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Architecture and Engineering

As Beautiful As Your Blueprints

What keeps architecture and engineering (A&E) business owners up at night? Whether it’s succession planning and developing the next generation of leaders or retaining key employees, talent is the key to all A&E firms. Anchin works with clients to develop the right plan for today and for the future. As the industry expands, opportunities for mergers or acquisitions continue to arise and business owners need proper guidance. We work closely with our clients to analyze and evaluate the business, tax and financial impact, helping them through the due diligence process, and assist them in making the right decision for them and their business.

Our tax experts help to uncover substantial tax savings for clients. Opportunities such as Research and Development (R&D) tax credits, IC-DISC, Section 179D, and others provide added value to our A&E clients. These tax savings positively impact our clients’ cash flow.

Anchin's knowledge of how a company's financial information is evaluated enables us to help clients present their statements in the most meaningful and effective manner. Anchin also works with clients to stay compliant with FAR rules and regulations which is important for companies doing public work.

Furthermore, our specialized expertise in the industry enables us to provide clients with a unique perspective on their business. Whether consulting on a merger or acquisition, reviewing internal controls and operational efficiency, developing tax strategies, or designing a succession plan, Anchin has decades of experience with deep ties to the industry.

Services include:

  • Financial reporting
  • Tax planning
  • Operational review
  • Mergers and acquisitions
  • Compensation and retirement plan alternatives
  • Estate planning
  • Tax credits and incentives
    • Research and Development tax credits
    • New York and New Jersey state credits
    • Section 179D energy tax credits
    • IC-DISC
  • Sales and use taxation
  • State and local taxation
  • International taxation
  • Federal Acquisition Regulation (FAR) audits
  • CostMarc

“Making the change to Anchin was one of the best decisions we’ve made in recent years. The Firm’s advice on accounting, tax, and general business matters has been extremely valuable to us. Anchin has been particularly helpful in identifying and realizing significant additional tax credits and deductions over the years. We consider Anchin a trusted advisor, and look forward to working together for years to come.”

-David Gockel, President & CEO, Langan Engineering & Environmental Services, Inc.

Research and Development (R&D) tax credits are a powerful though underutilized tool that can make a big difference for small to mid size architecture and engineering companies. Many recent industry innovations including BIM (Building Information Management) modeling and GPS laser plotting along with a push for more energy efficient, “greener” designs have transformed development projects within the industry. Due to the increasingly technical nature of system and structure design, many activities performed by companies in the architecture and engineering industry may qualify for R&D tax credits.

Anchin’s professionals understand the important issues that arise when examining potentially qualifying architecture and engineering industry projects and related expenses. Our industry in accurate, highly defendable tax credit calculations. Our dedicated architecture and engineering team includes audit, tax and advisory professionals with years of experience identifying issues and solving problems for every type of business within the architecture and engineering industry subsectors, including the following types of services:

  • Acoustics, noise and vibration
  • Air quality testing and evaluation
  • Building envelope design
  • Civil/site engineering
  • Demolition
  • Electrical engineering
  • Environmental assessments
  • Geotechnical and seismic evaluations
  • Hazardous materials, site assessment and remediation
  • Mechanical engineering
  • Structural engineering
  • Traffic and transportation

Anchin’s architecture and engineering industry R&D team is particularly skilled and experienced at identifying qualifying projects and initiatives in each area of your business and we are experts at examining and capturing all allowable expenses towards your company’s research credit. We work with clients interested in claiming the R&D tax credit for the first time and those who have difficulty meeting the contemporaneous documentation requirements needed to support their R&D claim. We also assist clients who have had a significant portion of their R&D claim disallowed and those who need to reassess their R&D tax credit calculation because the nature of their business has changed.

Success Stories

News

  • The NY Shield Act: It’s Time to Take Things SeriouslySeptember 16, 2020

    Effective as of March 21, 2020, New York enacted one of the most aggressive state data breach notification laws in the United States, the “Stop Hacks and Improve Electronic Data Security" (SHIELD) Act. This law applies to any person or business (even those operating outside of New York) that collects and maintains New York residents’ “private information.”

  • Social Security Tax Deferral Raises Questions and ConcernsSeptember 8, 2020

    In our previous communication, we wrote about President Trump’s executive order allowing a deferral of the employee’s portion of FICA or social security tax (6.2% of wages). The Treasury just released Notice 2020-65 providing some additional guidance on the topic. Unfortunately, many questions remain unanswered.

  • How Lenders Are Helping AEC Firms Cross COVID HurdlesSeptember 3, 2020

    Financially stable architecture, engineering and construction firms have been able to roll with work stoppages and workforce issues, says Phillip Ross of Anchin.

  • What A/E/C Firms Need to Remember About the CARES ActAugust 31, 2020

    At this point, so much has happened this year that the CARES Act may seem like old news, yet its tax provisions remain in effect and, in some cases, beyond 2020 (unless subsequent legislation changes them). Careful planning may allow architecture, engineering and construction (A/E/C) firms to fully benefit from the wide and varying tax relief offered.

  • How the New Interim Final Rule May Impact Your PPP Loan ForgivenessAugust 26, 2020

    This week, the SBA issued a new Interim Final Rule (IFR) on the Treatment of Owners and Certain Nonpayroll Costs that greatly impacts many PPP borrowers.

  • What Does the Executive Order Deferring Payroll Tax Mean For You?August 18, 2020

    President Trump recently released a memorandum on deferring the withholding, deposit and payment of the employee’s share of the 6.2% social security tax on wages paid during the period of September 1, 2020 through December 31, 2020. This deferral only applies to employees with bi-weekly pre-tax income of less than $4,000. This approximates an annual salary of $104,000. Treasury Secretary Mnuchin recently stated that participation in this program is optional for an employer. Should you participate? Here are a few concerns and considerations to help you make that decision while additional details are released.

