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  • 01/27/2021
    [Recording] Dressed for Distress:

    A Once in a Cycle Deal for the Most Strategic CRE Investors

  • 01/26/2021
    COVID-19 Resources for You

    In times of great uncertainty, there is power in knowledge and preparation. In response to the coronavirus (COVID-19) outbreak throughout the United States and beyond, we’ve assembled industry experts to give you guidance and solutions to combat the ramifications on your business. Continue to visit the Friedman COVID-19 Resource Center for breaking...

  • 01/26/2021
    [NEW Video Blog] Outlook From the Inside: Real Estate Loan Workouts

    The real estate industry is rapidly adapting in response to the economic impact of COVID-19. Watch this new episode of Outlook from the Inside where members of Friedman's dedicated Loan Workout Group, Steven Bokiess and Michael Greenwald, explore strategies for borrowers of distressed debt to mitigate risks as well as potential...

  • 01/22/2021
    SBA Issues Updated Economic Aid Act PPP Loan Forgiveness Guidance

    On December 27, 2020, Congress enacted the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the “Economic Aid Act”) – part of the Consolidated Appropriations Act of 2021 – which included a number of changes to the Paycheck Protection Program (“PPP”). Most of these changes center around eligibility...

  • 01/21/2021
    [Access] Webinar Recording on COVID-19 Impact on State Residency & Taxation

    Hear Friedman's State and Local Tax experts tackle how COVID-19 and rising costs-of-living are prompting unprecedented changes in residency and the way we do business. You can access the complete webinar recording to boost your knowledge of the impact of state residency changes on tax planning -- and potential opportunities and...

  • 01/20/2021
    Friedman Adds Financial Institutions Consulting and Structured Finance Litigation Practices

    In response to the rapidly evolving needs of the financial services industry, Friedman LLP is excited to formalize the expansion of two practice areas: Financial Institutions Consulting (“FiCon”) and Structured Finance Litigation. Fred Berk, Co-Managing Partner of Friedman LLP, recently stated: “In early 2020, we felt it would be pertinent to...

  • 01/20/2021
    [Access] Webinar Recording on the New Stimulus Bill

    Friedman's experts walked participants through critical details of the new stimulus bill, the Consolidated Appropriations Act of 2021. Access the complete webinar recording to boost or refresh your knowledge on COVID relief programs, enhancement of the Paycheck Protection Program and significant tax changes.  ...

  • 01/19/2021
    Christi Gallagher Covers Incentive Stock Options With Financial Advisor

    Christi Gallagher, partner at Friedman LLP, shares her insights with Financial Advisor on ways that you can maximize the after-tax value of incentive stock options (ISOs). For the best tax benefit, the employee must sell their position at least one year after exercising the stock and two years after the grant. This is...

  • 01/14/2021
    Journal of Accountancy Interviews Kevin Hyams on Fraud-Mitigation Plans

    Kevin Hyams, partner in charge of Friedman LLP’s Governance, Risk and Compliance Service practice, was recently featured in an exclusive interview with Journal of Accountancy on how to create an effective fraud-mitigation plan. An effective fraud mitigation plan will include a requirement to separate duties between multiple parties. "The segregation of incompatible...

  • 01/13/2021
    5 Challenges E-Commerce Companies Can Expect in 2021
    By Michael Sacco, CPA, Partner

    While companies in the travel and hospitality sector continue to face the brunt of the impact from the COVID-19 pandemic, e-commerce companies have flourished. Consumers are spending more time at home and retail trends continue to shift away from brick and mortar stores towards online shopping. The Census Bureau of the...

  • 01/13/2021
    Jo Anna Fellon Shares How Wealthy Clients Can Turn 2021 Into A Friendly Tax Year

    Jo Anna Fellon, lead partner of private client services at Friedman LLP, was recently quoted in Financial Advisor on the tax modification timeline for 2021. High-net-worth taxpayers and wealthy families who are stewarding generational family wealth must be prepared to quickly make decisions as early as the first quarter of 2021 and...

  • 01/12/2021
    Post-Economic Shutdown: Cybersecurity Debrief
    By Michael J. Schenck | Friedman CyZen LLC

    In February 2020, safety and legal decrees forced many businesses to shut down their offices as part of a greater effort to minimize and contain the spread of COVID-19. Now, nearly a year later, we are left to wonder: in our response, have we effectively utilized our security frameworks? The changes...

  • 01/10/2021
    Next Wave of PPP Loan Applications Begins
    By Michael J. Greenwald MPPM, CPA, Business Tax Leader

    The Treasury Department and the Small Business Administration (“SBA”) have announced that they will begin accepting applications for new Paycheck Protection Program (“PPP”) Loans from some borrowers beginning Monday, January 11th. The Second Draw Application can be found here. There is also a revised application for First Draw PPP Loans...

  • 01/08/2021
    Virtual Panel: Going Public in the US from an Accounting Perspective

    Tune in to a lively conversation, including Friedman's Neil Levine and Brian Kearns as they walk you through the intricacies involved with Canadian companies who want to go public in the U.S. This powerful panel was formed in collaboration with SNN Network and hits critical information related to accounting. ...

  • 01/08/2021
    Steven Bokiess Quoted in S and P Global Market Intelligence

    Friedman’s Steven Bokiess was featured in an exclusive interview regarding the potential changes to Qualified Opportunity Zones under the Biden administration. Bokiess states that the Biden administration likely will implement more program oversight, and it may create tax incentives for investors to work with local nonprofits and other community organizations to ensure funds...

  • 01/08/2021
    Bloomberg Publication Features Michael Greenwald’s Tax Highlights for 2021

    Michael Greenwald, tax leader at Friedman LLP, was recently quoted in a recent Bloomberg publication on deduction issues related to businesses receiving PPP forgiveness. The delay in resolving the deductibility issue has created some problems for small businesses, said Michael Greenwald. Other tax breaks -- such as the 20% pass-through deduction, the R...

  • 01/06/2021
    COVID-19, the Public Support Test and your Nonprofit’s Status
    By Marie DeCicco, Denise McKnight and Sarah Avery

    COVID-19 has had a vast and varied impact on our economy. Unfortunately, in many ways nonprofits are bearing the brunt of a post-COVID economy characterized by tightening of wallets and reduced cash flow. Among the many unexpected challenges it has introduced, a post-pandemic economy could contribute to an unanticipated change...

  • 01/05/2021
    Friedman LLP 2020 Year In Review

    Friedman’s first-ever Year In Review stands in solidarity with those impacted by the challenging events of 2020. In these pages, you will see for yourself how we, like many, rallied together to support each other, our clients and our communities. ...

  • 01/04/2021
    Crain's Coolest Offices in New York 2020

    We are pleased to announce that Friedman was featured among Crain’s list of the “Coolest Offices in New York.” To be eligible, offices needed to have been opened, renovated or modified between January 1, 2019, and March 31, 2020. Judging was done by Crain’s editorial staff based on surveys, descriptions and...

  • 01/04/2021
    Friedman's January 2021 Promotions

    Please join us in congratulating eight new Friedman partners! Effective January 1, 2021, the following Friedman professionals were promoted to partner: Tom Cantwell – Audit, East Hanover Scott Croff – Tax, Philidelphia Chad Keeports – FLVS, Marlton Scott Musmeci – Audit, Long Island Shahla Sedgh – Tax, New York Ryan Spencer – Tax, East Hanover Shirllen Tong – China Consulting, New York Huina Zheng – Audit,...

