David S. Rubin
David Rubin, CPA, CGMA, is an accounting and audit director at Anchin with over 30 years of experience. He has become known for the high level of personal service and keen business insight that he brings to his clients. David has advised on a wide range of issues, including partnership agreements, succession planning, personal and business tax planning, and more. Clients continue to find him extremely responsive in his approach to satisfying their business needs.
David has developed particular expertise in professional service firms with the likes of physicians and attorneys, as well as the architecture and engineering industries. David has served some of the largest engineering firms in the area for more than a decade; he is a prominent member of Anchin’s Architecture & Engineering Industry Group and the Law Firms Industry Group.
David is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA).
- Accounting and Auditing
- Architecture and Engineering
- Law Firms
- Public Relations and Advertising
- Real Estate
- 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.
- Hedge Funds and Private Equity Firms Deemed Ineligible for PPP Loans by SBAApril 27, 2020
The same day that legislation (April 24th) increasing funding by $310 billion for the Paycheck Protection Program (“PPP”) was signed into law, the Treasury Department issued a new Interim Final Rule. This Final Rule clarified certain types of businesses that are eligible for PPP loans. Specifically, the Treasury has determined that hedge funds and private equity firms are ineligible businesses for purposes of PPP.