  • Anchin Welcomes Construction Industry Tax Specialist Joseph Molloy to the Architecture & Engineering and Construction Industry GroupsAugust 18, 2020

    Joseph is the latest addition to the AEC team and will provide resources to support the team's ongoing growth. His focus on delivering timely and valuable tax strategies fits well with the breadth of tax services provided by the team, including Federal and State Tax Credits, and accounting method options.

  • How the Most Recent FAQs on PPP Loan Forgiveness May Impact YouAugust 10, 2020

    On August 4, 2020, the Small Business Administration (the “SBA”), in consultation with the U.S. Department of the Treasury (the “Treasury”), issued guidance in the form of Frequently Asked Questions (“FAQs”) on PPP Loan Forgiveness. Some longstanding questions were answered (e.g., what is transportation under utilities? See below for the answer), other questions were not, and some FAQ answers raise new questions. The FAQs are structured in four categories: (i) General Loan Forgiveness FAQs (3 in this section), (ii) Loan Forgiveness Payroll Cost FAQs (8 in this section), (iii) Loan Forgiveness Nonpayroll Costs FAQs (7 in this section), and (iv) Loan Forgiveness Reductions FAQs (5 in this section). In this outline, we will revisit how we got here and address some of the key FAQs that resolve questions related to the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).

  • INSIGHT: Taking Another Look at the Foreign-Derived Intangible Income DeductionJuly 24, 2020

    The Foreign-Derived Intangible Income (FDII) income deduction is not the simplest of calculations. Gwayne Lai, Amanda Scott, and Yair Holtzman of Anchin show how some taxpayers can use existing R&D data to get a head start.

  • U.S. Tax Court Reaffirms Architecture, Engineering and Construction Industry’s Right to Claim R&D Tax CreditsJuly 7, 2020

    Taxpayers within the Architecture, Engineering and Construction (AEC) industry received a big win from the U.S. Tax Court this past December. The Tax Court’s decision reaffirmed that AEC industry companies contracted by developers or other clients are indeed eligible to claim R&D tax credits for research activities they perform. This has long been a contentious issue between the IRS and AEC Industry taxpayers. Populous Holdings, an architectural design services company, had claimed R&D tax credits on its 2010 and 2011 tax returns totaling nearly $300,000. The IRS disallowed these claims, arguing that the research activities were funded by Populous clients who contracted with the company for its services.    

  • Paycheck Protection Program (PPP) Loan Forgiveness Interim Final Rules ReleasedJune 26, 2020

    Additional guidance has been released on the PPP Loan Forgiveness process. This guidance is critical to converting PPP Loans into the “grants” that many businesses need to survive. Carefully following the guidelines will allow you to maximize loan forgiveness.

  • Economic Injury Disaster Loans (EIDL) Portal Reopening Offers Additional Relief For BusinessesJune 23, 2020

    Last week, the Small Business Administration (SBA) resumed accepting new online applications for EIDL and related emergency grants. 

  • New EZ and Revised PPP Forgiveness Applications for the Paycheck Protection Program (PPP) ReleasedJune 18, 2020

    On June 17, 2020, the Small Business Association (SBA) in consultation with the Department of the Treasury, posted a revised PPP loan forgiveness application and instructions (Form 3508 - revised June 16, 2020), which implements the PPP Flexibility Act of 2020 that was signed into law on June 5, 2020. In addition, the SBA also published a new “EZ” version of the loan forgiveness application – Form 3508EZ.

  • Seeing Around Corners: Positioning Your Business For A Post-Lockdown Environment June 11, 2020

    Co-Managing Partner Russell B. Shinsky shares what considerations business leaders should make as the economy gradually begins to reopen.

  • The Latest Updates on the Paycheck Protection Program Flexibility Act and the Main Street Lending ProgramJune 10, 2020

    Late Monday, the SBA and Treasury issued a joint press release that was followed by a press release from the Federal Reserve (“The Fed”).

  • PPP Flexibility Act Becomes LawJune 8, 2020

    The U.S. government has enacted changes to the Paycheck Protection Program (“PPP”) including the relaxation of PPP Loan Forgiveness rules with the goal of making it easier for many businesses to qualify for loan forgiveness on a larger portion of their loans. These changes were signed into law on Friday, June 5, 2020 through the Paycheck Protection Program Flexibility Act of 2020 (PPPFA). This new legislation contains many important changes to the PPP.

  • Congress Provides Welcome Modifications to PPP In New BillJune 4, 2020

    Congress has acted to change the Paycheck Protection Program (“PPP”) including to relax PPP Loan Forgiveness rules with the goal of making it easier for many businesses to qualify for loan forgiveness on a larger portion of their loans. The extended “shutdown” of many areas begged for an extension to the forgiveness period as well as an easing of other requirements of the program. The President’s approval is still required to enact this legislation.

  • Federal Reserve Releases Further Guidance on $600 Billion Main Street Lending ProgramJune 1, 2020

    On May 27, 2020, the Federal Reserve Bank of Boston released FAQs and form documents for the Main Street Lending Program, signaling that loans under this program will be made available soon.  This Anchin Alert updates and supplements our previous Anchin Alert regarding the Main Street Lending Program issued on May 5, 2020.

  • What the PPP Forgiveness Guidelines Mean For YouMay 18, 2020

    The long awaited forgiveness procedures have been released after much delay and offer new details, yet leave many questions open. Here is an overview of what we know so far. 

