Recent News & Insights

The new employee tax credit your organization may be missing out on
February 28, 2017
Are you familiar with Internal Revenue Service forms 5884, 5884C and 8850? If not, your organization may be missing an opportunity to reduce its federal tax liability from $1,200 up to $9,600 per new hire. The great news is, both “for-profit” and “nonprofit”employers are eligible for the Work Opportunity Tax Credit (“WOTC”)  READ MORE +

Page 1 of 36 pages  1 2 3 >  Last ›

Vivian Martinez and Sherry Fan featured in New York Real Estate Journal


Jun 13, 2017

Monica Kaden featured in QuickRead


Jun 13, 2017

Doing Business Guide - UK


June 13, 2017


Best of the Bar: Philadelphia’s Top Lawyers


Jun 9, 2017

New rules for telling your financial story


By John D'Amico
June 2, 2017

Nonprofits that are at least partially funded through government contracts face two ongoing challenges. One is finding funding for any associated administrative costs that are not covered by the grant. The second is managing cash flow when governmental agencies are notoriously late in reimbursing nonprofits for expenses they have already incurred. It is common for nonprofits to wait three to six months or more for reimbursement. This can result in serious liquidity issues. Combined, these issues often make it difficult for nonprofits to provide potential private donors a true picture of their financial status.

Real Estate Advisor - June, 2017


May 30, 2017


Effective date of OMB’s Procurement Standards extended


By John D'Amico
May 25, 2017

On December 26, 2013, the US Office of Management and Budget (OMB) published 2 CFR 200, “Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards” – also referred to as the Uniform Guidance (UG). One of the most significant changes introduced by the UG relates to procurement standards for non-Federal entities.

Tax Alert: Trump Administration’s Tax Plan Explained


By Steven Eliach
May 17, 2017

On Wednesday, April 26, 2017, the Trump Administration unveiled a tax plan that proposes significant reductions to individual and corporate tax rates, reduces the number of individual tax brackets to three – 10 percent, 25 percent and 35 percent – and repeals the estate tax – among other proposals. While the plan has been presented as a broad outline, rather than in legislative text, the proposal represents a significant overhaul of the US tax system.

Valuation & Litigation Briefing, May 2017


May 15, 2017


Doing Business Guide – Malta


May 9, 2017


Where is US Corporate Tax Headed Under the New Administration?


By Solomon Packer
May 4, 2017

It is contemplated that US Congress will soon revise corporate tax policy.

Among the proposals coming to the fore, and being highly-debated in business and tax journals, is “destination-based cash-flow tax,” or “DBCFT.”

It is important to recognize that a DBCFT tax regime differs greatly from our current income tax system, and incorporates two distinct elements: a destination-based tax system, and a cash flow tax system. Each of these regimes can operate independently – but the proposed DBCFT combines the distinct approaches.

As such, it is imperative that executives understand how corporate taxation may change under a DBCFT tax regime, and how such a regime might benefit or adversely impact their business.

This article was originally published in Morison KSi's quarterly tax newsletter, Global Tax Insights, Q1 2017. 

SALT Alert: New York State 2017-2018 Budget


By Steven P. Bryde
April 21, 2017

New York State Governor Andrew M. Cuomo signed the 2017-2018 State Budget. The bill contains a variety of corporate franchise, personal income, and sales/use tax changes. 

This year’s budget proposal contains a number of extenders and measures focused on compliance. The final budget may, however, be more notable for the original January proposals that were removed from the final budget, as opposed to what remained. Next, State legislatures, including New York’s, will likely be focused on addressing the effects of foreseeable federal tax law changes.

  

NONPROFIT AGENDAS - APRIL, 2017


April 20, 2017


Nonprofit Alert: New Filing Requirements for New Jersey Charitable Registrations


By John D'Amico
April 10, 2017

New Jersey-based nonprofit organizations are required to file either Form CRI-300R or CRI-200, along with their IRS Form 990 annually. These forms are due to the State of New Jersey on the last day of the sixth month following the close of the organization’s fiscal year.

Anthony Tempesta Featured in Westchester County Economic Development Guide


Apr 7, 2017

Gotham Commercial Real Estate Monitor Winter 2017


March 27, 2017

Our annual Gotham Commercial Real Estate Monitor takes the pulse of New York’s commercial real estate property owners and managers, brokers, agents, attorneys, accountants and other professionals in this sector.  Findings from the Winter 2016 edition of the survey provide insights on price perceptions, risk, the complexity of negotiating deals and other important market-related topics.

Tax Alert: IRS issues 2017 cost-of-living adjustments


By Avery E. Neumark
March 13, 2017

Did you know that the IRS has adjusted cost of living thresholds? The 2017 cost-of-living adjustment amounts trend higher than 2016 amounts, but only slightly. How might these amounts affect your year-end tax planning or retirement planning? 

Ensuring Nonprofit Compliance with the Federal OMB Uniform Guidance and NJ's Circular 15-08 OMB


By John D'Amico
March 13, 2017

The federal OMB’s Uniform Guidance requires New Jersey-based nonprofit organizations with fiscal year expenditures greater than $750,000 to have a Single Audit. Organizations that receive new or incremental federal funding either directly from a federal agency or passed-through from the state or a local government after December 24, 2014 need to follow the federal OMB’s Uniform Guidance. For federal grants awarded prior to that date, OMB Circulars (A-110 and A-122 for nonprofits) are still in effect.

The new employee tax credit your organization may be missing out on


By Mordecai Lerer |  Jacob A. Beniawski |  Joseph Frohlinger
February 28, 2017

Are you familiar with Internal Revenue Service forms 5884, 5884C and 8850? If not, your organization may be missing an opportunity to reduce its federal tax liability from $1,200 up to $9,600 per new hire. The great news is, both “for-profit” and “nonprofit”employers are eligible for the Work Opportunity Tax Credit (“WOTC”).

Edwin Morris Featured in 914Inc.


Feb 23, 2017

Page 1 of 36 pages  1 2 3 >  Last ›