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  • 05/18/2017
    Survey Finds Businesses with Online Sales May Not Be Prepared for States’ Broader Interpretations of Nexus Rules
    By Tom Corrie, JD, LLM, Principal

    The demise of many of the larger traditional “bricks and mortar” retailers, coupled with the remarkable growth of mega online superstar Amazon, has encouraged many budding retail entrepreneurs to consider following an online sales format when establishing their business models. While the online model is still highly viable in many...

  • 05/15/2017
    Unrelated Business Income Tax: What Your Organization Should Know

    Charitable organizations exempt from tax under the Internal Revenue Code 501(a) may still be subject to the unrelated business income tax. Michael Sutter’s Nonprofit Advisor article on UBIT was featured in GuideStar. Read the full article here....

  • 05/12/2017
    Survey Says: Mixed Reaction to International Tax Reforms, Impact Remains Uncertain
    By Ryan Dudley, CPA, CA, CTA, MIT, Partner

    As President Trump and Congress tackle comprehensive tax reform, one of the most critical and controversial challenges is to effectively enact change on the international tax front. In today’s highly connected, information driven economy, the U.S.’s existing international tax rules are antiquated and generally uncompetitive by global standards, and these rules...

  • 05/12/2017
    Why Jared Kushner may face conflict woes from tax overhaul

    In a CBS Moneywatch story on the possible impact of a tax overhaul on the Kushner Companies, partner Michael Greenwald offers his perspective. To read the full article, click here....

  • 05/11/2017
    Friedman LLP Announces “Dress for the Day” Work Apparel Policy

    With flexible dress code, employees tailor their wardrobe to work agenda and client culture.

  • 05/10/2017
    Tax Reform Could Be Pushed to 2019 as GOP Focuses On Health Care

    Investors and analysts are split on what's next for taxes in light of a renewed effort on Capitol Hill to tackle health care. Partner and Corporate and Business Tax Leader Michael Greenwald was quoted on The Street discussing the importance of slowing down to focus on getting reform right, and...

  • 05/09/2017
    Ask the CPA

    Q: I hear that businesses can receive Pennsylvania tax credits for donations made to educational institutions. How does this work?

  • 05/05/2017
    6 Downsides to Making a Lot of Money

    Being rich may seem like a dream come true, but not all high earners live the high life.

  • 05/03/2017
    Survey Reveals Businesses Using Independent Contractors May be at Risk for Taxes and Penalties
    By David Shuster, JD, LLM

    Clients frequently ask, "What are my chances of being audited?” The answer varies by taxpayer type (business or individual), income level, and positions taken on returns, among many other factors. One thing clients can be sure of, however, is that the overall likelihood of an IRS audit is down more...

  • 05/01/2017
    Who are the winners and losers in Trump's tax plan?

    Who would come out ahead and who would be left behind if President Donald Trump's tax plan were enacted as is? Partner and Business and Corporate Tax Leader Michael Greenwald was quoted in CBS Money Watch discussing how Trump’s tax plan will affect taxpayers. To read the full article, click...

  • 05/01/2017
    Wall Street Gives Trump an Incomplete on First 100 Days

    The White House in recent days has walked a tight rope in the importance of the first 100 days. Michael Greenwald was quoted in The Street in an article discussing the Trump’s administration’s first 100 days. To read the full article, click here....

  • 05/01/2017
    The Survivor

    With a maximum tax rate of 40% for individuals worth $5.49 million and couples worth $10.98 million or more, the federal estate tax is one of the highest tax rates in the nation. Tax partner, Kim Dula was quoted in Financial Advisor, discussing estate planning and survivorship policies. To read...

  • 05/01/2017
    Friedman Ranks 3rd in NJBiz Best Places to Work in New Jersey for 2017

    Friedman is proud to announce that the firm has ranked 3rd among the Large Companies category in NjBiz’s Best Places to Work. Friedman was also ranked the top accounting firm. Among large companies, the Top 35 were ranked. To see the full list, click here....

  • 04/27/2017
    President Trump’s Proposed Tax Plan— What You Need To Know
    By Robert Charron, CPA, Partner

    On Wednesday, Treasury Secretary Steven Mnuchin and National Economic Council director Gary Cohn unveiled what they termed “the biggest tax cut “ in US history.  WHAT YOU NEED TO KNOW The top corporate tax rate would fall from 35% to 15%. Business owners of pass-through entities would have income taxed at the entity...

  • 04/27/2017
    Businesses, Investors Shrug at Trump's Detail-Lite Tax Plan

    In an article in The Street on Trump’s recent unveiling of his tax plan, Partner and Corporate and Business Tax Leader Michael Greenwald noted that it matters for businesses whether tax cuts will be made permanent. To read the full article, click here....