  • What Partnerships and Seasonal Employers Need to Know About Requesting Additional PPP Loan AmountsMay 15, 2020

    Anchin’s COVID-19 Resource Team continues to monitor ongoing updates to the PPP Program. Borrowers need to understand how these changes and clarifications may affect their application, loans and forgiveness. Here are new updates related to partnerships and seasonal employers.

  • Important PPP Loan Update: FAQ #46 AND #47 Safe Harbor Guidance on Economic Uncertainty CertificationsMay 14, 2020

    Additional guidance has been released related to how borrowers' certification of necessity for Paycheck Protection Program (PPP) loans will be evaluated by the Treasury. This topic has caused concern among borrowers since additional restrictions and conditions have been placed on PPP loans throughout the application and borrowing process. Here is some key information to assist you.

    The Department of the Treasury (the “Treasury”) has issued further guidance to borrowers who are required to make good-faith certifications concerning the necessity of their PPP loan requests.  Since the passing of the CARES Act on March 27, 2020, the Treasury has issued 47 Frequently Asked Questions (FAQs) for PPP loans and responses. On May 13, 2020, the Treasury published FAQ #46: How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request?  The Treasury’s answer separates PPP borrowers into two groups based on their loan size: borrowers with loans less than $2 million and more than $2 million.

    In addition, the Treasury published FAQ #47 which addresses the interim final rule posted on May 8, 2020.  That rule provided that any borrower who applied for a PPP loan and repays the loan in full by May 14, 2020 will be deemed by SBA to have made the required certification concerning the necessity of the loan request in good faith.

  • Important PPP Loan Update: FAQ #46 Safe Harbor Guidance on Economic Uncertainty CertificationsMay 13, 2020

    Additional guidance has been released related to how borrowers' certification of necessity for Paycheck Protection Program (PPP) loans will be evaluated by the Treasury. This topic has caused concern among borrowers since additional restrictions and conditions have been placed on PPP loans throughout the application and borrowing process. Here is some key information to assist you.

  • An Overlooked Tax Benefit for Construction Firms: Business Interest Limitation ChangesMay 13, 2020

    The Tax Cuts and Jobs Act (TCJA) of 2017 was generally a taxpayer-friendly legislation for the business community. However, there were several provisions in that Act that were implemented as revenue raisers to partially offset the cost of those tax breaks. One of those revenue raising provisions was the business interest expense limitation. This limitation can potentially impact construction companies of all entity types. The recently passed Coronavirus Aid, Relief and Economic Security (CARES) Act modified and increased the existing 30% business interest limitation to 50% for the years beginning with 2019 and 2020.  For partnerships, this will not apply to years beginning with 2019, but only for 2020.

  • What You Need To Know About Updates to the PPP Loan ProgramMay 6, 2020

    The Treasury and the Internal Revenue Service continue to issue guidance on the PPP Loan Program and other COVID-19 relief programs. The updates have included additional FAQs, program reports and statements from the Treasury.

  • Additional Relief: Federal Reserve Releases Additional Guidance on $600 Billion Main Street Lending ProgramMay 5, 2020

    On Thursday, April 30, 2020, the Treasury Department and the Federal Reserve (the “Fed”) released updated guidance on the Main Street Lending Program, which is comprised of the Main Street Expanded Loan Facility (the “Expanded Loan” or “MSELF”), the Main Street New Loan Facility (the “New Loan” or “MSNLF), and a newly added third option, the Main Street Priority Loan Facility (the “Priority Loan” or “MSPLF”).  Together, these three facilities comprise $600 billion of funding for loans to small and mid-sized companies on favorable terms in order to provide additional COVID-19-related financial relief. 

  • IRS Update: Deductions Related to Forgiven PPP Loans Are Non-DeductibleMay 1, 2020

    Late yesterday, the Internal Revenue Service (“IRS”) issued Notice 2020-32, relating to the deductibility, for Federal Income Tax purposes, of the expenses paid with the proceeds of a PPP loan that is subsequently forgiven.  

  • What to Know About the Research & Development (R&D) Tax Credit and the IRS’ New Compliance CampaignMay 1, 2020

    The R&D tax credit can be a powerful incentive, often providing a hidden source of cash from prior years’ expenses while also serving to significantly reduce current and future years’ federal and state tax liabilities. The R&D tax credit is also a tool for refueling a company’s R&D efforts. Planning ahead by creating an infrastructure that identifies qualifying research activities and collects contemporaneous documentation is essential to reducing future tax liabilities and synthesizing an R&D tax credit that will be sustainable on audit examination. There has been a new development related to this credit. 

  • Starting the Week with Critical Updates to the SBA Paycheck Protection ProgramApril 27, 2020

    There have been additional developments over the last several days regarding the Paycheck Protection Program (PPP) and the only thing we can say with certainty is that more changes will come!

  • Shared Work Programs Can Help Employers and Employees Navigate COVID-19 Business DisruptionApril 27, 2020

    In the past few weeks, much attention has been focused on programs established as part of The CARES Act to assist employers and employees suffering from the business disruption caused by COVID-19.  In addition to the new programs that have been created, existing unemployment programs can also benefit employers and employees in managing the current environment. 

  • An Update on PPP Loan ForgivenessApril 20, 2020

    The CARES Act provides that PPP loans can be forgiven, on a federally tax-free basis, up to 100% of the amount borrowed if the company meets certain criteria.

  • Anchin Architecture, Engineering & Construction Groups UpdateApril 17, 2020

    Additional Guidance from SBA expands Eligibility Criteria for Partners & Self-Employed Individuals

    There are several updates to guidance on the PPP Loan Program that Architecture, Engineering, and Construction companies should take note of.

