Emerging Growth Companies and Entrepreneurs

Taxation And Technology: Playing Catch-Up In A Digital World, Goulet, Jeanne, 04/28/2016

In this article, Jeanne Goulet, Senior Consultant, takes an up-close look at OECD recommendations aimed to minimize aggressive tax planning and encourage governments to reduce gaps and tax arbitrage opportunities in their domestic laws. She also discusses treaty abuse, the artificial avoidance of PE status, the use of artificial means of reducing tax in both market and parent jurisdictions and nowhere tax in parent jurisdictions.

This article was originally published in Morison KSi's quarterly tax newsletter, Global Tax Insights, Q1 2016. It was reprinted by permission in Global Tax Weekly, April 28, 2016, published by CCH, a Wolters Kluwer business.

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Start-ups Coming to the US, Jeanne P. Goulet, 11/12/2015

Emerging companies coming to the US are faced with myriad of tax and reporting obligations that carry substantial penalties for noncompliance. This checklist covers the issues and helps you prepare for the tax requirements your startup will encounter.

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Exemption on Gain of Small Business Stock, Goulet, Jeanne P., 02/15/2013

In 1993, the Qualified Small Business Stock (QSB) provision was enacted granting a 50% exemption on the gain on sale of shares of a qualified small business. The provision, known as section 1202, was largely ignored, because, for various reasons, the benefits were not worth the effort. Fortunately, the American Taxpayer Relief Act of 2012, signed into law on January 2, 2013 made the 100% exemption retroactive to January 2012 and effective until January 1, 2014.

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VIDEO: Having a Great Idea and Potential Product are Not Enough, Goulet, Jeanne P., 12/01/2012

There's a chasm between the brilliance of defining a new product and finding its market fit -- and developing the financial foundation to scale the business. What makes someone a great entrepreneur frequently makes him or her pretty bad at steering the financial side of their business. So, what distinguishes someone from the pack is the ability to make both happen.

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Playing Tax Defense + Offense When Starting a New Business, Goulet, Jeanne P., 04/30/2012

Today many entrepreneurs want to try their hand at developing a new product or service that will solve a problem, fix a pain point or change the world. It is instinctive to focus one's attention on the technology and the product market fit. Attorneys, however will frequently advise the entrepreneur to set up a legal entity right away in order to minimize legal risks, and to establish agreements among the founding team to reduce friction and misunderstandings that can develop as the business evolves. Even if a product has not yet been developed or revenue has not yet been generated, once a legal entity is established or once an agreement is reached by individuals to work together to share profits and losses, tax matters must be addressed as inevitably tax consequences result. One of the key indications that an entrepreneur is able to transition from the creation of a product to the creation of a successful business is his/her ability to manage corporate responsibilities.

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Tax Tips for Start-Ups: US Sales and Employment Withholding Obligations, Forslund, Alyssa, 09/01/2011

Tax ranks high among the many structural issues a start-up needs to consider. Even tax responsibilities that seem straightforward – such as collecting sales tax and setting up withholding for employees – can be challenging and need to be approached carefully.

See Alyssa's article originally published in The Metropolitan Corporate Counsel, September 2011.

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For Technology Start-ups, A Road Map is Essential and It Should Cover Every Stage of the Journey, Goulet, Jeanne P.; Eliach, Steven, 03/10/2011

A technology start-up is a complex entity, even if its initial scale is small.

Careful planning is needed to arrive at a roadmap – not just for product development, marketing and sales, but also for a business model that ultimately will result in a great product market fit. The ideal roadmap is one that addresses the financial needs of both the entrepreneur and the business.

See Steven and Jeanne's article originally published in The Metropolitan Corporate Counsel March 2011.

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International Tax Planning - An Essential Step For Global Start-Ups, Goulet, Jeanne P., 01/30/2011

The same turbulence that has challenged the global economy has also created pockets of opportunity around the world. Simultaneously, entrepreneurship is at a high, as recent college graduates create their own opportunities, as layoffs at senior levels transform executives into entrepreneurs.

See Jeanne's article originally published in the January-February 2011 issue of Corporate Taxation, © 2011 Thomson Reuters/RIA. All rights reserved.

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The Road Map of a Start-Up and the Entrepreneur, Goulet, Jeanne P.; Eliach, Steven, 01/10/2011

A start-up venture is not just about product development, marketing and sales. It is a constant search for a business model that ultimately will result in a great product market fit. During the course of this endeavor, the financial needs of both the entrepreneur and the business can be complex. The financial needs of the entrepreneur and the business model run on two parallel paths and can change substantially over the life cycle of the venture.

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Where in The World is My Business? Taxable Presence and the Global Start-up, Goulet, Jeanne P., 12/10/2010

You are probably comfortable – even energized – by the idea that your business can easily reach beyond geographic boundaries. Thanks to the Internet, even as a start-up, you can do business around the world, selling goods and services, quickly setting up offices to help you penetrate new markets, and moving employee teams into critical locations to put them closer to the marketplace.

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Don't Pay Tax Twice on Each Dollar of Earnings!, Goulet, Jeanne P., 12/10/2010

Many experienced entrepreneurs, investors and business owners who have successfully operated in the past in their local environment are unaware of the tax pitfalls involved in cross-border transactions. It is easy to fall prey to serious missteps and to pay tax to more than one government for the same dollar of earnings.

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The Global Start-Up: A Look at Jurisdiction, Goulet, Jeanne P., 08/27/2010

You've weighed the entity options for your Start-Up. You now understand the tax differences between corporations and transparent entities and the impact they could ultimately have on your bottom line. You think you have a strong sense of where you want to set-up your legal entity. Or do you?

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An Introduction to the Global Start-Up, Goulet, Jeanne P., 08/06/2010

Start-Ups have been around for a long time. Traditionally, they have been local enterprises run by small business entrepreneurs. Today, however, thanks to the Internet's global reach, entrepreneurs have the ability to tap networks and establish Start-Up operations all across the world.

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Location: A Taxing Choice For New Businesses, Packer, Solomon, 06/25/2009

Given the raft of issues involved in launching a new business in the U.S., it should come as no surprise that the question of where the new legal entity should be formed is often given short shrift, when it is considered at all.

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Business Management and Family Office

Tax Alert: Tax IRS proposed regulations target gift and estate tax planning strategies, Cohen, Lawrence, 09/07/2016

 The IRS has released proposed regulations that would close so-called tax loopholes that many wealthy taxpayers have used to minimize gift and estate taxes when transferring interests in a closely-held family business to relatives. If finalized, the regulations would significantly limit the effectiveness of certain tax-saving vehicles, including family limited partnerships, for reducing the value of transferred interests for tax purposes. This article details the proposed regulations. 

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Wealth Management for High Net Worth Individuals, Kesner, Daniel, 11/16/2009

As the financial crisis took hold, high net worth individuals (HNWIs) watched their wealth decline and quickly lost faith in their wealth managers. Many withdrew assets or left their wealth management firms altogether. But as the economy improves, wealth management firms are seeking ways to alter their business models and provide a better service to their increasingly risk-averse clients, who are demanding more transparency on how their fortunes are managed.

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Financial Services

New Requirement For Registered Investment Advisers - July 10th Deadline, Berse, Steven L., 06/25/2010

The US Securities and Exchange Commission (SEC) has amended its custody rule — Rule 206(4)-2 under the Investment Advisers Act — to help safeguard investor assets. Now it's time for certain SEC-registered investment advisers (RIAs) to start taking steps to facilitate compliance with two major new SEC requirements.

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Hospitality

Are We There Yet? Looking down the road at the health of the hospitality sector, Cohen, Lawrence, 09/01/2016

Times are good for many of us in the hospitality industry.  Across every sub-sector, from hotels and airline travel to new building development and job creation, the industry continues to enjoy the fruits of a new US economic recovery.  And yet, those who have lived through downturns and shrinking markets find times like this to be perilous, leading all of us to ask, “Are we there yet?” — i.e. are we at the peak of the market and in for a nasty shock.

In this article, Lawrence Cohen explores the ups and downs of the US hospitality industry and the possibility that we are near the top of the business cycle.

This article, “Are We There Yet?”, was originally published in the September 2016 issue of Metropolitan Corporate Counsel.

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"Irrational Exuberance” or Golden Age: Is This The Best of Times for New York City Hotels?, Cohen, Lawrence, 01/11/2016

What’s changed in the NYC hospitality sector over the past two years? Nothing, but everything…

Partner and Hospitality Group Leader Lawrence Cohen has refreshed his 2014 article, “’Irrational Exuberance’ or Golden Age: Is this the Best of Times for New York City Hotels?” and discusses the impact that the last two years have had on the market.

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To Operate or Not to Operate Your Hotel Restaurant Yourself...That is the Question, Cohen, Lawrence, 04/29/2015

Upscaling your hotel restaurant can do wonders for your brand.  For hotel owners who are ready to renovate their property as a result of a healthy economy and are looking to upgrade services, the restaurant is often a prime target for renovation.  For a well-run full-service hotel, quality food service is paramount.  But a top-flight hotel restaurant can be a draw in its own right, attracting customers who might not otherwise visit the hotel, and adding energy and an air of prestige to help build the hotel’s brand.  Leasing the operation to a third party may be the obvious answer – and it can be profitable to boot.  But there are traps for the unwary.  And the result – rather than a smooth-running business – can become a nightmare of obligations that don’t fit well with the restaurateur’s talent and business and can result in ongoing contract disputes.  And if you, the hotelier, decide to run the restaurant yourself, you’ll find that unless you know the business well, the execution may be much different than your original plan.

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Committing to a Hotel Conversion? Look Before You Leap, Cohen, Lawrence, 01/07/2015

Conversions are a hot topic in the hospitality industry – understandably, because the hotel market itself is hot, and converting a property is a quick way to establish or expand your footprint. In many cases, it’s far easier and much less expensive to convert an existing building than it is to build from scratch. Why wouldn’t you want to get a fast start on an opportunity – and possibly a jump on the competition – by committing to a conversion? For all players in hotel property – real estate investors looking to move into hospitality, business owners who want to claim a share of hospitality industry revenues and established hotel owners in need of an expansion path – conversion looks like the smart way to go. Is it? Not always.

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Pigs Get Slaughtered: Do’s and Don’ts for Buyers and Sellers in a Red Hot Hotel Real Estate Market, Cohen, Lawrence, 05/02/2014

Today’s hotel transaction market is definitely hot – after several slow years, the pace has accelerated sharply – and it’s exciting for both buyers and sellers.  Should you be a buyer . . . a seller . . . or both?  Should you act now, or wait?  The answer depends on your situation – and also on your expectations.  How realistic are they?  A hot market can be a good time to make money.  It can also burn you.  As with any other market, you need to understand the market dynamics and develop a strategy.  Above all, don’t get greedy.  What’s said of the stock market can also be said of buying and selling in the hospitality industry: Bulls make money and bears make money.  But pigs get slaughtered.

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VIDEO: Buying a distressed hotel? Avoid being the dog that catches the car, Cohen, Lawrence, 05/28/2013

Acquiring a distressed hotel can be a very exciting strategy for an owner or entrepreneur. But you have to keep your eyes wide open because a distressed property can come with problems and risks that are often overlooked. Learn what happens and what challenges you face when you finally close the deal on your troubled property -- and the right steps to take that can help you come out ahead.

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VIDEO: Word to the wise for hotel owners, Cohen, Lawrence, 05/28/2013

The hotel business is different -- it's not like other properties where decisions are made periodically. Hotel decisions are made daily, even hourly, or because the weather has changed -- and they are often made by the representatives of your management company, without consulting you, the owner/entrepreneur. The solution? Keep your management company -- but be smart and hire key people who report to you. And always trust . . . but verify.

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A Key to Managing Your Hotel Through Troubled Times: Keeping Your Lender Happy, Cohen, Lawrence, 05/17/2013

You bought your hotel with the highest expectations. And why not? All owners do. But the best-laid plans of hotel owners can go astray. Maintaining control of a distressed hotel can be a challenge. To meet it, focus on your contingency plan and have the right team in place.

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Avoid Becoming "The Dog That Caught The Car" When You Acquire A Distressed Hotel, Cohen, Lawrence, 04/03/2013

A distressed hotel isn’t an acquisition you can make and then forget. It won’t run on its own. It requires daily, hands-on, operational management – a specialized, knowledgeable kind of management sensitive to the particular realities of a hotel in turnaround, a management that is able to work with the hotel’s people and its physical plant and set the property back on the road to success. This article reviews how an effective turnaround plan will anticipate, and help you avoid a worst-case outcome.

