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Financial Services Coffee Chat: Year-End Tax PlanningDecember 7, 2021

We would like to invite you to our virtual panel event on Financial Services tax planning. As we move closer to year end, the possibility of the tax law changes we’ve notified you about become a nearer possibility. Planning is somewhat challenging since we still do not know exactly what those law changes will look like, but we are here to help answer any questions you may have. Read More

Financial Services Coffee Chat: Year-End Tax Planning
Build Back Better – The House Version
Build Back Better – The House Version
November 23, 2021Joseph Molloy, CPA - Partner

The Build Back Better Act (BBBA) was passed by the U.S. House of Representatives on Friday, November 19, 2021. The bill is expected to undergo changes when it reaches the Senate. Nevertheless, here are some highlights of the tax changes from the House’s version of the bill that taxpayers should be aware of. Read More

Build Back Better – The House Version
Pressure to De-SPAC Raises Due Diligence Concerns
Pressure to De-SPAC Raises Due Diligence Concerns
November 18, 2021Lami Ajibesin, Managing Director and Practice Leader, Anchin Transaction Advisory Services

As we get closer to the end of 2021, we are beginning to see the pros and cons of utilizing SPACs as an avenue to launch successful publicly traded companies and generate returns for investors. Read More

Pressure to De-SPAC Raises Due Diligence Concerns

  • Employee Retention Credit (ERC) to Die a Premature Death11/12/2021Joseph Molloy and Martin Arking

    The ERC, which was originally scheduled to expire on December 31, 2021, will now retroactively end on September 30th under the Infrastructure Investment and Jobs Act which has passed Congress and will most likely be signed into law by President Biden. The ERC, enacted in the early stages of the COVID-19 pandemic to aid businesses impacted by shutdowns and closures to retain their employees, is a refundable tax credit against certain employment taxes on qualified wages.

  • First-Year Audits of Real Estate Investment Funds – What You Need to Know11/9/2021

    Companies often view audits of financial statements as stressful and overwhelming, especially if they are being audited for the first time. The audit process, regardless of the size of the entity being audited, includes extensive procedures that the auditors are required to perform to provide an opinion on the entity’s financial statements. Understanding the audit process and developing a collaborative relationship with your auditors will lead to a more effective and efficient first-year process. Outlined below are several items to consider. 

  • Real Estate Fund Valuations: Understanding Auditors’ Expectations and Avoiding Pitfalls in the Process 11/5/2021

    As you look to begin your real estate fund, keep in mind that the valuation of investments held by the fund comprise a key component of the annual financial statement requirements pursuant to generally accepted accounting principles (GAAP). is. These valuations are more than just an audit compliance responsibility; they are a way to provide investors with confidence in their investments and serve as an indicator of the fund’s performance. As you navigate the valuation process, it is important to manage expectations with your auditors in order to avoid many of the common valuation process pitfalls which can hinder the audit process, increase costs and delay the release of financial statements. Here are some expectations along with items to watch out for as you begin the asset valuation process.

  • Anchin Admits Four to Partnership and Announces Promotions to Director and Senior Manager11/4/2021

    We are pleased to announce the promotions of eleven professionals. Four professionals have been promoted to Partner, two to Director and five to Senior Manager effective October 1, 2021. 

  • What organizations need to know about unemployment fraud10/29/2021Originally Published by the Journal of AccountancyAnchin Principal Quoted: Brian Sanvidge 

    Brian Sanvidge, Leader of Anchin's Regulatory Compliance and Investigations Practice, sat down with the Journal of Accountancy to discuss what organizations need to know about unemployment fraud and how to prevent falling victim to it.

  • Health insurance cost increases jump back to pre-pandemic pace10/28/2021Originally Published by Newsday Quoting Anthony Millaci, CEO of CostMarc Consulting Group

    Anthony Millaci spoke with Newsday about rising health insurance costs, and how some businesses are joining Professional Employer Organizations to keep costs down. 

  • Cyber Criminals Are Targeting High Net Worth Clients, Family Offices and Corporate Executives – What Can You Do to Protect Yourself?10/28/2021

    As individuals continue to work from home, the cybersecurity risks have only gotten greater as home networks tend to be less secure than the ones employees use in-office.

  • How to Recognize if Your Fund Is Missing Opportunities10/21/2021

    This is the second article in a series that describes the wide assortment of services that Anchin’s Financial Services team covers – focusing on consulting.

  • Are You Ready? Key Planning Opportunities in Anticipation of Upcoming Tax Changes10/20/2021

    Here are some thoughts to consider (although note that some items mentioned are based on the draft bill released by the House Ways and Means Committee on September 13th).

  • What You Need to Know About Remote Work and Sales Tax10/19/2021Alan Goldenberg, State and Local Tax Principal

    We discuss some of the obstacles companies with remote employees confront when addressing their sales tax obligations in states in which they have not previously operated.


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