Insights Center: 2025 Tax & Legislative Changes
Individuals, businesses and not-for-profit organizations are all affected by the new tax law – and we are ready to help. Start by staying informed; you’ll find our analyses of the new law’s many provisions here.
LEARN MOREAccounting and Legal: Working Together to Avoid Mistakes in the Alternative Asset World
Far too often accountants and lawyers begin working together later than they should during the process of a fund launch for a mutual investment manager client.
Foreign Investments, Now What?
Private foundations across the country are at various points in their life cycle and have different approaches to their investment portfolio composition.
Monitoring Use of Personal Devices to Work – Best Practices for Broker Dealers
In 2020, more than two-thirds of company employees used personal communication devices for work, according to recent estimates.
PKF Worldwide Tax Update – Spring 2021
The current PKF Worldwide Tax Update is now available to those organizations and individuals with business interests outside the United States.
Cyber Roundup – March 2021
As we recognize the one-year anniversary of the COVID-19 lockdown in the tri-state area and look forward to light at the end of the tunnel, we should acknowledge the huge part that technology plays in our lives.
Virginia Legalizes Marijuana
In a significant vote, the Virginia Legislature approved adult-use marijuana, making it the first state in the South to move forward with cannabis legalization.
New IRS Requirement to Track Nonmember Income Generation
Does your 501(c)(7) private club hold nonmember outside events, and do these events generate a profit for the club?
M&A Deal Activity Surged in Second Half of 2020
After a precipitous decline in Q2 2020, mergers and acquisitions transactions in North America rose 84% from Q2 to Q4 2020 after experiencing a 38% decline in Q2 and a 22% decline in Q3.
New Jersey Legalizes Marijuana
Gov. Phil Murphy signed three bills into law on February 21, 2021 that will legalize marijuana in New Jersey (NJ). New Jersey will join Maine, Vermont, and Massachusetts on the East Coast to now legalize marijuana.
Marijuana Business: Are Depreciation and Charitable Contributions Deductible?
A recent court case, San Jose Wellness (2021) 156 T.C. No. 4, has emerged in the marijuana industry highlighting the proper allocation of costs and the deductibility or disallowance based upon the specific facts.
Actuarial Considerations for Sponsors of Defined Benefit Plans
Plan sponsors typically engage a qualified actuary to provide actuarial services for defined benefit plans which they sponsor.
SEC Extends Annual Report Filing Deadline for Certain Smaller Broker-Dealers
Broker-dealers registered with the Securities and Exchange Commission (SEC) are generally required to file their audited financial report and either a compliance or exemption report within 60 days of the broker-dealer’s fiscal year-end.