Steps to Take Now to Get a Jump on Your Taxes!
Tax planning is for everyone. Get ready today to file your 2021 federal income tax return. Planning ahead can help you file an accurate return and avoid processing delays that can slow your tax refund.
Learn the steps you can take now to make tax filing easier in 2022!
Guidance on tax relief for deductions for food or beverages
Beginning January 1, 2021, through December 31, 2022, businesses can claim 100% of their food or beverage expenses paid to restaurants as long as the business owner (or an employee of the business) is present when food or beverages are provided and the expense is not lavish or extravagant under the circumstances.
Advertising and marketing costs may be tax deductible
The tax law allows businesses to deduct expenses that help them bring in new customers and keep existing ones. These costs may include expenses for advertising and marketing. Here are some details about this valuable tax deduction that can help small businesses save money on their taxes.
Restaurant Return-To-Work Tax Credit
The $35 million Restaurant Return-to-Work Tax Credit Program provides an incentive to COVID-impacted restaurants to bring restaurant staff back-to-work, and to increase hiring at NYS restaurants.
General Resources:
COVID-19 Resources
The IRS is offering tax help for individuals, families, businesses, tax-exempt organizations and others - including health plans - affected by coronavirus:
We are currently offering clients the option to have appointments virtually, by phone, or in person BY APPOINTMENT ONLY (following OCC COVID-19 Safety Plan and Procedures and CDC Guidelines).

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Email: sbdc@sunyocc.edu
Phone: 315-498-6070
Onondaga Small Business Development Center. Partnership Program with the SBA, administered by the State University of New York. Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. All SBA funded programs are extended to the public on a nondiscriminatory basis.