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From BigLaw To Your Own Firm: 4 Tips For Legal StartupsAugust 23, 2016

Published by Law360
Written by Anchin Partner: Russell B. Shinsky, CPA, CGMA

Russell Shinsky, Chair of Anchin's Law Firms Industry Group, shares advice about starting a law firm. Read More

Anchin in the News: From BigLaw To Your Own Firm: 4 Tips For Legal Startups
IRS Proposed Regulations Target Gift and Estate Tax Planning Strategies
IRS Proposed Regulations Target Gift and Estate Tax Planning Strategies
August 11, 2016

The IRS has released proposed regulations that would close so-called tax loopholes that many wealthy taxpayers have used to minimize transfer taxes (such as gift and estate taxes) when transferring interests in a closely held family business to relatives. Read More

Anchin Alert: IRS proposed regulations target gift and estate tax planning strategies
Should I invest in triple-net lease properties?
Should I invest in triple-net lease properties?
August 10, 2016

Published by Real Estate Weekly
Written by Anchin Partner: Marc Wieder, CPA

Marc Wieder, Co-Practice Leader of Anchin's Real Estate Group, weighs the pros and cons of investing in a property with a triple-net lease. Read More

Anchin in the News: Should I invest in triple-net lease properties?
  • From BigLaw To Your Own Firm: 4 Tips For Legal Startups
    From BigLaw To Your Own Firm: 4 Tips For Legal Startups8/23/2016Published by Law360Written by Anchin Partner: Russell B. Shinsky, CPA, CGMA

    Russell Shinsky, Chair of Anchin's Law Firms Industry Group, shares advice about starting a law firm.

  • IRS Proposed Regulations Target Gift and Estate Tax Planning Strategies
    IRS Proposed Regulations Target Gift and Estate Tax Planning Strategies8/11/2016

    The IRS has released proposed regulations that would close so-called tax loopholes that many wealthy taxpayers have used to minimize transfer taxes (such as gift and estate taxes) when transferring interests in a closely held family business to relatives.

  • Should I invest in triple-net lease properties?
    Should I invest in triple-net lease properties?8/10/2016Published by Real Estate WeeklyWritten by Anchin Partner: Marc Wieder, CPA

    Marc Wieder, Co-Practice Leader of Anchin's Real Estate Group, weighs the pros and cons of investing in a property with a triple-net lease.

  • Individual Retirement Accounts: Be Careful What You Invest In
    Individual Retirement Accounts: Be Careful What You Invest In8/8/2016

    To Our Clients and Friends: One item that makes Individual Retirement Accounts (IRAs), whether traditional or Roth, so appealing compared with employer-sponsored 401(k) plans is the variety of available investment choices.

  • The Top 3 Reasons Seniors Claim Social Security Too Early
    The Top 3 Reasons Seniors Claim Social Security Too Early8/7/2016Published by TheStreet Anchin Partner Quoted: Richard H. Stieglitz, CPA

    Richard Stieglitz, Anchin's expert on maximizing Social Security benefits, comments on reasons for early withdrawal.

  • High End Travel Trends
    High End Travel Trends7/29/2016

    Many high net worth travelers are seeking unique experiences that educate, surprise and expand horizons – both abroad and domestically.

  • Philanthropy: An Opportunity to Connect with the NexGen
    Philanthropy: An Opportunity to Connect with the NexGen 7/29/2016

    Growing in popularity among high-net-worth travelers are multigenerational vacations and trips with a philanthropic spin, also known as philantho-travel. Combining the two can be very powerful, both in terms of creating bonds, relaying values, and empowering the next generation.

  • Mixing Business with Pleasure?
    Mixing Business with Pleasure? 7/29/2016

    Many business travelers are making side trips to explore personal interests or spend time with family members in a new place. The number and size of tax deductions will vary depending on the blend of business and pleasure. Here are a few tips to help avoid common pitfalls pertaining to tax deductions.

  • Net Worth Threshold for “Qualified Clients” Increased by SEC
    Net Worth Threshold for “Qualified Clients” Increased by SEC7/28/2016Jeffrey I. Rosenthal, Partner-in-Charge, Financial Services Practice

    The U.S. Securities and Exchange Commission (“SEC”) has decided to increase the net worth test threshold for “qualified clients” effective August 15, 2016.

  • How to Buy Property With a Spouse, Friend or Business Partner
    How to Buy Property With a Spouse, Friend or Business Partner7/21/2016Published by U.S. News & World Report Anchin Partner Quoted: Marc Wieder, CPA

    Marc Wieder, Co-Practice Leader of Anchin's Real Estate Group, points out that in the case of buying property with a spouse, it might be wise to place ownership in the name of the individual contributing the funds for purchase.

  • Additional Transition Relief for Employers Claiming the Work Opportunity Tax Credit
    Additional Transition Relief for Employers Claiming the Work Opportunity Tax Credit7/20/2016Paul Gevertzman, Practice Leader, Tax Credits and Incentives Group

    Notice 2016-40 expands and extends by three months the transition relief provided in Notice 2016-22 for meeting the 28-day deadline in Section 51(d)(13)(A)(ii) of the Tax Code.

  • How to Strengthen Your Budgeting Efforts
    How to Strengthen Your Budgeting Efforts7/14/2016Published by Gould-Partners.com Anchin Partner Featured: Michael R. Belfer, CPA, CGMA

    Michael Belfer, Public Relations and Advertising Practice Leader, tells Gould + Partners that agencies should keep an eye on performance and adjust their budgets as needed.

  • Looking Beyond Brexit: Planning for What May Come Next
    Looking Beyond Brexit: Planning for What May Come Next6/30/2016Ehud “Udi” Sadan, Partner, Anchin Private Client;Jared Feldman, Partner, Anchin Private Client;Larry Feibel, Partner, Anchin Private Client

    The chief challenge to consider is the heaping dose of uncertainty that has suddenly been thrust into the political and economic global scene. Uncertainty is unsettling.

  • 6 Facts to Know Before Investing in a Restaurant
    6 Facts to Know Before Investing in a Restaurant6/29/2016Published by U.S. News & World Report Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Food and Beverage Practice Leader, Greg Wank, recommends looking at a restaurant operator's track record.

  • Tips to Avoid IRS Phone Scams: What You Need to Know
    Tips to Avoid IRS Phone Scams: What You Need to Know6/9/2016

    On Friday, May 20th, the Internal Revenue Service (IRS) sent an internal memo directing all IRS employees to no longer initiate contact with taxpayers by phone. With this in mind, if you get a call from someone claiming to be from the IRS – be wary and do not give out any personal information.

  • DOL’s final overtime rule brings sweeping changes
    DOL’s final overtime rule brings sweeping changes6/8/2016

    The U.S. Department of Labor (DOL) has released a final provision that makes dramatic changes to the determination of which executive, administrative and professional employees — otherwise known as "white-collar workers" — are entitled to overtime pay under the Fair Labor Standards Act (FLSA).

  • Whaling Attacks Present a Larger Challenge for Businesses
    Whaling Attacks Present a Larger Challenge for Businesses6/3/2016David J. Emmer, Anchin's Chief Information Officer

    Phishing schemes have become increasingly clever and complicated. A new trend called Whaling Attacks has started to hit businesses and their executives.

  • How the Wealthy Teach Children about the Value of Money
    How the Wealthy Teach Children about the Value of Money6/1/2016Hemalee Govind, Director, Anchin Private Client

    Typically, parents would like to provide a secure future for the next generation.

  • Thinking About “Death” Can Improve Quality of Life
    Thinking About “Death” Can Improve Quality of Life6/1/2016E. Richard Baum, Tax Partner, Anchin Private Client

    Estate planning is critical to generational wealth transfer and preservation strategies.

  • How to Talk About a Prenuptial Agreement
    How to Talk About a Prenuptial Agreement6/1/2016Mela Garber, Tax Principal, Anchin Private Client

    It’s hard to think of a good time to introduce a contractual component to unconditional love.

  • Whaling Attacks Present a Larger Challenge for Businesses and Their Owners
    Whaling Attacks Present a Larger Challenge for Businesses and Their Owners6/1/2016David J. Emmer, Anchin's Chief Information Officer

    Phishing schemes have become increasingly clever and complicated. A new trend called Whaling Attacks has started to hit businesses and their executives.

  • Succession Success
    Succession Success6/1/2016Published by Retail Leader Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Greg Wank, Food and Beverage Practice Leader, stresses the importance of deep business understanding across the board when choosing a successor.

  • Is a U.S. ‘Patent Box’ a Good Idea?
    Is a U.S. ‘Patent Box’ a Good Idea?5/19/2016This article was published by CFO.com. Written by Anchin Partner: Yair Holtzman, CPA, MBA, MS, CGMA

    Yair Holtzman, Practice Leader of Anchin's Research and Development Tax Credits Group, Life Sciences Industry Group and Chemicals and Energy Industry Group, shares his thoughts on the proposed "patent box" regime.

  • Want to open a restaurant? Now this funding is available
    Want to open a restaurant? Now this funding is available5/16/2016This article was published by CNBC.com. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Greg Wank, Practice Leader of Anchin's Food and Beverage Industry Group, shares his thoughts on crowdfunding for restaurants, the benefits of restaurant credits to investors and the tendency of entrepreneurs to underestimate startup costs.

  • Financial budgeting: One chance to succeed
    Financial budgeting: One chance to succeed5/16/2016Published by Hedgeweek.com Anchin Partner Featured: Jeffrey I. Rosenthal, CPA, CFP, CGMA

    Jeffrey I. Rosenthal, Partner-in-Charge of Anchin's Financial Services Practice talks about planning a hedge fund launch.

  • Chapter 1: Legal & tax structuring
    Chapter 1: Legal & tax structuring5/16/2016Published by Hedgeweek.comAnchin Partner Quoted: Jeffrey I. Rosenthal, CPA, CFP, CGMA

    Jeffrey I. Rosenthal, Partner-in-Charge of Anchin's Financial Services Practice explains some of the criteria for making fund structuring decisions.

