John Ingrassia, CPA, is a Tax Partner at Anchin as well as a member of the Firm’s Consumer Products Group. His primary areas of focus include consumer products, manufacturing and distribution, food and beverage, fashion, and technology.
John has more than 25 years of experience, including more than a decade at Big 4 accounting firms. He offers expertise in tax consulting, mergers & acquisitions tax planning, tax structuring, and tax due diligence. He provides a broad range of services for both businesses and the individual owners of businesses including compliance, consulting, and tax planning. John also offers significant technical knowledge, including advising, reviewing, and preparing tax provisions under ASC 740 (formerly FAS 109) for financial statements as well as advising, implementing, and disclosing companies' uncertain tax positions.
John is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA), serving on the C Corporation Committee. John also serves on the Turnaround Management Association Board of Directors and is a member of the Accountant/Attorney Networking Group (AANG).
- Tax Planning and Compliance
- Food and Beverage
- Manufacturing and Distribution
- Non-qualified Stock Options vs. Incentive Stock Options: Which is right for your company?November 12, 2020
Being able to attract and retain key talent can substantially aid a company’s ability to succeed and grow. There are many offerings that can appeal to key employees, and one that tends to be popular is a stock option plan. If you are looking to provide your employees with an incentive stock option (“ISO”) plan or a non-qualified stock option (“NSO”) plan, you will want to make a careful and informed choice.
- What You Need to Know about the Paycheck Protection Program (“PPP”) and the Tax Deductibility of Expenses Related to Loan ForgivenessMay 27, 2020
The PPP Loan Program offers much needed relief to qualified businesses struggling with the challenges of the COVID-19 crisis. Yet the ongoing changes to the rules for borrowing and loan forgiveness have made navigating the program and claiming benefits challenging as well. Let’s review a key topic - the taxation of both loan forgiveness and the expenses paid with PPP Loan proceeds.
- A Timely Message from Marc Federbush and Anchin’s Fashion GroupMay 26, 2020
In continuing to provide relevant and useful information with the fashion industry in mind, these pieces highlight M&A, which is widely predicted to bring about major, rapid changes in the fashion industry in the post-COVID landscape.
- The CARES Act: Commonly Asked Questions for Technology CompaniesMay 1, 2020
With Congress swiftly passing the largest economic stimulus package in history, it’s no surprise that the provisions of the CARES Act raised a significant amount of questions. In the past week alone we’ve seen more guidance and continued confusion amongst taxpayers. We hope the confusion subsides as more guidance is released over the coming days. Although we have received many questions, here are some of the most commonly asked questions we have recently discussed with technology companies.
- An Update from Anchin's Fashion Group on PPP Loans and Other ReliefApril 23, 2020
The Fashion Group at Anchin encourages you to work with professionals that have a deep understanding of the CARES act, its updates and how they provide relief to fashion businesses.
- 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.
- New Tax Law Provides Potential Deferral Opportunity for Equity Compensation Granted by Privately Held CompaniesMarch 9, 2018
The recently passed Tax Cuts and Jobs Act has attempted to cure a common problem that employees of privately held companies encounter when certain types of equity compensation convert and become income.
- Tax Cuts and Jobs Act Will Greatly Impact Consumer Product CompaniesFebruary 1, 2018
The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, brings many changes to the tax landscape in which consumer product companies operate. Here are the most important changes in the new law that will impact your business.
- Tax Cuts and Jobs Act Will Greatly Impact Food & Beverage CompaniesJanuary 22, 2018
The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, brings many changes to the tax landscape that emerging brands operate in. Here are the most important changes in the new law that will impact your business.
- Taxes for LLC vs. C-Corp: Which is more beneficial for a Technology Company?December 14, 2017
When making the decision about the type of entity you will choose for your business, there are many factors that need to be considered. Whether it is legal structure and liability, current and future tax implications, set up and compliance costs, or flexibility and exit strategy, there are a variety of elements which will help guide the decision.