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Podcast – BPB Knows Pre-Immigration Planning
Berkowitz Pollack Brant - 2024-12-05

Podcast – BPB Knows Pre-Immigration Planning

In this episode, Director of International Tax Services Arthur J. Dichter, JD, LLM, explains the basics of pre-immigration tax planning, why starting early is essential and how individuals and families can prepare. The post Podcast – BPB Knows Pre-Immigration Planning appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Surprise! Modifying an Irrevocable Trust is Possible by Sarah Gaymon, CPA
Berkowitz Pollack Brant - 2024-12-04

Surprise! Modifying an Irrevocable Trust is Possible by Sarah Gaymon, CPA

As its name implies, the terms of an irrevocable trust are generally intended to be set in stone and, therefore, unchangeable without a costly legal battle. However, as time passes, individuals’ lives and circumstances evolve along with the passage of new laws, making decisions from long ago seem outdated, unsuitable and often contrary to grantors […] The post Surprise! Modifying an Irrevocable Trust is Possible by Sarah Gaymon, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Year-End Tax Planning: Navigating Complexities with Trump’s Proposed Changes
JLK Rosenberger LLP - 2024-12-03

Year-End Tax Planning: Navigating Complexities with Trump’s Proposed Changes

Reading time: 5 minutes Year-end tax planning typically relies on understanding current tax law and assuming that it will remain substantially the same in the following year. But this year is different. President-elect Donald Trump is expected to make significant changes in the tax code that could be in place soon after his January 20, … Continued The post Year-End Tax Planning: Navigating Complexities with Trump’s Proposed Changes first appeared on JLK Rosenberger.

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							Award-winning workplace culture at PKF member firms
PKF International News - 2024-11-29

Award-winning workplace culture at PKF member firms

We’re delighted to announce that many of our member firms around the world have again been recognised as outstanding places to work.

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JLK Rosenberger LLP - 2024-11-29

Maria Vigul Named a 2025 Emerging Leader

JLK Rosenberger proudly announces that Maria Vigul, Senior Manager, has been selected as a 2025 Emerging Leader for the seventh annual Emerging Leaders Conference. This prestigious recognition highlights Maria’s dedication to excellence and impact on the insurance industry. Maria has been with JLK Rosenberger since graduating from California State University, Northridge, and has dedicated over … Continued The post Maria Vigul Named a 2025 Emerging Leader first appeared on JLK Rosenberger.

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Berkowitz Pollack Brant - 2024-11-26

Florida Changes Rules for Equitable Distribution of Closely Held Business Interests in Divorces by Sandra Perez, CPA/ABV/CFF, CFE, and Dylan Stone, CPA, CVA

On July 1, 2024, the State of Florida added Fla. Sta. §61.075(6)(a)1.f, which specifies how trial courts value a marital interest in closely held businesses for the purposes of equitable distribution in divorce proceedings. Significantly, the new law, also referred to as House Bill 521 (HB521), addresses the valuation of marital interests in closely held […] The post Florida Changes Rules for Equitable Distribution of Closely Held Business Interests in Divorces by Sandra Perez, CPA/ABV/CFF, CFE, and Dylan Stone, CPA, CVA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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JLK Rosenberger LLP - 2024-11-26

1033 Exchanges: Important Tax Savings Tool

Reading Time: 3 minutes 30 seconds Businesses and individuals facing an “involuntary conversion” of property arising from eminent domain, natural disasters, or condemnation often face unique and unexpected circumstances. When a government or other agency forces property to be given up, it can leave the owner feeling uneasy about losing control. Beyond this, tax issues … Continued The post 1033 Exchanges: Important Tax Savings Tool first appeared on JLK Rosenberger.

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PKF International News - 2024-11-22

PKF Global Gathering 2024

Friends and colleagues from all over the world reunited in Seoul from 11 to 15 November 2024 for our annual Global Gathering. With an action-packed agenda, there was something for everyone at our flagship event.

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Berkowitz Pollack Brant - 2024-11-21

Podcast – BPB Knows Dealing with a Ransomware Attack

In this episode, Director of Managed Cyber Solutions Brandon Bowers explains how companies can protect themselves from ransomware attacks and the steps business owners should take if they are impacted. The post Podcast – BPB Knows Dealing with a Ransomware Attack appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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JLK Rosenberger LLP - 2024-11-19

FinCEN Warns About New BOI Reporting Scams

Earlier this year, the Corporate Transparency Act became effective, requiring certain businesses to report detailed information on ownership. Known as Beneficial Ownership Information (BOI), it includes details on owners that either directly or indirectly control a company.  By collecting this information, the federal government hopes to increase anti-money laundering rules by increasing the transparency of … Continued The post FinCEN Warns About New BOI Reporting Scams first appeared on JLK Rosenberger.

