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HOT TOPICS / INSIGHTS Client Alerts

Hot Topics / Insights

December062021
NYS PTET Estimated Payment Application Available for 2021

BERDON TAX TEAM 12.6.21 | Client Alert Entities that have made the PTET election for tax year 2021 can now pay the tax through the Business Online Services Account. Taxpayers […]

December022021
New York State Enacts Mandatory Retirement Plan for Private Sector Employees

Sarah S. Kim, J.D., LL.M. 12.2.21 | Client Alert On October 21, 2021, New York Governor Kathy Hochul signed legislation to promote retirement savings options for private sector employees through […]

November292021
Update: Crypto Investors Face Expanded Reporting Requirements

Ben Westbrook 11.29.2021 | Client Alert The new massive infrastructure bill was signed into law by President Biden on November 15, 2021, introducing new tax reporting requirements in an attempt […]

November092021
2021-22 Tax Planning Guide – Staying Prepared and Flexible Through the Uncertainty

11.9.21 | Client Alert Ongoing attempts at massive tax reform targeting high net worth individuals and corporations … heated political debate in Washington over the direction of the nation … […]

November052021
Major Changes to Interest Expense Deductibility Coming Next Year

Joseph Most, J.D. 11.5.21 | Client Alert Initially included as part of the Tax Cuts and Jobs Act of 2017 (“TCJA”), the current iteration of IRC section 163(j) (“163(j)”) limits […]

November032021
Protecting Retirement Plan Assets and Data from Cybercriminals

Erica Rice, CPA 11.3.21 | Berdon Vision With hackers becoming more and more sophisticated and the fact that some Plan Sponsors and fiduciaries may not have the security necessary to […]

October252021
Exiting Your Business with an ESOP

John Fitzgerald, CPA, and Stanley E. Bulua, Esq. 10.25.21 | Berdon Vision In need of an exit strategy? An Employee Stock Ownership Plan (ESOP) might be the answer. After a […]

October192021
Year-end Tax Loss Harvesting with Cryptocurrencies

Naya Pearlman, CPA, J.D., LL.M. and Kevin Wong, CPA 10.19.21 | Client Alert In the fast-evolving world of cryptocurrencies, tax loss harvesting is an important strategy that can help taxpayers […]

October132021
New York State Extends Certain October 15 Tax Deadlines Pass-Through Entity Tax Election (October 15) NOT Extended

The Berdon SALT Team 10.13.21 | Client Alert The New York State Department of Taxation & Finance (the “Department”) has announced that certain October 15 tax deadlines have been extended […]