  • The organic food revolution that is minting millionaires
    The organic food revolution that is minting millionaires5/6/2016Published by CNBC.com Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Food and Beverage Practice Leader, Greg Wank, observes that consumers are driving a demand for more healthy food firms and cleaner labeling.

  • How to protect your credit when your spouse starts a business
    How to protect your credit when your spouse starts a business4/29/2016Published by CreditCards.com Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Tax Partner Paul Gevertzman provides solid advice on the use of corporate structures, avoiding personal credit cards and the pluses and minuses of retitling a residence.

  • Assessing Section 199 and IRS Released Proposed Regulations to Determine Deduction Eligibility
    Assessing Section 199 and IRS Released Proposed Regulations to Determine Deduction Eligibility4/14/2016Yair Holtzman, Practice Leader, Research and Development Tax Credits Group

    Designed to protect jobs in the United States manufacturing and related sectors, Section 199, also known as the Domestic Production Activities Deduction ("DPAD"), allows a deduction equal to 9% of the lesser of a taxpayer’s Qualified Production Activities Income ("QPAI") or its taxable income.

  • IRS Emphasizes the Need for Compliance When Claiming Tax Credits
    IRS Emphasizes the Need for Compliance When Claiming Tax Credits4/12/2016Yair Holtzman, Practice Leader, Research and Development Tax Credits Group

    This past February, the IRS released its annual "Dirty Dozen" list of warning alerts for 2016 filing season. The Dirty Dozen includes a variety of common scams taxpayers may encounter at any time during the year.

  • Family Financial Meetings Should Have a Place on Your Calendar
    Family Financial Meetings Should Have a Place on Your Calendar4/11/2016Published by Mainstreet.comAnchin Principal Quoted: Mela Garber, CDFA

    Mela Garber, Trust and Estates Services Chair, explains how parents can avoid estate issues with a letter explaining any distribution inequalities to their children.

  • 5 Boomer Tax Traps to Avoid
    5 Boomer Tax Traps to Avoid4/6/2016Published by AARP.com Anchin Partner Quoted: E. Richard Baum, CPA, J.D.

    E. Richard Baum, Tax Partner, touches base on various tax traps for baby boomers such as taxes on municipal bonds, the required minimum distribution and the income level for social security taxability.

  • Stock(ing) Stuffers
    Stock(ing) Stuffers4/1/2016Hemalee Govind, Director, Anchin Private Client

    A Year-Round Strategy for Charitable Giving

  • Why You May Need A Prenup
    Why You May Need A Prenup4/1/2016Mela Garber, Tax Principal, Anchin Private Client

    If a prospective couple plans to sign a prenuptial agreement, it’s wise to design the agreement with an estate plan in mind.

  • Last-Minute Moves That Can Trim Your Tax Bill
    Last-Minute Moves That Can Trim Your Tax Bill3/31/2016This article was published by U.S. News & World Report. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Anchin's tax expert, Paul Gevertzman, offers guidance before submitting your tax return.

  • Anchin Private Client appoints Jared Feldman as Co-Practice Leader
    Anchin Private Client appoints Jared Feldman as Co-Practice Leader3/30/2016This article was published by Hedgeweek.com. Anchin Partner Featured: Jared Feldman, CPA

    Anchin appoints Jared Feldman as Co-Practice Leader of Anchin Private Client, a specialty group devoted to working with affluent clients.

  • Window for Work Opportunity Tax Credit Extended
    Window for Work Opportunity Tax Credit Extended3/16/2016Paul Gevertzman, Practice Leader, Tax Credits and Incentives Group

    The IRS is extending the time employers who want to claim the Work Opportunity Tax Credit (WOTC) have to file Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit, for 2015 hires.

  • Changes in the ACH Debit Block Information for New York State
    Changes in the ACH Debit Block Information for New York State3/14/2016Clarence Kehoe, Partner-in-Charge, Tax Department

    For those of you who electronically remit any of your business or personal taxes to New York State ("the State"), you should be aware that the State has changed its procedures regarding debit blocks. If you do not have a debit block on your bank account, no action needs to be taken.

  • How to Use Tax Planning for Better Cash Flow Management
    How to Use Tax Planning for Better Cash Flow Management3/10/2016This article was published by Spark Business IQ. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Paul Gevertzman, tax expert at Anchin, discusses how tax planning can assist with cash flow projections.

  • Anchin, Block & Anchin Recognized as Best Global Accounting Firm for Sixth Consecutive Year in Hedgeweek Awards
    Anchin, Block & Anchin Recognized as Best Global Accounting Firm for Sixth Consecutive Year in Hedgeweek Awards3/9/2016

    Top tier accounting firm Anchin, Block & Anchin LLP has received Hedgeweek’s Best Global Accounting Firm award for the sixth consecutive year.

  • NYS Art Collectors Under Scrutiny for Taxes on Shipped Art
    NYS Art Collectors Under Scrutiny for Taxes on Shipped Art3/2/2016Sharon Ackerman, Director, Tax Controversy Services Group

    Law enforcement and tax authorities have been closely investigating electronic records and tax returns for the buying and selling of art in New York State. Art collectors and intermediaries have come under close scrutiny as to whether they have been paying taxes, maintaining shipping records and providing invoices during the sales process.

  • The 5-Step Guide to Launching Your Own Business
    The 5-Step Guide to Launching Your Own Business3/2/2016This article was published by Money Magazine. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Paul Gevertzman, tax expert at Anchin, offers an unexpected suggestion to consider when launching your new business.

  • How to Determine What Your Business Idea Is Worth
    How to Determine What Your Business Idea Is Worth3/2/2016This article was published by Money Magazine. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Tax expert at Anchin, Paul Gevertzman, recommends new business owners evaluate options based on realistic expectations.

  • 12 Times When It Makes Sense to Hire a Tax Preparer
    12 Times When It Makes Sense to Hire a Tax Preparer3/2/2016This article was published by U.S. News & World Report. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Anchin's tax expert, Paul Gevertzman, identifies situations when a tax accountant could be a valuable addition.

  • Congress Enhances Tax Deduction for Donations of Food Inventory
    Congress Enhances Tax Deduction for Donations of Food Inventory3/1/2016Greg Wank, Practice Leader, Food and Beverage Industry Group

    As part of the Protecting Americans from Tax Hikes (PATH) Act passed by The House and Senate at the end of 2015, the enhanced deduction for donations of food inventory was retroactively extended and made permanent so that qualifying donations made since January 1, 2015 are eligible.

  • For Small Businesses and Entrepreneurs, Some Welcome Clarity
    For Small Businesses and Entrepreneurs, Some Welcome Clarity2/19/2016This article was published by The New York Times. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Paul Gevertzman, Anchin's Tax Credits and Incentives Leader, provides clarity to small business owners on the PATH Act.

  • NYC Sees Sizable Jump in Construction Starts, Boosted by Far West Side Development
    NYC Sees Sizable Jump in Construction Starts, Boosted by Far West Side Development2/12/2016This article was published by Commercial Observer.

    Anchin Construction and Development Forum speaker, Silverstein Properties Chairman Larry Silverstein, discusses thee state of New York real estate and construction.

  • Silverstein talks 2 WTC, languishing luxury market
    Silverstein talks 2 WTC, languishing luxury market2/12/2016This article was published by The Real Deal.

    Anchin Construction and Development Forum speaker, Silverstein Properties Chairman Larry Silverstein, discusses the state of New York real estate and construction.

  • The Protecting Americans from Tax Hikes (PATH) Act of 2015 - Educational Benefits
    The Protecting Americans from Tax Hikes (PATH) Act of 2015 - Educational Benefits2/10/2016Richard H. Stieglitz, Partner, Tax Credits and Incentives Group

    On December 18, 2015, Congress passed and the President signed The Protecting Americans from Tax Hikes (PATH) Act of 2015. This legislation extends or retroactively renews and makes permanent a number of federal tax provisions including certain educational benefits.

  • New Tax Audit Rules Constitute a Radical Change for Partnerships
    New Tax Audit Rules Constitute a Radical Change for Partnerships1/27/2016

    Late in 2015, Congress passed the Bipartisan Budget Act of 2015 (the Act), which includes a complete overhaul of the procedures that apply to Internal Revenue Service (IRS) audits of partnerships and limited liability companies (LLCs) taxed as partnerships and their partners.

  • 2016 SEC & FINRA Exam Priorities
    2016 SEC & FINRA Exam Priorities1/25/2016Jeffrey Rosenthal, Partner-in-Charge, Financial Services Practice

    The Office of Compliance Inspections and Examinations (“OCIE”) of the Securities and Exchange Commission (“SEC”) and the Financial Industry Regulatory Authority (“FINRA”) have released their Exam Priorities for 2016. Each of the regulators have organized their focus around a number of key issues.

  • Permanent R&D Tax Credit - A Perfect Fit for U.S. Businesses in the Apparel Industry
    Permanent R&D Tax Credit - A Perfect Fit for U.S. Businesses in the Apparel Industry1/20/2016Marc A. Federbush, Partner & Practice Leader, Fashion Industry Group and Yair Holtzman, Partner & Practice Leader, Research and Development Tax Credits Group

    On December 18, 2015, President Obama signed into law The Protecting Americans from Tax Hikes Act (PATH) of 2015.

  • IRS Extends Several Affordable Care Act Filing Deadlines
    IRS Extends Several Affordable Care Act Filing Deadlines1/13/2016

    To our Clients and Friends: In order to allow health insurance carriers, self-insured employers and payroll service providers additional time to gather, compile and prepare the necessary forms due under the Affordable Care Act, the IRS has extended several filing deadlines as follows

  • Permanent R&D Tax Credit - A Game Changer for U.S. Businesses in the Food and Beverage Industry
    Permanent R&D Tax Credit - A Game Changer for U.S. Businesses in the Food and Beverage Industry1/12/2016Yair Holtzman, Partner and Practice Leader, Research and Development Tax Credits Group

    On December 18, 2015, President Obama signed into law The Protecting Americans from Tax Hikes Act (PATH) of 2015.

  • 2016 New York, New Jersey, and Connecticut Payroll Changes
    2016 New York, New Jersey, and Connecticut Payroll Changes1/6/2016Clarence Kehoe, Partner-in-Charge, Tax Department

    Happy New Year! It’s time again for payroll updates for the tristate area. Below are payroll related changes to keep in mind for 2016.

  • 7 Toxic Money Habits You Need to Quit Now
    7 Toxic Money Habits You Need to Quit Now1/6/2016This article was published by Money Magazine. Anchin Principal Quoted: Mela Garber

    Mela Garber, tax expert at Anchin, advises how to break common bad money habits.

  • Track Your Federal and State Refund
    Track Your Federal and State Refund1/1/2016

    Check the status of your federal or state tax refund

  • How Much Is That Picasso In The Window? Tax Court Says Quite A Bit
    How Much Is That Picasso In The Window? Tax Court Says Quite A Bit12/30/2015This article was published by Forbes. Anchin Principal Quoted: Gary S. Castle, FCA

    What can take a good bit of the fun out of your Picasso going for more than twice the expected price at Christies? Having it happen while the estate you inherited it from does not have its estate tax resolved might do it.

  • Individuals Can Save More Tax in 2015 and Beyond, Thanks to New “Extenders” Law
    Individuals Can Save More Tax in 2015 and Beyond, Thanks to New “Extenders” Law12/29/2015Clarence Kehoe, Partner-in-Charge, Tax Department

    With year end right around the corner, Congress passed the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). The act extended numerous tax breaks that had expired December 31, 2014, and the President signed it into law December 18.

  • Offering breakfast is a made-to-order success for McDonald’s
    Offering breakfast is a made-to-order success for McDonald’s12/26/2015This article was published by the Los Angeles Times. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Turns out that an Egg McMuffin for lunch hit the spot at McDonald’s.

  • These 3 Businesses Will Benefit From the Ginormous $1.8T Spending Bill
    These 3 Businesses Will Benefit From the Ginormous $1.8T Spending Bill12/23/2015This article was published by Fox Business. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Some businesses have a reason to be very merry this Christmas, thanks to this bill. In fact there are at least three that come to my mind that will profit. Are you one of them?

  • Small Businesses Need to Act Fast to Get This Huge Christmas Present
    Small Businesses Need to Act Fast to Get This Huge Christmas Present12/23/2015This article was published by Money Magazine. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Many small business owners are breathing easier now that new legislation makes it clear how much they can deduct for 2015 purchases such as computers, furniture, vehicles, and machines under the popular Section 179 deduction.

  • Permanent R&D Tax Credit a ‘Game Changer’: Expert
    Permanent R&D Tax Credit a ‘Game Changer’: Expert12/23/2015This article was published by The Wall Street Journal. Anchin Partner Quoted: Yair Holtzman, CPA, MBA, MS, CGMA

    Christmas came early this year for finance chiefs hoping a permanent research and development tax credit would get President Barack Obama’s signature.

  • Latest “Extenders” Law Boosts Tax Benefits For Businesses
    Latest “Extenders” Law Boosts Tax Benefits For Businesses12/22/2015Clarence Kehoe, Partner-in-Charge, Tax Department

    Several provisions in particular may produce significant tax savings for businesses in 2015 and beyond.

  • Permanent R&D Tax Credit A Game Changer for America’s Businesses
    Permanent R&D Tax Credit A Game Changer for America’s Businesses12/21/2015Yair Holtzman, Practice Leader, Research and Development Tax Credits Group

    On December 18, 2015, President Obama signed into law The Protecting Americans from Tax Hikes Act (PATH) of 2015.

  • 2015 “Extenders” Legislation Does More Than Just Extend Tax Breaks
    2015 “Extenders” Legislation Does More Than Just Extend Tax Breaks12/21/2015

    On December 18, the Senate passed the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act), which the House had passed on December 17. Many popular tax breaks had expired December 31, 2014, so for them to be available for 2015, Congress had to pass legislation extending them. But the PATH Act does more than that.

  • Congress Makes Some Tax Extenders Permanent
    Congress Makes Some Tax Extenders Permanent12/16/2015This article was published by Accounting Today. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Congressional leaders unveiled a wide-ranging deal on tax extenders, making some items permanent.

  • Rising transaction complexity drives need for solid operating agreements
    Rising transaction complexity drives need for solid operating agreements12/14/2015This article was published by Real Estate Finance & Investment.Anchin Partner Quoted: Robert S. Gilman, CPA, CGMA

    As the number of partners in commercial real estate transactions rises, having properly structured operating agreements is becoming increasingly important.

  • NYC Commuter Benefits Law
    NYC Commuter Benefits Law12/9/2015

    On January 1, 2016, New York City’s Commuter Benefits Law goes into effect. This law requires employers with 20 or more full-time, non-union staff members to offer commuter benefits to eligible full-time employees.

  • Social Security Update
    Social Security Update12/8/2015Richard H. Stieglitz, Partner, Tax Department

    On November 2, 2015, President Obama signed into law the Bipartisan Budget Act of 2015. The Social Security changes reflected in the law affects several previously used strategies, restricting methods that married couples had available to increase their Social Security benefits.

  • Health Insurance: Avoiding the IRS Penalty for Insufficient Coverage
    Health Insurance: Avoiding the IRS Penalty for Insufficient Coverage12/4/2015

    To our Clients and Friends: Under the Affordable Care Act’s Individual Mandate, most individuals must maintain "minimum essential health coverage" at all times.

  • Medicare Changes for 2016: What You Need to Know
    Medicare Changes for 2016: What You Need to Know12/2/2015

    The Centers for Medicare & Medicaid Services just released 2016 Medicare premium, co-pay and deductible rates.

  • After a Sweet Sale of Your Stake in a Real Estate Project, Beware a Big Tax Trap
    After a Sweet Sale of Your Stake in a Real Estate Project, Beware a Big Tax Trap11/11/2015This article was published by Commercial Observer. Anchin Partner Quoted: Robert S. Gilman, CPA, CGMA

    Selling one's stake in a building might come with a hidden tax. 

  • To Business Owners Who Want to Cash Out, Accountants Deliver Tough Love and TLC
    To Business Owners Who Want to Cash Out, Accountants Deliver Tough Love and TLC10/27/2015This article was published by Crain's New York. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    As a partner at Anchin, Block & Anchin in New York City, Greg Wank often speaks with seasoned entrepreneurs who are ready to hand over the reins to firms they’ve spent years building, so they can retire.

  • Identity Fraud Most Common Among High Net-Worth Individuals
    Identity Fraud Most Common Among High Net-Worth Individuals10/23/2015This article was published by The Street. Anchin Partner Quoted: Jared Feldman, CPA

    High net-worth individuals have access to a lot more financial protection than the rest of the population, but that doesn’t make them immune to fraud in the least.

  • FinCEN Proposes Rules for Investment Advisers to Establish Anti-Money Laundering Programs
    FinCEN Proposes Rules for Investment Advisers to Establish Anti-Money Laundering Programs10/16/2015Jeffrey Rosenthal, Partner-in-Charge, Financial Services Practice

    On August 25, 2015, the Financial Crimes Enforcement Network (FinCEN) published a Notice of Proposed Rulemaking (the "Proposed Rule") that would require certain investment advisers registered with the U.S. Securities and Exchange Commission to establish anti-money laundering (AML) programs and report suspicious activity to FinCEN under the Bank Security Act (the "BSA").

  • How did Organic Avenue, which just filed for bankruptcy, lose its way?
    How did Organic Avenue, which just filed for bankruptcy, lose its way?10/16/2015This article was published by New York Business Journal. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Organic Avenue, a juice bar chain that floundered financially and shuttered all 10 of its stores yesterday, has filed for Chapter 7 bankruptcy, a move that will allow it to liquidate assets.

  • Dried-up Organic Avenue gives way to competitors
    Dried-up Organic Avenue gives way to competitors10/16/2015This article was published by Crain's New York. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    The demise Thursday of 15-year-old juice chain Organic Avenue was the end to months of financial struggles, layoffs and store closures.

  • WHO’S NEWS: Darryl Stroup joins Marcus & Millichap; Anchin adds partner
    WHO’S NEWS: Darryl Stroup joins Marcus & Millichap; Anchin adds partner10/15/2015This article was published by Real Estate Weekly. Anchin Partner and Director Featured: Raphy Soussan, CPA and Marc Nadritch, CPA

    Anchin, Block & Anchin LLP announced the addition of a new Partner, Raphy Soussan and a new Director, Marc Nadritch to its team.

  • How to Maintain Your Wealth Once You’ve Attained It
    How to Maintain Your Wealth Once You’ve Attained It10/13/2015This article was published by MainStreet.com. Anchin Partner Quoted: Jared Feldman, CPA

    Even you get rich easily, maintaining those riches and turning them into lasting wealth is far more difficult.

  • Your Health Insurance Company May Ask for Your Social Security Number
    Your Health Insurance Company May Ask for Your Social Security Number10/8/2015Marc Federbush, Practice Leader, Fashion Industry Group

    Your health insurance company may request that you provide them with the social security numbers for you, your spouse and your children covered by your health insurance policy.

  • New York City-Corporate Income, Miscellaneous Taxes: Authorization for Biotechnology Credit Extended for Three Years
    New York City-Corporate Income, Miscellaneous Taxes: Authorization for Biotechnology Credit Extended for Three Years10/7/2015Paul Gevertzman, Practice Leader, Tax Credits and Incentives Group and Yair Holtzman, Practice Leader, Research and Development Tax Credits Group

    The Biotechnology Tax Credit allows qualified emerging technology companies (QETCs) specializing in biotechnology to claim a tax credit against the General Corporation Tax and Unincorporated Business Tax for amounts paid or incurred for certain expenses in New York City.

