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  • 02/23/2017
    Understanding the Differences between Lobbying, Grassroots Lobbying, and Advocacy
    By Sarah Avery, Director, CPA

    The current political climate has landed tax advisors in an unpleasant quandary, forcing them to be the bearer of both good and bad news. The good news is most taxpayers are expected to benefit from the current administration’s plans to lower tax rates. The bad news, for tax-exempt, 501(c)(3), charitable...

  • 02/23/2017
    The Epic Fail Of Financial Education

    Many people today make numerous decisions about money, with the weight of each choice enough to sway the trajectory of life and an entire generation. While some American adults can still answer some simple algebra problems, many aren’t armed with fundamental personal finance knowledge. Financial professionals can work together to...

  • 02/23/2017
    NJBIZ reveals N.J.'s Best Places to Work for 2017

    We are proud to share Friedman LLP has been ranked among the NJBIZ Best Places to Work for another year in 2017. We are ranked among other large companies throughout New Jersey. For more information, click here....

  • 02/23/2017
    Tax-Writers Look at ‘Blend’ of Interest Deductions, Expensing

    Tax-writers are looking at ways to “blend” full expensing and interest deductibility provisions in an overhaul of the tax code. The House Ways and Means Committee is addressing ways that businesses could choose to take one tax break instead of the other or get a percentage of each. Partner and...

  • 02/21/2017
    Foreign Companies: Federal Tax Treaties and State Tax Obligations
    By Alan Goldenberg, JD, MBA, LL.M.

    For many foreign companies expanding their business operations into the United States, the focus of their tax planning usually centers on the federal income tax laws. While doing business in the U.S. can be a substantial boon, many of these companies express concern about the current 35% federal corporate tax...

  • 02/21/2017
    A Truly Laden Cross to Bear: The Crushing Tax Burdens of New York

    It comes as no surprise to New Yorkers that year after year, numerous tax studies conclude that they face some of the highest tax burdens in the United States. Multiple reports released in 2016 found that on a regular basis almost 13% of a New York City resident’s income is...

  • 02/21/2017
    Tax Tips: Avoiding Tax Scams, Using Charitable Trust for College Expenses

    These brief tips cover scams to be aware of during tax season, how to check your IRS account online and the benefits of using a charitable trust to cover college expenses. Watch out for tax scams With tax season in full swing, criminals posing as IRS officials are stepping up their efforts...

  • 02/21/2017
    VIDEO: Navigating Difficult Decisions

    Tax Partner, Kim Dula discusses the psychological and emotional aspects of transitioning the family business. ...

  • 02/16/2017
    What Are the Tax Implications of Using a Quitclaim Deed?

    Is a quitclaim deed the best way to go about establishing shared ownership of a piece of property? Partner, Kim Dula was quoted in the “Ask the Expert” column in Time’s Money section discussing due diligence and making sure homes are up-to-date on taxes in regards to the tax implications...

  • 02/16/2017
    Reasons to believe Canada Goose is set to soar in public markets

    Canadian luxury outerwear company Canada Goose intends to land in public markets— but will they be able to expand beyond their current market? Co-Managing Partner, Harriet Greenberg was featured in a live interview with BNN discussing Canada Goose’s pending IPO status and her views on the company’s future. To watch...

  • 02/14/2017
    IRS Update On Large-Business Audits Too Vague, Critics Say
    By Vidya Kauri

    Law360, New York (February 1, 2017, 8:21 PM EST) -- Tax practitioners who were eagerly awaiting news on how the IRS would change its approach to auditing large corporations with assets of more than $10 million were disappointed Tuesday, when the agency released an update that is being criticized as...

  • 02/07/2017
    Key Issues to Consider When Negotiating a Licensing Deal
    By Michael Sacco, CPA, Partner

    Brand licensing in the fashion industry is a trend that continues to rise - with both brand owners and licensees benefiting from intensified consumer demand of top brands, specifically social media-savvy brands that are connecting with teenagers and millennials. Licensing has opened the doors for companies to expand their brands into...

  • 02/01/2017
    The First 100 Days: Healthcare

    A panel discussion presented by NJBIZ

  • 01/27/2017
    Restoring Financial Health to the Diamond & Jewelry Industry
    By Eric Tunis, CPA, Partner

    Diminishing profits, tightened lending and the sometimes burdensome demands for governance and transparency continue to be key challenges affecting the financial health of the diamond and jewelry industry in the U.S. Earlier this month, senior officers from De Beers' global sightholder sales reached out to Friedman LLP to discuss these critical...

  • 01/26/2017
    Retirement Plan Distributions: Quick Guide on Annuity or Lump Sum Withdrawals
    By Michael Ibrahim, FSPA, FCA, EA, Director

    Should I take the annuity or lump sum? A question retirees and older workers likely will be asking as U.S. companies move to de-risk their defined benefit plans by removing expensive pension obligations. Employers may purchase annuities for their pensioners, while others offer cash or a single lump sum payment...

  • 01/23/2017
    Friedman Announces Groundbreaking Alternative Work Arrangement Program

    Reflecting Friedman’s long-held commitment to a forward-thinking culture and work-life flexibility for its employees, Friedman LLP is pleased to announce a formal Alternative Work Arrangement (AWA) program, which became effective January 1st, 2017. The program formalizes processes for employees to craft working hours best suited to their needs and responsibilities....

  • 01/23/2017
    The Meaning of Security in the 21st Century

    Understanding root causes of security threats—and steps companies can take now

  • 01/17/2017
    Video: What’s the Trump Impact on Real Estate?

    Real Estate leaders from around the New York metropolitan area recently gathered with Friedman LLP for a lively and insightful industry forum. With the buzz around the presidential election, the discussion among participants turned to the effect that Trump will have on real estate locally, nationally and internationally. Comments ranged from...

  • 01/12/2017
    How Can Your Expert Maintain Credibility in the Face of an Error?
    By Michael A. Saccomanno, CPA/ABV/CFF, CVA, CDFA

    It’s no secret that to properly help you and your clients win your cases, the experts you hire must be credible. An expert’s credibility is based upon many factors, including how honestly they react when confronted with their own errors. An expert’s reaction to their error will determine whether or...

  • 01/11/2017
    How bright is the outlook inside New York’s real estate community?

    2017: The end of real estate growth, or more of the same?

  • 01/11/2017
    Do your numbers tell the story?
    By Denise McKnight, CPA

    As we begin 2017, many non-profits are entering the year with a level of uncertainty about how the upcoming changes in our government’s leaders will affect the funding that they receive. Non-profits will look to individual and corporate donors to provide those valuable charitable donations to sustain or enhance their...

  • 01/10/2017
    Video Highlights from Friedman's Real Estate Forum

    All In The Family: Friedman Real Estate Forum focuses on generational succession.

  • 01/10/2017
    Professional Profile: Fred Berk 2016

    Fred Berk was featured in New York Real Estate Journal’s Professional Profile. This section of NYREJ highlights personal elements in the professional profiles of distinguished individuals in the industry. To read the full feature, click here....

  • 01/10/2017
    Friedman LLP Promotes Two to Partner, Four to Principal

    Friedman LLP is delighted to announce the promotion of two professionals to partner and four to principal, effective January 1, 2017. Reflective of the depth and breadth of Friedman's services, these accomplished professionals specialize in a wide array of areas. They are based across our New York and New Jersey...

  • 01/06/2017
    U.S. Citizenship and Immigration Services Update
    By Bruce Plevinsky, Tax Manager

    New Revised Form I-9 Now Available

  • 01/05/2017
    Ask the CPA
    By Michael A. Caffrey III, CPA, CFE Manager

    Q: What are the financial reporting and filing requirements for organizations that solicit charitable contributions from the state’s residents?

  • 01/04/2017
    Going Concern Assessments – Implementation Requirements are Rapidly Approaching
    By Robert Graham, CPA, Partner 

    Should you be concerned with your “Going Concern” assessment? As a new accounting standards update takes effect, now is the time to ask that question. Background: U.S. auditing standards and federal securities law require an auditor to consider the possible financial statement effects of a company’s ability to continue as a going...

  • 12/23/2016
    Five Tax Planning Tips to Consider Before the New Year

    Tax planning is a year-round endeavor, but several year-end strategies might reduce your 2016 tax bill. Partner and Business Tax Practice Leader, Bob Charron and Tax Manager, Jonathan Curry-Edwards, contributed an article to the Mid Atlantic Real Estate Journal discussing last minute tax tips to help reduce your tax bill....

  • 12/21/2016
    The New Administration’s Proposed Tax Plan’s Impact on Nonprofit Organizations
    By Amish Mehta, CPA, Partner, Not-for-Profit Practice Leader

    With the President-elect now officially confirmed through the Electoral College vote and expected to take office on January 20, 2017, there is cause for concern among nonprofit organizations as to what impact the administration’s proposed tax plan will have on charitable giving. Specifically, the tax plan proposes to place limits...

  • 12/15/2016
    Friedman Completes Its Transition Plan

    Friedman LLP is pleased to announce that effective January 1, 2017, its Co-Managing Partners Fred Berk and Harriet Greenberg will run the day-to-day operations of the firm. After 35 years as Managing Partner and Chief Executive Officer, Bruce Madnick will become Chief Executive Officer Emeritus. He will continue to be...

  • 12/14/2016
    How new CPAs can build a book of business

    Building strong, genuine relationships is one of the best ways to drive business.

  • 12/13/2016
    Changes in 2017 to W-2 and Form 1099-MISC Reporting Requirements

    As part of the Protecting Americans from Tax Hikes Act of 2015 (PATH), the deadline for filing Forms W-2, W-3, and Form 1099 MISC reporting nonemployee compensation will be accelerated to January 31st following the calendar year to which the returns relate. Note that this IRS deadline is one month...

  • 12/13/2016
    Ask the CPA
    By Kimberly Iaconelli, CPA, MT, Senior Tax Manager

    Q: Tax professionals are often asked by their clients, "What is a Crummey letter and how does it work?"