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To Succeed with Your New Restaurant, Take a Businesslike Approach, Cohen, Lawrence, 11/01/2012

The restaurant business can be a wonderful, rewarding pursuit. It can also be a trap. The industry is one of the most challenging in existence. It demands a mix of creativity, inspiration and hard business sense. And like any industry, it imposes its own very specific, very demanding business conditions. As in any other field, experience counts and systematic planning is rewarded.

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Watchdogs for Your New Hotel: Why a Hotel Owner Needs a Friend (or Friends) on Top of Managers and Franchisors, Cohen, Lawrence, 05/15/2012

New owners often come into the hospitality industry from a background in real estate. Buying a hotel seems like a logical next step for those who own other forms of commercial property, such as office buildings and retail locations, and who are looking to expand their portfolios. But owning a hotel isn't like owning other types of property, even those that, like hotels, involve third-party management. Hotel ownership carries its own terms and conditions, its own rules of engagement, and its own particular dangers that can trap – and cost – the unwary.

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A Major Challenge for Hotel Owners: Managing Employees and Labor Issues, Cohen, Lawrence, 05/15/2012

The largest ongoing expense for a hotel is, of course, payroll. Whether your hotel is union, non-union, five-star luxury or limited service, managing your employees and their costs are one of the biggest challenges a hotel owner or operator can face.

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Facing Up to the State and Local Tax Headache The Internet Era Serves Up to the Hospitality Industry, Bryde, Steven P., 04/30/2012

The hotel you operate sold a block of rooms through Expedia. Expedia charged consumers $100 per night. You received a discounted rate of $80 per room per night from Expedia – discounted because Expedia went to the effort of advertising and booking the rooms for you. In addition, Expedia paid you $8 per room per night to cover the 10 percent occupancy tax – based on the discounted rate of $80 per night. Expedia keeps $22 per room per night for itself, as its fee. Has Expedia done the right thing? Or has it underpaid you for the occupancy tax?

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An Alternative Approach to a Critical Issue in Employment: Identifying and Correcting Potential Disparities in Employee Selections Before They Happen, Tranfa-Abboud, Josefina V., 12/01/2010

Employers define human resources policies and practices and make employment decisions that, while based on legitimate business decisions, may have a disparate effect on different groups of employees. A hypothetical example of selections for a proposed reduction in force (RIF) illustrates how an evaluation can reveal a disparate impact of a protected class group. Unveiling potential disparities before the implementation of the proposed RIF allows management to revise the goals, objectives, and the planning of the selections for termination, correcting a potential disparate effect of protected class groups, and minimizing the likelihood of legal disputes.

See Josefina's article originally published in Employee Relations Law Journal, Winter 2010.

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Nonprofit and Government

Tips for improving the quality of your nonprofit’s audit, Thomas, Sibi, 06/08/2016

Audit quality is one of the most discussed topics in the accounting and auditing profession. Audit quality involves both qualitative and quantitative elements, some of which are not easily measurable. It is subjective and viewed differently by different stakeholders based on their expectations and perceptions. It’s important for all the involved stakeholders to align their expectations in order to produce a quality audit.

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Nonprofit Revitalization: Checklist for Compliance, McNee, Michael L., 02/24/2016

New York State has a law pertaining to nonprofits called the Nonprofit Revitalization Act of 2013. It was signed by Governor Cuomo on December 18, 2013 and most provisions were effective on July 1, 2014. Marks Paneth has developed a self-administered checklist you can use to help with the process of verifying compliance for your organization.

 

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Nonprofit Pulse: A Leadership Survey from Marks Paneth, McNee, Michael, 10/28/2015

Marks Paneth is proud to service many leading nonprofits.  To gain insights that will be useful and interesting to these organizations, and to help us meet their audit and other business needs, we regularly survey the leadership to top nonprofits around the country.  Topics span a range of issues organization leaders face or are concerned about.

Our most recent survey of nonprofit chief executives officers, executive directors, presidents, chief financial officers and board members was fielded during the second half of 2015.

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Nonprofit Agendas - October, 2015, McNee, Michael, 10/07/2015

Marks Paneth has published the latest issue of Nonprofit Agendas.

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Minimum Distribution Requirements for Private Foundations, Lyons, Robert, 09/18/2015

Every year, private, non-operating foundations are faced with determining their minimum investment return in order to calculate their distributable amount. For calendar year 2014, the distributable amount is the amount that the foundation must pay out as a qualifying distribution by the end of 2015 to avoid the 30% excise tax on the undistributed portion.

In this article, director Robert Lyons provides foundation administrators with technical guidance around the appropriate timing of and planning that should go into the distributable amount’s payout.

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Developing a Fraud-Free Workplace for the Nonprofit Organization: A Fresh Perspective, Kreuter, Eric A.; Goldstein, Hope, 09/16/2015

Fraud is a significant and growing problem for nonprofit organizations, according to a number of sources, occurring more frequently and becoming more costly. According to the 2014 Report to the Nations by the Association of Certified Fraud Examiners (ACFE), nonprofit fraud accounted for 10.8% of total incidents of fraud in 2013, up from 9.6% reported in 2010. Nonprofit organizations lost a median $108,000 per incident in 2013, up from $90,000 reported in 2010. Since many nonprofits are relatively small, the financial impact is often far greater than the dollar amount implies. 

This article by Eric Kreuter, partner, Financial Advisory Services, and Hope Goldstein, partner, Nonprofit and Government, reviews the risks (financial, reputational and funding threats), fraud’s origins and the steps an organization should take to strengthen its control environment.

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Uniform Guidance (Formerly A-133) for Federal Award Programs, Michael McNee, 06/26/2015

The Office of Management and Budget recently published Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. This guidance supersedes several OMB Circulars that govern federal awards, including the Circulars that affect non-profits, such as Circular A-110 and A-122. These new regulations are commonly called “Uniform Guidance” or “UG”.

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Nonprofit Agendas, April 2015, McNee, Michael, 04/21/2015

Marks Paneth has published the latest issue of Nonprofit Agendas

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Executive Summary: Exploring the Financial and Governance Ingredients for Nonprofit Stability, McNee, Michael, 04/02/2015

Executives from the nonprofit world convened at Marks Paneth recently for a seminar co-sponsored by Charity Navigator, a nonprofit charity watchdog group. Using the financial collapse of the Federation Employment and Guidance Services (FEGS), as a backdrop, the seminar explored issues related to fraud, governance, reporting transparency and operational sustainability – and underscored practices and safeguards that can protect nonprofits.

