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All Insights

  • 01/22/2019
    Minimize Your Capital Gains Tax With Qualified Opportunity Zones

    Friedman's Steven Bokiess shares how you can minimize capital gains tax using Qualified Opportunity Zones under the Tax Cuts & Jobs Act-- while spurring economic growth in low-income areas.  To learn even more about this exciting investment opportunity, register for our QOZ webinar on 1/24!...

  • 01/14/2019
    Proposed changes to the hardship distribution regulations for 401(k) & 403(b) plans
    By David Waddington, CPA, Partner

    On November 9, 2018, the IRS released proposed amendments to the hardship distribution regulationsapplicable to 401(k) plans (“Proposed Regulations”) that permit such distributions.. These amendments reflect changes in the law under the Tax Cuts and Jobs Act of 2017 (“Tax Act”) and the Bipartisan Budget Act of 2018 (“Budget Act”). Although...

  • 01/14/2019
    How to Remain Cyber-Secure While Traveling

    Friedman CyZen's Jake Lehmann was recently interviewed for a publication by Wherever Family, in which he was asked for tips on how to keep your personal information safe while traveling. Jake discusses the importance of remaining diligent and using certain precautions in order to reduce the likelihood of your information falling into the...

  • 01/10/2019
    Michael Greenwald on the Government Shutdown's Effect on QOZs

    Real Estate Finance and Investment reached out to Friedman's Michael Greenwald for insight on how the government shutdown has affected Qualified Opportunity Zones. In the article, Michael explains that the shutdown has prevented important legislation regarding Opportunity Zones from being discussed. A hearing within the Department of Treasury that was due to...

  • 01/09/2019
    Michael Lawrence Named in LIBN "40 Under Forty"

    Friedman's Michael Lawrence is an honoree for Long Island Business News' 2019 "40 Under Forty"! This prestigious title pays tribute to Long Island's most promising business people under the age of 40, working towards success and positively impacting their community. To see the full list of honorees, click here. ...

  • 01/04/2019
    Chris Smith Shares Importance of Work/Life Balance

    In a NJBiz article on management in accounting firms, Friedman's Chris Smith shared the importance of work/life balance, especially in the professional services industry. Chris references Friedman's initiatives such as Summer Fridays, a casual dress policy and Friedman U, an internal program for employees that focuses on topics such as business development...

  • 01/03/2019
    Michael Greenwald on Why Partnerships Need to "Look Under the Hood"

    Corporate and Business Tax Practice Leader, Michael Greenwald recently gave his expert advice to partnerships in an article published by Bloomberg BNA. Greenwald stresses the importance of preparing for audits sooner rather than later, based on currently proposed rules from the IRS that could be made final soon. "It is a good opportunity to look under...

  • 01/02/2019
    David McKelvey Thinking Forward to 2019

    In Long Island Business News' issue on "Forward Thinking", Friedman's David McKelvey gave his outlook on what 2019 will be like for the accounting industry. "We project 2019 to be an exciting, challenging and advantageous year for the accounting profession," says McKelvey. David discusses how the sweeping reform brought about by the...

  • 01/01/2019
    Tax Reform Resource Center

    Expert Insights on Sweeping Tax Changes Affecting You and Your Business

  • 12/27/2018
    Kim Dula on How New Tax Laws Affect Charitable Giving

    Friedman's Kim Dula was recently quoted by Fortune on the effect new tax laws have on charitable donations. Dula says, "without itemized deductions, most people will lose all tax benefits associated with charitable giving." To read the full article, click here....

  • 12/20/2018
    Donald Logan Joins Friedman LLP as Chief Information Officer

    Donald Logan joined the firm’s headquarters as the Chief Information Officer ("CIO"). Don’s extensive background supporting the unique IT needs of the accounting profession will further enhance the firm’s already well-fortified IT structure. We look forward to continuing to expand Friedman’s capabilities in this critical area. Don brings more than 20...

  • 12/18/2018
    Friedman LLP Launches Qualified Opportunity Zone Consulting Practice

    New York — December 18, 2018 — Top 50 accounting and advisory firm, Friedman LLP, expands its dynamic service offerings to include Qualified Opportunity Zone (“QOZ”) Consulting . The QOZ program, created under the 2017 Tax Cuts and Jobs Act (“TCJA”), is a tax incentivized investment initiative meant to spur...

