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HOT TOPICS / INSIGHTS Client Alerts

Hot Topics / Insights

November102022
Application for the COVID-19 Capital Costs Tax Credit Program is Open

Berdon State and Local Tax Team 11.10.22 | Client Alert On April 28, 2022, New York State enacted the 2022-2023 Budget Bill, which included the COVID-19 Capital Costs Tax Credit […]

October192022
2022-23 Tax Planning Guide – Claim Opportunities That Fit Your Circumstances

10.19.22 | Client Alert Tax Planning Guide Updates in Real Time This year’s Inflation Reduction Act, the still impactful Tax Cuts and Jobs Act of 2017 (TCJA), and ongoing chatter […]

September222022
NYS Enacts Amendments to the NYC Pass-Through Entity Tax and NYC Business Taxes

BERDON STATE & LOCAL TAX TEAM 9.22.22 | Client Alert New York City PTET (NYC PTET) Eligible taxpayers can now elect to pay the NYC PTET for 2022. The election […]

August252022
Extended Due Date Reminder – 2022 New York Pass-Through Entity Tax Deadlines on September 15

BERDON STATE & LOCAL TAX TEAM 8.25.22 | Client Alert As discussed in our previous alert, eligible pass-through entities (PTEs) that missed the original March 15 New York Pass-Through Entity […]

August172022
Tax Changes in the Inflation Reduction Act

By Naya Pearlman, CPA, J.D. LL.M. and Ken H. Maeng, J.D. 8.17.22 | Client Alert President Biden signed into law the Inflation Reduction Act (the Act), which is a significantly […]

July122022
NYS Says A Vacation Home is Not a Permanent Place of Abode, and Refunds Could Follow

Wayne K. Berkowitz, CPA, J.D. LL.M. 7.12.22 | Client Alert A New York State Appellate Division ruling1 may present a refund opportunity for certain New York City/State residents with vacation […]

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 […]