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Marks Paneth Nonprofit Agendas, February 2015, McNee, Michael, 02/13/2015
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MARKS PANETH NONPROFIT AGENDAS DECEMBER 2014, McNee, Michael, 12/04/2014
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MARKS PANETH NONPROFIT AGENDAS OCTOBER 2014, McNee, Michael, 10/27/2014

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the October issue

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MARKS PANETH NONPROFIT AGENDAS SEPTEMBER 2014, McNee, Michael, 09/17/2014

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the September issue

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Marks Paneth Nonprofit Agendas July 2014, McNee, Michael , 07/28/2014

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the July issue

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NonProfit Agendas, May 2014, McNee, Michael , 05/19/2014

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the May issue

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Marks Paneth Nonprofit Agendas February 2014, McNee, Michael, 02/19/2014

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the February issue

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NonProfit Agendas, November 2013, McNee, Michael L., 11/25/2013

Marks Paneth has just published the latest issue of Nonprofit Agendas. Click below for the November issue.

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Nonprofit Agendas, September 2013, McNee, Michael L., 09/19/2013

Marks Paneth has just published the latest issue of Nonprofit Agendas. Click below for the September issue.

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Marks Paneth Nonprofit Alert: EO #38 Sets Limits on Administrative Expenses and Executive Compensation, Kanjamala, Joseph J. , 07/30/2013

New York State Governor Andrew M. Cuomo's Executive Order #38 (EO #38), which sets limits on administrative expenses and executive compensation for covered provider entities, went into effect on July 1, 2013. EO # 38 is applicable to entities regulated by any of 13 specified State agencies. This alert summarizes the key features.

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Nonprofit Revitalization Is Here. Is Your Organization Ready?, McNee, Michael L., 07/16/2013

New York State Attorney General Eric T. Schneiderman’s initiative called the Nonprofit Revitalization Act (the Act) represents the most sweeping changes in New York State’s nonprofit law in 40 years. The law is a balance between less red tape and more oversight by the Attorney General. It considerably increases liability of Board members and scrutiny of Board actions. With the new Act, it’s time for a routine checkup of your organization’s governance policies.

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Nonprofit Agendas, May 2013, McNee, Michael L., 05/09/2013

Marks Paneth has just published the latest issue of Nonprofit Agendas. Click below for the May issue.

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Nonprofit Agendas, February 2013, McNee, Michael L., 02/25/2013

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the February issue.

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Nonproft Agendas, December 2012, McNee, Michael L., 12/20/2012

Marks Paneth has published the latest issue of Nonprofit Agendas.  Click below for the December issue.

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Nonprofit Agendas, November 2012, McNee, Michael L., 11/15/2012

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the November issue.

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Nonprofit Agendas, October 2012, McNee, Michael L., 10/17/2012

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the October issue.

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Nonprofit Agendas, August 2012, McNee, Michael L., 08/27/2012

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the August issue.

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Nonprofit Agendas, July 2012, McNee, Michael L., 07/27/2012

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the July issue.

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Nonprofit Agendas, June 2012, McNee, Michael L., 06/01/2012

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the June issue.

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Nonprofit Agendas, April 2012, McNee, Michael L., 05/02/2012

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the April issue.

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Nonprofit Agendas, January 2012, McNee, Michael L., 01/19/2012

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the January issue.

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Small Businesses Warned to Beware of Employee Fraud, Sawhney, Sareena M., 11/18/2011

Small businesses and nonprofit organizations often overlook the warning signs of employee fraud, especially by senior managers, according to accounting firm Marks Paneth.

This article, written by Michael Cohn appeared in Accounting Today on November 18, 2011.

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Nonprofit Agendas, October 2011, 10/01/2011

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the October issue.

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Endowment Accounting under FASB Topic 958-205 (Formerly FSP 117-1) and NYPMIFA, McNee, Michael L., 08/14/2011

A PREAMBLE NYPMIFA calls for: Prudence, donor notification and investment management. As the Beatles said, "Dear Prudence, won't you come out and play?" Do not mistake NYPMIFA and FASB 958-205 for being the same. Legal issues and accounting issues do not always agree. In legal terms, as it relates to endowments, you can "borrow", but you can't "steal". In accounting terms, you can't "hide".

EXAMPLES OF ENDOWMENT RESTRICTIONS

  • True endowment with no use restriction-My contribution should be kept intact and the income is to be used for the organization.
  • True endowment with use restriction-same as above except the income from the contribution is to be used for supplies for the organization.
  • Endowment for a term of years-keep the gift intact for 20 years, during which time the income is for supplies and after 20 years, the gift has no restrictions.
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Nonprofit Agendas, July 2011, 07/01/2011

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the July issue.

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Nonprofit Agendas, March 2011, 06/01/2011

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the March issue.

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Nonprofit Agendas, May 2011, 05/01/2011

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the May issue.

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Nonprofit Agendas, November 2010, 11/18/2010

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the November issue.

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Nonprofit Alert: OMIG Certificate Advisory Alert Effective December 1, 2010, November 2010, 11/18/2010

The New York State Office of the Medicaid Inspector General (OMIG) has revised two online certification forms. This change is effective as of December 1, 2010.

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Nonprofit Agendas, October 2010, 10/08/2010

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the October issue.

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Nonprofit Agendas, September 2010, 09/01/2010

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the September issue.

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Nonprofit Alert: Form 1099 Reporting and Tax Legislation: Summary of Changes, August 2010, 08/01/2010

Section 6041 of the Internal Revenue Code lays out the basic requirements for Form 1099 reporting. The Patient Protection and Affordable Care Act of 2010 includes a significant amendment to Section 6041, which now requires 1099 reporting for any payments aggregating $600 to a supplier per year. The new amendment will now create filing and reporting requirements for all for-profit corporations. The definition of a corporation that is contained in the amendment includes an exclusion or modification for tax-exempt corporations.

