Fred Ackerman, CPA, CGMA, is an accounting and audit partner at Anchin and is a member of the Firm’s Architecture and Engineering Industry Group as well as its Construction Industry Group. With more than 25 years of experience, Fred serves the accounting, business and financial needs of companies in the architecture and engineering, construction, and real estate industries. Fred's clients range from early stage companies to mature companies. He has assisted many clients with proactive tax planning, mergers and acquisitions, and securing financing. He oversees some of the largest A/E/C audit engagements at the firm. Fred is also a part of the Firm's Cost Segregation Services Group.
Fred is often recognized for the personal attention and service he provides his clients. He has become an integral member of his clients’ advisory teams, providing substantial value and industry expertise. Fred 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
- Manufacturing and Distribution
- Real Estate
- 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.
- 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.