  • 12/13/2018
    Steve Bokiess on Qualified Opportunity Zones

    Steve Bokiess, Partner and Leader of Friedman's new Qualified Opportunity Zones Consulting practice presented on the topic of Qualified Opportunity Zones (QOZ) at Friedman's Real Estate Forum that took place last month. As a new opportunity for tax incentives formed under the Tax Cuts and Jobs Act, QOZ is a very hot...

  • 12/12/2018
    Jo Anna Fellon on Easing Nerves Over New Reporting Requirements

    Jo Anna Fellon, CPA, Partner gave her reassuring insights to Compliance Week in their article on companies' shift in tax reporting under the Tax Cuts and Jobs Act.  Fellon is quoted on how high anxiety over the new reporting standards is often blown out of proportion. To read the full article, click here....

  • 12/11/2018
    IRS Issues Proposed Regulations on Business Interest Expense Deductions
    By Michael J. Greenwald, MPPM, CPA, Partner

    As 2018 comes to a close and with the holidays upon us, the IRS has given us a gift in the form of extensive regulations. Specifically, we now have more guidance on the regulations governing the new limitation on business interest deductibility. In April 2018, the IRS released temporary guidance on...

  • 12/11/2018
    Shaji Varghese, CPA, Partner and Brandon Baker, CPA, Principal Join Friedman LLP’s Philadelphia Office - Expanding the Firm's Robust Client Offerings

    New York - December 11, 2018 - Top 50 accounting and advisory firm Friedman LLP announced today that Shaji Varghese, CPA, Partner, and Brandon Baker, CPA, Principal, have joined the firm’s Philadelphia office, bringing with them a wealth of cross-industry expertise. Shaji Varghese is an Audit Partner at Friedman LLP, bringing...

  • 12/11/2018
    Tax Structuring and Planning Considerations for International Businesses
    By Adnan Islam, JD, MBA, LL.M., CPA, Partner

    With 2019 around the corner, international businesses still have an opportunity to restructure ownership and operations to exploit the dramatic changes made by the Tax Cuts and Jobs Act (TCJA or the Act). Prior ownership and operational structures may be outdated and inefficient and must be reviewed to assess the benefits...

  • 12/10/2018
    Kevin Hyams on Corporate Culture in Japan

    Kevin Hyams, Partner in Charge of Friedman's Governance, Risk and Compliance practice, was recently quoted in an article by Law360 concerning the arrest of Nissan Chairman Carlos Ghosn. In the article Hyams discusses the lack of consistent corporate culture in Japan and how this has affected numerous companies in the country. To read...

  • 12/10/2018
    Webinar Recording: Unclaimed Property

    On December 6th, we hosted a webinar on increased unclaimed property risks and how to mitigate your company's financial and operational exposure. With states aggressively pursuing unclaimed property, our goal was to share practical guidance to help you to establish a sound reporting process and remain compliant....

  • 12/07/2018
    NYC Real Estate Forum Spotlight: Alternative Financing, Opportunity Zones

    On Thursday, November 29th, Friedman hosted its NYC Real Estate Forum in Midtown Manhattan. The focus of the forum was "The Rise of Alternative Lending in Commercial Real Estate" showcasing industry leaders' firsthand experience and knowledge of this growing source of financing. The forum also featured keynote speaker John Catsimatidis of Red Apple Group and was...

  • 12/04/2018
    Friedman LLP Names Kim Dula Managing Partner for Philadelphia Office

    Accomplished tax and planning professional to succeed current Managing Partner Chuck Shechtman, who will remain as Partner

  • 12/04/2018
    Jake Lehmann on Wifi Security at Airports

    Managing Director of Friedman CyZen, Jake Lehmann, gave his expert insight on the risks of using airport public wifi and the safety measures you can take to avoid your personal information being compromised. To read the full article by the Los Angeles Times, click here....

  • 12/03/2018
    Bob Charron on Wall Street Tax Parties

    Tax Practice Leader, Bob Charron, gave his expert insight to the New York Post on how many Wall Street bankers and traders are using elaborate parties as write-offs for their inflated tax bills.  “The taxes on their income this year are enormous, especially if they live in Manhattan, where it can be...

  • 11/30/2018
    Jake Lehmann on Avoiding Holiday Cyber Scams

    Jake Lehmann was recently interviewed by US News and World Report for his expert insight on cyber scams around the holiday season. Lehmann discusses the shady tactics used by many hackers to steal valuable personal information, especially during a time when many people are shopping online for gifts. To learn how hackers are...