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Nonprofit Alert: Mandatory FTC Identity Theft Program, July 2010, 07/13/2010

The Federal Trade Commission (FTC) issued the Red Flags Rule for financial institutions and creditors to fight identity theft. The rule requires many businesses and organizations to implement a written Identity Theft Prevention Program designed to detect warning signs – or "red flags" – of identity theft in their day-to-day operations, take steps to prevent crime, and mitigate the damage it inflicts. The Red Flags Rule applies to financial institutions and creditors. The rule requires a periodic risk assessment to determine if the entity has covered accounts. A written program needs to be in place only if the entity has covered accounts.

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Nonprofit Agendas, May 2010, 05/01/2010

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the May issue.

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Nonprofit Agendas, March 2010, 03/01/2010

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the March issue.

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Nonprofit Alert: The Role of Nonprofits' Boards in Overseeing Compliance, April 2010, 01/26/2010

The role of the board of directors of nonprofit organizations in the oversight of compliance programs is increasingly gaining in importance and visibility. The experienced professionals at Marks Paneth can help board members and their organizations comply with the heightened regulatory environment today and going forward.

We are adept at conducting corporate compliance reviews and identifying risk areas in need of improvement. Our specialists have the tools and expertise to remedy risks before they become problems.

The Health Care Compliance Association (HCCA) has recently conducted an interview with James G. Sheehan, New York State Medicaid Inspector General, which you may find of interest. Mr. Sheehan discusses his thoughts about the role of the board of directors in overseeing compliance programs.

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Nonprofit Agendas, January 2010, 01/01/2010

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the January issue.

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Nonprofit Alert: New Update from Office of the Medicaid Inspector General (OMIG) Tightens Compliance Requirements for All Organizations Reliant on Medicaid Reimbursements, McNee, Michael L.; Marks, Eric A., 11/23/2009

As of October 1, 2009, The Office of the Medicaid Inspector General (OMIG) now requires all organizations that rely on Medicaid reimbursements to ensure that all persons, providers and affiliates providing care, services or supplies under Medicaid be in good standing and eligible to receive payment.

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Nonprofit Agendas, November 2009, 11/01/2009

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the November issue.

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Nonprofit Agendas, September 2009, 09/01/2009

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the September issue.

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Nonprofit Agendas, July 2009, 07/01/2009

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the July issue.

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Nonprofit Agendas, June 2009, 06/01/2009

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the June issue.

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Nonprofit Agendas, March 2009, 03/01/2009

Marks Paneth has published the latest issue of Nonprofit Agendas. Click below for the March issue.

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Nonprofit Agendas, February 2009, 02/01/2009

In this issue, some topics discussed include the fundamental differences between fiscal agents and fiscal sponsors and the pros and cons of working with both; understanding how new accounting standards will affect your nonprofit organization and your role in preparing the New Form 990.

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Marks Paneth & Shron LLP Nonprofit Group Authors Alert on Alternative Investment, McNee, Michael L.; Lyons, Robert, 12/16/2008

The most recent Marks Paneth Nonprofit and Government Group Alert discusses the tax implications that apply to common alternative investments made by exempt organizations, as well as the reporting requirements and questions organizations should consider before making investment decisions.

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Nonprofit Agendas, December 2008, 12/01/2008

In this issue, some topics discussed include when it is and is not appropriate to accept gift donations, understanding the tax consequences of alternative investments and the importance of directors and officers (D&O) liability insurance.

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Nonprofit Agendas, April/May 2008, 11/18/2008

In this issue, some topics discussed include the mission of nonprofit watchdog agencies, procedural standards for setting "reasonable compensation" among nonprofit employees, and the real difference between internal and year-end financial statements.

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Nonprofit Agendas, August/September 2008, 11/18/2008

In this issue, some topics discussed include the U.S. donor intent lawsuit of Robertson v. Princeton and how the trial's outcome could set the stage for future charitable giving, how to transition leadership during a merger or acquisition, and valuing and reporting gifts in kind and donated services.

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Nonprofit Alert: United States Investors in Offshore Hedge Funds Should Consider Filing the Report of Foreign Bank and Financial Accounts (FBAR), Lyons, Robert, 10/30/2008

TD F 90-22.1 is required to be filed for all accounts where a U.S. person or entity has a financial interest or signature authority in foreign financial accounts if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year. These relationships are reported on the calendar year by filing Form TD F 90-22.1 with the Department of the Treasury on or before June 30, of the succeeding year.

On June 12, three IRS personnel participated in a teleconference with a law firm that was designed to address open questions regarding the TDF 90-22.1 filing for calendar year 2008 that must be filed by June 30. It was their position (not official IRS position at this point) that an offshore hedge fund is a "foreign financial account" for this purposes and that, therefore, every U.S. investor in an offshore hedge fund should file a TDF 90-22.1 Form, whether or not the fund has any offshore bank or securities accounts. While the IRS's position on hedge funds is not official, it does carry substantial weight and should be considered.

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Nonprofit Agendas, September 2008, 09/01/2008

In this issue, some topics discussed include how federal and state bodies shape nonprofit policies, upcoming compliance dates for 403(b) retirement plans, limits placed on lobbying activities according to the IRS, and recent IRS changes to the application process for exempt status.

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Marks Paneth & Shron LLP Nonprofit Group Authors Alert on Campaign Intervention, McNee, Michael L.; Lyons, Robert, 09/01/2008

During election years, the Internal Revenue Service takes a keen interest in whether charitable (501(c)(3)) organizations are intervening in political activities. This is particularly relevant in Presidential campaign years. One common characteristic to most charitable organizations is a passion about their respective causes. Since candidates for office are generally "issues" oriented, it is understandable that organizations, particularly those involved in advocacy for a cause, want to support the candidate that supports their position.

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Marks Paneth & Shron LLP Nonprofit Alert, June 2008, McNee, Michael L.; Lyons, Robert, 06/01/2008

On May 5, 2004 IRS issued Letter Ruling 200435020 in response to a charitable organization’s treatment of certain real estate transactions, credit cards, meals, gasoline, miscellaneous charges and cell phones.

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Nonprofit Investment Committees: Buyer Beware, McNee, Michael L., 03/05/2008

Increasingly, nonprofits are moving into alternative investments: private investment funds, hedge funds, real estate funds, venture capital funds, oil, and gas funds. The goal is generally higher returns and diversification.

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Nonprofit Agendas, February/March 2008, 02/01/2008

In this issue, some topics discussed include new AICPA auditing standards, the distinction between sponsorship and advertising, how the IRS perceives contractors and employees and simple solutions for small organizational checks and balances.

