News & Insights

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On-Demand - Nowhere to Go But Up: New York Development, Construction & Design Innovations

Featured: Lisa Minniti-Soska  |  March 4, 2021

As part of the Real Estate Women’s Forum presented by GreenPearl, Lisa Minniti-Soska, Construction Partner in Marks Paneth's Real Estate Group, moderated a timely discussion of how the pandemic has accelerated a number of changes in development, construction & design.

On-Demand - COVID Relief for Businesses: What to Know Now

Featured: Howard Hoff |  Pamela Cianciotta |  Mark Cuccia  |  March 2, 2021

In a recent webinar co-hosted with the Business Council of Westchester, Howard Hoff, Partner-in-Charge of Marks Paneth's Commercial Business Group, and partners Pamela Cianciotta and Mark Cuccia provided updates and guidance for business leaders navigating the Paycheck Protection Program (PPP) and other available forms of COVID-19 relief.

Reshma Ghouri Featured in Financial Advisor

By Reshma Ghouri  |  March 1, 2021

Reshma Ghouri, Director in the Private Client Services Group, authored an article on the New York State budget proposals that was published by Financial Advisor magazine.

Complying With Federal Requirements for COVID-19 Funding in Your Single Audit

By John D'Amico  |  February 25, 2021

Nonprofits and state and local governments are subject to a federal Single Audit if they expend $750,000 of federal financial assistance or more in their fiscal year. This includes COVID-19 assistance either in grants or loans and all their other non-COVID-19 federal financial assistance expended in their fiscal year.

Resiliency During Uncertain Times: What’s Next for Technology Operations and Investments?

By Hassan Khan  |  February 25, 2021

As COVID-19’s ramifications ripple through the global economy, one thing is certain: technology will be among the most powerful weapons in every organization’s arsenal for responding effectively and decisively to this challenge. Nonprofits and higher education institutions will not be an exception to the norm.

On-Demand – Gift and Estate Planning and Valuations in 2021

Featured: Christopher D. Wright |  Angela Sadang  |  February 24, 2021

Christopher Wright, Partner, Estates and Trusts, and Angela Sadang, Principal, Advisory Services, recently shared their expertise in gift and estate tax planning and valuations during a live webinar presented by Marks Paneth and Opal Group.

Michael Siino Featured in Real Estate Weekly

By Michael Siino  |  February 24, 2021

Michael Siino, Co-Partner-in-Charge of the Real Estate Group, recently authored an article, “REITs Showing Their Backbone as Economy Works to Recover,” that was published by Real Estate Weekly.

Families First Coronavirus Response Act (FFCRA) Still Available and Potentially Valuable

February 24, 2021

Early last year Congress enacted the “Families First Coronavirus Response Act (FFCRA)” as a way to help businesses with employees diagnosed with or exposed to COVID-19 offset some of their payroll costs. 

Nonprofit & Government Times, February 2021

February 23, 2021

This issue of Nonprofit & Government Times provides you with timely and insightful information.

Real Estate Perspectives, February 2021

February 19, 2021

This issue of Real Estate Perspectives provides you with timely and insightful information.

Ed Suleymanov and Alvin Yeung Named “Rising Stars” in Real Estate Weekly

Featured: Eduard Suleymanov |  Alvin Yeung  |  February 18, 2021

Eduard Suleymanov and Alvin Yeung, Partners in the Real Estate Group, were named to Real Estate Weekly’s 2020 list of “Rising Stars.”

Employee Retention Credit Extended and Expanded

February 18, 2021

Eligibility for the Employee Retention Credit, which is designed to encourage businesses to keep workers on their payroll and support small businesses and nonprofits through the coronavirus economic emergency, has been expanded to include employers who also received PPP loans. 

The End of the LIBOR Era

February 17, 2021

In July of 2017, with the goal of creating a more reliable benchmark, the UK Financial Conduct Authority announced it would no longer compel panel banks to submit LIBOR quotes after 2021. Given the potential exposure, as well as the wide range of real estate investors, real estate professionals and managers affected by the LIBOR reform, taking prompt action will be critical to the health of your investments and can present potential advantageous opportunities.

REITs and Recovery

By Michael Siino  |  February 17, 2021

As with each subsector under the umbrella of real estate, the effect of the COVID-19 pandemic on Real Estate Investment Trusts (REITs) has been varied, creating opportunities and challenges that seem likely to continue throughout the year ahead. An in-depth look at the structure of REITs and the performance of the broader real estate market is necessary to determine how REITs are positioned for recovery.

Federal Program Offers Relief to Shuttered Entertainment Venues

February 15, 2021

The Shuttered Venue Operators Grant (SVOG) program includes $15 billion in grants to help shuttered entertainment venues stay in business long enough to return once the COVID-19 pandemic is over. 

Private Client Insights, February 2021

February 15, 2021

This special issue of Private Client Insights provides you with timely and insightful information.

New York State Budget Proposals: What’s in Store for High-Net-Worth Individuals?

By Reshma Ghouri  |  February 15, 2021

In the wake of the ongoing COVID-19 pandemic, New York Governor Andrew Cuomo recently outlined the Fiscal Year 2022 Executive Budget, which proposes several significant tax law changes affecting high-net-worth individuals.

What Are the Advantages of a Family Office?

By Pamela A. Mosiello  |  February 15, 2021

As the affairs of many high-net-worth individuals become more complex and their transactions increasingly numerous, they might benefit from the services of a family office.

COVID-19’s Impact on Your Financial Statements

February 10, 2021

Due to the fast-changing business environment, unprecedented market volatility and other circumstances resulting from the COVID-19 pandemic, many companies are uncertain of the full extent of COVID-19’s impact on their business’ future, including their financial statements. Following are some key factors that should be considered when preparing your most recent year-end financial statements.

Federal and State Tax Consequences of PPP Loan Forgiveness

February 8, 2021

During 2020 many small, and even not-so small, businesses applied for and received Paycheck Protection Program (PPP) loans which, if spent on certain permitted expenditures, are forgivable and essentially become a form of government grant.

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