  • 11/29/2018
    Highlights from Commercial Observer’s Downtown Forum Featuring Friedman’s Fred Berk

    Fred Berk, Co-Managing Partner and Real Estate Practice Co-Chair, joined distinguished real estate leaders from Brookfield Properties, Cushman and Wakefield, Jack Resnick and Sons and Howard Hughes Corporation for an interactive panel discussion on “Downtown's Return as One of NYC's Hottest Submarkets.”   For exclusive coverage of the event, head here....

  • 11/27/2018
    Clarity From Capitol Hill:

    How you can benefit from the 199A Pass Through Deduction

  • 11/26/2018
    Bob Charron Quoted by Consumer Reports

    Tax Practice Leader, Bob Charron, was recently quoted in an article by Consumer Reports on the deductability of large medical bills. "If one spouse has high medical expenses and a relatively lower adjusted gross income, filing separately may allow that spouse to exceed the 7.5-percent floor and deduct some medical expenses that...

  • 11/19/2018
    [Checklist] New Financial Reporting Standards, New Game Plan

    With December a few weeks away, the countdown to implementing the New Financial Reporting Standards is on. We compiled a simple checklist to give you step-by-step guidance to keep you prepared and compliant, so you can set the gears in motion now to avoid unwanted surprises tomorrow. Miss our webinar recording?...

  • 11/19/2018
    Ask the CPA - Matthew Blank

    In this edition of Ask the CPA, Business Development Manager, Matthew Blank, discusses ways to enhance the brand awareness of your professional services firm. According to Matthew, the key is to teach employees how to be successful advocates of your organization. See all that he has to say, here....

  • 11/19/2018
    Inbound US Tax Issues for Middle Market Companies

    Friedman's Adnan Islam recently authored an article featured in Law360 regarding the tax changes brought along by the Tax Cuts and Jobs Act and how it affects non-US corporations. Read the full article, here....

  • 11/16/2018
    Kim Dula Featured on

    Friedman's Kim Dula was recently featured in an article on titled "Bridging the Women's Retirement Income Gap". In the article Kim gives her expert insights on how to properly invest for the future. Read the full article here....

  • 11/13/2018
    Friedman LLP Announces Plan to Move NYC Office to One Liberty Plaza

    New working space to boast latest amenities and technology

  • 11/13/2018
    Tax Guide 2018-2019

    Concerned how the latest tax developments may impact your 2018 tax strategies? As you head into your 2018 tax planning, this online guide will help you prepare for your particular situation and reap the most benefits under Tax Cuts & Jobs Act (“TCJA”). Whether you are filing as an individual or business, we...

  • 11/13/2018
    New Jersey Tax Amnesty
    By Alan Goldenberg, JD, LL.M., Principal

    New Jersey will be offering a tax amnesty program to encourage taxpayers with outstanding taxes to pay the taxes they owe. Beginning on November 15, 2018, New Jersey will provide a 60-day tax amnesty program giving taxpayers an opportunity to file and pay past due-taxes with reduced interest and no...

  • 11/12/2018
    New Nonprofit Liquidity Disclosure – Tips to prepare you for changes to come
    By Marie DeCicco, CPA, Partner

    Of all the changes in the new nonprofit financial reporting standard (ASU 2016-14), the Nonprofit Liquidity Disclosure has drawn the most attention and questions. The new standard requires that your nonprofit highlight its liquid assets and add a narrative angle on how it manages liquidity. Specifically, you will need to demonstrate that...

  • 11/06/2018
    John Tax Named in Long Island Business News' Who's Who

    Friedman's John Tax was recently named in LIBN's Who's Who in Accounting. The publication features those in accounting who provide exceptional service to their clients. John is recognized for 20 years of public and 4 years of private accounting experience in the real estate industry. To see the full article, click...

  • 11/02/2018
    IRS Announces 2019 Limits Affecting Qualified Plans

    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"). Illustrated below are the differences from last year to this year. If you have any questions about this alert, please contact David Waddington or your...

  • 11/02/2018
    Webinar Recording: 5 Trends Shaping a New Reality for Nonprofits

    Shifts in the technology space are compelling nonprofits and service oriented industries to respond in real time to support their growing needs. We hosted an exclusive webinar in collaboration with Firespring to help you understand and respond to these seismic shifts. Nonprofit Practice Leader, Amish Mehta along with Jay Wilkinson, founder and CEO...