  • 12/24/2020
    Additional Tax Related Provisions of the Consolidated Appropriations Act, 2021
    By Michael J. Greenwald, MPPM, CPA, Business Tax Leader 

    The initial attention generated by the Consolidated Appropriations Act, 2021 (“the Act”) focused on the economic relief provisions – enhancement and expansion of the Paycheck Protection Loan program, extension of unemployment benefits, a second round of stimulus checks, etc. – but the Act also addressed a number of tax and...

  • 12/23/2020
    Friedman LLP Named One of "America's Best Tax and Accounting Firms" by Forbes

    Friedman LLP is proud to be named among Forbes' "America's Best Tax and Accounting Firms" for 2021. Forbes created its list of America's top firms in partnership with Statista, a market research company, based on client and employee surveys. The list features 250 firms recommended for tax work, 200 for their accounting...

  • 12/22/2020
    Congress Finally Passes the Emergency Coronavirus Relief Act of 2020
    By Author: Michael Greenwald, MPPM, CPA, Business Tax Leader

    Like college students right before winter break, the 116th Congress closed its term with one last all-nighter. And, while the Consolidated Appropriations Act, 2021 does not include many relief provisions deemed vital by Democrat or Republican representatives and senators, there is still much that both sides agreed was necessary –...

  • 12/21/2020
    SALT Co-lead Quoted on California's Tech Titans Leaving Home for Texas-sized Tax Savings

    Christian Burgos, co-leader of the State and Local Tax practice at Friedman LLP, was recently quoted in TechRepublic on rising taxes in California motivating executives to consider relocating to Texas. "Technology professionals deciding to leave California is not surprising and is not a new phenomenon. Personal income taxes have been steadily increasing...

  • 12/18/2020
    Amish Mehta on Nonprofits and the New Year

    Amish Mehta, partner and nonprofit practice leader at Friedman LLP, was recently quoted in an LIBN article on nonprofits switching gears and looking toward the new year. With the world in flux and a new administration beginning in January, Mehta said this is the perfect time for nonprofits to look at...

  • 12/17/2020
    FireEye Hacked! What this means for the rest of us.

    Everyone is susceptible to successful cyber-attack, even one of the world’s best cybersecurity firms: FireEye. You may have heard the name prior to the recent reports of a breach, as people from FireEye are frequently guests on national news shows or quoted in national and international publications. Let’s take a closer look at...

  • 12/16/2020
    Friedman’s New Partners for 2021

    Friedman is thrilled to announce the promotion of eight partners, effective January 1, 2021. Our new partners are all internal promotions.  Tom Cantwell – Audit, East Hanover Scott Croff – Tax, Philadelphia Chad Keeports – FLVS, Marlton Scott Musmeci – Audit, Long Island Shahla Sedgh – Tax, New York Ryan Spencer – Tax, East Hannover Shirllen Tong – China Consulting, New York Huina Zheng – Audit,...

  • 12/15/2020
    FireEye Breach: Three Key Lessons

    On December 8, 2020 FireEye, a respected global cybersecurity firm, announced that it had been breached by a sophisticated hacking group using novel tools. That makes FireEye the latest cybersecurity company to suffer from an attack, with past victims including Symantec, Kaspersky and RSA, among others. Read the full article,...

  • 12/15/2020
    CyZen Client Success Spotlight: Arizona Beverages

    Hear from Michael Mendelsohn, CISO of the widely recognized brand Arizona Beverages, on his experience working with CyZen and the value of their services. To learn more about CyZen’s array of services and ways they can be of assistance to your clients/contacts, reach out to Will Mendez. ...

  • 12/15/2020
    [Webinar] Examining 2021 from All Angles: Public Company Outlook

    Access this exclusive webinar where industry experts in the accounting, legal and consulting field will discuss key items for public companies and their management teams to consider for 2021. Our expert advisors shared insights on: Legal and accounting trends ICFR audits Critical audit Matters and impact on disclosures & audit committee involvement Increased interested and use...

