New York Resource Center

Tax and bookkeeping guidance for New York business owners.

New York has its own tax rules that layer on top of federal requirements. This resource center covers the topics that matter most to small business owners in New York State, New York City, and Queens — from a CPA based in Flushing.

MEET GSB TAX is based in Flushing, Queens, New York. Gurmeet Singh, CPA works with small business owners across New York City and New York State, as well as clients in other states who need guidance on multi-state tax situations. The firm serves clients remotely and in person.

929-586-1345 · [email protected]

New York tax topics that affect small businesses

New York State income tax

Separate from federal, with its own rates and rules for business income.

New York City income tax

Applies to individuals and unincorporated businesses operating in the five boroughs.

LLC filing fee

Annual fee based on New York gross income, separate from income tax.

Sales tax

Broad application in New York, including many services not taxable in other states.

Metropolitan Commuter Transportation Mobility Tax

Applies to self-employed individuals in the MCTD above a net earnings threshold.

Estimated tax payments

New York has its own schedule and safe harbor rules separate from federal.