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Hot Topics / Insights
June272022
Applying the Research Tax Credit Against Payroll Taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex […]

May232022
Understand the Tax Mechanics in the Sale of Trade or Business Property

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. To simplify […]

April182022
Three Issues to Consider Once You Have Filed Your Tax Return

After your 2021 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations: 1. You can throw […]

March282022
A Practical Guide to the Tri-State Pass-Through Entity Taxes

This is a practical guide to navigating the main concepts associated with the pass-through entity (PTE) taxes for New York, New Jersey, and Connecticut. First, we cover some of the […]

March242022
Inherited IRAs Less Generous Per New IRS Guidance

Berdon Personal Wealth Services Team 3.24.22 | Client Alert At the end of 2019, the Secure Act (“the Act”) introduced the 10-year rule, requiring most non-spouse designated beneficiaries (non-eligible designated […]

January202022
Excess Business Losses – Where We Stand Today

Berdon Tax Team 1.20.22 | Client Alert The Tax Cuts and Jobs Act (TCJA), enacted in 2017, reformed the income tax treatment of business losses for individual taxpayers and those […]

January052022
Berdon Names a Diverse Group of Seven New Partners

1.5.22 | Press Release NEW YORK – “We are particularly pleased with the diverse group of new partners who, in their own unique ways, have demonstrated the technical excellence and […]

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 […]