Brent Lessey, CPA, MST, is a tax director in Anchin’s Food and Beverage Group. He has over 10 years of experience providing business and tax planning services to privately held companies and investors. His clientele include many emerging brands, manufacturers, distributors and retailers in the consumer products space.
Brent is a member of the Firm’s Transaction Advisory Services practice and is part of Anchin’s Economic Opportunity Zones Group.
He advises clients at every stage of their business lifecycle - from the beginning phases such as raising equity, through the high growth period and during the final exit stages of their business. He has experience performing tax due diligence services on both the buy side and sell side of a transaction, as well as in tax compliance services.
Brent is also one of the firm’s experts in complex partnership transactions, partnership allocations, §199A (Pass-through deduction), Qualified Opportunity Zones and Qualified Small Business Stock.
In addition to client responsibilities, Brent also contributes to the career development of Anchin’s professional staff through the firm’s mentorship program and leads in-house professional development CPE seminars. He is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA).
- Qualified Opportunity Zones
- Tax Planning and Compliance
- Transaction Advisory - Due Diligence
- Food and Beverage
- Manufacturing and Distribution
- What You Need to Know about Additional Opportunity Zone Relief Available due to COVID-19 PandemicJune 5, 2020
Qualified Opportunity Funds (“QOF”) and their investors have been working diligently to try and meet certain time-sensitive deadlines in order to comply with various Opportunity Zone rules. Due to the COVID-19 pandemic and the quarantine restrictions instituted by local governments, meeting these deadlines has been challenging, if not impossible. The Internal Revenue Service has released Notice 2020-39 (“the Notice”) providing much-needed relief for QOFs and their investors. The Notice provides relief for the 180 day investment requirement for QOF Investors, the 90 percent investment standard for QOFs, and the 30 month substantial improvement period. The Notice also confirms the 24-month extension of the working capital safe harbor and the 12-month extension for QOFs to reinvest certain proceeds.
- 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