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  • 04/25/2017
    UBIT: What Your Organization Should Know
    By Michael F. Sutter, CPA, Partner

    Most organizations exempt from tax under Internal Revenue Code (“IRC”) Section 501(a), including charitable, religious, scientific, and other organizations described in IRC Section 501(c), may be subject to tax on unrelated business income (UBIT), depending on the nature of the activities producing that income. It is important for an organization...

  • 04/25/2017
    Timing Compensation in a Changing Tax Climate

    All eyes on Sec. 409A

  • 04/25/2017
    Tax Tips

    Standard mileage rates can lead to inaccurate reimbursements

  • 04/25/2017
    Did your tax season measure up?

    At the end of tax season, most tax preparation firms, large or small, engage in self-examination. They look back at the season that has just ended and think about how successful they were compared to previous years. Co-managing partner Fred Berk was quoted in Accounting Today on end of year...

  • 04/25/2017
    The changing dynamics of tax reform

    Tax reform is on everyone’s mind after the new administration failed to repeal and replace the Affordable Care Act in its first 100 days. Friedman LLP’s recent tax series was mentioned in Accounting Today in an article on tax reform. To read the full article, click here....

  • 04/19/2017
    Retail Checklist: 10 Keys to Survive in the Rapidly Changing Environment
    By Michael Sacco, CPA, Partner

    The recent demise of many familiar retailers has signaled the end of an era for retail as we know it. Though the retail sector is not going away anytime soon, the old model is changing, and changing fast. It is evident that the retail industry is in need of a...

  • 04/18/2017
    What Is Considered a “Business”— and Why Does it Matter?
    By Christopher Smith, CPA, Partner

    The change to the Financial Accounting Standards Board’s (FASB) definition of a business, made earlier this year in an Accounting Standards Update (ASU),* will likely lead to more acquisitions being accounted for as asset acquisitions rather than business combinations. This is significant, since the definition of a business affects many...

  • 04/18/2017
    Friedman Once Again Ranks High in Quality of Life by Vault

    Friedman is proud to once again announce high quality of life scores in Vault’s 2018 Accounting Rankings. The firm ranked #1 in work/life balance, hours, and relationships with supervisors. Friedman ranked #2 in ten other areas, including satisfaction, firm leadership, culture, and compensation. The Vault Accounting Survey questions assess accountants’...

  • 04/18/2017
    Majority of Businesses Would Offer the Same or More Health Benefits if ACA Repealed, Survey Finds
    By Michael Greenwald, MPPM, CPA, Partner

    A recent survey* of business leaders conducted by Friedman LLP, showed some counterintuitive results when it came to the proposed repeal of the Affordable Care Act (“ACA”). A majority of respondents who were subject to the employer mandate of the ACA indicated they would offer either the same level of health...

  • 04/13/2017
    Amazon Wants to Dress You

    The e-commerce giant knows how to sell you underwear, but can it fill the rest of your closet?

  • 04/12/2017
    Survey Finds Business Leaders Favor Sweeping Tax Reform Proposals
    By Kim Dula, CPA, Partner and Dave McKelvey, CPA, Partner

    With Some Hesitancy Towards International Proposals

  • 04/07/2017
    Diamond Trade Banking on Relationships

    After a long rift, diamond industry and the banking sector have sat down together, having recognized the gulf that’s developed between them. Partner Eric Tunis contributed to the conversation in Rapaport discussing the importance of transparency and compliance in the diamond industry. To read the full article, click here....

  • 04/07/2017
    LIBN Ones to Watch: Accounting
    By Long Island Business News

    Friedman director Kate Bachety-Salatto was featured in Long Island Business News’ Ones to Watch.  A director in Friedman's Uniondale office, Kate-Bachety-Salatto applies more than 25 years of experience in public accounting. She specializes in providing audit, tax and accounting services for commercial real estate owners and developers, as well as for clients in...

  • 04/06/2017
    Why Exporting Doesn’t Have to Be Risky Business

    The expansion of e-commerce and the evolving global value chains are opening up new export opportunities for small and midsize enterprises. Friedman co-managing partner, Harriet Greenberg was quoted in Industry Week offering advice to enterprises looking to enter the business. To read the full article, click here....

  • 04/05/2017
    6 Philly Finance Experts Share Their Best Money Advice

    Fresh ways to build your wealth in 2017, from expert money managers.

  • 04/04/2017
    Five Tips to Choosing a Financial Expert
    By Danielle C. Bellomo, CPA/ABV

    Choosing the right financial expert can be the most important decision an attorney makes. A financial expert can have a significant impact on a case and could potentially determine settlement or trial outcomes.  When it comes to selecting an expert, the attorney must evaluate the competence and experience of the...