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A Brave New World for a New Form 990, McNee, Michael L.; Lyons, Robert, 02/01/2008

On February 29, 2008, Michael McNee and Robert Lyons of the Nonprofit and Government Services Group presented a webinar entitled "A Brave New World for a New Form 990." This event discussed significant IRS changes to Form 990 and what they mean for the industry.

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Professional Services Firms

Law Firm Solutions, May 2012, 05/30/2012

Marks Paneth has published the latest issue of Law Firm Solutions. Click below for the May issue.

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Law Firm Solutions, March 2012, 03/05/2012

Marks Paneth has published the latest issue of Law Firm Solutions. Click below for the March issue.

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Law Firm Solutions, September 2011, 10/07/2011

Marks Paneth has published the latest issue of Law Firm Solutions. Click below for the September issue.

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Law Firm Solutions, March 2011, 06/16/2011

Marks Paneth has published the latest issue of Law Firm Solutions. Click below for the March issue.

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Law Firm Solutions, June 2011, 06/16/2011

Marks Paneth has published the latest issue of Law Firm Solutions. Click below for the June issue.

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Real Estate

Vendors Cautioned to Separate Sales Tax on All Taxable Transactions, Klein, Dov, 11/23/2016

A recent advisory opinion (TSB-A-16(28)S) issued by the New York State Department of Taxation and Finance (the “Department”) has concluded that a vendor required to collect sales tax may not “absorb” collected sales tax into its hourly rate.

Tax Law also provides that the person required to collect tax is required to separately state the tax on any invoice, or other statement of the transaction provided to the customer. The Department has stated that, “The words tax included or words of similar import, on a sales slip or other document, do not constitute a separate statement of the tax, and the entire amount charged is deemed the sales price of the property sold or services rendered.”

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Real Estate Advisor - September, 2016, Jennings, William , 09/20/2016

Marks Paneth has published the latest issue of Real Estate Advisor

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Real Estate Advisor – July, 2016, Jennings, William , 07/13/2016

Marks Paneth has published the latest issue of Real Estate Advisor

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Real Estate Advisor - April, 2016, Jennings, William, 04/11/2016

Marks Paneth has published the latest issue of Real Estate Advisor

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Gotham Commercial Real Estate Monitor, Jennings, William , 04/01/2016

Mark Paneth’s Gotham Commercial Real Estate Monitor takes the pulse of New York’s commercial real estate professionals three times a year. Findings from the Spring 2016 survey provide insights on the impact of foreign investment, stock markets, interest rates, taxes and infrastructure development on the commercial real estate market in NYC.

The Gotham Commercial Real Estate Monitor from Marks Paneth represents the findings of a survey of commercial real estate professionals in the New York City market. The survey was completed by 145 commercial real estate professionals working in NYC CRE, including legal counsel, bankers and lenders, brokers and agents, developers, property managers and property owners. Marks Paneth staff supervised the convention site intercept interviews and email deployments for online data collection.  Galloway Research hosted the data collection site and tabulated paper questionnaires.  Business Research Solutions managed the research project, analyzed the data and reported the findings. Surveys were fielded in late February and early March, 2016.

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Real Estate Advisor - February, 2016, Jennings, William, 02/09/2016

Marks Paneth has published the latest issue of Real Estate Advisor

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Gotham Commercial Real Estate Monitor, Jennings, William, 01/26/2016

The Gotham Commercial Real Estate Monitor from Marks Paneth represents the findings of a survey of commercial real estate professionals in the New York City market. Overall, 201 individuals responded to the survey — 64 online following a series of email invitations and 135 in person at a convention of New York City real estate professionals. Marks Paneth staff supervised the convention site intercept interviews and email deployments for online data collection.  Michaels Opinion Research, Inc. hosted the online data collection site and tabulated all questionnaires. Interviews were completed during the period of November 11 - Decemeber 23, 2015.

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The Gotham Commercial Real Estate Monitor, Jennings, William, 12/02/2015

The Gotham Commercial Real Estate Monitor from Marks Paneth represents the findings of a survey of commercial real estate professionals in the New York City market. The 109 professionals participating in the research include owners and managers of commercial property, commercial real estate brokers and agents, and attorneys, accountants and other professionals specializing in the sector. The research employed self-administered questionnaires completed online and on paper by respondents. The list of professionals surveyed was compiled by Marks Paneth LLP, the research sponsor, and by Michaels Opinion Research. Interviews were completed during the period of August 6-October 14, 2015, 2015.

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Real Estate Advisor - November, 2015, Jennings, William, 11/20/2015

Marks Paneth has published the latest issue of Real Estate Advisor

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Marks Paneth Comments on HUD's Proposed Changes to §200.216, Jennings, William H., 10/08/2015

Marks Paneth recently submitted its comments in response to the United States Department of Housing and Urban Development's (HUD) proposed rule meant to improve the previous participation reviews process, particularly under FR-5850-P-01 §200.216.

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Real Estate Advisor - September, 2015, Jennings, William, 09/23/2015

Marks Paneth has published the latest issue of Real Estate Advisor

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Foreign Investors Need a Roadmap as They Flock to New York Real Estate, Wang, Alexander X. , 09/03/2015

For foreign investors, it may be tempting to hurriedly rush into the flourishing New York real estate market, which has recovered much faster than expected from the 2008 financial crisis. It’s small wonder, therefore, that savvy investors are attracted to New York real estate, but they should not go it alone. In a recent article, Alexander X. Wang and Carl Leung discuss considerations that should be made prior to investing foreign capital into the market.

This article, “Foreign Investors Need a Roadmap as They Flock to New York Real Estate”, was originally published in the September 2015 issue of Metropolitan Corporate Counsel.

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Real Estate Advisor - August, 2015, Jennings, William, 08/12/2015

Marks Paneth has published the latest issue of Real Estate Advisor

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Real Estate Advisor, June 2015, Jennings, William H., 06/23/2015

Marks Paneth has published the latest issue of Real Estate Advisor

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Real Estate Advisor, May 2015, Jennings, William H., 05/11/2015

Marks Paneth has published the latest issue of Real Estate Advisor

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Spring 2015 Gotham Commercial Real Estate Survey Results, Jennings, William H., 04/29/2015

The Gotham Commercial Real Estate Monitor from Marks Paneth represents the findings of a survey of commercial real estate professionals in the New York City market. The 107 professionals participating in the research include owners and managers of commercial property, commercial real estate brokers and agents, and attorneys, accountants and other professionals specializing in the sector. The research employed self-administered questionnaires completed online and on paper by respondents. The list of professionals surveyed was compiled by Marks Paneth LLP, the research sponsor, and by Michaels Opinion Research. Interviews were completed during the period of February 25 to March 31, 2015.

