Minimum Wage Changes
Starting on December 31, 2015 the minimum wage for NYS is increased to $9.00/hour. For tipped employees the minimum wage is 7.50 with a tip offset of 1.50.
Unclaimed Funds
A quick and easy search online can be extra money this holiday season! Check to see if there is any for you at the Comptrollers office by clicking here http://www.osc.state.ny.us/ouf/
Financial Planning – Applying for Social Security
What happens if I apply early or later for Social Security Benefits? Click on the link for a short explanation. Financial Planning – When Should You Apply for Social Security
Financial Planning – Changes in Social Security
If you were born before April 30, 1950 the File and Suspend option is expected to be eliminated on May 1, 2016. See attached link for more information. Financial Planning – Changes in Social Security Rules
Capital Gains/Losses
Do you have losses in your portfolio? Consider selling before 12/31 to receive up to $3000 in possible tax deductions. Click here for more information: Financial Planning – Realizing Capital Gains and Loses at Year End
IRS SCAM PHONE CALLS
There is an alarming amount of people receiving calls from the “IRS” claiming there is money due from your taxes, that they are going to arrest you if you do not comply, or various other threats. The IRS contacts you by … Read More