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Hot Topics / Insights

Charity Scam, Bankruptcy Rules, Tax-Exempt Penalties Saul

08.03.2016 | eVisor Orlando Massacre May Trigger Charity Scams The IRS is alerting taxpayers of the potential for charity scams emerging from the recent mass murder in Orlando. Scammers are […]

Financing Options to Help Drive the Success of M&D Businesses

Manufacturing | Distribution | Retail Practice 08.01.2016 | Hauppauge Reporter For companies to grow and thrive in today’s business environment, access to capital is critical, particularly in the manufacturing and […]

Tax Benefits of Owning Small Business Stock – A Neglected Opportunity

Berdon Tax Team 07.26.2016 | Client Alert One of the unheralded tax provisions of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) was the reinstatement of the […]

Audit Scam Warning, Identity Protection, IRA Funding Denied

The increase in telephone scams, phishing activity, and identity theft has resulted in a new policy as of May 6, 2016, from the Internal Revenue Service: When launching an audit, […]

FTC v. Wyndham: A Cybersecurity Wake-Up for the Hospitality Industry

Jack Pulvirenti, CPA 06.07.2016 | Client Alert Cybersecurity is a critical issue for many businesses, but the hospitality industry is particularly vulnerable to hackers and other cybercriminals. There are many […]

Energy Efficient Deduction, Work Opportunity Credit, Deducting Litigation Costs

Berdon Tax Team 05.23.2016 | eVisor Deduction for Investing in Energy Efficient Equipment Internal Revenue Code Section 179D provides for a deduction for the costs of new energy efficient equipment […]

Proposed Tax Regulations Target Inversions and Corporate Debt

Berdon Tax Team 05.09.2016 | Client Alert On April 4, the IRS and the Treasury Department issued proposed rules under Section 385 for determining whether corporate debt obligations will be […]

FASB’s New Leasing Standard Demands Immediate Action

Berdon Audit Team 04.01.2016 | Happauge Reporter The long-brewing new leasing standard of the Financial Accounting Standards Board (FASB) has finally been ratified. Accounting Standards Update (ASU) No. 2016-02 Leases […]

New Safe Harbor for Remodeling-Refreshing Restaurants and Retail Stores

Berdon Tax Team 03.29.2016 | Client Alert The IRS has released a Revenue Procedure1 that provides for a safe harbor in determining the tax treatment of the expenditures to remodel […]