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Real Estate Advisor, March 2015, Jennings, William H., 03/11/2015

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the March issue.

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Real Estate Advisor December 2014, Jennings, William H., 12/19/2014

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the December issue.

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Real Estate Advisor October 2014, Jennings, William H., 11/12/2014

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the October issue.

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Real Estate Advisor July 2014, Jennings, William H., 07/29/2014

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the July issue.

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Real Estate Advisor June 2014, Jennings, William H., 06/13/2014

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the June issue

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Real Estate Advisor, May 2014, Jennings, William H., 05/15/2014

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the May issue

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Succession Planning: To Avoid Landmines, Seek Advice Outside the Family, Jennings, William H., 05/01/2014

Succession Planning: To Avoid Landmines, Seek Advice Outside the Family

Succession planning is a difficult matter in any business. In a family-owned business, the difficulty is, if anything, much greater. Family politics and interpersonal relationships are always challenging – all the more so when the future of a business is at stake. Most family businesses are dominated by one or two strong leaders – often a founder, always an authority figure – who leave succession planning until the last possible moment, sometimes settling on a successor who doesn’t have the makings of a good future leader. The results can be disastrous. Picking the wrong successor can destroy the business. It can be equally bad to pick no successor at all.

This article was originally published in ABO Developments, Volume 22, Number 2, Spring 2014.

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As The New York Commercial Real Estate Boom Continues, Help Investors Avoid These Common Mistakes, Schlisselfeld, Abe, 04/16/2014

For commercial real estate investors, the boom mentality continues, and those seeking opportunities continue to flock to New York City. That can spell trouble if they are not prepared for the consequences real estate investment can bring, including results that are hard to foresee.

See Abe's article originally published in The Metropolitan Corporate Counsel April 2014.

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Real Estate Advisor, December 2013, Jennings, William H., 12/06/2013

Marks Paneth has just published the latest issue of Real Estate Advisor. Click below for the December issue.

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Real Estate Advisor, October 2013, Jennings, William H., 10/23/2013

Marks Paneth has just published the latest issue of Real Estate Advisor. Click below for the October issue.

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Your Grant Might Be a Wolf in Sheep’s Clothing, Jennings, William H., 09/13/2013

Due to a loophole in the Internal Revenue Code, grants to partnerships – unlike grants to corporations – are taxable income.  Worse, they are fully taxable in the year received, and unfortunately, there is no after-the-fact remedy.  Once the partnership receives the grant, the tax consequences are automatic.  Only by advance planning can it be structured properly to avoid this potential tax time bomb. An IRS loophole can lead to devastating tax consequences when partnerships receive New York State energy grants.

This article, “Your Grant Might Be a Wolf in Sheep’s Clothing:  An IRS Loophole Can Lead to Devastating Tax Consequences When Partnerships Receive New York State Energy Grants”, was originally published in the New York Real Estate Journal, August 27, 2013.

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Real Estate Advisor, September 2013, Jennings, William H., 09/08/2013

Marks Paneth has just published the latest issue of Real Estate Advisor. Click below for the September issue.

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Real Estate Advisor, July 2013, Jennings, William H., 07/31/2013

Marks Paneth has just published the latest issue of Real Estate Advisor. Click below for the July issue.

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Real Estate Advisor, June 2013, Jennings, William H., 06/11/2013

Marks Paneth has just published the latest issue of Real Estate Advisor. Click below for the June issue.

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Revenue Maximization for Landlords: Monetizing Existing Leases, Nadler, Susan H., 05/20/2013

In these challenging economic times, we realize that even seasoned property owners are reviewing their portfolios in order to find ways to maximize revenue. We offer a team of experienced, knowledgeable professionals who are highly skilled in performing lease audits and providing lease consulting services with the goal of recovering “hidden” revenue. These professionals work with property owners to perform audits of leases that provide for contingent rental payments including, but not limited to, percentage rent, participation payments, subletting profits and operating escalations.

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Real Estate Advisor, March 2013, Jennings, William H., 03/06/2013

Marks Paneth has just published the latest issue of Real Estate Advisor. Click below for the March issue.

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Real Estate Advisor, January 2013, Jennings, William H, 01/08/2013

Marks Paneth has published the latest issue of the Real Estate Advisor.  Click below for the January issue.

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VIDEO: Straight Talk for Real Estate Limited Partners, Schlisselfeld, Abe, 12/01/2012

Parking your money in commercial real estate in places like New York City is relatively safe -- despite the bumps along the way, it's likely to rebound and grow in value. But if this is your first time, particularly as a limited partner, remember: The relationship is going to end, so make sure you do all the right research and sign all the right documents beforehand so you're protected on the way out.

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Cost Segregation - Wait a Minute... Exercise Caution and Research all Scenarios, Jennings, William H., 11/05/2012

Cost segregation is basically an engineering study that breaks large assets into components with shorter lives to attain an accelerated depreciation benefit. A cost segregation study dissects the building into components with shorter depreciable lives, therefore throwing off larger depreciation deductions in earlier years.

This article was originally published in New York Real Estate Journal, August-September 2012.

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Real Estate Advisor, August 2012, William H. Jennings, 08/27/2012

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the August issue.

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Real Estate Advisor, June 2012, 07/06/2012

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the June issue.

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Real Estate Advisor, May 2012, 05/16/2012

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the May issue.

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Facing Up to the State and Local Tax Headache The Internet Era Serves Up to the Hospitality Industry, Bryde, Steven P., 04/30/2012

The hotel you operate sold a block of rooms through Expedia. Expedia charged consumers $100 per night. You received a discounted rate of $80 per room per night from Expedia – discounted because Expedia went to the effort of advertising and booking the rooms for you. In addition, Expedia paid you $8 per room per night to cover the 10 percent occupancy tax – based on the discounted rate of $80 per night. Expedia keeps $22 per room per night for itself, as its fee. Has Expedia done the right thing? Or has it underpaid you for the occupancy tax?

