Search Results

• 10/09/2019
  Analyzing a Major Audit Victory From the Accountant and Attorney PerspectiveBy Sarah Avery, CPA, Director

  This edition of Nonprofit Advisor delivers an attorney’s insights on representing clients whose revenue streams have come under Internal Revenue Service (“IRS”) scrutiny and the importance of planning ahead to ensure that revenue generating practices are compliant with the regulations affecting nonprofit organizations. In the case analyzed, an IRS audit...

• 10/07/2019
  Further Effects of the Cap on SALT Deductions

  Director of Friedman's State and Local Tax Group, Tom Corrie, recently discussed the wide-ranging effects that the cap on state and local tax deductions is having on high-tax states. In a previous interview with the publication, Tom shared how the ruling was driving many high-tax residents out into more affordable...

• 10/04/2019
  Top Strategies to Tackle Tariff Increases

  As recorded by the American Apparel and Footwear, 91.6% of apparel, 68.4% of home textiles and 52.5% of footwear imports from China were affected by the 15% tariff that began September 1. Companies are continuing to face supply-chain disruptions and increased margin concerns, making it glaringly apparent that tariffs with...

• 10/04/2019
  South Jersey Biz with Justin Van Fleet - How can an employee make a good impression?

  Friedman's Justin Van Fleet was recently featured in NJBiz's Executive Q+A where he was asked "how can an employee make a good impression?" "Listening skills and showing respect to the people already at the table is probably the most important step to making a good impression. Once you appreciate all the hard...

• 10/04/2019
  Fashion Manuscript: People-Centric. Forward-Thinking. Award-Winning.

  New lease, new location - same vibrant Friedman culture. Mann Publication’s Fashion Manuscript featured Friedman in an exclusive article highlighting our unique fashion and jewelry practice group, showcasing our award-winning firm culture and new headquarters located in Downtown Manhattan. Check out the full spread here!...

• 10/03/2019
  Friedman Principal Named to CPA Practice Advisor's 40 Under 40

  On September 23, CPA Practice Advisor published the 2019 edition of its 40 Under 40 list, featuring Friedman Principal Steven Baum. CPA Practice Advisor’s annual list celebrates the “top practicing public accountants, educators and thought leaders who are leading their profession” and determines its honorees based on their innovation, leadership...

• 09/27/2019
  Webinar Recording: Reduce Your State Tax Liability - Navigating Apportionment Rules

  For businesses operating across multiple states, it’s critical to understand the impact of complex apportionment rules on your overall tax liability. With various state compliance rules on apportionment and lack of uniformity, many taxpayers over or under report their state tax liabilities—exposing them to potentially significant penalties. Friedman’s dedicated State and...

• 09/26/2019
  Ask the CPA - Colleen Crandall

  In September's edition of Ask the CPA, Colleen Crandall shares what you should expect in a 401(k) plan audit. Click here, to access Colleen's step-by-step guide!...

• 09/24/2019
  Two Friedman Professionals Recognized as Notable Women in Accounting and Consulting

  On September 23, Crain’s New York Business published its 2019 Notable Women in Accounting and Consulting, featuring Friedman's Muriel Cheng and Jaclyn Dominguez among its honorees. The Crain’s program celebrates recipients on the basis of “Career accomplishments… mentorship of others and their involvement in nonprofits and community organizations.” To see the complete list...

• 09/18/2019
  The Good, The Bad and The Cost Basis - Accounting Blockchain Coalition Webinar

  Friedman's cryptocurrency expert recently featured in an Accounting Blockchain Coalition webinar regarding digital currency. Access the full recording above!...

• 09/16/2019
  Brave the Shave

  On July 10, Friedman Gives Back, our employee-inspired philanthropy initiative, co-hosted a first-of-its-kind charity event in collaboration with Michael Saccomanno, a partner in Friedman's Forensic Accounting, Litigation Support & Valuation Services (FLVS) group. Thanks to an outpouring of support, $70,000 was raised in support of three amazing charities. Michael created this...

• 09/16/2019
  Alan Goldenberg on Moving to Philadelphia

  Friedman's Alan Goldenberg recently discussed many tax payers' desire to leave high-tax states such as New York and New Jersey with Northeast Pennsylvania Business Journal. "If you live in New York or New Jersey, your tax rate is just under nine percent. If you live in New York City, it's more...

• 09/16/2019
  How Uber Could Save Billions

  Co-Practice Leader of Friedman's International Tax Group, Ryan Dudley, recently sat with Fortune to discuss the possibly massive effects a small move by Uber may have on their future tax savings. By transferring intellectual property such as patents, copyrights and trademarks, Uber could stand to save billions. Click here to learn more and to...

• 09/11/2019
  Co-Managing Partner Fred Berk to be Honored at Mann Charitable Foundation Annual Golf Outing

  Friedman's Co-Managing Partner, Fred Berk, will be honored at the 2019 Mann Charitable Foundation (MCF) Golf Outing! The MCF was founded in memory of Marion and Irving Mann, and is dedicated to funding research for geriatric diseases and ultimately finding a cure for Alzheimer's disease. To learn more about the organization, click...

• 09/10/2019
  How New Standards Will Affect Your Company's Future Audit ReportsBy Thomas Cantwell, CPA, Senior Audit Manager

  There are significant changes coming to the audit reports of most public business entities. The new auditor reporting standard adopted by the Public Company Accounting Oversight Board (“PCAOB”) in June 2017 will make the auditor's report more useful to users of financial statements by requiring additional disclosures about the audit....

• 09/06/2019
  Congratulations to Friedman's Summer Promotees and New Hires

  Friedman is proud to announce 131 promotions across the firm's locations and departments. Congratulations to all of our employees taking the next step on their career journey. We are also delighted to announce the arrival of two new directors and three promotions. Reflective of the depth and breadth of Friedman's services,...

• 09/05/2019
  Life at Friedman LLP

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• 08/29/2019
  Friedman Named a Top Ten Fastest Growing Firm for Organic Growth

  Inside Public Accounting announced its “IPA Fastest-Growing Firms” for 2019, naming Friedman among the top ten fastest-growing firms for organic growth, and the only top ten firm for organic growth based in New York. Inside Public Accounting defines organic growth based on net revenue gains that are not attributable to a...

• 08/28/2019
  Tom Corrie Discusses What Happens When You Live in More Than One State

  Director of Friedman's State and Local Tax (SALT) group, Tom Corrie sat down with Forbes to discuss multi-state residency, as well as the intricacies and consequences that come with living in more than one state. Read the full article to learn more about the tricky, and sometimes subjective topic of domicile. View...

• 08/26/2019
  Friedman Featured in South Jersey Biz's 2019 Best of Biz

  Friedman is proud to be featured in South Jersey Biz’s 2019 Best of Biz issue as “Editor’s Choice” in the auditing category. South Jersey Biz’s Best of Biz celebrates regional businesses that have proven to “excel in their respective fields” and are among “the most reliable.” In the 2018 edition...

• 08/22/2019
  Diane Gitto on Bringing Jobs to New Jersey

  Friedman's Diane Gitto is featured in the "Focus on...Economic Development" section of ROI-NJ's August Newsletter, in which she shares how Friedman assisted a client in bringing over 80 jobs to Vineland, NJ. "We presented a tax incentive credit idea as well as incentives offered through the Center for Workforce Development that helped...

• 08/20/2019
  RCI Names Friedman LLP as Auditor

  We are pleased to announce that effective August 12, 2019 Friedman LLP was appointed to be RCI Hospitality Holdings, Inc.’s independent registered public accounting firm for the fiscal year ending September 30, 2019. "Friedman is one of the leading auditing firms for publicly traded companies," said Yura Barabash, a member of...

• 08/20/2019
  Ask the CPA - Susanne Spinell Shuster

  In the August edition of Ask the CPA Friedman's Susanne Spinell Shuster, Director-in-Charge of Outsourced Accounting Services, shares what everyone should know about Minority Owned Businesses. Susanne outlines the requirements for filing as a minority business and the benefits of doing so. To see the full Q&A, click here....

• 08/07/2019
  Donor Advised Funds – by the Numbers

  According to a recent Fidelity Investments report, a relatively low percentage (36%) of donors understand the fundamental principles of donor advised funds (“DAFs”). That’s an astounding statistic given the accelerated rate at which donor advised funds have grown in terms of contributions made and grants paid. DAFs accounted for 4.4% of...

• 08/06/2019
  Two Friedman Professionals Named in NJBIZ's 40 Under 40

  Friedman LLP is delighted to announce that two of our professionals have been named in NJBIZ's 40 Under 40 Awards! Robert Graham, Friedman's Digital Currency Practice Leader and Sviatlana Tsiaptseyeva, a Principal in the firm's Public Company Services Group, are the two young professionals being honored. This annual award presented by NJBIZ honors young professionals...

• 07/31/2019
  New IRS Enforcement ProgramsBy Lizabeth McGrath, Director - International Tax & David Shuster, Principal - International Tax

  U.S. Persons Face Greater Risks for Noncompliance Associated with Foreign Bank Account Reporting

• 07/30/2019
  The Tenant Protection Act: Changes for Landlords and Owners in the Future of Affordable Housing

  The unparalleled state Senate and Assembly’s “Housing Stability and Tenant Protection Act” marks the onset of sweeping changes to New York City’s residential rental market. While the agreement concludes months of speculation, the deal – affecting nearly a million housing units and 2.4 million people in New York City –...

• 07/30/2019
  Friedman Announces 2019 Summer Promotions

  Friedman is pleased to announce the promotion of employees reaching new stages in their careers. Summer promotions celebrate the hard work and career advancement of Friedman professionals at the level of Coordinator, Experienced Associate, Specialist, Semi-Senior, Senior, Manager, Senior Manager and Director, with promotions at the Principle and Partner level...

• 07/30/2019
  CyZen Wins Gold in the dotCOMM Awards for Website Creativity

  CyZen has been awarded gold for "website creativity" by the 2019 dotCOMM Awards! This is an international competition honoring excellence in web creativity and digital communication. Learn more about this prestigious award, here!...

• 07/30/2019
  How a Traditional Accounting Firm Embraced a Start Up Office Vibe

  Friedman's new New York City headquarters was featured in an article by LoopNet which discussed the sleek and modern office space located in Downtown Manhattan. Co-Managing Partner, Harriet Greenberg told LoopNet, "the move really changed the whole vibe of the company." With more space, an open layout, and bright, colorful accents throughout,...

• 07/29/2019
  TCJA-Altered Landscape Keeping Firms from Relocating

  The recent corporate tax rate drop to 21 percent may be causing U.S. based companies to think twice before relocating overseas for tax benefits, Friedman's Adnan Islam told Tax Notes. Islam, Co-Practice Leader of the firm's International Tax Group, said, "When you look at the administrative hassle and costs of moving...

• 07/25/2019
  CyZen Blog: Prioritizing Cybersecurity in Your Real Estate Business

  As owners, managers and developers rapidly digitize their transactions and implement building automation systems ("BAS") to stay ahead of evolving consumer demands, many are uncovering major gaps in their approach to data protection. Whether you’re now considering cybersecurity or submerged in new challenges to your existing plan, these techniques will keep...

• 07/25/2019
  Are FaceApp, TikTok, Snapchat and other camera apps safe?

  CyZen's Will Mendez recently spoke with Fox Business on the security of camera apps such as Snapchat, Instagram, TikTok and the recently viral FaceApp. He highlights the importance of always reading an app's privacy policy because you never know how or where they share your information. Hear what Will had to...

• 07/24/2019
  The Wayfair Decision: One Year Later and Still a Work in ProgressBy Alan Goldenberg, JD, MBA, LL.M., Principal

  Last year’s US Supreme Court ruling in South Dakota v Wayfair was the most significant development in state and local taxation in decades – with implications reaching across state lines. In its decision, the Court provided that states can impose sales tax requirements on remote sellers so long as those...

• 07/24/2019
  Economic Nexus and Market-Based Sourcing: How to Stay Ahead in an Evolving Tax LandscapeBy Tom Corrie, JD, LL.M., Principal

  As states continue to move forward, adopting varying approaches to market-based sourcing and economic nexus, taxpayers must understand how these two methodologies relate in order to avoid costly tax consequences. In some instances, differences in sourcing rules can lead to double taxation or “no-where” income. That’s why it’s crucial to...

• 07/24/2019
  Withholding Considerations for Nonresident EmployeesBy Alan Goldenberg, JD, MBA, LL.M., Principal

  One of the more difficult aspects of tax compliance for employers is dealing with employees who travel outside of their state of residence for business purposes. The challenge is that states have varying standards and obligations for employers to withhold income taxes on employees traveling to nonresident states for temporary...

• 07/24/2019
  Friedman Earns ClearlyRated’s 2019 Best of Accounting Award for Exceptional Client Service

  We are excited to announce that ClearlyRated named Friedman a “Best of Accounting” firm based on feedback to a client survey. This award recognizes accounting firms that have demonstrated exceptional service quality based exclusively on ratings provided by clients. See for yourself what our clients have to say about our personalized...

• 07/17/2019
  Ask the CPA - Russ Gordon

  Is your CFO a profit center or cost center?

• 07/15/2019
  Friedman Launches Office in Red Bank, NJ

  Growing New Roots in Monmouth and Ocean Counties

• 07/11/2019
  Friedman Sponsors Cradles to Crayons "Backpack-A-Thon"

  Friedman is proud to be a sponsor of Cradles to Crayons' 12th Annual Backpack-A-Thon! This wonderful organization helps 30,000 Philadelphia children start school right, by providing them with backpacks filled with brand new, age appropriate school supplies. 40% of children in the Greater Philadelphia region live in poverty or a low...

• 07/09/2019
  High-Tax State SALT Exodus

  Friedman's State and Local Tax (SALT) Practice Leader, Tom Corrie, recently discussed the large impact that the $10,000 cap imposed on SALT deductions has had on many taxpayers in high-tax states. "In light of the inability of an individual to deduct state and local income taxes on their federal return under the...

• 07/08/2019
  Michael Greenwald on 1031 Exchanges

  Friedman's Corporate and Business Tax Practice Leader, Michael Greenwald, recently discussed the appeal of 1031 Exchanges with Forbes. A 1031 Exchange allows for the deferral of capital gains taxes on an investment property when it is sold and the proceeds go towards another "like-kind property."  Learn why many of Michael's real estate...

• 07/01/2019
  Friedman LLP Relocates NYC Office to One Liberty Plaza

  New working space boasts latest amenities and technology

• 07/01/2019
  Brave the Shave - Media Coverage

  South Jersey Magazine sat with Michael Saccomanno, a partner in Friedman's Forensic Accounting, Litigation Support and Valuation Services (FLVS) group for an exclusive interview covering our highly-anticipated and first-of-its-kind charity event. On July 10, Friedman Gives Back will co-host a fundraising event was created in gratitude for the profound community support that...

• 06/27/2019
  Large Corporations Aren't Moving Back to the U.S. Just Yet

  Allergan Plc, a drug company that moved to Ireland in 2015 to avoid U.S. taxes, has been acquired by AbbVie Inc. signaling a win for U.S. lawmakers and regulators who have been trying to stop companies from moving their headquarters overseas. However, Friedman's Ryan Dudley told Bloomberg that the Allergan deal doesn't signal...

• 06/26/2019
  QOZ Webinar Recording: Actionable Guidance from the Latest Opportunity Zone Regulations

  Since the creation of Qualified Opportunity Zones (QOZ) under the Tax Cuts and Jobs Act, the excitement surrounding this powerful new investment tool has been palpable. With a new set of IRS guidelines and the clock ticking for investors to take advantage of potentially one of the biggest tax breaks...

• 06/26/2019
  Alan Goldenberg on New York and New Jersey Residents Moving Out

  Many individuals are looking for ways to mitigate the financial burden brought about by the $10,000 SALT Deduction cap in high-tax states. These taxpayers are looking to lower tax states for refuge, with Pennsylvania being a popular option among those in the Northeast. Friedman's Alan Goldenberg spoke with Fox Business on the...

• 06/24/2019
  Crain's Names Friedman Professional a Real Estate Rising Star

  On June 24, Crain’s New York Business published its inaugural list of Real Estate Rising Stars and named Friedman’s Steven Fischer, a Senior Audit Manager, among its honorees. The special feature celebrates the “knowledge, skills, integrity, accomplishments and contributions” of professionals with fewer than 10 years of experience in the...

• 06/20/2019
  CyZen Wins First Place in Website Category for LIBN's Long Island Digital Awards

  On June 13, members of CyZen’s team gathered at the Mansion at Oyster Bay for the second annual Long Island Digital Awards (LIDA). Following an exciting evening of networking among regional leaders, CyZen was called to the stage to accept first place in LIDA’s website category! Learn more here!...

• 06/20/2019
  The Cap on State and Local Tax Deductions Is Driving High-Tax State Residents Out

  Friedman's Alan Goldenberg recently sat with Fox Business to discuss the widespread impact the cap on state and local tax (SALT) deductions has had on high-tax states such as New York, New Jersey and California. Goldenberg said, "it took a few months for taxpayers to realize the dollar implications - until...