  • Important Reminder – Update Your Calendar For New Tax DatesApril 14, 2020

    The COVID-19 pandemic has changed so much about our personal and financial lives. One item to keep in mind is that the Internal Revenue Service, along with most states, have changed the due date for filing income tax returns and paying your balances for 2019, as well as your 1st and 2nd quarter estimated tax payments for 2020.

  • Additional Business Relief: Federal Reserve Releases Guidance on $600 Billion Main Street Lending ProgramApril 13, 2020

    On Thursday, April 9, 2020, the Treasury Department and the Federal Reserve (the “Fed”) released details of the Main Street Lending Program, which is comprised of the Main Street Expanded Loan Facility (the “Expanded Loan Facility”) and the Main Street New Loan Facility (the “New Loan Facility”).  Together, these two facilities will make up to $600 billion of funding available for loans to small and mid-sized companies on favorable terms in order to provide additional COVID-19-related financial relief.  The Main Street Lending Program should provide much-needed liquidity to businesses that may not have qualified for a PPP loan under the CARES Act by having a special purpose vehicle created by the Fed purchase 95% of each loan from eligible lenders made under this program through September 30, 2020.    

  • Important Guidance on Calculating PPP Loan Forgiveness and Related Documentation RequirementsApril 13, 2020

    Now that many eligible companies have applied for a PPP loan, and some have started to receive their loan proceeds, it is time to turn our attention to the rules for loan forgiveness. 

  • PPP Clarifications from Treasury DepartmentApril 7, 2020

    The Treasury Department has released FAQs providing further clarification of the PPP loan program.  We suggest that you review this update carefully to determine how it may affect your application and the calculation of your loan amount.

  • SBA Issues Interim Final Rule on PPP Loan ProgramApril 3, 2020

    Last evening, the Treasury Department issued its first formal Rule related to the PPP Loan Program created by the CARES Act.  In it, the SBA has waived the comment period and the normal 30-day delayed effective date, making this Rule effective immediately.  The Interim Final Rule clarifies certain key components while other items remain unclear. Borrowers will need to carefully evaluate direction from the CARES Act, the Interim Final Rule and the Loan Application Instructions to determine the position that best fits their circumstances.

  • PPP Loan Update – Urgent MatterApril 2, 2020

    There are several areas of the PPP loan application process that are uncertain and that may require additional guidance. Until the Treasury and/or lenders provide additional clarification, business owners must evaluate whether they are able to file accurate applications which maximize benefits.

  • Treasury Provides Clarity on the Paycheck Protection Loan ProgramApril 1, 2020

    Further clarity from the Treasury Department was released yesterday on the PPP Loan Process.

  • Navigating Uncharted Waters: Responding to the Business Impact of COVID-19March 31, 2020

    While all organizations are in uncharted waters in dealing with the resulting economic turmoil, professional firms such as ours have a responsibility to help clients navigate through the crisis. Many businesses have addressed the immediate needs created by the pandemic: implementing remote workplace regimens, revising paid-time-off and other policies to assist employees, enacting customer support programs, etc. Having addressed the most urgent needs, it is now time to focus on issues that pose an existential threat to long-term business continuity and viability. Here is some advice that we’re sharing with our firm’s clients.

  • Understanding How the Paycheck Protection Loan Program Can Provide Support For Your BusinessMarch 31, 2020

    On Friday, March 27, 2020, The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), a $2 trillion stimulus bill, was signed into law. The CARES Act allocated approximately $350 billion to help small businesses keep workers employed and cover certain expenses while dealing with the impact the pandemic has had on the United States’ economy and its citizens’ health.  The CARES Act established the Paycheck Protection Program (“PPP”) that enables qualifying small businesses to borrow up to $10 million.  These loans are eligible to be forgiven, if the loan proceeds are used pursuant to criteria as defined in the CARES Act, and other requirements are met.  Loans are available to eligible borrowers under this program through June 30, 2020.  The CARES Act requires the Small Business Association (SBA) to draft regulations around implementation including a list of lenders regarding these loans.  In addition, businesses who have taken out SBA Economic Injury Disaster Loans have further considerations as discussed here.

  • Introducing Anchin’s COVID-19 Resource TeamMarch 30, 2020

    To assist you with evaluating the broad range of programs now available, we have established the Anchin COVID-19 Resource Team, a coordinated group of experienced professionals that will work alongside your engagement teams, in claiming the benefits you need to meet your cash flow, maintain your workforce and handle other critical challenges.

  • Senate Approves Over $2 Trillion in Relief to Ease Economic HardshipMarch 26, 2020

    The Senate finally approved legislation providing over $2 trillion of relief designed to ease the hardship caused by the coronavirus outbreak. This legislation still requires approval from both the House and President. Approval from both is expected over the next few days.

  • Coronavirus Stimulus Act UpdateMarch 25, 2020

    Congress and the White House have agreed on a comprehensive package of relief for business, individuals, state and local governments and hospitals. The proposed package is still pending subject to a vote by the House and Senate, and approval by the President.

  • COVID-19 Guidance for the Architecture & Engineering and Construction IndustriesMarch 25, 2020

    The impact of the coronavirus has affected nearly every industry, and the A/E/C sectors are no exception. Although essential construction is exempt from the workforce order that Governor Cuomo announced on Friday, it is likely that there may be jobs shutting down or slowing down in the near future.

