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HOT TOPICS / INSIGHTS

Hot Topics / Insights

April012016
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 […]

April012016
Hitting the “Wall of Maturities

David Winzelberg 04.01.2016 | Long Island Business News It’s time to pay the piper. That’s what many owners of highly leveraged commercial properties are hearing these days, especially those who […]

March292016
Fraud Prevention in the Hospitality Industry: Part I

Jack Pulvirenti, CPA, Berdon LLP, New York Real Estate Accountants

March292016
Fraud Prevention in the Hospitality Industry: Part II

Jack Pulvirenti, CPA, Berdon LLP, New York Real Estate Accountants

March292016
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 […]

March242016
IRS Loosens Restrictions on Cuba

03.24.2016 | eVisor As diplomatic relations with Cuba continue to open, the IRS has issued a revenue ruling removing some restrictions on income earned in the island nation1. Previously, restrictions […]

March242016
The Tax Scamming Season is On – What to Watch For

While tax scammers are active throughout the year, they are at their most aggressive during tax season. To alert taxpayers to be vigilant, the IRS releases a list of the […]

March242016
Trade Act Includes Tax Provisions

Berdon Tax Team 03.24.2016 | eVisor The Trade Facilitation and Trade Enforcement Act of 2015 (Trade Act), signed in 2016 by President Obama, includes several tax-related provisions. The Trade Act […]

March222016
FINRA Sets Ethics and Conduct as 2016 Examination Priorities

03.22.2016 | Client Alert Compliance officers and management teams are advised to prepare for sharper attention to ethics and conduct in light of the Financial Industry Regulatory Authority’s (FINRA) 2016 […]