  • 12/10/2020
    Friedman LLP’s Digital Currency Practice Joins Chamber of Digital Commerce

    Friedman LLP has been at the forefront of the digital currency industry for more than five years, helping an array of clients navigate innovation in the area of accounting. Our Digital Currency and Blockchain Technology Practice offer a full suite of audit, accounting, tax, cybersecurity and consulting services to the...

  • 12/09/2020
    Neil Levine Named to Friedman LLP Management Committee

    Friedman LLP, a top-40 accounting and advisory firm, has added Neil Levine, partner and co-leader of the Public Company Services practice, to its Management Committee. Neil brings more than 30 years of experience as an audit professional to the firm’s Management Committee. In this role, Neil will employ many of the leadership...

  • 12/08/2020
    How Donating Crypto Saves You Money On Taxes
    By Special guest writer, co-founder of the Giving BlockAlex Wilson 

    There’s a reason high net worth individuals donate highly appreciate assets like crypto and stocks About 6 months ago, Twitter and Square CEO, Jack Dorsey, donated $1 billion dollars worth of Square stock. Jack didn’t donate in the form of stock for the sake of convenience. He and many others are smart...

  • 12/07/2020
    Susanne Spinell Shuster Elected Treasurer of Center City Proprietors Association

    We are excited to announce that Susanne Spinell Shuster has been elected Treasurer of Center City Proprietors Association in addition to sitting on the Executive Committee. Susanne has been on the Board of Directors of CCPA for 5 years and involved with the organization for about 10 years. It is a great,...

  • 12/07/2020
    Tom Corrie on the Deutsche Bank Study

    Tom Corrie, Principal and Co-Leader of the State and Local Tax Practice at Friedman LLP, recently shared his views with NextAdvisor on the Deutsche Bank study and working from home. Tom Corrie, says the study has flaws, in particular when it assumes that people who work from home enjoy more job security. “When...

  • 12/04/2020
    Friedman Names Neil Levine and Lee Sheilds as Co-Managing Partners of South Jersey Offices

    Audit partner and co-head of Friedman’s SEC practice Neil Levine and accounting and tax partner Lee Sheilds to succeed current managing partner Carl Bagell, who will remain as partner and assist the duo in their transition Marlton, New Jersey, December 4, 2020 – Friedman LLP, a leading accounting, tax, audit and...

  • 12/04/2020
    Fred Berk Joins DFK/USA Executive Committee

    We are proud to announce that Co-Managing Partner, Fred Berk, has joined the DFK/USA Executive Committee as the Vice President of Practice Management. “The advice to surround yourself with smart people holds true—especially when I think about my involvement with DFK/USA and DFK/International. I’m honored to have met so many talented...

  • 12/03/2020
    LIBN Names Friedman LLP a 2020 “Best Place to Work”

    We're thrilled to announce that for the fourth consecutive year, Friedman was named among Long Island Business News's, "Best Places to Work" in 2020. This award recognizes Long Island's top employers, including large and small companies. Honorees are chosen based on a questionnaire of benefits offered, including average salary, health care,...

  • 12/02/2020
    [Webinar] Guiding Nonprofits and Donors Through a New Landscape

    Access this full nonprofit webinar recording, geared toward helping you successfully navigate this new, and evolving, nonprofit landscape.  Our expert advisors shared insights on: Year-End Tax and Charitable Planning Recommendations for donors How nonprofit organizations have pivoted this year What charities are currently doing to continue to serve our communities The importance of why charitable giving is more important...

  • 12/01/2020
    Transferring Wealth With This Trust Can Yield Big Tax Advantages

    Brandon Baker, Friedman’s Trust, Estate and Gift Tax Practice Leader, recently shared his insights with Financial Advisor on grantor-retained annuity trusts, "GRAT”s. The grantor is responsible for tax on the income generated by the assets in the GRAT, said Brandon Baker. “Many of our clients are in a rolling GRAT [where] the grantor...

