Berkowitz Pollack Brant | News from PKF North America

News Search

Have a question?

Home News Berkowitz Pollack Brant

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.

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.

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.

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.

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.

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.

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.

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.

Podcast – BPB Knows the Corporate Transparency Act

In this episode Associate Director of Tax Services Joel Young, JD, LLM, explains the requirements and timeline for Corporate Transparency Act reporting. The post Podcast – BPB Knows the Corporate Transparency Act appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Campaign 2024 – The Candidates’ Tax Positions, or, What Can I Offer You Today? by Mike Greenwald, CPA

With just a few weeks to go until Election Day, and with early voting already underway in several states, you would think that each candidate’s policy positions are firmly set by now. It would be even more reasonable to think that about their tax proposals since taxes should be less affected by day-to-day current events. […] The post Campaign 2024 – The Candidates’ Tax Positions, or, What Can I Offer You Today? by Mike Greenwald, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

PKF North America News