PKF North America News

A recent decision by the U.S. Court of Federal Claims may open the door to a potential deluge of requests for tax refunds from U.S. citizens and resident aliens living or working in foreign countries with which the U.S. has an income tax treaty. In Christensen v. United States, the court interpreted the U.S.-France Income […] The post U.S. Taxpayers Living Abroad May Have Opportunities to Claim Tax Refunds for Foreign Tax Credits Applied Against Net Investment Income Tax by Andrew Leonard, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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.

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.

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.

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.

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.