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Berkowitz Pollack Brant - 2024-11-13

Planning Around Social Security Cost of Living Adjustment for 2025 by Joanie Stein, CPA

Recipients of Social Security and Supplemental Security Income (SSI), including senior citizens, widows and persons with disabilities and special needs, will receive a 2.3 percent cost-of-living adjustment (COLA) to the benefits they receive in 2025. The increase translates to an average of $50 in additional monthly benefits, which is on par with the last 20 […] The post Planning Around Social Security Cost of Living Adjustment for 2025 by Joanie Stein, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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JLK Rosenberger LLP - 2024-11-12

New Tax-Efficient Assistance for Your Employees with Student Loan Debt

The Secure 2.0 Act now allows employers to include employee’s student loan payments in the employee match calculation, and these matching dollars are tax-deductible to the employer. Although this rule is temporary, matching contributions for 2024 can qualify. The two most common plans that qualify are 401K and Simple IRA plans, and employers can create … Continued The post New Tax-Efficient Assistance for Your Employees with Student Loan Debt first appeared on JLK Rosenberger.

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PKF Texas - 2024-11-07

6 Ways to Pocket Tax-Free Income in 2024

Key Points: Believe it or not, there are ways to collect tax-free income and gains. Here are some of the best opportunities to put money in your pocket without current […]

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Berkowitz Pollack Brant - 2024-11-07

Podcast – BPB Knows Forensic Investigations

In this episode Associate Director of Forensic and Advisory Services Richard Fechter, JD, CAMS, CFE, shares the types of fraud that can be uncovered in a forensic investigation. The post Podcast – BPB Knows Forensic Investigations appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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JLK Rosenberger LLP - 2024-11-07

Building Connections on the Pickleball Court

Reading Time: 3 minutes 30 seconds When you think of a CPA, you might picture someone buried behind a desk crunching numbers. But that’s only part of the story for Sona Sefcikova, Audit Supervisor at JLK Rosenberger. A passionate pickleball player, Sona has found a way to integrate the sport into her professional life, using … Continued The post Building Connections on the Pickleball Court first appeared on JLK Rosenberger.

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PKF International News - 2024-11-05

Webinar: Navigating transfer pricing challenges in Asia Pacific

Our member firms PKF Melbourne, PKF-CAP in Singapore and PKF Malaysia are hosting a webinar on 20 November 2024, covering the current challenges and emerging trends of transfer pricing in the Asia Pacific region.

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Berkowitz Pollack Brant - 2024-11-05

Corporate Transparency Act Reporting Deadline Looms for Law Firms and Their Corporate Clients by Dan Hughes, CPA/CFF, CGMA, CVA

With the enactment of the Corporate Transparency Act (CTA), applicable businesses, including law firms, must come into compliance with the law’s disclosure requirements by Jan. 1, 2025. The CTA requires domestic and foreign corporations, LLCs and partnerships doing business in the U.S. as of Jan. 1, 2024, to disclose for the first time the identities […] The post Corporate Transparency Act Reporting Deadline Looms for Law Firms and Their Corporate Clients by Dan Hughes, CPA/CFF, CGMA, CVA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2024-11-01

IRS Compliance Efforts Target Pass-Through Entities, Expand Use of AI in Tax Audits by Joseph Leocata, JD, CPA, MBA

The IRS recently launched a new unit committed to enforcing U.S. tax laws among pass-through entities, such as S corporations, partnerships and trusts, whose income passes from the business to its owner’s individual tax returns where taxes are due at the owners’ marginal income tax rates. The move is part of the agency’s broader focus […] The post IRS Compliance Efforts Target Pass-Through Entities, Expand Use of AI in Tax Audits by Joseph Leocata, JD, CPA, MBA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2024-10-30

Piercing the Corporate Veil by Joel Glick, CPA/CFF, CFE, CGMA, and Jorge L. Guerrero, CPA, CFE, CAMS

It is well established that a legal entity created for the purpose of carrying on a trade or business is considered a separate and distinct legal entity from its owner(s) or shareholder(s). However, there are circumstances in commercial litigation when a plaintiff may pierce this corporate veil and hold the owners personally liable for the […] The post Piercing the Corporate Veil by Joel Glick, CPA/CFF, CFE, CGMA, and Jorge L. Guerrero, CPA, CFE, CAMS appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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JLK Rosenberger LLP - 2024-10-29

Monitoring AR Performance Through KPIs

Reading time: 1 minute 30 seconds Construction companies should monitor their AR performance through Key Performance Indicators (KPIs). One common tool for monitoring AR is the Aging Report. This report categorizes outstanding invoices based on how long they have been overdue, typically segmented into 30-day intervals (0-30 days, 31-60 days, and over 90 days). By … Continued The post Monitoring AR Performance Through KPIs first appeared on JLK Rosenberger.

