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  • 11/09/2017
    House Tax Reform Bill: Digging Below the Surface to Reveal Critical Analysis

    By now, you’ve seen media headlines covering the House Tax Reform Bill introduced on November 2. What you may not be aware of is how potential problems with the general tax provisions can directly impact you and your business. This Tax Alert addresses the questions you want answers to, suggests...

  • 11/07/2017
    Tax Guide 2017-2018

    To help steer your tax planning strategies under the current Trump Administration, this online guide provides an overview of key tax provisions you need to be aware of amidst the possibility of dramatic changes in tax law. For example, you could see changes to your tax rates and breaks and...

  • 11/06/2017
    Download Tax Reform White Paper Now!

    As Washington takes up the mantle of tax reform, Friedman LLP proudly releases a timely study featuring insights gleaned from a broad-based web survey of more than 480 business leaders on their reactions to proposed tax changes.  This exclusive report, developed by Friedman, breaks down the survey results into 6 key...

  • 11/06/2017
    Friedman LLP’s Kim Dula featured in Marketplace Radio

    Marketplace Radio featured insights from Friedman’s Kim Dula in an exclusive segment about Why accountants can't wait for the new tax bill. Dula states that the suspense and uncertainty around this new bill are “killing” her clients who ask, “Is it going to expire and is it going to come...

  • 11/01/2017
    How to Claim Research Payroll Tax Credits

    If a business dedicates resources to creating or improving products, processes or software, it may be eligible for substantial federal tax credits for “increasing research activities.” There’s just one catch: To enjoy the benefits, the company must have sufficient federal tax liability against which to offset the credit. Historically, that...

  • 11/01/2017
    Tax Tip

    Mutual Funds, Deductions, and Capital Gains

  • 11/01/2017
    Unclaimed Property Tips to Protect your Business in the Present
    By Tom Corrie, JD, LLM, Principal

    Nearly twenty years ago, while consulting with several clients about state and local tax issues, I discovered a problematic theme—noncompliance in the unclaimed property (UP) area. Oftentimes, when I mentioned unclaimed property, client responses fell into two categories: the client denying that they had unclaimed property or the client admitting...

  • 11/01/2017
    Philadelphia’s Onerous Business Tax Regime

    Must-knows on the BIRT and NPT

  • 10/31/2017
    5 Must-Knows Before You Hire a Nonprofit Fundraising Consultant

    Hiring a nonprofit consultant to execute and amplify your organization’s philanthropic initiatives may seem like a no-brainer. However, subpar fundraising campaigns can often result when organizations do not perform due diligence, which include, scaling the benefit of a fundraising consultant, selecting the right person for the job and knowing how...

  • 10/30/2017
    Friedman LLP Ranked as #1 Best Places to Work on Long Island 2017

    Friedman LLP is proud to announce that the firm has been ranked number 1 on Best Places to Work on Long Island in 2017, click here....

  • 10/27/2017
    Ask the CPA
    By Russell Gordon, CPA, CVA, Partner

    Is there a way to minimize taxes on short-term capital gains?

  • 10/27/2017
    CPA Practice Advisor Features Friedman Share to Care Social Giving Campaign

    CPA Practice Advisors spotlights the Friedman Share to Care Social Giving Campaign in support of nonprofit client, Urban Arts Partnership. Learn more about our first-ever social philanthropy campaign here....

  • 10/26/2017
    Friedman Featured in Fund Technology for US GDPR Implementation

    Friedman LLP’s Partner, Kevin Hyams, explores the General Data Protection Regulation (GDPR) implementation for U.S. companies in an exclusive Fund Technology Magazine feature. “It has taken a lot of US operations by surprise… many of them are not aware of the full ramifications of GDPR and the consequences,” states Hyams....

  • 10/26/2017
    Friedman Featured in The Street on Board's Accountability when CEOs Face Sexual Harassment Claims

    In the wake of recent Sexual Harassment claims in Hollywood, Friedman LLP’s Kevin Hyams shares must-read insights in The Street on how boards are unquestionably accountable when a CEO faces these claims. Kevin states, “Boards have a fiduciary responsibility to ensure that no harm comes to the organization.” Read more,...

  • 10/25/2017
    Friedman LLP launches “Share to Care” social giving campaign!

    New York, October 25, 2017. In celebration of #GivingTuesday, Friedman LLP announced the launch of their first-ever Share to Care social giving campaign in support of its nonprofit client, Urban Arts Partnership (UAP). Friedman will donate $4 to UAP each time their #FriedmanCares Slideshow is shared on social media to...

  • 10/24/2017
    Ask the CPA
    By Susanne Spinell Shuster, CPA, MST, Director-In-Charge, Outsourced Accounting 

    Should I stay or should I go? How you can transfer portions of your business to your child through gifting the business interest.

  • 10/23/2017
    Friedman featured in US News & World Report for Investing Red Flags

    Friedman LLP’s Harris Devor shares insights in US News & World Report on essential steps you can take to examine an investment as financial fraud becomes increasingly complex. To read more click here....

  • 10/23/2017
    IRS Announces 2018 Limits Affecting Qualified Plans

    Each year, the IRS announces tax inflation adjustments for the following year. The adjustments are based on changes to the Consumer Price Index ("CPI"). Illustrated below are the differences from 2017 to 2018. If you have any questions about this alert, please contact David Waddington or your Friedman engagement partner. View 2018 IRS Limits...

  • 10/13/2017
    Commerce Magazine: Best Practices Guide

    Friedman’s Co-Managing Partner, Fred Berk was featured in Commerce and Industry Associate of New Jersey’s Best Practices Guide for 2017 – 2018. Read about how the firm’s powerfully personal approach empowers entrepreneurs to reach their financial goals here....

  • 10/09/2017
    Friedman featured in Newsday for Must-know Guidance on Disaster Relief Donations

    In the aftermath of the devastation caused by Hurricanes Harvey, Irma and Maria alongside earthquakes in Mexico, many rush to aid those in need while others aim to capitalize on their misfortune. NY Newsday featured expert insights from Friedman LLP’s Amish Mehta on how to effectively donate to those in...

  • 10/05/2017
    Breaking News: Ominto, Inc. Appoints Friedman as New Audit Firm

    We are pleased to announce that Ominto, Inc. has appointed Friedman LLP as its new audit firm. Ominto is a global leader and growing company in the Cash Back e-commerce, marketing and entertainment industries. “Friedman is a firm of the highest quality and ethical standards and we believe their comprehensive...

  • 10/05/2017
    Gaps In Trump-GOP Tax Plan Hint At Loss Of Current Benefits

    What key details and policy goals are missing from the Trump Administration’s tax plan? Friedman’s Mike Greenwald highlights the seemingly intentional holes in the Trump-GOP tax plan, the reasoning behind them and their effects on current benefits in Law 360. Read more here. Download our exclusive tax reform white paper for key...

  • 10/03/2017
    Highlighting the Unspoken in the September Tax Reform Framework
    By Michael J. Greenwald, MPPM, CPA, Partner

    This exclusive Tax Alert provides expert insights on critical areas not mentioned in the President's recently released tax reform framework. This analysis highlights areas which may either complicate the reform process, represent potential sources of revenue to offset the cost of tax reform, or reduce the perceived benefits of reform.  Capital...

  • 10/02/2017
    Breaking News: IBREA announces Friedman LLP Bronze Level Corporate Partnership

    Alexandra Levin Kramer, President of IBREA shares, “We are very pleased to have Friedman LLP join us as a Corporate Member. They are leading in their field of accounting, tax, and business consulting when it intersects with blockchain real estate.” Read more about Freidman’s bronze level partnership with IBREA here!...

