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Berkowitz Pollack Brant - 2024-07-11

4 Mistakes to Avoid with 1031 Exchanges of Real Estate by Yovanny Hernandez, CPA

For more than a century, Section 1031 of the U.S. tax code has carved out a unique opportunity for qualifying individuals and businesses to defer federal capital gains tax on the sale of highly appreciated real estate held for investment or business use when they reinvest the sales proceeds into a similar, like-kind property. These […] The post 4 Mistakes to Avoid with 1031 Exchanges of Real Estate by Yovanny Hernandez, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Berkowitz Pollack Brant - 2024-07-10

Is Cash or Accrual Accounting Best for My Business Structure? by Shanna Shim, CPA

Small and midsize businesses generally have two options for maintaining their financial books and records: the cash and accrual methods of accounting. While each approach offers businesses unique benefits at different stages of their life cycles, business owners must recognize when they should transition from one method of financial accounting to the other. The cash […] The post Is Cash or Accrual Accounting Best for My Business Structure? by Shanna Shim, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Berkowitz Pollack Brant - 2024-07-09

Florida Introduces Tax Credit for Businesses That Hire Persons with Disabilities by Karen A. Lake, CPA

Florida’s Department of Revenue (DOR) is offering qualifying businesses a tax credit against their state corporate income and franchise in tax years 2024, 2024 and 2026 when they hire qualifying employees with physical or intellectual impairments. The maximum tax credit available to qualifying businesses is $10,000 per year. Florida’s Individuals with Unique Abilities Tax Credit […] The post Florida Introduces Tax Credit for Businesses That Hire Persons with Disabilities by Karen A. Lake, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Berkowitz Pollack Brant - 2024-07-08

Cybersecurity Training Alone is Insufficient to Prevent a Phishing Attack by Brandon Bowers

Phishing scams and business email compromises (BECs) continue to make headlines, holding the titles as the most common cybersecurity breach method and the most frequently reported crimes to the FBI’s Internet Crime Complaint Center (IC3). Yet, even as businesses step up efforts to help employees learn to recognize the warning signs of these attacks, criminals […] The post Cybersecurity Training Alone is Insufficient to Prevent a Phishing Attack by Brandon Bowers appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Podcast – BPB Knows Non-Competes and M&A Transactions

In this episode, Fabio De Filippo explains the recent ruling that bans non-competes, the M&A exemption and what might happen when the law goes into effect. The post Podcast – BPB Knows Non-Competes and M&A Transactions appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Florida Revives Sales-Tax Holiday by Karen A. Lake, CPA

During July 2024, consumers in Florida can purchase recreation equipment, outdoor items and admissions to entertainment and cultural events within the state without paying state sales tax. The state’s legislature passed the annual Freedom Month Sales-Tax Holiday to help make it more affordable for families to enjoy all that the Sunshine State has to offer […] The post Florida Revives Sales-Tax Holiday by Karen A. Lake, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

M&A Deals Escape FTC Ban on Noncompete Agreements by Fabio De Filippo, CPA

On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule banning businesses nationwide from entering into noncompete agreements with most new employees beginning on Sept. 24, 2024, and nullifying the enforcement of existing noncompetition clauses in most employer/employee contracts. This rule, which is facing a mountain of lawsuits, will require buyers and […] The post M&A Deals Escape FTC Ban on Noncompete Agreements by Fabio De Filippo, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Podcast – BPB Knows Cryptocurrency Issues and the IRS

On this episode Associate Director of Tax Services Jonathan Menna shares the latest tips and traps for cryptocurrency investors. The post Podcast – BPB Knows Cryptocurrency Issues and the IRS appeared first on Berkowitz Pollack Brant Advisors + CPAs.

The Basics of 1031 Exchanges of Real Property by Yovanny Hernandez, CPA

U.S. tax laws provide domestic and foreign real estate investors and developers with some of the most generous tax breaks, including the deferral of capital gain tax on the sale of highly appreciated property. This benefit of a 1031 exchange requires taxpayers to follow a unique set of rules and regulations. What is a 1031 […] The post The Basics of 1031 Exchanges of Real Property by Yovanny Hernandez, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Understanding the Basic Building Blocks of Cybersecurity by Brandon Bowers

The frequency and sophistication of cybersecurity attacks continue to intensify, leaving businesses, governments and not-for-profits with an ever-present risk of falling victim to data breaches. These data breaches can impact normal business operations and erode public trust, leading to irreparable reputational damage, loss of customers and even litigation, fines and penalties. While no one tool […] The post Understanding the Basic Building Blocks of Cybersecurity by Brandon Bowers appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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