Tax Jobs in New York

Market context

The tax profession in New York encompasses a wide array of specializations dealing with federal, state, and local taxation for individuals, businesses, and other entities operating within the state and New York City. Professionals navigate complex tax codes and regulations to ensure compliance, optimize tax liabilities, and provide strategic advisory services.

New York State and New York City have a complex tax landscape, including high individual income tax rates (up to 10.96% for NYS, plus NYC income tax), corporate franchise tax (up to 7.25% for NYC C-Corporations), sales and use tax (NYS 4% plus local rates, typically 8.875% in NYC), and various other taxes like MTA surcharge and property taxes. The New York State Department of Taxation and Finance (NYSDTF) and the New York City Department of Finance (NYCDOF) are the primary agencies responsible for tax administration and collection.

Regulatory timeline

• 2023-12-29New York State Pass-Through Entity Tax (PTET) Election AmendmentsEnacted
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• 2023-06-30Extension of NYC Commercial Rent Tax (CRT) Thresholds and ExemptionsEnacted
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• 2023-01-01New York City's Local Law 84 of 2023 - Amendments to NYC's Corporation TaxEffective
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Skills & tools