  • 04/25/2017
    UBIT: What Your Organization Should Know
    By Michael F. Sutter, CPA, Partner

    Most organizations exempt from tax under Internal Revenue Code (“IRC”) Section 501(a), including charitable, religious, scientific, and other organizations described in IRC Section 501(c), may be subject to tax on unrelated business income (UBIT), depending on the nature of the activities producing that income. It is important for an organization...

  • 04/25/2017
    Timing Compensation in a Changing Tax Climate

    All eyes on Sec. 409A

  • 04/25/2017
    Tax Tips

    Standard mileage rates can lead to inaccurate reimbursements

  • 04/25/2017
    Did your tax season measure up?

    At the end of tax season, most tax preparation firms, large or small, engage in self-examination. They look back at the season that has just ended and think about how successful they were compared to previous years. Co-managing partner Fred Berk was quoted in Accounting Today on end of year...

  • 04/25/2017
    The changing dynamics of tax reform

    Tax reform is on everyone’s mind after the new administration failed to repeal and replace the Affordable Care Act in its first 100 days. Friedman LLP’s recent tax series was mentioned in Accounting Today in an article on tax reform. To read the full article, click here....

  • 04/19/2017
    Retail Checklist: 10 Keys to Survive in the Rapidly Changing Environment
    By Michael Sacco, CPA, Partner

    The recent demise of many familiar retailers has signaled the end of an era for retail as we know it. Though the retail sector is not going away anytime soon, the old model is changing, and changing fast. It is evident that the retail industry is in need of a...

  • 04/18/2017
    What Is Considered a “Business”— and Why Does it Matter?
    By Christopher Smith, CPA, Partner

    The change to the Financial Accounting Standards Board’s (FASB) definition of a business, made earlier this year in an Accounting Standards Update (ASU),* will likely lead to more acquisitions being accounted for as asset acquisitions rather than business combinations. This is significant, since the definition of a business affects many...

  • 04/18/2017
    Friedman Once Again Ranks High in Quality of Life by Vault

    Friedman is proud to once again announce high quality of life scores in Vault’s 2018 Accounting Rankings. The firm ranked #1 in work/life balance, hours, and relationships with supervisors. Friedman ranked #2 in ten other areas, including satisfaction, firm leadership, culture, and compensation. The Vault Accounting Survey questions assess accountants’...

  • 04/18/2017
    Majority of Businesses Would Offer the Same or More Health Benefits if ACA Repealed, Survey Finds
    By Michael Greenwald, MPPM, CPA, Partner

    A recent survey* of business leaders conducted by Friedman LLP, showed some counterintuitive results when it came to the proposed repeal of the Affordable Care Act (“ACA”). A majority of respondents who were subject to the employer mandate of the ACA indicated they would offer either the same level of health...

  • 04/13/2017
    Amazon Wants to Dress You

    The e-commerce giant knows how to sell you underwear, but can it fill the rest of your closet?

  • 04/12/2017
    Survey Finds Business Leaders Favor Sweeping Tax Reform Proposals
    By Kim Dula, CPA, Partner and Dave McKelvey, CPA, Partner

    With Some Hesitancy Towards International Proposals

  • 04/07/2017
    Diamond Trade Banking on Relationships

    After a long rift, diamond industry and the banking sector have sat down together, having recognized the gulf that’s developed between them. Partner Eric Tunis contributed to the conversation in Rapaport discussing the importance of transparency and compliance in the diamond industry. To read the full article, click here....

  • 04/07/2017
    LIBN Ones to Watch: Accounting
    By Long Island Business News

    Friedman director Kate Bachety-Salatto was featured in Long Island Business News’ Ones to Watch.  A director in Friedman's Uniondale office, Kate-Bachety-Salatto applies more than 25 years of experience in public accounting. She specializes in providing audit, tax and accounting services for commercial real estate owners and developers, as well as for clients in...

  • 04/06/2017
    Why Exporting Doesn’t Have to Be Risky Business

    The expansion of e-commerce and the evolving global value chains are opening up new export opportunities for small and midsize enterprises. Friedman co-managing partner, Harriet Greenberg was quoted in Industry Week offering advice to enterprises looking to enter the business. To read the full article, click here....

  • 04/05/2017
    6 Philly Finance Experts Share Their Best Money Advice

    Fresh ways to build your wealth in 2017, from expert money managers.

  • 04/04/2017
    Five Tips to Choosing a Financial Expert
    By Danielle C. Bellomo, CPA/ABV

    Choosing the right financial expert can be the most important decision an attorney makes. A financial expert can have a significant impact on a case and could potentially determine settlement or trial outcomes.  When it comes to selecting an expert, the attorney must evaluate the competence and experience of the...

  • 04/01/2017
    Special Tax Reform Series

    Insights from Survey of Business Leaders on Their Views of Proposed Tax Changes

  • 03/31/2017
    The Rehabilitation Tax Credit – What Developers Need to Know
    By Stuart A. Katz, CPA MST

    Many developers of real estate projects involving the rehabilitation of older buildings or historic structures may be overlooking a valuable federal income tax credit that could help defray some of the costs of construction by offering tax credits to the investors. What is the rehabilitation tax credit and which buildings qualify? The...