  • Anchin Discusses What’s Next in Real Estate and Construction With Distinguished Industry Leaders at Future Forward 2020February 4, 2020

    Anchin hosted its 6th annual industry-leading forum, Future Forward 2020: What’s Next for New York Real Estate and Construction, on February 4 at the Sheraton New York Times Square Hotel. The half-day conference brought together leading real estate owners and developers, construction executives and other key business decision-makers to discuss the rapidly transforming New York City market.

  • Anchin ranked as a Top 50 Construction Accounting Firm by Construction ExecutiveJuly 26, 2019

    Anchin has been ranked as a Top 50 Construction Accounting Firm by Construction Executive Magazine recognizing the quality of Anchin's Construction Industry Group.

  • Meet the Anchin R&D Tax Credits Team: Yair HoltzmanJanuary 29, 2019

    As the Research & Development (“R&D”) Tax Credits Group Practice Leader, I am responsible for the leadership, strategic focus and business performance of the group. In this role, I oversee the R&D group’s growth, vision, diversification and development.

  • Industry Spotlight – Architecture, Engineering & ConstructionJanuary 29, 2019

    Architecture, engineering, and construction (“AEC”) firms frequently invest substantial resources to advance and improve building designs and processes. When contractors, architecture and engineering professionals develop and design new and innovative techniques, their activities may qualify for the R&D tax credit. As a result of unique project aspects and ever-changing structure and energy codes, many projects that appear similar on the surface are, in fact, at least partially new or improved with respect to function or performance.

  • Avoiding Double Taxation from Selling a C-Corp – Not Easy but PossibleOctober 15, 2018

    When the owner of a C-Corporation sells their business for a profit, the profits will be taxed twice: once at the corporate level and again when money is distributed to the owner/shareholders as a dividend. However, in some circumstances there may be a way to avoid the double taxation. It’s a difficult strategy to pull off but could be possible under the right conditions.

  • Finally Some Digestible Meal and Entertainment GuidanceOctober 3, 2018

    On October 3rd, the Internal Revenue Service released Notice 2018-76 providing transitional guidance on how the Tax Cuts & Jobs Act changes to the deductibility of Entertainment expense affects the 50% deductibility of business Meals that taxpayers and professionals had been hungering for. While the guidance is transitional, it provides clarity on some of the issues we had previously provided comments on:

  • Industry Experts Address NYC Transportation and Infrastructure at Anchin’s 13th Annual State of the Construction Industry Event October 2, 2018

    On Friday, September 28, leading New York City based construction accounting, tax and consulting firm Anchin hosted its 13th annual State of the Construction Industry Conference, “Building the Future: The Evolution and Impact of Transportation and Beyond,” at the Yale Club in midtown Manhattan.

  • Industry Leaders and Rising Stars Honored at Anchin’s 11th Annual New York Construction Awards June 14, 2018

    Leading businesses in the construction industry were recognized and honored at the 11th Annual New York Construction Awards, hosted by leading NYC-based accounting, tax and consulting firm Anchin on Thursday, June 14th at Club 101 in midtown Manhattan.

  • Maximizing Profits When Redeveloping BuildingsFebruary 26, 2018

    At the Anchin Construction & Development Forum, real estate experts shared tips on getting the highest return on investment when repurposing old buildings.

  • Anthony Mann Offers Insight During Panel Discussion On New York's Infrastructure NeedsFebruary 20, 2018

    E-J Electric President & CEO Anthony E. Mann spoke at the 4th Annual Anchin Construction & Development Forum on Thursday, February 15, 2018.

  • SL Green Realty CEO Says NYC’s Next Frontier Is VerticalFebruary 16, 2018

    The Anchin Construction & Development Forum keynote speaker Marc Holliday emphasizes One Vanderbilt salutes the success of New York.

  • Anchin Construction & Development Forum 2018February 15, 2018

    The fourth annual Anchin Construction & Development Forum was held on February 15, 2018 at The New York Academy of Sciences. 

  • Tax Cuts and Jobs Act Substantially Limits Meals and Entertainment DeductionFebruary 14, 2018

    The 2017 Tax Cuts and Jobs Act introduced some significant limitations to the meals and entertainment deduction. The new law makes two major changes to the meals and entertainment rules, which can impact your business.

  • Tax Cuts and Jobs Act Offers Favorable Tax Breaks for BusinessesDecember 28, 2017

    The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, contains a treasure trove of tax breaks for businesses. Overall, most companies and business owners will come out ahead under the new tax law, but there are a number of tax breaks that were eliminated or reduced to make room for other beneficial revisions. Here are the most important changes in the new law that will affect businesses and their owners.

  • The Tax Cuts and Jobs Act Doesn’t Cut the R&D Tax CreditDecember 27, 2017

    On December 22nd, President Trump signed the Tax Cuts and Jobs Act of 2017 (“TCJA”) into law, setting the stage for the most sweeping update to the U.S. tax code since 1986 tax reform enacted under President Reagan.  The centerpiece of the TCJA, is a permanent reduction in the corporate tax rate from approximately 35% to 21%. Thankfully, as expected, the final law has preserved the research and development (“R&D”) tax credit, which was made permanent in the Protecting Americans against Tax Hikes (“PATH”) Act of 2015. 

  • Tax Bill Impacts A/E/C IndustriesDecember 22, 2017

    Today, President Trump has signed into law the “Tax Cuts and Jobs Act of 2017” (TCJA). The bill contains many provisions that will significantly impact the construction, architecture, and engineering industries.

  • Congress passes biggest tax bill since 1986December 21, 2017

    On December 20, the House passed the reconciled tax reform bill, commonly called the “Tax Cuts and Jobs Act of 2017” (TCJA), which the Senate had passed the previous day. It’s the most sweeping tax legislation since the Tax Reform Act of 1986. The bill makes small reductions to income tax rates for most individual tax brackets, significantly reduces the income tax rate for corporations and eliminates the corporate alternative minimum tax (AMT).

