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HOT TOPICS / INSIGHTS Industry Insights

Hot Topics / Insights

May202021
New York City Suspends 5.875% Hotel Occupancy Tax from June 1, 2021 through August 31, 2021

Wayne K. Berkowitz, CPA, J.D., LL.M. Industry Insights | 5.20.21 Today, Mayor Bill de Blasio signed an Executive Order eliminating the 5.875% hotel room occupancy tax rate for a three-month […]

May202021
Understanding the Lumber and Steel Boom and Your Options

John Fitzgerald, CPA 5.20.21 | Industry Insights Perhaps we could call it the ‘COVID Paradox’: Amid the COVID-19 pandemic and the subsequent recession, the U.S. housing market experienced a nearly […]

May062021
Major States Now Considering Changes in Law Firm Ownership Regulations

Jonathan San Solo, CPA 5.6.21 | Practice Made Perfect The legal profession is bracing as New York, Connecticut, California, and several other states contemplate changes in long-standing regulations that determine […]

April152021
NYS is the latest to Impose a Pass-through Entity Tax … and it actually is a good thing

Wayne K. Berkowitz, CPA, J.D., LL.M. and Richard Goldstein, J.D. 4.15.21 | Practice Made Perfect Many law firm partners have felt the pain inflicted by the federal Tax Cuts and […]

April132021
Is this the end of the American mall as we know it?

Jigar Shah, CPA 4.13.21 | Industry Insights The COVID-19 crisis has changed the way we live now and some of the protocols put in place to fight the pandemic will […]

April082021
The Pandemic Paradox: Law Firm Profits Rise Despite COVID-19

Christopher Imperiale, CPA 4.8.21 | Practice Made Perfect A year in, clear winners and losers have emerged from the COVID-19 crisis. Online retailers such as Amazon, delivery apps like Instacart, […]

March252021
Light at the End of the Tunnel for Tri-State Hospitality

Jack Pulvirenti, CPA 3.25.21 | Industry Insights Updated: 6.15.21 The COVID-19 pandemic has had a devastating effect on the hospitality industry. Bars and restaurants spent most of 2020 shut down, […]

March082021
The Challenge of Business Impairment Testing

Jonathen D. Scalzitti, CPA, Cecilia Kao, CPA, and Ryan Dolan, CPA 3.8.21 | Industry Insights Among the many detrimental consequences of COVID-19 were business and production disruptions, supply chain interruptions, […]

March012021
The Great Engine of Change: How Automation is Transforming American Manufacturing, Distribution, and Retail

Marcy Greenfield, CPA and Robert Pokorny, CPA 3.1.21 | Industry Insights In his book, The Fourth Industrial Revolution, the economist Klaus Schwab wrote about an impending revolution brought about by […]