Search Results

• 09/22/2020
  Michael Greenwald on Limited Liability Partnerships in Exclusive U.S. News Feature

  Michael Greenwald, Friedman’s Business Entity Tax Practice Leader, recently shared his insights with U.S. News and World Report on what a Limited Liability Partnership is exactly and the varying protections of LLPs by state. “An LLP is an entity created by state law, usually used for professional practices, such as legal, accounting...

• 09/21/2020
  Friedman Ranked in NJBIZ's 2020 "Best Places to Work in New Jersey"

  Friedman is honored to be recognized by NJBIZ in their Best Places to Work in New Jersey for yet another year! We are proud to be distinguished among other esteemed NJ businesses. The winners are decided based upon employee participation with the “Best Places to Work” survey, which confidentially collects data...

• 09/17/2020
  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...

• 09/17/2020
  Jill Jacobs Appointed Co-Chair of the DFK International Marketing Committee

  Jill Jacobs, Chief Marketing Officer at Friedman, has been appointed as one of the newest co-chairs of the DFK International Marketing Committee. The DFK/USA committees’ primary objective is to concentrate on marketing strategies to grow the firm. They meet bimonthly in person to share successful marketing investments and learn from various...

• 09/16/2020
  Friedman Honored in Arena’s Digital Accountancy Awards 2020

  We are proud to announce that Friedman was recognized as a finalist in the category of "Thought Leadership Initiative of the Year" in Arena’s Digital Accountancy Awards 2020. The winner will be announced in their upcoming September event.  Arena recognizes the successes and innovations from the leading players in the industry. Their...

• 09/16/2020
  SPACs, IPOs – What to Know About Going Public By Maggie Chiang, CPA, Senior Audit Manager

  Special Purpose Acquisition Companies ("SPAC") are companies created solely for the purpose of raising capital via Initial Public Offerings (“IPO”) and in pursuit of transactions. These entities have grown in popularity, particularly over the past two years. Statistics show that 62 SPACs went public in 2019, collectively raising approximately $11.2...

• 09/15/2020
  How to Qualify for Home Office Deductions During the Pandemic

  John Bono, a CPA and Partner at Friedman, shares his insights with Newsday on how you may or may not qualify for a home office deduction. Working on your couch won't help on your taxes, "but if you have a separate office where you meet clients you may be able to claim...

• 09/03/2020
  Tax Pros’ Top Grumbles About the IRS Coronavirus Slowdown

  Kim Dula, Managing Partner of Friedman LLP’s Philadelphia office, shares her experience with Accounting Today on some of the frustrations tax preparers and taxpayers faced during the pandemic. Yet a “flurry of notices” to taxpayers also caused annoyance, according to Kimberly Dula. “Many taxpayers filed their returns electronically at various times before...

• 09/03/2020
  Professionals on the Move: September 2020

  CPA Practice Advisor just listed their “Professionals on the Move: September 2020” issue featuring Friedman’s promotions. Friedman LLP recently announced more than 100 promotions throughout the China, East Hanover, Long Island West, Long Island East, Marlton, New York, Philadelphia and Linwood locations. These promotions include four new principals, six new directors,...

• 09/03/2020
  IRS Finalizes Regs on BEAT for Multinationals

  Adnan Islam, Friedman Partner and Co-Practice Leader of the firm’s International Tax group, shares his insights with Accounting Today on the final BEAT regulations that the Internal Revenue Service just released. The final BEAT regulations are generally taxpayer favorable and allow taxpayers to elect a BEAT waiver provision, according to Adnan Islam....

• 09/03/2020
  Here’s How Trump And Biden May Change Your Clients’ Taxes

  Jo Anna Fellon, lead partner of private client services at Friedman, recently shared her insights with Financial Advisor on the presidential candidates’ tax plans and client concerns. “This year, it’s not what has been proposed by each party that concerns top earners,” said Jo Anna M. Fellon. “It’s what they fail to...

• 09/02/2020
  SJBIZ "On the Move:" Lindsay Gaal and Pat Dugan

  South Jersey Biz announces two Friedman promotions: Lindsay Gaal has taken on the position of Chief Operating Officer in addition to her current role as Chief Human Resources Officer and Pat Dugan, promoted from Director to Principal. To see the full article, head here....

• 09/02/2020
  The SBA’s Latest Guidance Analyzed: Why Borrowers May Have to Rethink Their Approach to Loan Forgiveness

  Friedman’s Business Tax Practice Leader, Michael Greenwald, was recently featured on the NJCPA Focus Blog sharing his article on the SBA’s latest PPP loan forgiveness guidance. Just when you thought it was safe to proceed with applying for Paycheck Protection Program (PPP) loan forgiveness, the Small Business Administration (SBA) — which had been...

