Thoughts?

    -Elizabeth



    ------------------------------
    Elizabeth Brown
    CPA
    ELIZABETH BROWN, CPA
    Ossing NY
    914-345-1040
    ------------------------------


  • 2.  RE: NYS Small Business Modification

    Silver Most Valuable Member
    Posted 04-09-2025 10:01 AM

    Client must have an actual employee. The sole proprietor does not count. 



    ------------------------------
    Marc Lusthaus
    CPA, IL
    ROBERT S. LUSTHAUS, CPA PC
    Plainview NY
    516-937-1366
    ------------------------------

    Original Message


  • 3.  RE: NYS Small Business Modification

    Silver Most Valuable Member
    Posted 04-25-2025 02:21 PM

    You need to have filed W-2 forms to qualify.



    ------------------------------
    Larry Prosky CPA
    Prosky & Rosenfeld LLP
    1025 Old Country Road
    Suite 403W
    Westbury, NY 11590
    (516) 873-9600 X1
    (516) 661-6020
    ------------------------------

    Original Message


Discussion Disclaimer

The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion.