What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. To simplify […]
By offering internships, firms are hoping to identify talent for potential full-time hires. Creating a mutually rewarding relationship between the firm and interns requires effective management practices. In this blog, […]
Digital Assets (DA) is defined as, “Any asset that is purely digital, or is a digital representation of a physical asset.”1 DAs are formatted into a binary source and have […]
The federal lifetime gift and estate exemption has been a hit with high net worth individuals. However, these individuals need to keep in mind that along with the federal estate […]
After your 2021 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations: 1. You can throw […]
If you have been reading Berdon blogs for any time now, you are probably familiar with use tax, the other side of sales tax. Use tax is imposed on the […]
Although cryptocurrency is not new, Bitcoin was conceptualized when Satoshi Nakamoto released the white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” in 2008, the technology and regulation of crypto is […]
This is a practical guide to navigating the main concepts associated with the pass-through entity (PTE) taxes for New York, New Jersey, and Connecticut. First, we cover some of the […]
Leading up to March 15, I spent a lot of time advising clients in connection with the pass-through entity tax (PTET) election for the 2021 tax year—whether and how to […]