  • 7 Things to Check Off Your To-Do List if You Filed an October 15 Federal Tax Extension
    7 Things to Check Off Your To-Do List if You Filed an October 15 Federal Tax Extension10/5/2015This article was published by LearnVest. Anchin Partner Quoted: Clarence G. Kehoe, CPA

    But if you filed for a federal personal tax extension on Tax Day, listen up: October 15 marks the deadline to finally get all of your paperwork in to the I.R.S. To help those preparing for the October date, here’s a handy rundown of things to check off your gotta-meet-the-tax- extension-deadline to-do list.

  • Company Profile: Anchin Private Client's Personal CFO Approach
    Company Profile: Anchin Private Client's Personal CFO Approach10/1/2015This article was originally published by Family Wealth Report. Anchin Partner Featured: Jared Feldman, CPA - Partner

    Perceptions of family offices – including what they are and who needs or has one – have changed quite dramatically over the past decade to include a much broader spectrum of wealthy individuals.

  • Paid Sick Leave to Be Required for Employees of Federal Contractors
    Paid Sick Leave to Be Required for Employees of Federal Contractors9/30/2015Phillip Ross, Practice Leader, Construction Industry Group

    Dear Construction Clients and Friends,

    On September 7, 2015, President Barack Obama signed an Executive Order requiring federal contractors to offer their employees up to seven days of paid sick leave per year. The executive order will impact contracts entered into on or after January 1, 2017.

  • Executive Moves: Who hired whom this week
    Executive Moves: Who hired whom this week9/27/2015This article was published by NJBIZ. Anchin Director Featured: Marc Nadritch, CPA - Director

    Anchin, Block & Anchin announced the addition of Marc Nadritch, a new director, to its team. This continues Anchin’s efforts in growing and expanding its resources for clients.

  • How Family Loans and Trusts Can Create Big Wins
    How Family Loans and Trusts Can Create Big Wins9/26/2015This article was published by Barron's. Anchin Principal Quoted: Mela Garber

    With interest rates at historic lows—for the time being—wealthy families are turbocharging their estate-planning strategies by pairing intrafamily loans with trusts.

  • People News -- Sept. 11, 2015
    People News -- Sept. 11, 20159/11/2015This article was published by Accounting Today.

    Raphy Soussan joined Anchin, Block & Anchin LLP as a partner, and Marc Nadritch has joined the firm as a director of private equity services.

  • Anchin Welcomes New Audit Partner, Raphy Soussan, and Director of Private Equity Services, Marc Nadritch to Growing Team
    Anchin Welcomes New Audit Partner, Raphy Soussan, and Director of Private Equity Services, Marc Nadritch to Growing Team9/8/2015

    Anchin, Block & Anchin LLP is pleased to announce the addition of a new Partner, Raphy Soussan and a new Director, Marc Nadritch to its team.

  • Fast-food chains search for the next McMuffin
    Fast-food chains search for the next McMuffin8/25/2015This article was published by MarketWatch. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    When it comes to introducing new menu items, fast-food chains say it’s important to keep one basic truth in mind: For every Egg McMuffin, there are plenty of Pastrami Burgers.

  • How Fast-Food Chains Cook Up New Menu Items
    How Fast-Food Chains Cook Up New Menu Items8/24/2015This article was published by The Wall Street Journal. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    When it comes to introducing new menu items, fast-food chains say it’s important to keep one basic truth in mind: For every Egg McMuffin, there are plenty of Pastrami Burgers.

  • Know your financial pulse, it could save your company’s life
    Know your financial pulse, it could save your company’s life8/6/2015This article was published by Real Estate Weekly. Written by Anchin Partner: Marc A. Newman, CPA, CGMA

    Just as a wise patient undergoes regular medical checkups, a construction firm should have regular financial checkups.

  • Big Changes in Food Industry Turn Activists Upside Down
    Big Changes in Food Industry Turn Activists Upside Down8/6/2015This article was published by the Wall Street Journal. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Three years after the old Kraft Foods split in half with the backing of activist investors, one of the activists is suggesting those businesses ought to reunite.

  • Is Your Business Prepared for the New Affordable Care Act (ACA) Reporting Requirements?
    Is Your Business Prepared for the New Affordable Care Act (ACA) Reporting Requirements?8/4/2015

    To our Clients and Friends:

    Early in 2016, sponsors of self-insured plans, as well as insured plans that are deemed to be "Applicable Large Employers," will be required to file Form 1095-C for the year 2015. The threshold to be deemed an Applicable Large Employer is 50 "full-time equivalent" (FTE) employees. Multiple part-time employees can be deemed one FTE.

  • The great A&P shake-up: 30 North Jersey stores will change tenants or go dark
    The great A&P shake-up: 30 North Jersey stores will change tenants or go dark8/2/2015This article was published by NorthJersey.com. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    The bankruptcy of A&P that was announced last month will create a retail ripple effect that will shake up neighborhood shopping centers throughout North Jersey.

  • John Gallin & Son receives Anchin, Block & Anchin Legacy Award
    John Gallin & Son receives Anchin, Block & Anchin Legacy Award8/1/2015This article was published by New York Real Estate Journal.

    John Gallin & Son is a recipient of Anchin, Block & Anchin LLP’s 2015 Legacy Award for fiscal strength, longevity and stability over multiple generations.

  • Impressive Showing: Solidifying your value proposition with plan sponsors
    Impressive Showing: Solidifying your value proposition with plan sponsors8/1/2015This article was published by Plan Adviser Magazine. Anchin Partner Quoted: Clarence G. Kehoe, CPA

    At investment or plan committee meetings, when reviewing the retirement plan with sponsor clients, advisers have the full attention of those in attendance. Most of those meetings are spent discussing the plan and its participants—and sometimes even the investment committee.

  • Why Annuities May Earn Investors’ Respect Now
    Why Annuities May Earn Investors’ Respect Now7/29/2015This article was published by U.S. News & World Report.Anchin Partner Quoted: Clarence G. Kehoe, CPA

    Misunderstood at best and reviled at worst, annuities rank as the Rodney Dangerfield of investments: no respect at all. Yet experts say that annuities – already setting sales records – could well innovate in the coming years, provided that the same high-tech changes shaking conventional investments make it to this sector.

  • Firm News: July 24, 2015
    Firm News: July 24, 20157/24/2015This article was originally published by Accounting Today.

    Anchin, Block & Anchin LLP held its annual New York Construction Awards on June 11, 2015 at Club 101 in New York City.

  • Is Your Firm in Compliance with the Upcoming July 31st U.S. Department of Labor Filing Deadline?
    Is Your Firm in Compliance with the Upcoming July 31st U.S. Department of Labor Filing Deadline?7/23/2015Deborah de Vries, Co-Practice Leader, Compensation and Benefits Services Group

    To our Clients and Friends:

    A frequently overlooked filing obligation is one that requires companies sponsoring retirement plans and large health plans to submit Form 5500 to the U.S. Department of Labor (DOL), annually. For calendar year plans the filing deadline is July 31, 2015. The DOL penalty for noncompliance is $1,100 per day, and the IRS penalty is $15,000 per annum. Is your firm in compliance?

  • Pensions Are Taking the Long, Lonely Road to Retirement
    Pensions Are Taking the Long, Lonely Road to Retirement7/20/2015This article was published by U.S. News & World Report. Anchin Partner Quoted: Clarence G. Kehoe, CPA

    Pensions were once just as much a given in the full-time working world as rock-solid health insurance and gold watches on retirement day.

  • U.S. Supreme Court Decision in Obergefell v. Hodges Has Far-Reaching Tax and Benefits Implications for Same-Sex Married Couples
    U.S. Supreme Court Decision in Obergefell v. Hodges Has Far-Reaching Tax and Benefits Implications for Same-Sex Married Couples7/17/2015Jane Bernardini, Partner, Private Client Group

    On June 26, 2015, there was a groundbreaking decision in Obergefell v. Hodges. Two years after the Supreme Court ruled Section 3 of the Defense of Marriage Act (DOMA) unconstitutional in United States v. Windsor, the Supreme Court declared that same-sex couples have a right to marry anywhere in the United States under the freedom to marry ruling.

  • Accelerated Sales Tax Exemption Program (A-STEP) May Save You Thousands
    Accelerated Sales Tax Exemption Program (A-STEP) May Save You Thousands7/16/2015Paul Gevertzman, Practice Leader, Tax Credits and Incentives Group

    Small businesses and their growth are vital components of the economic livelihood of New York City. However, many of them are unable to expand their businesses and achieve long term success due to lack of financial resources. To help, the New York City Industrial Development Agency (NYCIDA) has designed the A-STEP Program to help small businesses with equipment upgrades and renovations. 

  • Innovators, leaders, rising stars singled out at annual Anchin awards
    Innovators, leaders, rising stars singled out at annual Anchin awards7/16/2015This article was published by Real Estate Weekly. Anchin Partner Quoted: Phillip M. Ross, CPA, CGMA

    Anchin, Block & Anchin LLP held its annual New York Construction Awards honoring construction, architecture and engineering industry innovators, leaders and rising stars.

  • 5 Biggest Estate Planning Mistakes You Can Make
    5 Biggest Estate Planning Mistakes You Can Make7/15/2015This article was published by Daily Finance. Anchin Principal Quoted: Mela Garber

    Avoid these common estate planning mistakes.

  • Here Are the Worst Estate Planning Mistakes You Can Make
    Here Are the Worst Estate Planning Mistakes You Can Make7/13/2015This article was published by MainStreet.com. Anchin Principal Quoted: Mela Garber

    Good luck to your loved ones when you die, because you’re going about your estate planning all wrong.

  • Trade Preferences Extension Act: What Does it Mean for Your Company?
    Trade Preferences Extension Act: What Does it Mean for Your Company?7/9/2015Marc Federbush, Practice Leader, Fashion Industry Group

    On June 30, 2015, the President signed the Trade Preferences Extension Act ("The Act") into law. The Act will renew the Generalized System of Preferences (GSP), which provides duty-free treatment for selected goods from "beneficiary developing countries," such as Brazil, India, etc.

