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Corporations doing business in New York are subject to franchise tax filing requirements under NYS corporate tax law. GTA Accounting Group provides complete filing and advisory support to both C-Corporations and S-Corporations, ensuring timely, accurate submissions.
We handle all aspects of New York corporate tax return preparation, including forms CT-3 (General Business Corporations) and CT-3-S (S-Corps). Our CPAs stay current with NYS and NYC filing rules, helping you stay compliant while reducing the risk of late filings and penalties.
Every business operating as a corporation in New York must comply with NYS franchise tax rules, regardless of profitability. Franchise tax is based on the highest of several bases, including the entire net income, capital base, or the fixed dollar minimum tax (FDMT).
Our team ensures you understand which base applies, how your tax is calculated, and which credits or deductions may be available. We help with mandatory first instalment payments, estimated vouchers, and timely filings with the New York State Department of Taxation and Finance.
We also advise on franchise tax requirements for:
Maintaining proper records is a critical part of ensuring NY franchise tax compliance. Accurate and organized recordsFiling errors or missed payments can result in interest, late fees, or audits. We prepare your New York State corporate tax return in compliance with current laws and ensure all calculations are complete and accurate.
GTA Accounting Group works with small, medium, and large businesses to prepare:
Our approach ensures each client avoids filing delays, FDMT miscalculations, and compliance errors.
We take pride in the positive feedback we receive from our clients. Here’s what some of them have to say:
"GTA Accounting Group helped us navigate a complex tax situation with ease and professionalism. Their expertise saved us thousands of dollars and gave us peace of mind."
Business Owner
"The team at GTA Accounting Group is incredibly knowledgeable and responsive. They provided clear guidance and support throughout the entire tax season."
Navi Founder
401 Park Ave S 10th Floor, New York, NY 10016, United States
118-35 Queens Boulevard Forest Hills Tower, #400, Forest Hills, NY 11375, United States
4250 Veterans Memorial Hwy Suite 3100W, Holbrook, NY 11741, United States
300 Cadman Plz W 12th Floor, Brooklyn Heights, NY 11201, United States
50 Fountain Plz Downtown, Suite 1400, Buffalo, NY 14202, United States
401 New Karner Rd 3rd Floor, Suite 301, Albany, NY 12205, United States
Many corporations are subject to the fixed dollar minimum tax (FDMT) based on gross receipts. This amount ranges from $25 to $200,000+, depending on revenue levels. GTA Accounting Group calculates the appropriate minimum for your entity and ensures proper reporting.
In addition, corporations operating in NYC and surrounding areas may be required to pay the Metropolitan Transportation Authority (MTA) Surcharge. We identify whether the MTA surcharge applies and manage:
We also monitor thresholds and changes in NY corporate tax rates to ensure accurate reporting every year.
While LLCs are typically taxed as pass-through entities, some elect to be treated as corporations, making them subject to the NYS franchise tax. Foreign corporations (those formed outside NY but doing business in the state) must also register and file.
Our team helps with:
We help ensure all necessary state and city obligations are met so that your business can operate without compliance gaps.
Each industry has specific filing nuances under New York tax law. At GTA Accounting Group, we provide industry-specific franchise tax services to ensure accurate filings and strategic tax planning.
Our CPAs align your filing with industry codes, optimize entity structure where needed, and ensure multi-jurisdictional compliance.
GTA Accounting Group is a licensed CPA firm based in New York, offering full-service corporate tax and franchise tax filing support. Our experience spans a wide range of industries, corporate structures, and city-specific requirements across New York State.
We provide clarity and confidence for businesses that need a trusted tax partner in New York.
We serve corporations across major cities in New York. Each location has unique tax nuances — from MTA surcharges in NYC to local requirements for Buffalo and Albany.
No matter where your business is located, we deliver localized franchise tax filing that complies with New York State corporate tax regulations.
GTA Accounting Group
401 Park Ave S 10th Floor, New York, NY 10016, United States