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Property Owners Need to Seize Tax Opportunities Before Provisions Expire, Schlisselfeld, Abe, 04/01/2012

New York City commercial real estate is enjoying a significant comeback. Commercial properties were less affected by the economic downturn than residential property or business ventures. Now, as the economy improves and as interest rates remain dramatically low, lenders have regained confidence in the sector. All of that moves commercial real estate farther along the road to recovery.

See Abe's article originally published in The Metropolitan Corporate Counsel April 2012.

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Real Estate Advisor, March 2012, Jennings, William H., 03/05/2012

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the March issue.

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2012 Westchester Real Estate Market: Expect a Slight Improvement in the Year Ahead, Tempesta, Anthony J., 02/20/2012

The rollercoaster conditions of the Westchester real estate market will continue in 2012, and barring any significant negative developments such as a repeat of European debt crises, in general, we at Marks Paneth expect a slight improvement in the year ahead.

This article was originally published in New York Real Estate Journal February 14, 2012.

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Real Estate Advisor, January 2012, Moehringer, Harry, 01/10/2012

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the January issue.

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Real Estate Advisor, October 2011, 10/10/2011

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the October issue.

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Real Estate Advisor, July 2011, Moehringer, Harry, 07/22/2011

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the July issue.

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Real Estate Advisor, June 2011, Moehringer, Harry, 06/16/2011

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the June issue.

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Real Estate Advisor, March 2011, Moehringer, Harry, 03/01/2011

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the March issue.

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Real Estate Financial Reporting: Understand the Differences Between US GAAP Versus Income Tax Basis Accounting; Then Choose the Option That"s Best for Your Company, Nadler, Susan H., 11/30/2010

US generally accepted accounting principles and income tax basis accounting often yield very different financial reporting results; real estate companies need to understand what the choices mean for their business and apply what best serves their needs.

See Susan's article originally published in The Real Estate Finance Journal, Winter 2011, copyright 2010 Thomson Reuters.

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Real Estate Advisor, December 2010, Moehringer, Harry, 10/18/2010

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the December issue.

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Real Estate Advisor, October 2010, 10/01/2010

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the October issue.

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Real Estate Advisor, August 2010, 08/01/2010

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the August issue.

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Real Estate Advisor, June 2010, 06/01/2010

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the June issue.

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Real Estate Advisor, February 2010, 02/23/2010

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the February issue.

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Real Estate Advisor, December 2009, 12/01/2009

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the December issue.

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Real Estate Advisor, November 2009, 11/01/2009

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the November issue.

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Real Estate Advisor, August 2009, 08/01/2009

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the August issue.

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Revenue Maximization Checklist, Nadler, Susan H., 07/23/2009

The Real Estate Group at Marks Paneth LLP has developed a Revenue Maximization Checklist to help property owners ask the right questions and gain maximum benefit from existing lease provisions. A well designed audit of procedures surrounding property accounting such as billing, collections, lease abstracts and lease audits conducted by accountants deeply versed in commercial real estate can turn up unanticipated revenue opportunities and help ensure that property portfolios are yielding maximum returns.

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Revenue Recovery: Lease Audits Can Reveal Hidden Income Potential, Nadler, Susan H., 07/23/2009

With the commercial real estate industry still in an economic tailspin, now is the time for property owners to look at their existing portfolios and monetize any untapped opportunities.

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Real Estate Advisor, June 2009, 06/01/2009

Marks Paneth has published the latest issue of Real Estate Advisor. Click below for the June issue.

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Real Estate Advisor, March 2009, 03/01/2009

Some topics discussed in this issue include how use of leverage can help increase cash flow, magnify the effects of property appreciation and enhance the tax advantages of owning real estate; strategies to consider when selling investment property to offspring and the tax effect of leases with options to buy.

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Real Estate Advisor, February 2009, 02/01/2009

In this issue, some topics discussed include the advantages of infrastructure investments, the functional and financial benefits of "green" roofs and how real estate professionals can leverage social networking media to help grow business.

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Real Estate Advisor, December 2008, 12/01/2008

In this issue, some topics discussed include calculating property tax assessments, new incentives aimed at commercial building owners for installing solar power sources and when to apply the rules of reverse exchange in swapping one real estate investment for another.

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Real Estate Advisor, October 2008, 10/01/2008

If you want to do a better job of tax planning but you typically don’t focus on taxes until the April 15 frenzy, you’re not alone. As 2008 comes to a close, there are some tax strategies you can implement now that may make your life much calmer come tax time.

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Real Estate Advisor, May/June 2008, 05/31/2008

In this issue, some topics discussed include how to increase likelihood of securing a loan, trends in time-share ownership within the resort industry, how the Economic Stimulus Act of 2008 benefits investors and developers, and ways to achieve personal and business financial success by shifting income and deductions.

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Real Estate Advisor, March/April, 2008, 03/31/2008

In this issue, some topics discussed include how developers are tapping into the wants and needs of baby boomers with resort-like senior housing facilities, how online services are revolutionizing the art of commercial real estate deals and the factors that are driving real estate investors to pursue overseas deals.

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Real Estate Advisor, January/February 2008, 01/31/2008

In this issue, some topics discussed include the recent spike in sales of life-sciences-related facilities, a new tracking system designed by the Environmental Protection Agency (EPA) to increase water conservation, components of commercial building depreciation and current demographics of apartment rentals.

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Don’t Mess Up a Great investment with the Wrong Filing Decision

A US company acquiring an overseas firm or a foreign company looking to do business in the US needs to make smart decisions early on to avoid the wrong tax elections. James Robbins explains why a simple document filing can make a big difference between a successful or a failed investment.

 
 

NYLJ 2014 Logo

Marks Paneth LLP has been ranked among the top three providers of forensic accounting services in the New York metropolitan area by readers of the New York Law Journal (NYLJ). Marks Paneth is the only firm to be voted among the top three in this category for all six years since the NYLJ’s 2010 inaugural survey. 

Marks Paneth Press Release

 
 

Doing Business Guides

Doing business around the world presents a variety of challenges. Morison KSi Ltd. (Morison KSi), the association of independent accounting and consulting firms of which we are a member, has begun publishing a series of Doing Business Guides. The guides are written by the Morison KSi member firm in the country that is being profiled and provide an introduction to foreign investors on the various aspects of doing business. Please click below for the corresponding country: