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HOT TOPICS / INSIGHTS Client Alerts

Hot Topics / Insights

May192022
2022 PTET Election Deadline Extended – A Second Bite at The Apple

BERDON STATE & LOCAL TAX TEAM 5.19.22 | Client Alert New York Governor Hochul signed into law amendments to the previously enacted changes to the New York State Pass-Through Entity […]

April282022
NYS 2022-2023 Budget Covers a Broad Field: Expanded NY PTET, New NYC PTET, Extended Brownfield Credits, Middle Class Tax Cut, Small Business Relief, & More

BERDON STATE & LOCAL TAX TEAM 4.28.22 | Client Alert On April 9, 2022, New York Governor Kathy Hochul signed the State’s fiscal year 2022-2023 budget bill into law. Below […]

April202022
Basic Guide to Family Business Succession Planning

Mark Bosswick, CPA, J.D., LL.M. 4.20.22 | Berdon Vision Succession plans are designed as either a planned exit strategy or a business strategy to ensure that a business survives and […]

April012022
Proposed Minimum Income Tax on Super High Net Worth Individuals

BERDON TAX TEAM 4.1.22 | Client Alert Premise: Beginning in 2023, individuals with a net worth in excess of $100 million would pay a minimum annual income tax of 20% […]

March242022
Inherited IRAs Less Generous Per New IRS Guidance

Berdon Personal Wealth Services Team 3.24.22 | Client Alert At the end of 2019, the Secure Act (“the Act”) introduced the 10-year rule, requiring most non-spouse designated beneficiaries (non-eligible designated […]

March212022
New Hire Reporting to NYS Extended to Some Independent Contractors

Berdon State and Local Tax Team 3.21.22 | Client Alert Effective January 1, 2022, employers are required to report individuals under an independent contractor arrangement with contract(s) in excess of […]

March032022
Ukraine-Russia Conflict Demands Heightened Cybersecurity Vigilance

Clifford Forrester, CIO 3.3.22 | Client Alert The Ukraine-Russia conflict has raised the very real possibility of reprisal cyberattacks by Russian government-sponsored threat groups and threat actors with a pro-Russia […]

March022022
Important March 15 Deadline for 2021 and 2022 NYS Pass-Through Entity Tax

Berdon State and Local Tax Team 3.2.22 | Client Alert There are a few actions that taxpayers must complete by March 15, 2022 with respect to both the 2021 and […]

January202022
Excess Business Losses – Where We Stand Today

Berdon Tax Team 1.20.22 | Client Alert The Tax Cuts and Jobs Act (TCJA), enacted in 2017, reformed the income tax treatment of business losses for individual taxpayers and those […]