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Rubric Financial

Statewide

New YorkAccounting, Tax & Fractional CFO

New York layers state, city, and (for owners) unincorporated business tax — and the convenience-of-employer rule traps many remote workers. Rubric Financial supports New York small businesses with NY-specific compliance, NYC-business-tax planning, and partner-led accounting.

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What's Different About New York

Local context that affects your books and tax

  • New York State tax + New York City personal income tax stacks on top of federal for residents — combined marginal rates regularly exceed 50%
  • Unincorporated Business Tax (UBT) for NYC: 4% additional tax on partnerships and sole proprietorships operating in NYC, above thresholds
  • Convenience-of-employer rule: remote employees of NY companies who live elsewhere are still taxed by NY (with some exceptions) — a frequent surprise for hybrid/remote workforces
  • Pass-Through Entity Tax (PTET): NY's PTET election can save high-income owners on the federal SALT cap; election deadline is March 15
  • Sales tax: economic nexus at $500K AND 100 transactions; SaaS is taxable; many services are taxable
  • NY-source income from K-1s requires NY non-resident returns even for non-residents — common in real estate, hedge funds, and professional partnerships

Industries we work with in New York

  • Financial and professional services
  • Real estate investors and operators
  • Restaurants and hospitality
  • Healthcare practices
  • Creative agencies and consultancies
  • E-commerce and retail

See our industry pages for service-specific detail.

Nearby locations

Keep reading

Guide

When Does a Small Business Need a Fractional CFO?

Bookkeepers record. Accountants close and report. CPAs file. None of them help you make the next decision. That's what a CFO does.

Guide

Owner Compensation: Salary, Distribution, and Profit Sharing

How owner-operators should pay themselves — salary vs. distribution split, reasonable comp, retirement contributions, and how it all interacts with tax.

Guide

5 Bookkeeping Mistakes That Trigger IRS Audits

Most IRS audits start from patterns in the books, not random selection. Here are the five bookkeeping mistakes most likely to put you on the audit list.

Run a small business in New York?

Let's talk. Response within one business day from a partner.

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