Friedman LLP Partner Harriet Greenberg was recently quoted in an article for Fox Business titled "5 Financial Lessons from Retirees".
In many instances, professionals in the early years of developing their practices will delay putting funds aside for retirement.
Recent Press Mentions and Announcements Partner David McKelvey was recently interviewed by U.S. News & World Report on individual tax breaks expiring this year. He also contributed to a Long Island Business News article on tax incentives for advanced degrees. Partner Ryan Dudley was quoted in taxation articles in International Business Times. Senior...
Normally, if a transaction is subject to sales tax, the tax is imposed upon the price charged the retail customer with respect to the sale of taxable tangible personal property or the provision of taxable services.
With state governments facing sharp declines in tax revenue and increases in fiscal spending, more and more states are searching for additional revenue streams.
From a tax perspective, pass-through structures — such as limited liability companies (LLCs), S corporations and partnerships — have been the preferred business entity choice in recent years.
or years, like a worn-out record, Congress repeatedly went through the motions of temporarily patching the alternative minimum tax (AMT), with the goal of limiting the number of taxpayers who were liable to pay it.
Now that lawmakers have made high gift and estate tax exemptions “permanent,” you may feel less pressure to make lifetime gifts to reduce the size of your taxable estate.
Watch out for unscrupulous payroll providers
Partner David McKelvey was recently interviewed by U.S. News & World Report on individual tax breaks expiring this year.
Partner Ryan Dudley was quoted in an article on the international tax evasion crackdown in International Business Times.
Partner Michele Amato was recently interviewed by Compliance Weekly on finding corporate fraud.
Litigation in the wake of corporate frauds is keeping the in pari delicto defense in the news - and its critics apoplectic.
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").
The practice of philanthropy has played an enormous role in the building and promoting of education, religion, social welfare, the arts and charitable institutions.
The IRS and Treasury recently issued final tangible property capitalization regulations.
Real estate rental activities are considered passive activities for all taxpayers except qualifying real estate professionals.
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet Greenberg at HGreenberg@friedmanllp.com. In This Issue: Pay or play: are you ready for the new health care rules?Source: Friedman LLP Whose Brand is it Anyway? Ensuring Tour Brand is Paramount in a BPO...
Partner Linda Heaney has been selected as a member of the 2013 class of Long Island’s Top 50 Most Influential Women in Business.
Friedman LLP Partner Michele Amato has been selected to serve on the Center of Audit Quality's (CAQ) Professional Practice Executive Committee (PPEC).
Under accounting principles generally accepted in the United States of America (U.S. GAAP), financial statements are prepared under the presumption that the reporting entity will be able to continue as a going concern.
Earlier this year, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2013-06, "Not-for-Profit Entities (Topic 958)...
On October 1, 2013, public health insurance marketplaces are scheduled to go "live," as mandated by the Patient Protection and Affordable Care Act of 2010.
Friedman LLP, Accountants and Advisors, is proud to participate as a Bronze level sponsor of the upcoming Information Management Network (IMN) 2nd Annual Real Estate CFO Forum, being held at the Marriott New York Downtown from September 30-October 1. An audience comprised of professionals serving as real estate CFOs, treasurers and...
Kevin Hyams, Partner-in-Charge of Friedman LLP's Governance, Risk and Compliance Services Practice, will be speaking at the Informational Management Network's ("IMN") 2nd Annual Real Estate CFO Forum.
The IRS has released its final regulations on the tax treatment of expenditures related to tangible property.
As you begin to prepare for the end of 2013, there are many things that are on your mind. One is most likely the upcoming healthcare reform due to the Affordable Care Act.
Although The Department of Labor (DOL) published final regulations on January 14, 2010 (and effective on that date) providing "safe harbor" rules governing timely deposit of employee 401(k) contributions...
Every taxpayer at one time or another will get some type of correspondence from the IRS, but many are unaware of the proper steps to take in responding to it.
A recent ruling issued by the New York State Department of Taxation and Finance (the “Department”) provides some interesting guidance...
Beginning on Jan. 1, 2015, the health care act requires “large” employers to either: 1) provide “minimum essential” health care coverage to full-time employees
As the end of 2013 approaches, it’s time to think about year end tax planning.
When a family member experiences hard times, other family members might be quick to lend them whatever amount they need.
Is time running out for GRATs?
On August 29, the IRS issued Revenue Ruling 2013-17 clarifying that same-sex couples married in jurisdictions that recognize same-sex marriage will be treated as married for federal tax...
Section 1502 of the Dodd-Frank Act (the "Act"), passed by Congress in 2010, directed the SEC to issue rules requiring certain companies to disclose their use of so called "conflict minerals"...
If you haven't already taken steps toward compliance with the next wave of Affordable Care Act requirements, now is the time to do so.
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet Greenberg at HGreenberg@friedmanllp.com. In This Issue In New York's Outer Boroughs, the Need for More Retail Space ContinuesSource: Friedman LLP (Property Matters) Five Trends That Will Revolutionize the Sourcing BusinessSource: Sourcing Journal Retail Sales:...
Recent Press Mentions and Appointments Principal Michael Greenwald was profiled for a recent issue of Real Estate Weekly. Partner Harriet Greenberg was recently invited to Washington D.C. to participate in a discussion about Obamacare with Mark J. Mazur, Assistant Secretary for Tax Policy at the U.S. Department of the Treasury. Harriet, and...
With the amount of reliance that investors place upon the audited financial statements of publicly held companies, it is no surprise that regulators...
Friedman LLP recently added Lee Shields, CPA, to its partner group. Lee, who joined the firm July 1st, will work out of the Marlton, New Jersey office.
If you have any questions about the contents of this issue, please e-mail Partner-in-Charge of the Fashion Services Group Harriet Greenberg at HGreenberg@friedmanllp.com. In This Issue NYC Employee Benefits Your Company May Have OverlookedSource: Friedman LLP (Property Matters) Is the Unpaid Internship Dead?Source: Forbes.com Consumers Dial Back on Their SpendingSource: Wall Street Journal Retailers Align...
With millions of residents and more than 52 million visitors shopping annually, New York City is considered the world’s top retail location.
The retail mall, home of department and specialty stores, food courts, health clubs and assorted retailers, is slowly becoming the home of medical practices...
New York City offers many job opportunities in the field of real estate that are coveted and highly sought after by job candidates.
Increasingly, globalization is impacting the tax-exempt sector's activities including fundraising, grantmaking and investing.
Many taxpayers, when confronted with an overwhelming New York State tax liability, throw their hands up to the sky in despair...
In most states, sales tax is imposed on the sale of tangible personal property and certain specifically enumerated services.
Thanks to the American Taxpayer Relief Act (ATRA), the maximum capital gains tax rates are at their highest levels in years.