  • Still Much for Employers to Do During 2015 WOTC Hiatus Period
    Still Much for Employers to Do During 2015 WOTC Hiatus Period7/7/2015Paul Gevertzman, Practice Leader, Tax Credits and Incentives Group

    The Work Opportunity Tax Credit (WOTC) is a federal income tax credit for each new hire that is a member of certain targeted groups.

     

  • Does Your Firm Sponsor a Self-Insured Health Plan?
    Does Your Firm Sponsor a Self-Insured Health Plan?7/6/2015Deborah de Vries and Clarence Kehoe, Co-Practice Leaders, Compensation and Benefits Services Group

    To our Clients and Friends:

    The Patient Protection and Affordable Care Act of 2010 ("ACA") created a fee that is imposed on most health plans. The Patient-Centered Outcomes Research Institute (PCORI) fee is submitted with a completed IRS Form 720, which is due annually on July 31. If you have an insured health plan, the insurer is responsible for calculating and remitting the fee.

  • What we can learn about prenups from the Ben Affleck-Jennifer Garner divorce
    What we can learn about prenups from the Ben Affleck-Jennifer Garner divorce7/4/2015This article was published by Fortune. Anchin Principal Quoted: Mela Garber

    Earlier this week, the world learned that beloved Hollywood couple Jennifer Garner, 43, and Ben Affleck, 42, have decided to split—ten years and one day after their wedding.

  • Two-Year Extension for Vital New York City Tax Breaks
    Two-Year Extension for Vital New York City Tax Breaks7/1/2015Paul Gevertzman, Practice Leader, Tax Credits and Incentives Group

    Lucrative tax breaks for New York City businesses and developers were extended after the recent legislative sessions concluded in Albany. These tax breaks provide attractive financial incentives for businesses to remain in or relocate to Lower Manhattan and the outer boroughs.

  • $141M sculpture may ‘point’ to top
    $141M sculpture may ‘point’ to top6/14/2015This article was published by the New York Post. Anchin Principal Quoted: Gary S. Castle, FCA

    This is the art bubble of the millennium.

  • New York State ACH Debit Block ID Changes
    New York State ACH Debit Block ID Changes6/10/2015Barry Weisman, Partner, Tax Department

    For those of you using the New York State electronic payment system, there is an update you need to be aware of. Effective June 25, 2015, The New York State Department of Taxation and Finance will convert to a new bank to receive electronic payment of taxes. This will require changes to the New York State (Company) ID and name for debit blocks.

  • The sweetened lowdown: ‘In the Raw’ beverages coming to stores
    The sweetened lowdown: ‘In the Raw’ beverages coming to stores6/4/2015This article was published by Crain's New York. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Sugar In the Raw is getting drinkable. The brand, whose brown packets have become ubiquitous in coffee shops across the city, is launching a line of low-calorie beverages this month.

  • BevNET Live Day 2 Recap: A Call to Action
    BevNET Live Day 2 Recap: A Call to Action6/4/2015This article was published by BevNET. Anchin Partner Featured: Gregory A. Wank, CPA, CGMA

    Louis Barone, Senior Vice President and Division Head of IDB Bank and Greg Wank, Executive Partner at Anchin, Block, & Anchin LLP followed McCord with a look at inside lending in the industry.

  • How the U.S. Supreme Court Ruling Can Impact Your Taxes
    How the U.S. Supreme Court Ruling Can Impact Your Taxes6/1/2015Barry Weisman, Partner, Tax Department

    In an ostensibly significant taxpayer victory, a bitterly divided (5-4) U.S. Supreme Court ruled on May 18, 2015 in Comptroller of the Treasury of Maryland v. Wynne that Maryland’s personal income tax regime ran afoul of the Constitution’s "Dormant" Commerce Clause.

  • Why Your Spouse Should Be at the Center of Your Estate Planning
    Why Your Spouse Should Be at the Center of Your Estate Planning5/27/2015This article was published by MainStreet. Anchin Partner Quoted: E. Richard Baum, CPA, J.D.

    If you’re wondering who’s going to make sure your wishes are met after you die, your spouse is likely the first person you should consider.

  • Indian American woman in Illinois Priti Shah wins $4 million from lottery ticket
    Indian American woman in Illinois Priti Shah wins $4 million from lottery ticket5/27/2015This article was published by The American Bazaar. Anchin Partner Quoted: Clarence G. Kehoe, CPA

    An Indian American woman in Des Plaines, Illinois, won $4 million after scratching a ticket that her daughter had given her as a gift for Mother’s Day.

  • Almond milk sales are soaring, but is it good for you?
    Almond milk sales are soaring, but is it good for you?5/27/2015This article was published by Fortune.Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Almond milk now outsells any other non-dairy milk—including rice or soy milk.

  • Labor-law infractions cost these firms more than cash
    Labor-law infractions cost these firms more than cash5/20/2015This article was published by Crain's New York. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    Local construction firms that aren’t following labor laws to the letter need to get their act together in the wake of a $1.42 million settlement between the U.S. Department of Labor and four related Long Island City plumbing and heating contractors, small-business advisers say.

  • Anchin announces MTA New York City Transit President, Carmen Bianco, as Keynote Speaker for the New York Construction Awards on June 11, 2015
    Anchin announces MTA New York City Transit President, Carmen Bianco, as Keynote Speaker for the New York Construction Awards on June 11, 20155/11/2015

    Anchin, Block & Anchin LLP host of the annual New York Construction Awards, is proud to announce Carmen Bianco, President of Metropolitan Transportation Authority (MTA) New York City Transit, as keynote speaker for the event. The New York Construction Awards will take place on June 11, 2015 at Club 101 in New York City.

  • You’ve Won Big -- What Will That Windfall Cost You in Taxes?
    You’ve Won Big -- What Will That Windfall Cost You in Taxes?5/11/2015This article was published by The Street. Anchin Partner Quoted: Jared Feldman, CPA

    So you cleaned up at the casino, finally had that winning lottery ticket pay off or were the last person with his hand on the truck at the mall this weekend. What’s that "free" gift going to cost you?

  • Anchin announces Paul Williams of the Dormitory Authority State of New York as Keynote Speaker for the New York Construction Awards on June 19, 2014
    Anchin announces Paul Williams of the Dormitory Authority State of New York as Keynote Speaker for the New York Construction Awards on June 19, 20145/7/2015

    The annual New York Construction Awards, presented in cooperation with the New York Building Congress (NYBC) and industry partners, American Council of Engineering Companies of New York (ACEC-NY) and the American Institute of Architects New York Chapter (AIA-NY), and hosted by Anchin, Block & Anchin LLP, will take place on June 19, 2014 at Bloomberg Headquarters in New York City.

  • Back to the future: Create a viable buy-sell agreement now
    Back to the future: Create a viable buy-sell agreement now5/6/2015This article was published by Real Estate Weekly. Written by Anchin Partner: Marc A. Newman, CPA, CGMA

    It would be wonderful if the future just took care of itself. But in the case of buy-sell agreements, the future depends on what’s done today.

  • Expiration date approaching for certain New York City based incentives
    Expiration date approaching for certain New York City based incentives4/28/2015Paul Gevertzman, Practice Leader, Tax Credits and Incentives Group

    The following New York City based incentive programs are expiring on June 30, 2015

  • New York City Corporate Tax Reform Will Have Significant Impact on 2015 Taxes
    New York City Corporate Tax Reform Will Have Significant Impact on 2015 Taxes4/27/2015Clarence Kehoe, Partner-in-Charge, Tax Department

    Enacted New York legislation significantly revises the New York City corporate income tax system, generally applicable to taxable years beginning on or after January 1, 2015. New York City does not recognize Federal S Corporation status and instead taxes them as if they are a regular…

  • Water helping soft drink industry
    Water helping soft drink industry4/27/2015This article was published by FOX5NY. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Is the soft drink industry dead?

  • Anchin's Greg Wank Says ‘Functional Beverages’ Supporting Coke on Bloomberg Radio (Audio)
    Anchin's Greg Wank Says ‘Functional Beverages’ Supporting Coke on Bloomberg Radio (Audio)4/22/2015(Source: Bloomberg)

    Greg Wank, practice leader of Anchin, Block & Anchin LLP's Food and Beverage Industry Group discusses Coca-Cola earnings and the changing "health conscious" landscape within the beverage industry with Bloomberg's Carol Massar and Michael McKee on "Taking Stock".

  • How To Create Viral Movements With Digital Media (Video)
    How To Create Viral Movements With Digital Media (Video)4/22/2015(Source: CoInvent)

    Michael Belfer, practice leader of Anchin, Block & Anchin LLP's Public Relations and Advertising Industry Group on panel discussing how to create viral movements with digital media.

  • How to Set Up a Trust Without Costing Your Children a Cent
    How to Set Up a Trust Without Costing Your Children a Cent4/17/2015This article was published by MainStreet.com. Anchin Principal Quoted: Mela Garber

    If personal finance was a teen movie, the trust would be the blonde, snotty rich kid who wins all the ski races and uses his flawless martial arts technique to sweep some working-class kid’s injured leg.

  • Firm News: April 17, 2015
    Firm News: April 17, 20154/17/2015This article was published by Accounting Today.

    Anchin, Block & Anchin LLP has been named one of the Best Companies to Work for in New York State for 2015, marking the 8th consecutive year that Anchin has received this recognition.

  • IRS warns of sophisticated telephone scam
    IRS warns of sophisticated telephone scam4/15/2015This article was published by Marketplace.org. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    The Treasury department says thousands of people have fallen victim to a phone scam, where a caller impersonates an IRS agent, and threatens criminal penalties and other legal action if money isn’t paid immediately.

  • Is that on-demand worker actually your employee?
    Is that on-demand worker actually your employee?4/12/2015This article was published by Crain's New York. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    John McLaughlin depended heavily on freelance customer-service representatives and other help he found on oDesk while growing his mobile-app firm, UniquePhones, in SoHo. But when he decided to offer 24-hour customer service and needed the reps to move to hourly shifts, he made what may have been a prescient decision.

  • New Jersey Tax Incentives Opportunity
    New Jersey Tax Incentives Opportunity3/30/2015Paul Gevertzman, Practice Leader, Tax Credits and Incentives Group

    Governor Chris Christie is proposing turning New Jersey’s Business Employment Incentive Program (BEIP) into a program offering tax credits in exchange for job creation. This comes after lawmakers cut an estimated $175 million in BEIP funding from the budget to help close a revenue shortfall last year.

  • Heinz will buy Kraft Foods in mega-merger for American food
    Heinz will buy Kraft Foods in mega-merger for American food3/25/2015This article was published by The Washington Post. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Taking aim soon at America’s growing love of fresh food: A billion-dollar mega-marriage of sugary ketchup and processed cheese.

  • Captive Insurance Companies: Are They Right For You?
    Captive Insurance Companies: Are They Right For You?3/18/2015Clarence Kehoe, Partner-in-Charge, Tax Department

    Many of you have heard of captive insurance companies but may not know exactly what they are or how they work. Perhaps you have heard of this concept being used by Fortune 500 companies, but assumed it was not for you. Well, captive insurance companies are being increasingly used by middle market companies as promoters and advisors are aggressively pursuing privately owned companies.

  • What to Do if You’re Audited
    What to Do if You’re Audited3/18/2015This article was published by The Fiscal Times. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    If you’re being audited by the Internal Revenue Service this year, you’re either an unlucky or extremely unfortunate individual.

  • So Your Taxes Are Being Audited By the State or IRS: Now What?
    So Your Taxes Are Being Audited By the State or IRS: Now What?3/18/2015This article was published by MainStreet.com. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    If you’re being audited by the Internal Revenue Service this year, you’re either an unlucky or extremely unfortunate individual.

  • Pizza chains make inroads in NJ, NY
    Pizza chains make inroads in NJ, NY3/17/2015This article was published by FOX5NY. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    Call it the next Chipotle. Custom, quick pizza is the hot new trend in fast casual dining, even in the New York Metro area, where we can be picky about our pies.

  • Replacing tax rebates with tax credits bad for local businesses and New Jersey alike
    Replacing tax rebates with tax credits bad for local businesses and New Jersey alike3/14/2015This article was published by NJ BIZ. Written by Anchin Partner: Paul Gevertzman, CPA, J.D.

    When state Sen. Raymond Lesniak (D-Union) introduced legislation late last month to issue 10-year tax credits to businesses promised rebate checks under the now defunct Business Employment Incentive Program, he took a rather sanguine view of the bill and its benefits for local companies.

  • How 3 Popular Businesses Actually Turn a Profit
    How 3 Popular Businesses Actually Turn a Profit3/10/2015This article was published by U.S. News & World Report. Anchin Partner Quoted: Gregory A. Wank, CPA, CGMA

    When you pull out your wallet to pay for a meal or a mani-pedi, you might assume the most expensive part of your bill was that steak or the trendy designs on your toenails. But insiders will tell you that the real money-makers are the wine you ordered with dinner or the extra products you bought at the salon after getting pampered.

  • Estate planning: How to leave IRA to heirs
    Estate planning: How to leave IRA to heirs3/5/2015This article was published by Bankrate.com. Anchin Partner Quoted: E. Richard Baum, CPA, J.D.

    No one would accuse IRAs of being easy to understand. The retirement accounts seem fairly straightforward on the surface, but they can get complicated, especially after you die.

  • Anchin Releases Its Ninth Annual Food and Beverage Industry Survey
    Anchin Releases Its Ninth Annual Food and Beverage Industry Survey3/4/2015

    Anchin, Block & Anchin LLP, one of the region’s leading accounting and consulting firms serving the food and beverage industry, has released its 2015 industry survey.

  • Are your financial statements investor and acquirer-ready?
    Are your financial statements investor and acquirer-ready?3/3/2015This article was published by newhope360. Co-Authored by Anchin Partner: Gregory A. Wank, CPA, CGMA

    As professional service firms steeped in the natural products space, we have the privilege of meeting the founders and executives from many branded food and beverage companies each year. Interestingly, we have learned that the way each company classifies certain costs in their financial statements can vary widely.

  • Window of opportunity to claim Work Opportunity Tax Credit
    Window of opportunity to claim Work Opportunity Tax Credit2/25/2015Paul Gevertzman, Practice Leader, Tax Credits and Incentives Group

    The Work Opportunity Tax Credit (WOTC) is a federal income tax credit for each new hire that is a member of certain targeted groups. The Tax Increase Prevention Act of 2014 (the Act), enacted on December 19, 2014 extended the WOTC through December 31, 2014, for companies hiring individuals in targeted groups, and for qualified tax-exempt organizations hiring qualified veterans.

  • The R&D Tax Credit — A Catalyst For Life Sciences Innovation
    The R&D Tax Credit — A Catalyst For Life Sciences Innovation2/25/2015This article was published by Life Science Leader. Written by Anchin Partner: Yair Holtzman, CPA, MBA, MS, CGMA

    For companies in net loss positions, the R&D credit can be carried back one year and carried forward for 20 years until it can be used. In addition, similar credits and other incentives are offered by 38 states, six of which offer refundable credits to attract new jobs and industries to the region.

  • The Agricultural Chemicals Security Credit has expired, but is opportunity still knocking?
    The Agricultural Chemicals Security Credit has expired, but is opportunity still knocking?2/18/2015Yair Holtzman, Practice Leader, Research and Development Tax Credits Group

    The Agricultural Chemicals Security Credit was applicable to eligible expenditures incurred after May 22, 2008 and before January 1, 2013.

  • Court Case Impacts Eligibility of Capped Contracts for R&D Tax Credits
    Court Case Impacts Eligibility of Capped Contracts for R&D Tax Credits2/16/2015Yair Holtzman, Practice Leader, Research and Development Tax Credits Group

    On January 29, 2015, the United States Court of Appeals for the Eleventh Circuit affirmed a federal district court’s decision in Geosyntec Consultants, Inc. v. United States, No. 14-11107, disallowing the R&D tax credit for research expenditures linked to capped contracts.

  • Important: Monitor Your 2015 Employee Headcount Carefully!
    Important: Monitor Your 2015 Employee Headcount Carefully!2/11/2015Deborah de Vries, Co-Practice Leader, Compensation and Benefits Services Group

    To our Clients and Friends:

    The Patient Protection and Affordable Care Act of 2010 ("ACA") is complex legislation that affects a large percentage of employers throughout the country. Depending on employee headcount, employers may be subject to all ACA provisions, just some of them, or none at all.

  • Cybersecurity Alert
    Cybersecurity Alert2/10/2015Jeffrey Rosenthal, Partner-in-Charge, Financial Services Practice

    This past week saw a flurry of alerts regarding cyber security from both the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) underscoring the emphasis on cybersecurity across all areas of the financial services industry for both institutions and investors.

  •  Understanding Lifetime Trusts (Video)
    Understanding Lifetime Trusts (Video) 1/27/2015(Source: The Wall Street Journal)

    Richard Baum, partner at Anchin, Block & Anchin LLP, discusses what advisers and clients need to know about lifetime trusts and why they've become more popular with Veronica Dagher, in this WSJ Video.

  • Proposed Regulations Provide Clarity and Guidance Related to Computer Software as it Applies to the R&D Tax Credit
    Proposed Regulations Provide Clarity and Guidance Related to Computer Software as it Applies to the R&D Tax Credit1/26/2015Yair Holtzman, Practice Leader, Research and Development Tax Credits Group

    On January 16, the Treasury and IRS released proposed regulations (REG-153656-03) regarding internal use software ("IUS") expenditures as related to the Section 41 Research & Development ("R&D") tax credit. The proposed regulations contain several important changes related to claiming the R&D tax credit for IUS expenditures.

  • Identity Theft
    Identity Theft1/22/2015

    Identity thieves stole an estimated $5.2 billion from the Internal Revenue Service (IRS) this past year. The threat of identity theft and refund fraud has increased substantially over the past few years.

  • New York Annual Wage Theft Reporting Act Requirements: Relief for 2015
    New York Annual Wage Theft Reporting Act Requirements: Relief for 20151/21/2015

    At the end of December 2014, the New York State Department of Labor (NYSDOL) announced that Governor Cuomo signed a bill eliminating the annual notice requirement of the Wage Theft Prevention Act (WTPA). This provides significant relief for many businesses.

  • 2015 SEC Examination Priorities Announced
    2015 SEC Examination Priorities Announced1/20/2015Jeffrey Rosenthal, Partner-in-Charge, Financial Services Practice

    Last week, the SEC announced its examination priorities for 2015. Three themes highlighted the areas of focus for the SEC’s Office of Compliance Inspections and Examinations ("OCIE"): Protection of retail investors and investors saving for retirement, assessing market-wide risk and using enhanced data analysis to identify those engaged in potential illegal activity.

  • Here Are The Tax Changes You Should Know About This Year
    Here Are The Tax Changes You Should Know About This Year1/19/2015This article was published by Business Insider. Anchin Partner Quoted: Paul Gevertzman, CPA, J.D.

    The Senate recently extended several tax provisions including mortgage debt forgiveness and credits for energy-efficient home improvements – that had expired at the end of 2013.

  • IRS Retroactively Increases Transit Benefits
    IRS Retroactively Increases Transit Benefits1/14/2015Clarence Kehoe, Partner-in-Charge, Tax Department and Richard Stieglitz, Partner, Tax Department

    The Tax Increase Prevention Act of 2014 extended the provision allowing employees to exclude from gross income up to $250 a month for transit passes. This provision was extended only through 2014, and is scheduled to return to $130 a month thereafter.

  • Identity Theft
    Identity Theft1/14/2015Marc Federbush, Practice Leader, Fashion Industry Group

    Identity thieves stole an estimated $5.2 billion from the Internal Revenue Service (IRS) this past year. The threat of identity theft and refund fraud has increased substantially over the past few years.

  • Recent Statutory Changes to the New York State Metropolitan Commuter Transportation Mobility Tax (“MCTMT”)
    Recent Statutory Changes to the New York State Metropolitan Commuter Transportation Mobility Tax (“MCTMT”)1/13/2015Clarence Kehoe, Partner-in-Charge, Tax Department and Tara Burek, Director, State and Local Taxation Services Group

    For tax years beginning on or after January 1, 2015, there are significant filing and payment changes to the MCTMT which will affect many unincorporated businesses and self-employed individuals.

  • The Art of Tax Planning - Part 3
    The Art of Tax Planning - Part 31/12/2015Gary Castle and Michael Belfer, Co-Practice Leaders, Art Specialty Group

    This is the third installment of an article about tax as it applies to the unique subject of art.

  • New York, New Jersey and Connecticut Payroll Changes Take Effect
    New York, New Jersey and Connecticut Payroll Changes Take Effect1/7/2015Clarence Kehoe, Partner-in-Charge, Tax Department

    On January 1st, New York’s minimum wage for most employees increased to $8.75 an hour from $8.00 per hour. On December 31, 2015, the minimum wage will rise again to $9.00 an hour.

  • New York State Conforms to the Market Based Sourcing Approach for the Sourcing of Receipts from Services and the Use of Intangibles
    New York State Conforms to the Market Based Sourcing Approach for the Sourcing of Receipts from Services and the Use of Intangibles1/6/2015Clarence Kehoe, Partner-in-Charge, Tax Department and Tara Burek, Director, State and Local Taxation Services Group

    For tax years beginning on or after January 1, 2015, receipts from services and intangibles will be sourced to where the customer receives the economic benefit and not where the service was performed. This is more commonly known as "market-based" sourcing of receipts.

  • 2015 TAX CALENDAR
    2015 TAX CALENDAR1/1/2015

    This summary of when various tax-related forms, payments and other actions are due will help taxpayers make sure they don’t miss any important 2015 tax deadlines.

  • House/Senate Pass Tax Extenders Bill
    House/Senate Pass Tax Extenders Bill12/17/2014Clarence Kehoe, Partner-in-Charge, Tax Department

    Late last night the Senate passed a tax extenders bill, the same bill which the House had previously approved. It is expected that President Obama will sign the bill by the end of the week.

  • The Art of Tax Planning - Part 2
    The Art of Tax Planning - Part 212/16/2014Gary Castle and Michael Belfer, Co-Practice Leaders, Art Specialty Group

    This is the second installment of an article about tax as it applies to the unique subject of art.

  • New York State Sales and Use Tax Update
    New York State Sales and Use Tax Update12/8/2014Phillip Ross, Practice Leader, Construction Industry Group

    Dear Construction Clients and Friends,

    On October 23, 2014, the New York State Department of Taxation and Finance (DTF) issued a Technical Memorandum, outlining a new policy regarding the sales & use taxes application to temporary scaffolding, temporary pedestrian walkways (sidewalk bridges), and temporary hoisting systems installed at construction sites.

  • The Art of Tax Planning - Part 1
    The Art of Tax Planning - Part 112/4/2014Gary Castle and Michael Belfer, Co-Practice Leaders, Art Specialty Group

    Fine art is increasingly making headlines as record breaking auction prices steal the attention of collectors, hopeful artists, and art market enthusiasts. At the same time, the perception of a rising art market has brought fine art to the attention of investors around the world, who now consider it an alternative asset class to be evaluated alongside real estate, hedge funds, and other investments.

  • 2014 Financial Services Year-End Tax Planning Alert
    2014 Financial Services Year-End Tax Planning Alert12/3/2014George Teixeira, Partner, Financial Services Practice

    The November 4 midterm elections resulted in a shake-up on Capitol Hill that will put Republicans in charge of both the House and the Senate when 114th Congress convenes in January 2015. In the meantime, tax reform and tax extender discussions have taken a back seat to the election of party leaders in the House and Senate as well as leadership changes to the various tax-writing committees.

  • Does Your Firm Have A Self-Insured Health Plan?
    Does Your Firm Have A Self-Insured Health Plan?11/25/2014Phillip Ross, Practice Leader, Architecture and Engineering

    To our Clients and Friends,

    Like most companies, Architecture and Engineering (A&E) firms need a full understanding of how the Affordable Care Act will impact their business so they can accurately budget and plan.

  • Uncertainty over expired tax provisions complicates year end tax planning
    Uncertainty over expired tax provisions complicates year end tax planning11/5/2014

    Now that we’ve entered the final two months of 2014, many businesses and individuals are turning their attention to year end tax planning.

  • Fringe Benefits That May Affect Your Payroll Reporting and Tax Withholding
    Fringe Benefits That May Affect Your Payroll Reporting and Tax Withholding11/1/2014

    To Our Business Clients:

    Attached for your convenience is a summary of the tax treatment of certain fringe benefits for payroll tax and income tax reporting purposes, plus detailed information regarding company automobiles and health and accident insurance premiums for S corporations.

  • A Tax Victory for Art Collectors
    A Tax Victory for Art Collectors10/7/2014Gary Castle, Co-Practice Leader, Art Specialty Group

    In a decision on September 15, 2014, the Fifth Circuit reversed a 10% discount (previously applied by the United States Tax Court to a valuation of art) in favor of a more significant 47.5% discount. The careful consideration of evidentiary support provided by the art collector’s family, legal team, accountant and other experts in conjunction with the blatant randomness of the initial 10% discount yielded a very positive result that many think will help other art owners reduce taxes on their estates.

  • Trends and Forecasts for New York’s Construction Industry Discussed at Anchin’s Ninth Annual State of the Construction Industry Event
    Trends and Forecasts for New York’s Construction Industry Discussed at Anchin’s Ninth Annual State of the Construction Industry Event10/1/2014

    Anchin’s ninth annual State of the Construction Industry event was held in New York City on September 18, 2014. Presented in cooperation with the New York Building Congress (NYBC), the American Council of Engineering Companies of New York (ACEC NY), and the American Institute of Architects – New York Chapter (AIA-NY), the event is much anticipated by industry leaders as an indication of what they can expect in the coming year.

  • Anchin, Block & Anchin LLP Adds Three to Partnership
    Anchin, Block & Anchin LLP Adds Three to Partnership10/1/2014

    Anchin, Block & Anchin LLP is pleased to announce the addition of Tamir Dardashtian (Principal), Yair Holtzman (Partner) and Christopher Noble (Partner) to the partnership, as of October 1, 2014. With these additions, Anchin has a roster of 54 partners and principals who provide creative, proactive advisory services to clients representing all of the major industries represented in the tri-state area.

  • The Affordable Care Act (ACA) Reporting Requirements for Business Clients
    The Affordable Care Act (ACA) Reporting Requirements for Business Clients9/30/2014

    Certain employer reporting requirements for IRS Code Sections 6055 and 6056 under the ACA originally were intended to take effect on January 1, 2014. Employers received transition relief for tax year 2014 delaying the effective date and enforcement until January 1, 2015.

  • Anchin's Greg Wank Discusses NYC Grocery Store Pricing (Audio)
    Anchin's Greg Wank Discusses NYC Grocery Store Pricing (Audio) 9/10/2014Source: Bloomberg

    Greg Wank, practice leader of Anchin, Block & Anchin LLP's Food and Beverage Industry Group discusses Whole Foods and Food and Beverage Industry trends with Bloomberg's Pimm Fox and Carol Massar on "Taking Stock".

  • Speakers Announced for Anchin’s Annual Construction Industry Event
    Speakers Announced for Anchin’s Annual Construction Industry Event8/7/2014

    The partners of Anchin, Block & Anchin LLP are proud to announce the outstanding panel of industry executives for the State of the Construction Industry event, which will take place at 7:45 a.m. on Thursday, September 18, 2014, at Club 101, 101 Park Avenue. This high-level industry event will provide an outlook of the Construction industry for 2014 and beyond.

  • Is Your Inherited IRA Protected From Creditors?
    Is Your Inherited IRA Protected From Creditors?8/5/2014Deborah de Vries and Clarence Kehoe, Co-Practice Leaders, Compensation and Benefits Services Group

    To Our Clients and Friends:

    As life expectancies have increased, the possibility that your retirement will last for several decades is a realistic one. This is a happy thought, but how will you pay for it?

  • Tax Incentives for U.S. Work on Foreign Projects
    Tax Incentives for U.S. Work on Foreign Projects7/28/2014Phillip Ross, Practice Leader, Architecture and Engineering Industry Group 

    Many Architecture and Engineering firms are expanding their scope of work into international projects. These companies may be able to reduce overall taxes and increase cash flow with the proper tax planning and structure.

  • Federal Court Rules Against Key Provision in the Affordable Care Act; Second Court Upholds It
    Federal Court Rules Against Key Provision in the Affordable Care Act; Second Court Upholds It7/23/2014Deborah de Vries and Clarence Kehoe, Co-Practice Leaders, Compensation and Benefits Services Group

    To Our Clients and Friends:

    On July 22, two federal appellate courts rendered conflicting decisions regarding a key component of the Affordable Care Act

  • How to Defer Retirement Plan Distributions Until Age 85
    How to Defer Retirement Plan Distributions Until Age 857/22/2014Deborah de Vries and Clarence Kehoe, Co-Practice Leaders, Compensation and Benefits Services Group

    To Our Clients and Friends:

    With limited exceptions, required minimum distributions from retirement vehicles such as 401(k) plans and Individual Retirement Accounts (IRAs) have had to commence shortly after the owner reaches the age of 70 1/2. Failure to do so triggered a daunting excise tax, calculated at 50% of the missed distribution.

  • Repair Regulations: Capitalize vs. Expense
    Repair Regulations: Capitalize vs. Expense7/14/2014

    The IRS has recently released final rules on the tax treatment of tangible personal property. An important component of these new rules deal with when and how to deduct or capitalize certain expenditures.