  • 12/13/2016
    Financial Quarterback 11/26/2016

    With the end of the year approaching, there are still many last minute tax moves that can be done in preparation for tax season. Partner and Tax Practice Leader Bob Charron, was featured in a segment of the Financial Quarterback on WOR discussing tax tips and planning for the 2017...

  • 12/12/2016
    Tax Tips

    These brief tips cover how the IRS has made it easier for taxpayers to obtain an extension for retirement plan rollovers, ways to protect taxpayers from charity scams and how to make a partial disposition election for disposed property. Late rollover relief just got easier It’s possible to withdraw funds from an...

  • 12/12/2016
    Breaking Barriers: Client Success Stories

    Taxpayer Granted "Real Estate Professional Status" under Audit Reconsideration

  • 12/12/2016
    Business Tax? But I’m Unincorporated!
    By Alan Goldenberg, JD, MBA, LL.M

    Businesses are often surprised to learn of the New York City Unincorporated Business Tax (UBT), an entity-level tax imposed on unincorporated businesses operating within the City. Many businesses presume that as pass-through entities, such as limited liability companies, taxes are never due by the entity. Rather, the tax liabilities are...

  • 12/12/2016
    The Top Tax Cases Of 2016: Year In Review
    By Vidya Kauri, Law360

    As Seen in Law360

  • 12/08/2016
    What to Know Before Giving and Accepting Money From Relatives

    Before gifting or receiving money from loved ones, consider these questions.

  • 12/08/2016
    Many Happier Returns?
    By Claude Solnik

    Excerpt from LIBN Featuring Michael Greenwald, MPPM, CPA Benjamin Franklin is revered for his sayings including in “this world nothing can be said to be certain, except death and taxes.” Although no-one is sure exactly what Donald Trump, House Speaker Paul Ryan and a Republican-controlled Congress will do, most expect dramatic change to...

  • 12/08/2016
    Friedman LLP the Highest Ranked Accounting Firm in Crain’s Best Places to Work in New York City

    Friedman LLP is proud to be the Highest Ranked Accounting Firm in Crain’s Best Places to Work in New York City. The survey and recognition program identifies and recognizes New York City’s best employers throughout a wide array of industries. To see the full list, click here....

  • 12/07/2016
    From There to Here – Sales Tax and Economic Nexus in an On-line World
    By Tom Corrie, JD, LLM, Principal

    Defining the Issue It is no secret that the annual growth rate of internet retail sales is far outpacing the yearly hike in sales generated by standard “bricks and mortar” retail establishments. A recent study tabbed United States on-line retail sales at approximately $350 billion for 2015 and predicted that number...

  • 12/02/2016
    The Last Word: 'Know your clients' concerns before they do'

    “Every day I do work that I truly enjoy. I am the luckiest person in the world!” Harriet Greenberg, Co-Managing Partner and leader of the Fashion, Diamond and Jewelry practices, was featured in the Journal of Accountancy sharing insights with the young generation of CPAs on how to grow their...

  • 12/02/2016
    Tax Smart Strategies for Investors as 2016 Nears its End

    With the stock market surging to new highs, many investors will end the year with capital gains, which means a heftier tax bill come April. For tax smart investors, though, higher payments don’t have to be a foregone conclusion if they engage in strategies before Dec. 31. Senior tax manager...

  • 12/02/2016
    How Trump Could Shake Up Real Estate Finance

    With many of president-elect Donald Trump’s proposed economic policies, many changes are underway. His plans could especially transform real estate finance. Partner and Corporate and Business Tax Practice Leader, Michael Greenwald was quoted in the Real Deal discussing how Trump’s tax proposals could impact the real estate industry. To read...

  • 11/29/2016
    DOL’s Overtime Rule Blocked by U.S. District Court

    Just over a week before the U.S. Department of Labor’s (DOL’s) new overtime rule was scheduled to go into effect, a federal judge blocked it. The rule was set to make dramatic changes to the determination of which executive, administrative and professional employees are entitled to overtime pay under the...

  • 11/28/2016
    Transit Oriented Developments (TOD) growing in the metropolitan area
    By Michael Stoler, The Stoler Report

    Transit Oriented Development (TOD) is rapidly sweeping the nation, especially in the tri-state area, with the creation of exciting and desirable places to live, work, shop, and dine, as well as affording recreational and cultural activities. TOD, as defined by the Transit Oriented Development Institute, is an exciting and fast growing...

  • 11/28/2016
    Compliance Considerations for 403(b) Plans
    By Marie DeCicco, CPA, Principal

    Since the reporting requirements for 403(b) plans changed in 2009, our audits have uncovered certain common deficiencies. In this article, we will take a look at these deficiencies, the questions your organization should be asking, and compliance areas you should be aware of. Make Sure You Know What The Reporting Requirements...

  • 11/28/2016
    Thomas Miranda Chosen as one of LIBN’s 40 Under 40 Honorees

    Congratulations to Senior Audit Manager Thomas Miranda for being honored in Long Island Business News’ 19th Annual 40 Under 40 Awards Program. This award program recognizes outstanding members of the business community on Long Island who are 40 or under and have already begun to distinguish themselves in business, government,...