  • Compare and Contrast the House and Senate Tax BillsNovember 14, 2017

    Many of the House and Senate provisions are similar. For example, both plans would repeal the alternative minimum tax and retain the charitable contribution deduction. However, there are a number of key differences. Here’s a look at some of the most significant.

  • Senate GOP Releases Tax Reform PlanNovember 14, 2017

    The Senate released its long awaited tax reform proposal. While many similarities exist with the House bill many differences also exist. Here are a few observations.

  • House Proposal Would Change Long Term Contract MethodNovember 3, 2017

    Yesterday, the House Republicans released their proposal for tax reform. The House Bill proposes to increase the $10 million average gross receipts exception to the requirement to use the percentage-of-completion accounting method for long-term contracts to $25 million for tax years beginning in 2018.

  • U.S. Research and Development Tax CreditOctober 30, 2017

    Yair Holtzman, Leader of Anchin's Research and Development Tax Credits Group, explains how the credit works and shares his findings on the impact of the PATH Act.

  • Year-End Tax Planning for Businesses: Looming Tax Reform Creates Planning ChallengesOctober 30, 2017

    As the end of 2017 approaches, the prospect of dramatic tax reform makes year-end tax planning especially challenging. In late September, the Trump administration and Republican congressional leaders unveiled their Unified Framework for Fixing Our Broken Tax Code. The framework proposes reduced tax rates for businesses as well as changes to a variety of business tax benefits. But there’s a great deal of uncertainty over when — and if — tax reform will be implemented and which proposals could make their way into possible new tax legislation.

  • Five Things to Know About the Future of Public Transportation in New York CityOctober 18, 2017

    As presented by keynote speaker, Veronique (Ronnie) Hakim, Managing Director of Metropolitan Transportation Authority at Anchin’s 12th Annual State of the Construction Industry Event

  • Four Key Takeaways From Anchin's State Of The Construction Industry EventOctober 16, 2017

    The annual Anchin State of the Construction Industry event brought together major players in the construction community to discuss issues impacting the sector in New York City. Here, [Tarter Krinsky & Drogin LLP] Construction partner Laurie Stanziale explores some of the conference's key takeaways.

  • Anchin Announces Winners of 2017 New York Construction AwardsJune 22, 2017

    Anchin Block & Anchin LLP, host of the annual New York Construction Awards, awarded innovators, leaders and rising stars in the construction, architecture and engineering industries on June 14, 2017. This year’s winners were announced at an elegant ceremony at Bloomberg L.P. in New York City.

  • Anchin Announces Winners of 2017 New York Construction AwardsMay 24, 2017

    Anchin Block & Anchin LLP, host of the annual New York Construction Awards, has announced this year's winners.

  • Call for EntryMarch 1, 2017

    Nominations are open for the annual New York Construction Awards, presented by Anchin in cooperation with the New York Building Congress (NYBC) and industry partners, the American Council of Engineering Companies of New York (ACEC-NY) and the General Contractors Association of New York (GCA).

  • Five Technology Innovations SharedFebruary 9, 2017

    At the 2017 Anchin Construction & Development Forum, Mark Boekenheide of Hudson Yards, Jonathan Drescher of The Durst Organization, James Hannah of Bright Power, AJ Pires of Alloy, Peter Rosenthal of Savanna and Mitchel Simpler of Jaros, Baum & Bolles discussed the exciting and often risky topic of innovation as it relates to construction, design and development in and around NYC.

  • Anchin Construction & Development ForumFebruary 9, 2017

    The third annual Anchin Construction & Development Forum was held on February 9, 2017 at the TKP New York Conference Center. Hundreds of incredible, high-level professionals whose work greatly impacts the real estate, construction, architecture and engineering landscapes of the greater New York City area, came together to discuss trends, forecasts, ideas, innovations and other relevant topics.

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

  • Anchin announces Paul Williams of the Dormitory Authority State of New York as Keynote Speaker for the New York Construction Awards on June 19, 2014May 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.

  • Court Case Impacts Eligibility of Capped Contracts for R&D Tax CreditsFebruary 16, 2015

    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.

  • Does Your Firm Have A Self-Insured Health Plan?November 25, 2014

    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.

  • Trends and Forecasts for New York’s Construction Industry Discussed at Anchin’s Ninth Annual State of the Construction Industry EventOctober 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.

  • Speakers Announced for Anchin’s Annual Construction Industry EventAugust 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.

  • Tax Incentives for U.S. Work on Foreign ProjectsJuly 28, 2014

    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.

  • The New York Construction Awards Honors Construction, Architecture & Engineering Industry Innovators, Leaders & Rising StarsJune 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.

  • Senate Considering Proposal to Eliminate the Cash Basis of Accounting for Many Professional Service FirmsJanuary 27, 2014

    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.

  • COVID-19 Update Center

    The Anchin COVID-19 Update Center is available to simplify your access to critical financial information. It is updated regularly to supplement your communications with your…

  • How Does Tax Reform Impact You?

    6 Recent Tax Law Changes That Technology Companies Need to Know07/25/2019 Automatic Extension Available for Making Portability Election1/31/2019 What Should Businesses Know About Qualified Opportunity Zones?1/15/2019 How Can…

Events

Whitepapers

Photo Galleries

Videos

  • Phillip Ross, Leader of Anchin's Architecture and Engineering Industry GroupMay 9, 2020

    Phillip Ross shares how his group's value-added expertise differentiates it in the marketplace. 