• 09/01/2020
  Are Your Internal Controls Strong Enough to Withstand the Impact of COVID?By Marie DeCicco, CPA, Partner and Denise McKnight, CPA, Partner

  Beyond business closures, widespread unemployment and entire industries staggered by depressed spending, savvy boards and owners are carefully tracking an unheralded but insidious threat to their reputation and financial standing. Like the film cliché of the call that’s coming from inside the house, fraud is a haunting reminder that those...

• 08/31/2020
  How Friedman LLP is Meeting the Challenges of a Newly Remote Workforce Head-on

  A top-40 accounting firm Friedman LLP is finding innovative ways to keep employees connected, engaged and cyber-secure while joining the U.S., and world, in navigating an unprecedented digital work force. Frequently ranked as a “Best Place to Work” by regional and national publications, investing in their employees’ personal and professional well-being...

• 08/31/2020
  Treasury Issues Guidance on Payroll Tax Withholding DeferralBy Michael J. Greenwald, MPPM, CPA, Partner, Business Entity Tax Practice Leader

  With four days to spare before the effective date of Tuesday, September 1, Treasury finally released guidance implementing the President’s August 8 Executive Order allowing taxpayers to defer withholding of the employee’s portion of Social Security taxes. At two and a half pages, (double spaced with wide borders) the guidance...

• 08/31/2020
  Supporting Employees through the Pandemic: Friedman LLP Includes Sylvan Learning to Benefits Package

  In anticipation of the challenges our employees may face while educating their children during the pandemic, we’re excited to announce that Friedman added Sylvan Learning to our robust benefits package. This national, supplemental educational program is designed to help students succeed in any school environment. As a reflection of our firm’s...

• 08/27/2020
  The SBA’s Latest Guidance AnalyzedBy Michael J. Greenwald, MPPM, CPA, Partner, Business Entity Tax Practice Leader

  Why Borrowers May Have to Rethink Their Approach to Loan Forgiveness

• 08/26/2020
  Have Children? How to Ensure You Receive the $500 Stimulus Payment

  Kirsten Toler, a CPA and Senior Tax Manager at Friedman, recently shared her insights with U.S. News and World Report on the IRS non-filers tool that was established for the $500 government stimulus payment for children of 2018 or 2019 federal income tax return non-filers. "If someone plans to file for 2019...

• 08/24/2020
  Can People Who Work Remotely Be Taxed Twice?

  Kim Dula, Managing Partner of Friedman LLP’s Philadelphia office, shares her insights with Financial Advisor on remote workers and taxes. “Although an employer may know that their employee is working from home, the employee’s home address on record may not be where he or she is actually working,” said Kimberly Dula. “Also, if...

• 08/20/2020
  [Webinar] Mergers and Acquisitions: Business Growth in a Time of Upheaval

  Watch the recent webinar where experts from Friedman, HSBC, MMG Advisors and Morrison Cohen joined forces to share concrete strategies to help viewers in the consumer goods industry successfully execute a merger and acquisition in the wake of the upheaval created by COVID-19.  Contact our advisors for further guidance to help you leverage...

• 08/19/2020
  [Watch] Friedman’s CIO Donald Logan in Accelerating Cloud Strategy Execution Webinar

  Friedman's Chief Information Officer, Donald Logan, shares valuable insights during his guest panel discussion on Boomer's Netgain Webinar on "Accelerating Cloud Strategy Execution." Watch the full webinar below: ...

• 08/17/2020
  Inside Public Accounting Announces Lindsay Gaal as Friedman’s New COO

  Inside Public Accounting recently shared Friedman’s exciting news that Lindsay Gaal has taken on the position of Chief Operating Officer in addition to her current role as Chief Human Resources Officer. Gaal has nearly 10 years of experience providing comprehensive HR services. In addition to her work in public accounting, she has provided...

• 08/13/2020
  CMO Jill Jacobs Shares Tips on Managing and Transforming Budgets With AAM

  Friedman's CMO Jill Jacobs shared tips on managing and transforming budgets at the Association for Accounting Marketing’s recent Emerge Virtual Conference. As a panelist at this rapid fire bullet-point session, Jill discussed: Focusing on initiatives with a measurable return, particularly digital marketing Seeing what you can take on in-house Negotiating with vendors to see where you...

• 08/12/2020
  Sailing Through Uncharted Waters: Working Remotely During the Pandemic and New York’s “Convenience of the Employer Rule”

  As taxpayers continue to wrestle with the challenges brought about by the COVID-19 pandemic, one important question remains, how will working from home affect them from a state and local tax perspective? Their concern generally centers around the possibility of being taxed on the same income by more than one...

