PKF North America News

News Search

Have a question?

Home News Berkowitz Pollack Brant
Podcast – BPB Knows Cryptocurrency Issues and the IRS
Berkowitz Pollack Brant - 2024-06-20

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.

Read more
The Basics of 1031 Exchanges of Real Property by Yovanny Hernandez, CPA
Berkowitz Pollack Brant - 2024-06-18

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.

Read more
Understanding the Basic Building Blocks of Cybersecurity by Brandon Bowers
Berkowitz Pollack Brant - 2024-06-17

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.

Read more
New Research & Experimental Tax Deduction Guidance, Proposed Legislation by Mark Leaheey, CPA, CGMA, MSA
Berkowitz Pollack Brant - 2024-06-14

New Research & Experimental Tax Deduction Guidance, Proposed Legislation by Mark Leaheey, CPA, CGMA, MSA

The research and experimental (R&E) tax deduction under Section 174 of the Tax Code has been a boon to U.S. businesses since its introduction in 1954. However, the rules for how taxpayers may claim a benefit for these costs changed in 2022, restricting short-term cash flow. Now, two years later, Congress may have found a […] The post New Research & Experimental Tax Deduction Guidance, Proposed Legislation by Mark Leaheey, CPA, CGMA, MSA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Read more
Berkowitz Pollack Brant - 2024-06-12

7 Things You Need to Know about the Adoption Tax Credit

Growing one’s family through adoption provides prospective parents with an opportunity to experience the joys of raising children and providing them with loving and permanent homes. While the process can be costly, the federal government offers a tax credit to help families offset some of those expenses and reduce their federal tax liabilities. Families who […] The post 7 Things You Need to Know about the Adoption Tax Credit appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Read more
Berkowitz Pollack Brant - 2024-06-11

IRS Sets 2025 HSA Contribution Limits by Brendan Kurpis, CPA

The IRS has released the inflation-adjusted limits that qualifying taxpayers may contribute to health savings accounts (HSAs) in 2025. These triple-tax-advantaged accounts can help participants afford the rising costs of healthcare today and save for even higher expenses during retirement. Background HSAs are powerful healthcare savings tools that provide participants with the following tax benefits: […] The post IRS Sets 2025 HSA Contribution Limits by Brendan Kurpis, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Read more
Berkowitz Pollack Brant - 2024-06-06

Podcast – BPB Knows Pass-Through Entity Tax

In this episode Associate Director of Tax Services Max Jewell shares opportunities and challenges related to the pass-through entity tax and states where it can make a big tax difference. The post Podcast – BPB Knows Pass-Through Entity Tax appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Read more
Berkowitz Pollack Brant - 2024-06-04

Ransomware Attacks Continue to Rise Among Small and Mid-Size Businesses by Brandon Bowers

According to the latest industry reports, ransomware attacks surged in 2023, accounting for nearly one-quarter of all data breaches and costing businesses worldwide an average of $5.13 million.[1] More alarming still, businesses’ security teams detected only 33 percent of all ransomware breaches, whereas 27 percent were disclosed by the attackers, and 40 percent were uncovered […] The post Ransomware Attacks Continue to Rise Among Small and Mid-Size Businesses by Brandon Bowers appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Read more
Berkowitz Pollack Brant - 2024-05-29

Florida Adds a Second Disaster-Preparedness Sales Tax Holiday for its Residents by Karen Lake, CPA

To help Floridians prepare for hurricane season, the state legislature has enacted two 14-day sales-tax holidays for the purchase of a wide variety of qualifying disaster-preparedness supplies. The first holiday runs June 1 through 14. The second one, a first in the state, is set for August 24 through September 6. During both of these […] The post Florida Adds a Second Disaster-Preparedness Sales Tax Holiday for its Residents by Karen Lake, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Read more
Berkowitz Pollack Brant - 2024-05-24

Protect Yourself and Your Business from Wire Fraud by Brandon Bowers

Wire payments continue to be one the quickest and easiest methods for individuals to send large amounts of money to others anywhere in the world. However, these electronic transfers made through banks or third-party service providers like Western Union can be rife with fraud and legal risks for the parties involved. Some of the most […] The post Protect Yourself and Your Business from Wire Fraud by Brandon Bowers appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Read more