  • Sustainability Award - Marvel ArchitectsJune 12, 2019

    Congratulations to Jonathan Marvel and Marvel Architects on being awarded the Sustainability Award at the 2019 New York Construction Awards hosted by Anchin!

  • Rising Star Award - Eastman Cooke ConstructionJune 12, 2019

    Congratulations to Peter Morandi and Eastman Cooke Construction on being awarded the Rising Star Award at the 2019 New York Construction Awards hosted by Anchin!

  • Legacy Award - Alexander Wolf & SonJune 12, 2019

    Congratulations to Peter Bernstein and Alexander Wolf & Son on being awarded the Legacy Award at the 2019 New York Construction Awards hosted by Anchin!

  • Industry Impact Award - DeSimone Consulting EngineersJune 12, 2019

    Congratulations to Stephen DeSimone and DeSimone Consulting Engineers on being awarded the Industry Impact Award at the 2019 New York Construction Awards hosted by Anchin!

  • Where are they now? A Video LookbackJune 15, 2018

    A look back at past honorees of the New York Construction Awards, presented by Anchin. 

  • Industry Impact Award - Evergreene Architectural ArtsJune 14, 2018

    Congratulations to Matthew Martin and Evergreene Architectural Arts on being awarded an Industry Impact Award at the 2018 New York Construction Awards hosted by Anchin!

  • Legacy Award - Syska Hennessey GroupJune 14, 2018

    Congratulations to Cyrus Izzo and Syska Hennessey Group on being awarded a Legacy Award at the 2018 New York Construction Awards hosted by Anchin!

  • Legacy Award - HLW InternationalJune 14, 2018

    Congratulations to John Gering and HLW International on being awarded a Legacy Award at the 2018 New York Construction Awards hosted by Anchin!

  • Rising Star Award - Bright PowerJune 14, 2018

    Congratulations to Jeffrey Perlman and Bright Power on being awarded a Rising Star Award at the 2018 New York Construction Awards hosted by Anchin!

  • Rising Star Award - Amaracon Testing and InspectionsJune 14, 2018

    Congratulations to Connie Zambianchi and Amaracon Testing and Inspections on being awarded a Rising Star Award at the 2018 New York Construction Awards hosted by Anchin!

  • Anchin Webinar: Tax Reform for the Architecture, Engineering and Construction IndustriesFebruary 5, 2018

    In this recorded webinar, Anchin assembled a panel of tax professionals from our Architecture, Engineering and Construction Industry Group to specifically address issues relevant to the A/E/C industry.

  • Legacy Award - PosillicoJune 14, 2017

    Congratulations to Joseph Posillico and Posillico on being awarded a Legacy Award at the 2017 New York Construction Awards hosted by Anchin!

  • Industry Impact Award - SHoP ArchitectsJune 14, 2017

    Congratulations to Coren Sharples and SHoP Architects on being awarded an Industry Impact Award at the 2017 New York Construction Awards hosted by Anchin!

  • Legacy Award - Thornton TomasettiJune 14, 2017

    Congratulations to Gary Mancini and Thornton Tomasetti on being awarded a Legacy Award at the 2017 New York Construction Awards hosted by Anchin!

  • Rising Star Award - Adler WindowsJune 14, 2017

    Congratulations to Ross Adler and Adler Windows on being awarded a Rising Star Award at the 2017 New York Construction Awards hosted by Anchin!

  • Rising Star Award - Triumph ConstructionJune 14, 2017

    Congratulations to Dominick Cuzzi and Triumph Construction on being awarded a Rising Star Award at the 2017 New York Construction Awards hosted by Anchin!

  • Industry Impact Award - Deborah Bradley ConstructionJune 14, 2017

    Congratulations to Deborah Bradley and Deborah Bradley Construction on being awarded an Industry Impact Award at the 2017 New York Construction Awards hosted by Anchin!

  • Solving Human Capital Issues In The Construction IndustryJune 6, 2017

    Anchin Associate Managing Partner Marc Newman discusses human capital issues and the importance of retaining key talent in the architecture, engineering and construction industries, offering steps that companies can take to incentivize talent to remain with the firm.

  • Succession Planning for Architecture and Engineering FirmsJune 3, 2017

    Anchin Partner Phillip Ross, Architecture and Engineering Group Practice Leader, discusses considerations that A&E firms should focus on when planning for the succession or transition of the business.

  • Key Employee Retention Strategies For The Construction IndustryMay 17, 2017

    Anchin Associate Managing Partner Marc Newman discusses strategies for key employee retention in the architecture, engineering and construction (AEC) industries.

  • Industry Impact Award - LanganJune 14, 2016

    Congratulations to Bill Kraekel and Langan on being awarded an Industry Impact Award at the 2016 New York Construction Awards hosted by Anchin!…

  • Legacy Award - Allstate SprinklerJune 14, 2016

    Congratulations to Adam Goodrich and Allstate Sprinkler on being awarded a Legacy Award at the 2016 New York Construction Awards hosted by Anchin!…

  • Industry Impact Award - FXFOWLEJune 14, 2016

    Congratulations to Guy Geier and FXFOWLE on being awarded an Industry Impact Award at the 2016 New York Construction Awards hosted by Anchin!…

  • Legacy Award - The DeMatteis OrganizationsJune 14, 2016

    Congratulations to Scott DeMatteis and The DeMatteis Organizations on being awarded a Legacy Award at the 2016 New York Construction Awards hosted by Anchin!…