  • 04/01/2017
    Special Tax Reform Series

    Insights from Survey of Business Leaders on Their Views of Proposed Tax Changes

  • 03/31/2017
    The Rehabilitation Tax Credit – What Developers Need to Know
    By Stuart A. Katz, CPA MST

    Many developers of real estate projects involving the rehabilitation of older buildings or historic structures may be overlooking a valuable federal income tax credit that could help defray some of the costs of construction by offering tax credits to the investors. What is the rehabilitation tax credit and which buildings qualify? The...

  • 03/31/2017
    The Rise of Alternative Lending in Commercial Real Estate
    By Michael Stoler, The Stoler Report

    Since the great recession of 2008, commercial banks, insurance companies and other traditional lenders for commercial real estate have become much more conservative in their underwriting of financing for commercial real estate.  Banks, the traditional source of construction financing, have recoiled from lending under the impact of regulations including Tier...

  • 03/31/2017
    Why the IRS Hates Bottom Dollar Guarantees and What It’s Doing About It
    By Michael J. Greenwald, MPPM, CPA, Partner

    Bottom dollar. It conjures up images of orphans dancing across the stage in “Annie” or characters from a Damon Runyon novel. And also of bottom dollar guarantees – perhaps the last way to obtain basis in real estate and partnerships without real exposure to economic loss. The IRS believes that...

  • 03/31/2017
    The Top Five Ways Nonprofits Can Increase Millennial Involvement
    By Matthew Blank, Business Development Officer

    Every nonprofit board in America has had a conversation similar to this at least once: -Board Member #1 – “We have to get more young people involved in our organization.” -Board Member #2 – “I agree; their money is important to our future.” -Board Member #3 – “My neighbor is a millennial and...

  • 03/27/2017
    Ask the CPA
    By Susanne Spinell Shuster CPA, MST, Director-In-Charge, Accounting Services

    Q: Can I take funds tax- free under a Qualified Domestic Relations Order (QDRO) ?

  • 03/22/2017
    Ask the CPA
    By Kimberly A. Dula, CPA, Tax Partner

    Q: It’s Tax Time AGAIN. What are three recommendations for those preparing to file their 2016 individual income tax returns?

  • 03/22/2017
    International Women's Day: Business development for busy working mothers

    Accountants are often responsible not only for the day-to-day duties of their profession but also for identifying new ways to bring in work and develop their business. This is a challenge many working mothers face when trying to balance work, business development and family. Friedman partner Kirsten Flanagan contributed an article to...

  • 03/13/2017
    The Trump Impact on Real Estate

    Much like the rest of the country, the real estate industry is trying to figure out how it will be affected by the Trump presidency.

  • 03/09/2017
    Sharp turns: Unexpected twists in the 2017 tax filing season

    Taxpayers that owe a significant amount of money to the IRS should be aware of a new tax code that prevent oversea travel. David Shuster was quoted in Accounting Today discussing the FAST Act and the power the IRS has to implement it. To read the full article, click here....

  • 03/08/2017
    CPAs share the tax facts CEOs need to know in 2017 and beyond

    This year promises to be an especially turbulent one for tax planning, as a new Republican administration and Congress work on plans to overhaul the tax code. Senior tax manager, Stu Katz joined a group of expert accountants in a roundtable brought by SmartCEO and TD Bank, to discuss what...

  • 03/06/2017
    How CPA firms are evolving to meet Millennials’ desires

    Younger professionals want flexibility and trust from their managers.

  • 03/03/2017
    Lead Generation
    By Brett Johnson

    As industry grapples with aging leadership, firms must find ways to get millennials involved

  • 03/03/2017
    NJBiz Top Accounting Firms for 2017

    Friedman is honored to be ranked 11th in top accounting firm in New Jersey by NJBiz. The firms are ranked by number of CPAs located in New Jersey. To see the full list, click here....

  • 03/01/2017
    Special Skill Sets Allow Accounting Firms and Law Firms to Deliver Added Value

    Professional services firms bring a lot of added value to clients by employing experts with non-traditional skills and training. These skill sets are valuable to businesses that need the very best advice across disciplines and industries. FLVS partner, Mike Saccomanno was featured in Commerce Magazine highlighting some of the team’s...

  • 02/27/2017
    VSCPA Black History Month Spotlight: Johnathan Culbreath, CPA

    Audit Senior Johnathan Culbreath, CPA featured in VSCPA in Honor of Black History Month VSCPA: What led you to the accounting profession?JC: I pursued an accounting degree looking for a foothold to the law enforcement field. As I learned more about the opportunities public accounting experience would bring and got to know the employers...

  • 02/24/2017
    Friedman LLP Ranked as a Top Accounting Firm by PBJ

    Friedman LLP is proud to be named one of Philadelphia Business Journal’s Top Accounting Firms for 2017. The 2017 Accounting firms list ranks firms in the Philadelphia region by number of CPAs. The disclosure of Local employment, number of offices and companywide revenue are among data found within the list....