• 08/10/2020
  IRS Publishes Final Regulations on SALT Cap Workarounds

  Last week, the Treasury and IRS announced final regulations limiting the effectiveness of certain State and Local Tax (“SALT”) cap workarounds. Following the December 2017 enactment of the Tax Cuts and Jobs Act (“TCJA”), which limited individuals’ itemized deductions for state and local taxes to $10,000 ($5,000 for married persons filing separately),...

• 08/10/2020
  Inside Public Accounting Ranks Friedman as a 2020 Top 100 Firm

  We're thrilled to announce that INSIDE Public Accounting (IPA) recognized Friedman as a 2020 Top 100 Firm and Top 100 Fastest-Growing Organic Growth Firm for the second consecutive year. The IPA Top 100 Firms rankings are compiled from data gathered in the annual IPA Survey and Analysis of Firms, which attracts...

• 08/07/2020
  SBA Issues Yet Another PPP Loan Forgiveness FAQ

  As the Small Business Administration (SBA) gets ready to accept lenders’ Paycheck Protection Program (PPP) loan forgiveness applications on August 10, the Administration and Treasury issued guidance in the form of 10 pages of Frequently Asked Questions (“FAQ”) designed to further aid borrowers and lenders with the forgiveness process. Click here...

• 08/06/2020
  [Access Recording] Building Blockchain Infrastructure: Market Maturation Issues

  Thank you for joining our webinar. If you missed it or would like to view again, access it any time by clicking the link below. During this one-hour session, you will come away with fresh perspectives and perhaps a new strategy as the barriers of entry to blockchain get smaller...

• 08/06/2020
  How COVID-19 is Impacting Life Science Real Estate in the Greater New York City AreaBy by: Michael Stoler, President, New York Real Estate TV, LLC

  The tremendous growth of the global life sciences sector, and its real estate property needs (including construction, leasing activity and funding for new projects), has garnered significant attention from commercial real estate investors. Currently, between 800,000 and 900,000 square feet of lab space is in demand throughout New York City. According...

• 08/03/2020
  Ryan Dudley in an Exclusive Interview with the Financial Advisor: How Clients with International Holdings Can Benefit From New Tax Regs

  Friedman’s Ryan Dudley, International Tax Practice Co-Leader, spoke in an exclusive interview with the Financial Advisor on how clients with international tax holdings can benefit from new tax regulations. Wealthy clients who have substantial investments in certain multinational megacorporations might benefit from a new U.S. tax regulation. The Treasury Department and the...

• 07/31/2020
  IRS Clears Up Some Confusion on Business Interest DeductionsBy Michael J. Greenwald, MPPM, CPA, Partner, Business Entity Tax Practice Leader

  The Tax Cuts and Jobs Act (“TCJA”) was the most sweeping overhaul of the Internal Revenue Code since President Reagan’s Tax Reform Act of 1986. Given the fact that there were no hearings on TCJA and little advance legislative planning, many of the law’s provisions required regulatory clarification. However, the...

• 07/30/2020
  Friedman Summer 2020 Promotions and New Hire Announcement

  We are pleased to announce more than 100 promotions throughout our China, East Hanover, Long Island West, Long Island East, Marlton, New York, Philadelphia and Linwood locations. These promotions include four new principals, six new directors, and a new Chief Operating Officer. Please join us in celebrating a number of...

• 07/30/2020
  Crain’s names Maria Gonzalez a 2020 Rising Star in Real Estate

  Crain’s New York Business published its “2020 Rising Stars in Real Estate” and named Maria Gonzalez, Partner at Friedman LLP, among its honorees. The 79 Rising Stars in real estate are being recognized for their knowledge, skills, integrity, accomplishments and contributions to their profession and to the community. They are the...

• 07/30/2020
  Carl Bagell Recognized in 2020 Power 50 List

  South Jersey Biz names Friedman’s Managing Partner of Southern New Jersey, Carl Bagell, one of the Power 50 business leaders in South Jersey. These distinguished leaders on the list each bring a unique skill set to the table while sharing a common bond by doing their part to move the South Jersey...

• 07/30/2020
  People and Firms on the Move: James Aronoff

  Accounting Today recently shared the news that James Aronoff joined Friedman’s Forensic Accounting, Litigation Support and Valuation Services Practice as Managing Principal. To read the full article, head here. ...

• 07/28/2020
  William Mendez and Eric Freeman on the MGM Data Breach

  The MGM suffered a data breach earlier this year, which affected approximately 10.6 million guests. Our cybersecurity experts revisit this breach and discuss its potential impact with what appears to be some good news in an exclusive interview with Hospitality Technology. To read the full article, head here....

• 07/28/2020
  IRS Finally Releases Business Interest Expense Regulations

  On July 28, the Internal Revenue Service finally released its guidance on the deductibility of business interest. We expected this release in March. However, the pandemic put the IRS on hold and then Congress made changes to the law in the Coronavirus Aid, Relief and Economic Security (“CARES”) Act. The new...