  • Custody Rule Update: Guidance for SPVs and Escrows
    Custody Rule Update: Guidance for SPVs and Escrows7/14/2014

    The Division of Investment Management of the Securities and Exchange Commission (the "SEC") provided an Investment Management Guidance Update (the "Update") regarding the Custody Rule (Rule 206(4)-2) under the Investment Advisers Act of 1940, as amended (the " Custody Rule").

  • Does Your Firm Sponsor a Self-Insured Health Plan?
    Does Your Firm Sponsor a Self-Insured Health Plan?7/1/2014Deborah de Vries and Clarence Kehoe, Co-Practice Leaders, Compensation and Benefits Services Group

    To our Clients and Friends:

    The Patient Protection and Affordable Care Act of 2010 ("ACA") created a fee that is imposed on most health plans. The Patient-Centered Outcomes Research Institute (PCORI) fee is submitted with a completed IRS Form 720, which is due annually on July 31. If you have an insured health plan, the insurer is responsible for calculating and remitting the fee.

  • The New York Construction Awards Honors Construction, Architecture & Engineering Industry Innovators, Leaders & Rising Stars
    The New York Construction Awards Honors Construction, Architecture & Engineering Industry Innovators, Leaders & Rising Stars6/30/2014

    The New York Construction Awards, hosted by leading accounting and consulting firm Anchin, Block & Anchin LLP and presented by The New York Building Congress (NYBC), The American Council of Engineering Companies of New York (ACEC NY), and The American Institute of Architects – New York Chapter (AIA-NY) honored industry innovators, leaders and rising stars at Bloomberg Headquarters in New York City on June 19th.

  • Revenue Ruling 2014-18 – New Possibilities to Defer Offshore Compensation of Hedge Fund Managers and Employees
    Revenue Ruling 2014-18 – New Possibilities to Defer Offshore Compensation of Hedge Fund Managers and Employees6/30/2014

    On June 10, 2014, the Internal Revenue Service issued a ruling holding that non-statutory (or nonqualified) stock options ("NSO") and stock-settled stock appreciation rights ("SARs") are not subject to Internal Revenue Code Section 457A ("Section 457A").

  • City Harvest Skip Lunch Fight Hunger
    City Harvest Skip Lunch Fight Hunger6/30/2014City Harvest

    This year, City Harvest's Skip Lunch Fight Hunger Campaign raised $1 million - enough to help feed over 45,000 hungry kids and their families for the entire summer.

  • Results of Anchin’s 8th Annual Food and Beverage Survey Show Optimism for Higher Profits in 2014
    Results of Anchin’s 8th Annual Food and Beverage Survey Show Optimism for Higher Profits in 20146/5/2014

    The statistics revealed at Anchin’s 8th Annual State of the Food and Beverage Industry Event, held in Manhattan on June 4th, showed the industry, a leader in the recovering economy in 2013, anticipates an even more profitable 2014.

  • Choosing the Right Auditor for Your Firm’s Employee Benefit Plan
    Choosing the Right Auditor for Your Firm’s Employee Benefit Plan5/15/2014Deborah de Vries and Clarence Kehoe, Co-Practice Leaders, Compensation and Benefits Services Group

    To our Clients and Friends:

    If your retirement plan has over 100 participants, in most cases you must provide the U.S. Department of Labor (DOL) with evidence of an annual audit by an independent qualified public accountant. Not every public accountant is "qualified" to audit a retirement plan – is yours?

  • New York State Gift, Estate and Trust Law Changes
    New York State Gift, Estate and Trust Law Changes5/13/2014

    New York State recently enacted some significant tax law changes. Contained within the new budget are critical gift, estate and trust topics that should be addressed immediately by New York residents as well as beneficiaries of exempt resident trusts.

  • New York Budget to Have a Major Impact on 2014 Taxes
    New York Budget to Have a Major Impact on 2014 Taxes4/9/2014Clarence Kehoe, Partner-in-Charge, Tax Department

    Last week’s budget agreement brought significant tax developments that will greatly impact the 2014 tax picture for many companies and individuals. Here is a brief look at some of the key developments.

  • Anchin’s Trusts and Estates Market Update
    Anchin’s Trusts and Estates Market Update3/26/2014Mela Garber, Practice Leader, Trusts and Estates Services Group and Clarence Kehoe, Partner-in-Charge, Tax Department

    Trust formation spiked in 2012, resulting in an increased need for formal (judicial) and informal accountings. The preparation of these formal (judicial) and informal accountings is a multifaceted process. Anchin’s Trusts and Estates Services Group provides expertise and in-depth knowledge essential to successfully prepare multistate judicial accountings.

  • SEC Announces Initiative Directed at Never-Before Examined Registered Investment Advisers
    SEC Announces Initiative Directed at Never-Before Examined Registered Investment Advisers3/3/2014

    The Securities and Exchange Commission announced that its Office of Compliance Inspections and Examinations (OCIE) is launching an initiative directed at investment advisers that have never been examined, focusing on those that have been registered with the SEC for three or more years.

  • ALA - The State of State and Local Taxation and How it Impacts Your Law Firm
    ALA - The State of State and Local Taxation and How it Impacts Your Law Firm2/20/2014Steven D. Lando, CPA - Tax Partner

    PowerPoint Presentation to the Association of Legal Administrators

  • SEC Examination Priorities for 2014
    SEC Examination Priorities for 20142/12/2014

    The Securities and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations recently published the priorities of its National Exam Program (NEP) for 2014. Under this program, the SEC conducts examinations of registered entities, including broker-dealers, transfer agents, investment advisers, investment companies, the national securities exchanges, clearing agencies, self-regulatory organizations, municipal advisors, and others.

  • Important: Monitor Your 2014 Employee Headcount Carefully!
    Important: Monitor Your 2014 Employee Headcount Carefully!2/11/2014Deborah de Vries and Clarence Kehoe, Co-Practice Leaders, Compensation and Benefits Services Group

    To our Clients and Friends:

    The Patient Protection and Affordable Care Act of 2010 ("ACA"; "Obamacare") is complex legislation that affects a large percentage of employers throughout the country.

  • Senate Considering Proposal to Eliminate the Cash Basis of Accounting for Many Professional Service Firms
    Senate Considering Proposal to Eliminate the Cash Basis of Accounting for Many Professional Service Firms1/27/2014Russell Shinsky, Practice Leader, Law Firms Industry Group; Phillip Ross, Practice Leader, Architecture and Engineering Industry Group; and Clarence Kehoe, Partner-in-Charge, Tax Department

    The United States Senate is considering a proposal to eliminate the cash basis of accounting rules that currently exist for many professional service firms, potentially requiring these firms to change their tax method to the accrual basis. This change would greatly impact cash flow, and potentially hinder growth potential in professional service firms.

  • New York Non-Profit Revitalization Act of 2013
    New York Non-Profit Revitalization Act of 20131/27/2014Gary Castle, Practice Leader, Philanthropic Services Group

    The New York Non-Profit Revitalization Act of 2013 (the Act) was signed by Governor Andrew Cuomo on December 19, 2013. This act represents the first substantial reform to the New York Not-for-Profit law in more than forty years.

  • FATCA – “Ready or Not” – Online Registrations Can be Finalized and Submitted
    FATCA – “Ready or Not” – Online Registrations Can be Finalized and Submitted1/23/2014

    Under the Foreign Account Tax Compliance Act (FATCA), withholding agents must withhold tax on certain payments to Foreign Financial Institutions (FFIs) that do not agree to report certain information to the IRS about their U.S. accounts, including the accounts of certain foreign entities with substantial U.S. owners. An FFI may agree to report certain information about its account holders by registering to be FATCA compliant.

  • Will your restaurant continue to charge service charges in 2014?
    Will your restaurant continue to charge service charges in 2014?1/20/2014Greg Wank, Practice Leader, Food and Beverage Industry Group

    Starting January 1, 2014 the IRS will enforce a rule related to mandatory fixed gratuities. Any mandatory fixed gratuity collected is considered a service charge and should be treated as wages.

  • 2014 TAX CALENDAR
    2014 TAX CALENDAR1/1/2014

    This summary of when various tax-related forms, payments and other actions are due will help taxpayers make sure they don’t miss any important 2014 tax deadlines.

  • New York Law Journal Webinar: Estate & Gift Tax Planning Techniques
    New York Law Journal Webinar: Estate & Gift Tax Planning Techniques 9/16/2013

    Webinar by Stephen M. Breitstone, Esq. of Meltzer Lippe

  •  Law Firms: Why Entity Type Matters
    Law Firms: Why Entity Type Matters8/1/2013This article was published by ALANYC. Written by Anchin Partner: Russell B. Shinsky, CPA, CGMA

    Structure matters when attorneys think about setting up a new practice, merging into or acquiring another firm, or making a lateral move. The tax and financial ramifications are significantly different for each of these entities and must be evaluated as early as possible to avoid costly mistakes.

  • Rising Stars
    Rising Stars4/1/2013This article was originally published by PAM Magazine. Anchin Partner Featured: Jared Feldman, CPA - Partner

    In its inaugural ‘Rising Stars’ list, PAM details the wealth management and family office industry's brightest emerging players

  • Top Restaurant Links
    Top Restaurant Links

    Internal Revenue Service (IRS)
    www.irs.gov

    Tips – Withholding and Reporting
    http://www.irs.gov/taxtopics/tc761.html

  • 101 Ways to Steal in the Restaurant and Bar
    101 Ways to Steal in the Restaurant and Bar

    Methods Perpetrated by All Employees

    1. Employee doesn’t ring up sale and keeps cash.

    2. Short ring: Under-ring the correct price of item and pocket the difference.

    3. Serving and collecting while register is reading between shift changes.

  • CPE for CFO’s Recap - June 14, 2016
    CPE for CFO’s Recap - June 14, 2016

    Anchin’s June 2016 installment of CPE for CFO’s, held on June 14th, began with a panel of experts...


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