  • 02/24/2017
    When Does Your Teen Have to Start Filing Taxes?

    Here’s how to tell if a teen’s babysitting or shoveling income is taxable.

  • 02/24/2017
    How to Avoid Tax Scams

    Don't fall prey to tax ID theft and other scams this filing season.

  • 02/24/2017
    Empowering Employees

    All organizations want happier employees. While hiring happy people might not be the solution for creating a successful company, cultivating empowered employees is vital. Friedman Partner Denise McKnight contributed an article to South Jersey Biz discussing how to empower employees through communication, delegation, recognition and building relationships. To read the...

  • 02/23/2017
    Understanding the Differences between Lobbying, Grassroots Lobbying, and Advocacy
    By Sarah Avery, Director, CPA

    The current political climate has landed tax advisors in an unpleasant quandary, forcing them to be the bearer of both good and bad news. The good news is most taxpayers are expected to benefit from the current administration’s plans to lower tax rates. The bad news, for tax-exempt, 501(c)(3), charitable...

  • 02/23/2017
    The Epic Fail Of Financial Education

    Many people today make numerous decisions about money, with the weight of each choice enough to sway the trajectory of life and an entire generation. While some American adults can still answer some simple algebra problems, many aren’t armed with fundamental personal finance knowledge. Financial professionals can work together to...

  • 02/23/2017
    NJBIZ reveals N.J.'s Best Places to Work for 2017

    We are proud to share Friedman LLP has been ranked among the NJBIZ Best Places to Work for another year in 2017. We are ranked among other large companies throughout New Jersey. For more information, click here....

  • 02/23/2017
    Tax-Writers Look at ‘Blend’ of Interest Deductions, Expensing

    Tax-writers are looking at ways to “blend” full expensing and interest deductibility provisions in an overhaul of the tax code. The House Ways and Means Committee is addressing ways that businesses could choose to take one tax break instead of the other or get a percentage of each. Partner and...

  • 02/21/2017
    Foreign Companies: Federal Tax Treaties and State Tax Obligations
    By Alan Goldenberg, JD, MBA, LL.M.

    For many foreign companies expanding their business operations into the United States, the focus of their tax planning usually centers on the federal income tax laws. While doing business in the U.S. can be a substantial boon, many of these companies express concern about the current 35% federal corporate tax...

  • 02/21/2017
    A Truly Laden Cross to Bear: The Crushing Tax Burdens of New York

    It comes as no surprise to New Yorkers that year after year, numerous tax studies conclude that they face some of the highest tax burdens in the United States. Multiple reports released in 2016 found that on a regular basis almost 13% of a New York City resident’s income is...

  • 02/21/2017
    Tax Tips: Avoiding Tax Scams, Using Charitable Trust for College Expenses

    These brief tips cover scams to be aware of during tax season, how to check your IRS account online and the benefits of using a charitable trust to cover college expenses. Watch out for tax scams With tax season in full swing, criminals posing as IRS officials are stepping up their efforts...

  • 02/21/2017
    VIDEO: Navigating Difficult Decisions

    Tax Partner, Kim Dula discusses the psychological and emotional aspects of transitioning the family business. ...

  • 02/16/2017
    What Are the Tax Implications of Using a Quitclaim Deed?

    Is a quitclaim deed the best way to go about establishing shared ownership of a piece of property? Partner, Kim Dula was quoted in the “Ask the Expert” column in Time’s Money section discussing due diligence and making sure homes are up-to-date on taxes in regards to the tax implications...

  • 02/16/2017
    Reasons to believe Canada Goose is set to soar in public markets

    Canadian luxury outerwear company Canada Goose intends to land in public markets— but will they be able to expand beyond their current market? Co-Managing Partner, Harriet Greenberg was featured in a live interview with BNN discussing Canada Goose’s pending IPO status and her views on the company’s future. To watch...

  • 02/14/2017
    IRS Update On Large-Business Audits Too Vague, Critics Say
    By Vidya Kauri

    Law360, New York (February 1, 2017, 8:21 PM EST) -- Tax practitioners who were eagerly awaiting news on how the IRS would change its approach to auditing large corporations with assets of more than $10 million were disappointed Tuesday, when the agency released an update that is being criticized as...

  • 02/07/2017
    Key Issues to Consider When Negotiating a Licensing Deal
    By Michael Sacco, CPA, Partner

    Brand licensing in the fashion industry is a trend that continues to rise - with both brand owners and licensees benefiting from intensified consumer demand of top brands, specifically social media-savvy brands that are connecting with teenagers and millennials. Licensing has opened the doors for companies to expand their brands into...

  • 02/01/2017
    The First 100 Days: Healthcare

    A panel discussion presented by NJBIZ