  • 03/31/2017
    The Rise of Alternative Lending in Commercial Real Estate
    By Michael Stoler, The Stoler Report

    Since the great recession of 2008, commercial banks, insurance companies and other traditional lenders for commercial real estate have become much more conservative in their underwriting of financing for commercial real estate.  Banks, the traditional source of construction financing, have recoiled from lending under the impact of regulations including Tier...

  • 03/31/2017
    Why the IRS Hates Bottom Dollar Guarantees and What It’s Doing About It
    By Michael J. Greenwald, MPPM, CPA, Partner

    Bottom dollar. It conjures up images of orphans dancing across the stage in “Annie” or characters from a Damon Runyon novel. And also of bottom dollar guarantees – perhaps the last way to obtain basis in real estate and partnerships without real exposure to economic loss. The IRS believes that...

  • 03/31/2017
    The Top Five Ways Nonprofits Can Increase Millennial Involvement
    By Matthew Blank, Business Development Officer

    Every nonprofit board in America has had a conversation similar to this at least once: -Board Member #1 – “We have to get more young people involved in our organization.” -Board Member #2 – “I agree; their money is important to our future.” -Board Member #3 – “My neighbor is a millennial and...

  • 03/27/2017
    Ask the CPA
    By Susanne Spinell Shuster CPA, MST, Director-In-Charge, Accounting Services

    Q: Can I take funds tax- free under a Qualified Domestic Relations Order (QDRO) ?

  • 03/22/2017
    Ask the CPA
    By Kimberly A. Dula, CPA, Tax Partner

    Q: It’s Tax Time AGAIN. What are three recommendations for those preparing to file their 2016 individual income tax returns?

  • 03/22/2017
    International Women's Day: Business development for busy working mothers

    Accountants are often responsible not only for the day-to-day duties of their profession but also for identifying new ways to bring in work and develop their business. This is a challenge many working mothers face when trying to balance work, business development and family. Friedman partner Kirsten Flanagan contributed an article to...

  • 03/13/2017
    The Trump Impact on Real Estate

    Much like the rest of the country, the real estate industry is trying to figure out how it will be affected by the Trump presidency.

  • 03/09/2017
    Sharp turns: Unexpected twists in the 2017 tax filing season

    Taxpayers that owe a significant amount of money to the IRS should be aware of a new tax code that prevent oversea travel. David Shuster was quoted in Accounting Today discussing the FAST Act and the power the IRS has to implement it. To read the full article, click here....

  • 03/08/2017
    CPAs share the tax facts CEOs need to know in 2017 and beyond

    This year promises to be an especially turbulent one for tax planning, as a new Republican administration and Congress work on plans to overhaul the tax code. Senior tax manager, Stu Katz joined a group of expert accountants in a roundtable brought by SmartCEO and TD Bank, to discuss what...

  • 03/03/2017
    Lead Generation
    By Brett Johnson

    As industry grapples with aging leadership, firms must find ways to get millennials involved

  • 03/03/2017
    NJBiz Top Accounting Firms for 2017

    Friedman is honored to be ranked 11th in top accounting firm in New Jersey by NJBiz. The firms are ranked by number of CPAs located in New Jersey. To see the full list, click here....

  • 03/01/2017
    Special Skill Sets Allow Accounting Firms and Law Firms to Deliver Added Value

    Professional services firms bring a lot of added value to clients by employing experts with non-traditional skills and training. These skill sets are valuable to businesses that need the very best advice across disciplines and industries. FLVS partner, Mike Saccomanno was featured in Commerce Magazine highlighting some of the team’s...

  • 02/27/2017
    VSCPA Black History Month Spotlight: Johnathan Culbreath, CPA

    Audit Senior Johnathan Culbreath, CPA featured in VSCPA in Honor of Black History Month VSCPA: What led you to the accounting profession?JC: I pursued an accounting degree looking for a foothold to the law enforcement field. As I learned more about the opportunities public accounting experience would bring and got to know the employers...

  • 02/24/2017
    Friedman LLP Ranked as a Top Accounting Firm by PBJ

    Friedman LLP is proud to be named one of Philadelphia Business Journal’s Top Accounting Firms for 2017. The 2017 Accounting firms list ranks firms in the Philadelphia region by number of CPAs. The disclosure of Local employment, number of offices and companywide revenue are among data found within the list....

  • 02/24/2017
    When Does Your Teen Have to Start Filing Taxes?

    Here’s how to tell if a teen’s babysitting or shoveling income is taxable.

  • 02/24/2017
    How to Avoid Tax Scams

    Don't fall prey to tax ID theft and other scams this filing season.