Heads up to those who have outstanding New York tax liabilities; the state is getting tougher than ever in pursuing collection of these funds.
Starting Jan. 1, 2014, the Affordable Care Act (ACA) requires most people to have a certain level of health care coverage or else pay a tax penalty (known as a “shared responsibility payment”).
Do you want to provide for your spouse after your death but ensure that your children ultimately receive the inheritance you desire? Do you have concerns about transferring assets to your spouse outright?
Is your business entitled to a post-DOMA tax refund?
Friedman LLP is proud to announce the promotion of Michael Greenwald, MPPM, CPA, to the level of Partner.
Friedman LLP recently added Kimberly Dula, CPA, to its partner group. Kim, who joined the firm December 3, will work out of the Marlton, New Jersey office.
Tax Partner Bob Charron contributed to Bloomberg BusinessWeek's article "The IRS Just Won a Tuition-Deduction Case Against an MBA. Are You Next?".
Press Mentions and Announcements Principal Michael Greenwald was quoted in several publications: Congress Punishes Commuters in 2014 (WSJ Market Watch) Sausage Makers Don't Spend Much on Research and Development (WSJ CFO Journal) Examination of Business Activity Grouping Key for 2014 Net Investment Tax Planning (Bloomberg BNA) Politics and R&D Don't Mix (WSJ CFO Journal) Partner Michele...
The Committee of Sponsoring Organizations (COSO) is a joint initiative of five private sector organizations that is dedicated to improving organizational governance through the development of frameworks and guidance on risk management, internal control and fraud deterrence.
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet Greenberg at HGreenberg@friedmanllp.com. In This Issue: Perspectives: Healthcare Reform - Are You in Compliance?Source: Friedman LLP Rethinking Enterprise Software to Deliver on the Promise of Product Lifecycle ManagementSource: Computer Generated Solutions Making the right...
On November 26, 2013, the IRS issued final regulations addressing two new taxes under the Affordable Care Act that took effect January 1, 2013...
Friedman LLP will once again be the presenting sponsor of the Katz JCC Sports Awards Dinner, taking place in Cherry Hill, New Jersey, on December 12.
Click here for your holiday e-card....
The Committee of Sponsoring Organizations (COSO) is a joint initiative of five private sector organizations that is dedicated to improving organizational governance...
According to the IRS, tens of thousands of nonprofit organizations have their tax-exempt status revoked every year.
In This Issue: Five Financial Lessons from Retirees (Harriet quoted!)Source: Fox Business News Sales Tax: Two for the Price of OneSource: Friedman LLP Low Rates Spur More Borrowing to Get Deals DoneSource: Wall Street Journal, CFO Journal Michael Kors: Building a Brand, or Cashing in on a Fad?Source: Sourcing Journal Walmart Commits to Reshoring, Will...
Friedman LLP Partner Harriet Greenberg was recently quoted in an article for Fox Business titled "5 Financial Lessons from Retirees".
In many instances, professionals in the early years of developing their practices will delay putting funds aside for retirement.
Recent Press Mentions and Announcements Partner David McKelvey was recently interviewed by U.S. News & World Report on individual tax breaks expiring this year. He also contributed to a Long Island Business News article on tax incentives for advanced degrees. Partner Ryan Dudley was quoted in taxation articles in International Business Times. Senior...
Normally, if a transaction is subject to sales tax, the tax is imposed upon the price charged the retail customer with respect to the sale of taxable tangible personal property or the provision of taxable services.
With state governments facing sharp declines in tax revenue and increases in fiscal spending, more and more states are searching for additional revenue streams.
From a tax perspective, pass-through structures — such as limited liability companies (LLCs), S corporations and partnerships — have been the preferred business entity choice in recent years.
or years, like a worn-out record, Congress repeatedly went through the motions of temporarily patching the alternative minimum tax (AMT), with the goal of limiting the number of taxpayers who were liable to pay it.
Now that lawmakers have made high gift and estate tax exemptions “permanent,” you may feel less pressure to make lifetime gifts to reduce the size of your taxable estate.
Watch out for unscrupulous payroll providers
Partner David McKelvey was recently interviewed by U.S. News & World Report on individual tax breaks expiring this year.
Partner Ryan Dudley was quoted in an article on the international tax evasion crackdown in International Business Times.
Partner Michele Amato was recently interviewed by Compliance Weekly on finding corporate fraud.
Litigation in the wake of corporate frauds is keeping the in pari delicto defense in the news - and its critics apoplectic.
Each year, the IRS announces tax inflation adjustments for the following year. The tax inflation adjustments are based on changes to the Consumer Price Index ("CPI").
The practice of philanthropy has played an enormous role in the building and promoting of education, religion, social welfare, the arts and charitable institutions.
The IRS and Treasury recently issued final tangible property capitalization regulations.
Real estate rental activities are considered passive activities for all taxpayers except qualifying real estate professionals.
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet Greenberg at HGreenberg@friedmanllp.com. In This Issue: Pay or play: are you ready for the new health care rules?Source: Friedman LLP Whose Brand is it Anyway? Ensuring Tour Brand is Paramount in a BPO...
Partner Linda Heaney has been selected as a member of the 2013 class of Long Island’s Top 50 Most Influential Women in Business.
Friedman LLP Partner Michele Amato has been selected to serve on the Center of Audit Quality's (CAQ) Professional Practice Executive Committee (PPEC).
Under accounting principles generally accepted in the United States of America (U.S. GAAP), financial statements are prepared under the presumption that the reporting entity will be able to continue as a going concern.
Earlier this year, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2013-06, "Not-for-Profit Entities (Topic 958)...
On October 1, 2013, public health insurance marketplaces are scheduled to go "live," as mandated by the Patient Protection and Affordable Care Act of 2010.
Friedman LLP, Accountants and Advisors, is proud to participate as a Bronze level sponsor of the upcoming Information Management Network (IMN) 2nd Annual Real Estate CFO Forum, being held at the Marriott New York Downtown from September 30-October 1. An audience comprised of professionals serving as real estate CFOs, treasurers and...
Kevin Hyams, Partner-in-Charge of Friedman LLP's Governance, Risk and Compliance Services Practice, will be speaking at the Informational Management Network's ("IMN") 2nd Annual Real Estate CFO Forum.
The IRS has released its final regulations on the tax treatment of expenditures related to tangible property.
As you begin to prepare for the end of 2013, there are many things that are on your mind. One is most likely the upcoming healthcare reform due to the Affordable Care Act.
Although The Department of Labor (DOL) published final regulations on January 14, 2010 (and effective on that date) providing "safe harbor" rules governing timely deposit of employee 401(k) contributions...
Every taxpayer at one time or another will get some type of correspondence from the IRS, but many are unaware of the proper steps to take in responding to it.
A recent ruling issued by the New York State Department of Taxation and Finance (the “Department”) provides some interesting guidance...
Beginning on Jan. 1, 2015, the health care act requires “large” employers to either: 1) provide “minimum essential” health care coverage to full-time employees
As the end of 2013 approaches, it’s time to think about year end tax planning.
When a family member experiences hard times, other family members might be quick to lend them whatever amount they need.