• 07/27/2020
  Michael Greenwald Speaks on PPP Loan Forgiveness Webinar with Obermayer

  Michael J. Greenwald, MPPM, CPA, Partner, Business Entity Tax Practice Leader spoke aboutPPP Loan Forgiveness in an exclusive webinar with Obermayer. Watch the full discussion here for techniques to guide your financial decision making: PPP Loan Forgiveness Q&A Webinar from Obermayer on Vimeo....

• 07/24/2020
  [Access Recording] Nonprofits and Crytptocurrency: Fundraising in the Digital Age

  Watch our recent webinar that was focused on nonprofit fundraising in the digital age with insights from several digital currency and nonprofit industry experts.  Friedman’s Digital Currency Practice: Cryptocurrency and blockchain tutorial The Giving Block: Leveraging cryptocurrency, including bitcoin, in your nonprofit organization Friedman’s Nonprofit Practice: Impact of Nonprofits accepting gifts of cryptocurrency ...

• 07/23/2020
  Friedman CMO Jill Jacobs Featured in AAM on Communication Techniques During a Crisis

  Jill Jacobs, Chief Marketing Officer at Friedman LLP, shares her insights with Association for Accounting Marketing on how Friedman handled the COVID-19 crisis. “Agility and responsiveness are key,” said Jill Jacobs. “In a crisis situation, it is hard to predict where things will go next, so you should plan for different...

• 07/22/2020
  [Watch] Friedman’s Noel Capuano’s Q and A Session with Attorneys from Cooper Levenson

  Watch Noel Capuano CPA, CFF, CVA, Principal’s exclusive Q and A session with attorneys Alexandra Rigden and Cynthia Grob from the Family Law team where she covers everything from income tax returns to financial challenges divorcing couples face. ...

• 07/21/2020
  2020 NJBIZ Power 50 Accounting

  We are thrilled to announce that three Friedman professionals were recognized in the NJBIZ Power 50: Accounting list: Mike Saccomanno, CPA, ABV, CFF, CVA, CDFA, Partner FLVS – Marlton C. Christopher Smith, CPA, Partner-in-Charge – East Hanover Danielle Dvorak, CPA, MS, Senior Tax Manager – East Hanover The Power 50 lists are selected by the NJBIZ editorial board who consult...

• 07/20/2020
  People and Firms on the Move: Harriet Greenberg Appointed President of DFK International

  Harriet Greenberg, Co-Managing Partner at Friedman, was recently featured in Accounting Today with the latest news of DFK International appointing Harriet as President, making her the first woman to lead the global association. To read the full article, head here....

• 07/20/2020
  SEC Staff Provides Guidance on COVID-19-Related DisclosuresBy Willem van der Berg, CPA, Partner

  While you are busy working on your filings, remember that the Securities and Exchange Commission (SEC) staff provided new guidance on COVID-19-related disclosures for companies like yours to consider. In June 2020, the staff in the Division of Corporation Finance (Corp Fin) of the SEC released “CF Disclosure Guidance Topic: COVID-19...

• 07/16/2020
  Bob Charron on the July 15th Filing Deadline

  Bob Charron, Partner and Tax Practice Leader at Friedman LLP, appeared on Fox 5 New York TV giving his insight on the July 15th filing deadline. Watch his interview below: ...

• 07/15/2020
  Amish Mehta Featured in The Chronicle of Philanthropy on Ways to Regain Trust After a Scandal

  Amish Mehta, Partner and Nonprofit Practice Leader at Friedman, shares his insights in The Chronicle of Philanthropy on how nonprofits must be transparent and show empathy following a scandal in order to repair reputational damage and restore trust. To read the full article, click here. ...

• 07/13/2020
  Kim Dula’s Insights on Standard vs. Itemized Deductions Featured on Fidelity.com

  Kim Dula, Managing Partner of Friedman LLP’s Philadelphia office, shared the pros and cons of standard vs. itemized tax deductions in her exclusive feature on Fidelity's personal finace insights page. To read the full article, head here....

• 07/10/2020
  Harriet Greenberg Appointed President of DFK International

  Co-Managing Partner, Harriet Greenberg has been appointed as President of DFK International, making her the first woman to lead the top ten global association of independent accounting, tax and business advisory firms. Her historic appointment was formally made during DFK International’s ‘virtual’ annual general meeting which was held online following the postponement of...

• 07/02/2020
  Tax Practice Leader Bob Charron on Applying for a 2019 Tax Extension

  Bob Charron, leader of Friedman’s Tax Practice, recently spoke with Barron’s on the delayed July 15 filing deadline for 2019 tax returns and the potential benefits of extending your filing deadline to October 15. While the IRS has sent most payments, “if someone hasn’t received a stimulus check and they would...