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PKF Texas - 2024-10-29

Essential Year-End Tax Moves to Maximize Savings in 2024

Key Points: 1. Evaluate whether to take the standard deduction or itemize for 2024, considering changes to deduction thresholds. 2. Use bunching strategies to maximize deductions, especially for medical expenses […]

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Berkowitz Pollack Brant - 2024-10-22

Florida’s New Law Expands Condo, Homeowners’ Rights Providing New Tools for Obtaining Financial Information from Community Associations by Richard S. Fechter, JD, CFE, CAMS

Earlier this summer, Florida’s legislators passed House Bill 1021 (HB 1021), which places more rigorous governance, transparency and accountability requirements on the state’s condominium and homeowners associations and the management firms with which they work. These changes, which went into effect on July 1, 2024, also give homeowners and their legal counsel new tools for […] The post Florida’s New Law Expands Condo, Homeowners’ Rights Providing New Tools for Obtaining Financial Information from Community Associations by Richard S. Fechter, JD, CFE, CAMS appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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PKF Texas - 2024-10-17

The SECURE 2.0 Act: A Game Changer for IRA Qualified Charitable Distributions

Key Points: The SECURE 2.0 Act made some enhancements to IRA qualified charitable distributions (QCDs) that may benefit your not-for-profit organization — so long as donors know about them. You can […]

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JLK Rosenberger LLP - 2024-10-15

9 Tips for Contractors to Optimize Accounts Receivable

Reading time: 3 minutes Accounts Receivable (AR) refers to the money a business is owed for completed work that has not yet been paid. In construction, the AR function is especially critical due to complex payment structures and the extended time between project milestones and payments. Effective AR management ensures contractors maintain steady cash flow, … Continued The post 9 Tips for Contractors to Optimize Accounts Receivable first appeared on JLK Rosenberger.

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PKF Texas - 2024-10-08

Choosing Between Cash and Accrual Accounting: Which is Best for Your Business Taxes?

Key Points: Your businesses may have a choice between using the cash or accrual method of accounting for tax purposes. The cash method often provides significant tax benefits for those […]

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JLK Rosenberger LLP - 2024-10-08

Updated Guidelines Released on Required Minimum Distributions

Reading Time: 3 minutes 45 seconds The Internal Revenue Service (IRS) and the Department of Treasury recently released updated guidelines on Required Minimum Distributions (RMDs) from Individual Retirement Accounts (IRAs). These final regulations, effective July 18, 2024, largely align with the proposed rules outlined in the SECURE and SECURE 2.0 Act. However, they also address … Continued The post Updated Guidelines Released on Required Minimum Distributions first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-10-01

Zero Trust Security: A New Approach to Cybersecurity

Reading Time: 4 minutes In today’s digital world, where cyber threats are becoming increasingly sophisticated, traditional security measures are no longer enough to protect our sensitive information. The term du jour these days seems to be “zero trust security” when it comes to cybersecurity. Zero Trust is a modern approach to cybersecurity that’s changing the … Continued The post Zero Trust Security: A New Approach to Cybersecurity first appeared on JLK Rosenberger.

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PKF Texas - 2024-09-30

Key Players in Your Business Transaction: Don’t Sign Without Them

When selling or buying a business, having the right advisors is crucial. Chris Hatten, CPA, CM&AA, CVA, Director in Transaction Advisory Services at PKF Texas, outlines the three professionals you […]

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PKF Texas - 2024-09-26

Managing Restricted Gifts: Best Practices for Nonprofits to Handle Donor Conditions

Key Points: Brad, the development director of an international environmental charity, was thrilled to learn from a fundraising staffer that one of the charity’s past supporters was promising to make […]

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PKF Texas - 2024-09-18

Qualifying for Innocent Spouse Relief: How to Address Tax Issues from a Spouse’s Errors

Key Points: Navigating the complexities of tax law can be difficult, especially when faced with an unexpected tax bill due to the errors of a spouse or ex-spouse. The reason […]

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PKF Texas - 2024-09-11

Do You Owe Estimated Taxes? Key Deadlines and Rules for 2024

Key Points: Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough federal tax withheld […]

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PKF Texas - 2024-09-04

The Critical Role of Sponsorships in Nonprofit Fundraising

Key Points: There are many ways to evaluate the success of a not-for-profit event. But for most nonprofit leaders, financial success — how much did we raise? — is the metric that […]

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