  • 11/30/2020
    What Public Companies Need to Know About CAMs
    By Amber Czulada, Audit Manager and Brian Kearns, CPA, Partner

    Three years after the Public Company Accounting Oversight Board’s (PCAOB) new auditing standard on the auditor’s reporting model became effective for large accelerated filers on December 15, 2017, auditors are now preparing to communicate critical audit matters (“CAMs”) for non-large accelerated filers. Communication of CAMs for audits of non-large accelerated...

  • 11/30/2020
    People and Firms on the Move: Carol Messman

    Accounting Today recently shared the exciting news that Carol Messman has joined Friedman as a Tax Partner. To see the full list, head here....

  • 11/23/2020
    [WEBINAR] Access the 2020 Sidoti Event Recording

    As most of you are aware, the incoming Biden administration has put forth a tax plan that could have meaningful implications for your company’s year-end tax planning and your 2021 tax situation. Access the full recording from tax expert, Michael Greenwald's, highly-anticipated webinar in collaboration with Sidoti, here. In this presentation, Michael addresses some...

  • 11/23/2020
    Friedman Welcomes Carol S. Messman

    We are thrilled to announce that Carol S. Messman, CPA has joined Friedman as a Tax Partner. Carol brings more than 30 years of experience meeting the integrated tax and accounting needs of clients in real estate, hospitality and private equity. She has concentrated her efforts primarily in taxation of...

  • 11/19/2020
    Friedman Participates in Walk to End Alzheimer's Disease

    Despite the distance between us, Friedman employees still joined forces to participate in the Walk to End Alzheimer's.  This annual event is held in more than 600 communities nationwide. This walk is the world’s largest event to raise awareness and funds for Alzheimer’s care, support and research.  To learn how you can...

  • 11/19/2020
    Latest IRS Guidance Dashes Hopes of Deducting Expenses Paid with PPP Loans
    By Michael Greenwald, MPPM, CPA, Business Tax Leader

    The Paycheck Protection Program (“PPP”), passed as part of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), was a welcome relief for small businesses, providing a financial lifeline through the recession caused by COVID-19. The fact that forgiven loans wouldn’t be taxable income made PPP even more useful....

  • 11/17/2020
    Blockchain Technology Firms’ Transfer-Pricing Issues

    Friedman's Farnaz Amini, Ph.D., and Adnan Islam, Esq., CPA, LL.M. were featured in a comprehensive article covering blockchain and transfer pricing. This piece walks you through the basics of block chain, common technology used and the impact of the COVID-19 pandemic on business dealings in this space.  Read the full coverage, here. ...

  • 11/17/2020
    Tax Audits Enforcement and the COVID-19 Pandemic

    David Shuster was featured in an exclusive interview with Accounting Today, covering how the pandemic will affect tax revenues.  “Given the magnitude of projected state budget shortfalls, the expectation is that states will have to legislate tax increases and make budget cuts rather than rely on increased audits and enforcement to cover...

  • 11/16/2020
    IRS Issues Guidance Confirming Deductibility of State Tax Payments by Pass-Through Entities Not Subject to SALT CAP
    By By Christian J. Burgos, J.D., LL.M., Managing Principal and Tom Corrie, JD, LL.M., Principal

    On November 9, 2020, the Internal Revenue Service (“IRS”) issued Notice 2020-75 (“Notice”), which announced that proposed regulations will be forthcoming, clarifying the deductibility of “state and local income taxes imposed on and paid by a partnership or an S corporation” (collectively, “Pass-Through Entities” or “PTEs”) on its non-separately stated...

  • 11/12/2020
    What You Need to Know about State vs. State Telecommuting Rules During the Pandemic
    By Tom Corrie JD, LL.M., Principal

    As employees continue to work remotely through the COVID-19 pandemic, some states are concerned about potential lost tax revenue with respect to non-residents who normally live in a neighboring state, but work in the subject states. Since my previous article about the state tax issues created by the extended period of...