  • Welcome and KeynoteJune 14, 2016

    At the 2016 New York Construction Awards, Phillip Ross, Partner at Anchin, Block & Anchin LLP, welcomed attendees and Richard T. Anderson, President of the…

  • Industry Impact Award - AKRFJune 14, 2016

    Congratulations to Andrew Malek and AKRF on being awarded an Industry Impact Award at the 2016 New York Construction Awards hosted by Anchin!…

  • Rising Star Award - ICRAVE June 14, 2016

    Congratulations to Lionel Ohayon and ICRAVE on being awarded a Rising Star Award at the 2016 New York Construction Awards hosted by Anchin!…

  • Rising Star Award - International Asbestos RemovalJune 14, 2016

    Congratulations to Chris Grando and International Asbestos Removal on being awarded a Rising Star Award at the 2016 New York Construction Awards hosted by Anchin!…

  • Architects & Engineers February 7, 2016

    Anchin, Block & Anchin LLP Partner Phil Ross talks about Architects & Engineers.…

  • Outstanding MWBE Award - Melcon General Contractors July 7, 2015

    Congratulations to Eric Mendoza and Melcon General Contractors on being awarded an Outstanding MWBE Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Industry Impact Award - Dattner ArchitectsJuly 7, 2015

    Congratulations to Jeffrey Dugan and Dattner Architects on being awarded an Industry Impact Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Industry Impact Award - Perkins Eastman July 7, 2015

    Congratulations to Mary-Jean Eastman and Brad Perkins of Perkins Eastman on being awarded an Industry Impact Award at the 2015 New York Construction Awards hosted…

  • Legacy Award - John Gallin & SonJuly 7, 2015

    Congratulations to Michael Gallin and John Gallin & Son on being awarded a Legacy Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Legacy Award - Jaros, Baum & BollesJuly 7, 2015

    Congratulations to Mitch Simpler and Jaros, Baum & Bolles on being awarded a Legacy Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Industry Impact Award - Syska HennesseyJuly 7, 2015

    Congratulations to Mark Yakren and Syska Hennessey on being awarded an Industry Impact Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Legacy Award - Henegan Construction July 7, 2015

    Congratulations to Maureen Henegan and Henegan Construction on being awarded a Legacy Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Rising Star Award - Dixon AdvisoryJuly 7, 2015

    Congratulations to Rebecca Symes and Dixon Advisory on being awarded a Rising Star Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Outstanding Public Service Award - Turner ConstructionJuly 7, 2015

    Congratulations to Stephanie Burns and Turner Construction on being awarded an Outstanding Public Service Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Outstanding Public Service Award - FXFOWLE July 7, 2015

    Congratulations to Guy Geier and FXFOWLE on being awarded an Outstanding Public Service Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Outstanding Public Service Award - BWAF July 7, 2015

    Congratulations to Beverly Willis and the Beverly Willis Architecture Foundation on being awarded an Outstanding Public Service Award at the 2015 New York Construction Awards…

  • Rising Star Award - ODA July 7, 2015

    Congratulations to Eran Chen and ODA on being awarded a Rising Star Award at the 2015 New York Construction Awards hosted by Anchin!…

  • Outstanding Public Service Award - Gilsanz Murray Steficek June 25, 2014

    Congratulations to Jessica Mandrick and Gilsanz Murray Steficek for being awarded an Outstanding Public Service Award at the 2014 New York Construction Awards hosted by…

  • Outstanding Public Service Award - Jaros Baum & Bolles June 25, 2014

    Congratulations to Mitch Simpler and Jaros Baum & Bolles for being awarded an Outstanding Public Service Award at the 2014 New York Construction Awards hosted…

  • Rising Star Award - HAKS June 25, 2014

    Congratulations to Lee Sander and HAKS on being awarded a Rising Stars Award at the 2014 New York Construction Awards hosted by Anchin!…

  • Legacy Award - Hardesty & HanoverJune 25, 2014

    Congratulations to Charles Gozdziewski and Hardesty & Hanover for being awarded a Legacy Award at the 2014 New York Construction Awards hosted by Anchin!…

  • Legacy Award - Wank Adams Slavin Associates LLPJune 25, 2014

    Congratulations to Harry Spring and WASA/Studio A (Wank Adams Slavin Associates LLP) for being awarded a Legacy Award at the 2014 New York Construction Awards…

  • Outstanding MWBE Award - AFG GroupJune 25, 2014

    Congratulations to Cheryl O'Connor and AFG Group for being awarded an Outstanding MWBE Award at the 2014 New York Construction Awards hosted by Anchin!…

  • Industry Impact Award - Robert A. M. Stern ArchitectsJune 25, 2014

    Congratulations to Paul Whalen and Robert A. M. Stern Architects for being awarded an Industry Impact Award for Design at the 2014 New York Construction…

  • Industry Impact - Thornton Tomasetti June 25, 2014

    Congratulations to Robert Descenza, PE and Thornton Tomasetti for being awarded an Industry Impact Award for Design at the 2014 New York Construction Awards hosted…

  • Industry Impact Award - SL Green Realty Corp June 24, 2014

    Congratulations to Ed Piccinich and SL Green Realty Corp for being awarded an Industry Impact Award for Development at the 2014 New York Construction Awards…

  • Industry Impact Award - Turner Construction June 24, 2014

    Congratulations to Charlie Murphy and Turner Construction for being awarded an Industry Impact Award at the 2014 New York Construction Awards hosted by Anchin!…

  • Legacy Award - Wank Adams Slavin Associates LLPJune 24, 2014

    Congratulations to Jack Esterson and WASA/Studio A (Wank Adams Slavin Associates LLP) for being awarded a Legacy Award at the 2014 New York Construction Awards…

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