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Town of Dresden – Financial Condition and Town Clerk Operations (2016M-369)
… Purpose of Audit The purpose of our audit was to evaluate the Town’s financial condition … January 1, 2012 through May 31, 2016. Background The Town of Dresden is located in Washington County and has … Town of Dresden Financial Condition and Town Clerk Operations …
https://www.osc.ny.gov/local-government/audits/town/2017/11/21/town-dresden-financial-condition-and-town-clerk-operations-2016m-369Village of Suffern – Budget Review (B23-6-2)
… estimate the total 2023-24 collections for water and sewer rent revenues will be approximately $2.08 million and $2.47 … and approximately $448,000 less than budgeted for sewer rent revenues. The Village’s tentative budget includes a tax … Further review the reasonableness of the water and sewer rent revenue estimates before adopting the budget. Be mindful …
https://www.osc.ny.gov/local-government/audits/village/2023/04/14/village-suffern-budget-review-b23-6-2State Agencies Bulletin No. 1522
… the earn code CFR . This amount is used for reporting and tax withholding purposes only and does not increase the employee’s compensation. Tax Information CFR is subject to all applicable withholding … to affected PEF participants informing them of the tax implications. CSEA CSEA participants are informed of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1522-certification-licensure-and-exam-fee-reimbursement-clefr-2016State Agencies Bulletin No. 1436
… tax withholding purposes only and does not increase the employee’s compensation. Tax Information CFR is subject to … taxes. The CLEFR amount will be reported on the employee’s Form W-2 in box 14 under code FRB . Payroll … CSEA CSEA participants are informed of the taxability upon enrollment in the program. Questions Questions regarding this …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1436-certification-licensure-and-exam-fee-reimbursement-clefr-2015DiNapoli Releases May State Cash Report
… million from a financial settlement with Credit Suisse AG that was not included in the Enacted Budget Financial …
https://www.osc.ny.gov/press/releases/2014/06/dinapoli-releases-may-state-cash-reportThe 80/20 Housing Program (Follow-Up)
… provides low-interest financing to multifamily rental developers who commit to designate at least 20 percent of a … provide real estate tax abatements, as incentives to developers. In New York City, participating Program developers receive tax abatements through Section 421-A of …
https://www.osc.ny.gov/state-agencies/audits/2018/11/13/8020-housing-program-followCity of Glen Cove – Budget Review (B7-15-17)
… the significant revenue and expenditure projections in the City’s preliminary budget for the 2016 fiscal year are … reasonable. Background The City of Glen Cove is located in Nassau County. Our Office completed a review of the City’s … refunds, which have averaged $848,000 over the last three years. City officials told us they intend to use debt …
https://www.osc.ny.gov/local-government/audits/city/2015/10/16/city-glen-cove-budget-review-b7-15-17Local Government Data
… Download annual financial data spreadsheets by class of local government and year. Use Open Book New York to see data for an individual local government. File local government data with the Office of the State … Local Government Data …
https://www.osc.ny.gov/local-government/dataState Agencies Bulletin No. 1659
… System (SFS) in 2018 Background Under the previous tax law, qualified employees could deduct the reasonable costs of moving expenses. The Federal Tax Cuts and Jobs Act signed into law on December 22, 2017 suspends the moving expense deduction for tax years beginning after December 31, 2017 through December …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1659-tax-withholding-moving-expenses-tax-year-2018State Agencies Bulletin No. 1441
… Plan check box in Box 13 of Form W-2, must be checked for most employees and left unchecked for others. Affected Employees Employees receiving a 2015 … Background Internal Revenue Service (IRS) Instructions for Form W-2 require that the Retirement Plan check box in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1441-retirement-plan-checkbox-form-w-2-wage-and-tax-statement-calendar-yearState Agencies Bulletin No. 914
… regarding withholding of Social Security and Medicare taxes for employees receiving a military stipend. Affected … stipend is exempt from Social Security and Medicare taxes and must be reported on a Form 1099. The regulation was … employees, it was concluded that OSC must withhold these taxes as usual. IRS has recently issued new regulations on …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/914-change-taxation-military-stipendsDiNapoli: NYC IDA Needs To Improve Its Administration of Business Tax Breaks and Monitoring of Job Creation
… provide their financial statements, and project how many full time equivalent (FTE) jobs will be created or retained … practices and improvements made in recent years. Its full response is included in the audit. Audit NYC Industrial …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-nyc-ida-needs-improve-its-administration-business-tax-breaks-and-monitoring-job-creationDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… Sales tax revenue for local governments in New York state rose by 49.2% in the second quarter (April to June 2021) compared to the … the increase largely reflects extremely weak collections in the April to June period of 2020. However, even compared … Sales tax revenue for local governments in New York state rose by 492 in the second quarter April to …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterAdministration and Monitoring of Financial Assistance to New York City Businesses
… Objectives To determine whether the New York City Industrial Development Agency (NYCIDA) has policies and procedures in place to approve, monitor, and measure project performance and … To determine whether the New York City Industrial Development Agency NYCIDA has policies and procedures in place to approve monitor and measure project performance and …
https://www.osc.ny.gov/state-agencies/audits/2024/06/12/administration-and-monitoring-financial-assistance-new-york-city-businessesState Agencies Bulletin No. 1528
… Plan check box in Box 13 of Form W-2 must be checked for most employees and left unchecked for others. Affected Employees Employees receiving a 2016 … Background Internal Revenue Service (IRS) Instructions for Form W-2 require that the Retirement Plan check box in …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1528-retirement-plan-checkbox-form-w-2-wage-and-tax-statement-calendar-yearCUNY Bulletin No. CU-345
… subject to the 30% rate (or lower rate as determined by a tax treaty) of withholding for Federal income tax. Nonresident aliens who perform a short term service to … of CUNY must be taxed using Income Code 16. In order to tax a nonresident alien independent contractor correctly, the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-345-payment-nonresident-alien-independent-contractors-providingComptroller DiNapoli, A.G. Schneiderman & Acting Tax Commissioner Manion Announce $4.3 Million Settlement With Owners of For-Profit School Network for Overcharging State; Failing To Pay Taxes
… Manion announced today a settlement with K3 Learning, Inc. (f/k/a Metropolitan Preschools, Inc.) and its president and owner Michael C. Koffler, … Manion announced a settlement with K3 Learning Inc fka Metropolitan Preschools Inc and its president and owner Michael C Koffler together …
https://www.osc.ny.gov/press/releases/2016/10/comptroller-dinapoli-ag-schneiderman-acting-tax-commissioner-manion-announce-43-million-settlementChanges in Federal Policies Pose Significant Risks for New York City's Budget
… Projected budget gaps for New York City in the coming years appear manageable, but … to the city’s finances, according to a report released today by State Comptroller Thomas P. DiNapoli. "Major shifts … Projected budget gaps for New York City in the coming years appear manageable but …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetState Agencies Bulletin No. 1961
… a 2021 Form W-2 are affected. Background Internal Revenue Service (IRS) Instructions for Form W-2 require the … Education Department agencies must carefully review the payroll records of rehired retirees to confirm that the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1961-retirement-plan-checkbox-form-w-2-wage-and-tax-statement-tax-year-2021SUNY Bulletin No. SU-188
… new Earnings Code to be used for SUNY employer-provided Housing Affected Employees SUNY employees who receive housing that is considered taxable income Effective Date(s) … to Internal Revenue Code Section 61, employer-provided housing is a taxable benefit to employees. Section 119 (a) of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-188-new-earnings-code-employer-provided-housing