News & Insights: neil a. sonenberg cpa

Mansion Tax Adds to Array of Transfer Taxes When Buying, Selling Real Property


By Neil A. Sonenberg  |  September 27, 2021

When buying and selling real estate in New York City, transfer taxes are generally expected. However, buyers of valuable real estate in New York City should also be aware of the Mansion Tax, an additional tax of 1% to 3.9% of the sales price over $1 million.

What It Takes to Reduce Your Real Estate Taxes in NYC


By Neil A. Sonenberg  |  January 21, 2021

Challenging your NYC property assessment values and obtaining a sought-after reduction in real estate taxes requires a certiorari filing.

Three New Payroll Tax Benefits for Businesses


By James (Jay) M. Brower, Jr. |  Neil A. Sonenberg  |  May 20, 2020

A deep dive into three new payroll tax benefits designed to alleviate the financial hardship of keeping employees on payroll during the COVID-19 shutdown.

The Importance of Hiring the Right CFO for Your Business


By Neil A. Sonenberg  |  November 22, 2019

This article provides guidance in selecting a CFO and other key financial officers for an entrepreneurial family-operated business at different stages in the business lifecycle.

Real Estate Financial Statements: One Size Does Not Fit All


By Neil A. Sonenberg |  Darya Shneyder  |  July 27, 2018

When a company is in need of an annual financial statement, a Generally Accepted Accounting Principles (GAAP) financial statement is typically the first thing that comes to mind.