  • 09/29/2017
    Emerging Trends in Residential Rental Apartments: The Advent of the Lifestyle Building
    By Michael Stoler, The Stoler Report

    An influx of new co-living and residential shared housing rental apartments throughout the metropolitan area are transforming the marketplace. This influx is in response to a desire among city dwellers to cultivate an all-inclusive in-house experience that champions community building and optimizes efficiency in tight living quarters. This issue of...

  • 09/29/2017
    New Jersey Bulk Sales Rules: For the Protection of Buyers and the State
    By Alan Goldenberg, JD, MBA, LL.M

    States are often concerned that sellers of assets, particularly those from out-of-state, will disappear with the sales proceeds without satisfying their state tax obligations. To prevent this, many states require the filing of a bulk sales notice with the taxing authority notifying it of the pending sale. This allows the...

  • 09/29/2017
    Reverse 1031 Exchanges: Stay Within the Safe Harbor or Be Prepared for Uncharted Waters
    By Andrew Cohen, JD, LL.M

    Key Takeaways from the Bartell Case

  • 09/28/2017
    White House Tax Reform Framework Released
    By Michael J. Greenwald, MPPM, CPA, Partner

    The White House released its promised tax reform agenda, known as the “September Framework.” While longer than the previous version, and relying on Congress to fill in much of the detail, it is generally similar to the one-page plan released earlier this year and the House GOP 2016 Blueprint for...

  • 09/28/2017
    Businesses Await Details of GOP Tax Overhaul Plans

    President Trump unveiled his tax reform plan, known as the “September Framework,” promising tax cuts to working class Americans and an increase in business spending. But how will this affect everyone in-between? Mike Greenwald shares his insights with Bloomberg Radio discussing the plan and its future impact on the rest...

  • 09/27/2017
    Essential Guidance for Navigating Impactful Disaster Relief Assistance Opportunities

    Knowing your options for providing assistance is the first step toward making a big impact on communities that have been devastated by disaster. Even the most seasoned donors or nonprofits can fall victim to opportunistic entities that divert funds from charitable causes to pad their own pockets. In the wake...

  • 09/27/2017
    Scott A. Maier – In Memoriam

    The firm is deeply saddened by the loss of our partner, Scott Maier, who passed away on September 27, 2017. Scott’s more than 25 years of experience as an auditor, valuation specialist and business consultant added great value to both our firm and his clients. He will be missed by...

  • 09/25/2017
    VIDEO: Succession Planning

    Don't Wait Until it's Too Late

  • 09/25/2017
    What DC Chatter on Tax Code Reform Means for Real Estate

    While congress continues to prioritize tax reform in the Trump Administration, uncertainty and instability loom over the real estate industry, forcing them to adapt annually to new rules. Friedman’s Mike Greenwald shares his thoughts in the Commercial Observer about congress weighing in on the Internal Revenue Code and the changes...

  • 09/25/2017
    Why Renting Out Your Home Could Cost You Big Time

    Airbnb’s increasing popularity as a solution for homeowners to make money on unused space may actually be costing them by overlooking 5 essential things. Liz McGrath, Director at Friedman LLP, weighs in on paying income taxes on the rental and uncovers how expenses relating to the rental can be deducted....

  • 09/18/2017
    Four Questions on Partnership Audit Rules as IRS Hearing Nears

    Michael J. Greenwald shares must-know insights surrounding impending adjustments to the Partnership Audit Rules in an exclusive Bloomberg BNA feature. CPA groups hope for a delay in the effective date to voice their apprehensions and push for alternative modifications to the proposed rules. To discover the breaking issues surrounding the...

  • 09/18/2017
    3 Must-Know Tips to Continue Serving Clients Facing Credit/Bankruptcy Risk

    Is your business accurately protecting themselves from large clients facing credit and bankruptcy risk? Audit senior manager, Thomas Miranda shares exclusive insights in NJBIZ for business leaders serving clients facing financial risk. To discover methods you can use to protect your business, click here....