  • 10/26/2018
    How Brick and Mortar Businesses are Adapting to Compete with E-Commerce
    By Michael Stoler, The Stoler Report

    Contrary to popular belief, the rise of e-commerce hasn’t meant the decline of brick and mortar businesses. Savvy businesses across the nation are successfully adapting their approach to meet the widespread consumer demand for unique, luxury in-house retail experiences. Even the most iconic brands understand a name will only take...

  • 10/26/2018
    Deconstructing Pass-through Business Income: Planning Opportunity For Rental Property Owners

    Eight months into the tax year, practitioners and taxpayers anticipated that the Section 199A deduction rules, released recently by the Internal Revenue Service ("IRS"), would provide clarity—especially for rental property owners. Unfortunately, this hasn’t been the case. Many questions are still unanswered. Based on the existing information, our tax advisors identified...

  • 10/26/2018
    Deferring Capital Gains When Selling Real Estate: Qualified Opportunity Zones vs. 1031 Exchanges
    By Steven Bokiess, CPA, Partner

    Opportunity Zone Funds, a feature of the 2017 Tax Cuts and Jobs Act (“TCJA”), allow investors significant tax breaks on capital gains by incentivizing investments in qualified low-income communities known as “opportunity zones.” When selling real estate, it’s important to weigh the benefits of investing in a qualified opportunity zone...

  • 10/26/2018
    Ryan Dudley Featured in ICAS

    Friedman's Ryan Dudley has been featured in an article by ICAS in which he discusses the lack of guidance from the IRS on Foreign Derived Intangible Income (FDII) and the costs and complications associated with an offshore structure. To read the full article, click here....

  • 10/24/2018
    Ask the CPA - Denise McKnight

    Friedman's Denise McKnight discusses how to execute an efficient year-end physical inventory count in this edition of Ask the CPA. Denise stresses the importance of being prepared and how you can ensure an accurate and smooth inventory count. See what Denise has to say, here....

  • 10/23/2018
    Digital Currency 101
    By Robert Graham, CPA and Joshua Santos, CPA

    Two of Friedman's digital currency experts, Robert Graham and Joshua Santos, recently authored an insightful article for MicroCap Review Magazine. In this article, they walk you through several critical regulatory and accounting aspects of the digital currency landscape including: Accounting for digital currency Measuring digital currencies at fair market value Planning for income tax...

  • 10/23/2018
    Ryan Dudley Featured in Law360

    Ryan Dudley, Practice Leader of Friedman's International Tax Group, was asked for insight on how efforts to combat international tax avoidance are disproportionately affecting smaller businesses compared to large multinationals. To read the full article by Law360, click here....

  • 10/22/2018
    Kim Dula Featured by NJBiz

    Friedman's Kim Dula was featured in an article by NJBiz on family business and tax planning. In the article, Kim stresses the importance of timeliness in multigenerational tax planning and the effects the Tax Cuts and Jobs Act has on it. To read the full article, click here....

  • 10/22/2018
    Jerome Glickman Talks Tax Reform's Impact on the NFL

    Jerome Glickman, Director, was recently featured by Bloomberg and Accounting Today in articles on how tax changes have affected NFL teams in high-tax states. "A player for the Miami Dolphins or Houston Texans, where no state income taxes are levied, was always going to come out a whole lot better than somebody...

  • 10/19/2018
    Who Qualifies for a Business Income Deduction?

    The recently proposed Section 199A statute has raised many questions, including who may qualify for the new deduction of up to 20% of earned income. As part of the NJBIZ Digital Guide to Year-End Tax Planning Friedman experts, Michael Greenwald and Jo Anna Fellon, help clarify the complex proposal here....

  • 10/19/2018
    NOL Reform Makes Planning for the Future Even More Important

    The revised guidelines for Net Operating Loss (NOL) means top earners may not feel the full benefit of tax rate decrease that was a part of the Tax Cuts and Jobs Act. However, Friedman's Karl A. Neulinger and Brian Kristiansen say that consulting a tax advisor before the end of the...

  • 10/19/2018
    3 Planning Strategies for the New Tax Landscape

    Throughout the year, the topic of tax reform has been a hot topic for many business owners and individual taxpayers. While some deductions were repealed, others were introduced. Friedman's tax experts, Jo Anna Fellon and Brian Kristiansen, share 3 planning strategies to help optimize your tax benefits in the 2018 NJBIZ Digital Guide to...

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