January 20, 2012
Carolyn Mazzenga, Tax & Business Services Partner, Featured in Newsday Article "Letters: Albany's 2012 Agenda"
Regarding "Sweet scenario with state aid" [Business, Jan. 2], there are many federal and state programs, such as the one offered to Tate's Bake Shop in East Moriches, that can benefit businesses of all sizes. As a tax and business advisory firm, we find that many businesses are unaware of these programs, and many tax credits and refunds are either not applied for or wasted.
Many Long Island businesses are likely to benefit from federal research and development programs, for example, which are not all linked to lab coats or test tubes. And since 2010, New York State has expanded and modified the Excelsior Program, which provides refundable credits over 10 years.