  • 09/06/2017
    Protect Your Company Against High Credit Risk Customers:

    5 Must-Know Tips for C-Suite Personnel and Shareholders

  • 09/06/2017
    What BioPharma Investors Need to Know about Financial Disclosure

    Stock News Now featured an exclusive article from Robert E. Fiorentino, CPA, Partner showcasing must-know financial disclosure insights for BioPharma Investors. For key tips on how to evaluate cash burn in one of the riskiest life science health sectors, click here....

  • 09/05/2017
    Because They’re Happy…

    An Inside Look at How Friedman LLP serves its fashion and jewelry customers best with a motivated workforce

  • 08/31/2017
    Estate Planning: Leaving a Home to Heirs While You’re Still Alive

    As baby boomers age and head into retirement, estate planning has become a thriving business. One of the most fraught questions in estate planning is how best to deal with our homes. Partner, Scott Testa shares exclusive insights in the New York Times on how the IRS calculates the value...

  • 08/31/2017
    Dealer vs. Investor: What factors are considered and why it matters

    When real property is sold for gain or loss, an important question to ask is whether the seller is a dealer or investor in real property. To read Andrew Cohen’s exclusive feature in Mid Atlantic Real Estate Journal on the differences between dealers and investors in real estate, click here....

  • 08/31/2017
    Cohn's Plan to Maintain Tax Deductions Benefits Consumers

    Cohn plans to uphold the largest deductions for consumers regarding mortgage interest payments, retirement funds and charitable donations.

  • 08/31/2017
    Parsing the future of tax reform: ‘A world of unknowns’

    While an overhaul of the U.S. tax system, especially in the international context, is arguably long overdue. Uncertainty regarding the deliberate absence of the Border Adjustment Tax from the Joint Statement on Tax Reform released by congressional leaders and the Trump administration leaves observers concerned about the wide-reaching impact posed...

  • 08/31/2017
    Trump Tax Plan May Free Up Corporate Dollars, but Then What?

    The goal of the tax overhaul promised by President Trump and Republican congressional leaders is to reduce the tax bills of corporations and small businesses, but also to stimulate investment, create jobs, increase global competitiveness and promote economic growth. The New York Times mentioned Friedman’s recent survey of business leaders...

  • 08/29/2017
    The Future of Charitable Giving, Part II
    By Sarah Avery, CPA, Director

    Incorporating donor-advised funds and other giving vehicles in your fundraising toolkit

  • 08/24/2017
    Friedman LLP Featured in Yoga Journal

    Yoga Journal features C. Christopher Smith, CPA, Partner at Friedman LLP’s expert analysis of why YogaWorks stock lost value almost immediately after the IPO on August 11th. Learn how these insights apply to your business and get a pro investment tips. Click here....

  • 08/24/2017
    Friedman LLP Featured in Bloomberg BNA

    Businesses are apprehensive that lawmakers could downgrade many of the changes they’re hoping to see in tax reform to short-term tax cuts that won’t grow long-term company profits. For the full article with expert insights from Michael J. Greenwald, MPPM, CPA, Partner click here....

  • 08/23/2017
    Tax Tips: Home Sale Exclusion and Tax-Free IRA for Kids

    These brief tips discuss how the IRS now views the unexpected birth of a child an "unforeseen circumstance" when it applies to the home sale exclusion and also explains how children can take advantage of a tax-free Roth IRA. Home sale exclusion: Unexpected birth is “unforeseen circumstance” The unexpected birth of a...

  • 08/23/2017
    Cash vs. Accrual: Are You Using the Right Accounting Method?

    Which accounting method should your business be using for tax purposes? Many business owners are surprised to learn that they have a choice. True, certain businesses are required to use the accrual method, but you’d be surprised how many businesses are eligible for the cash method. If you have the...