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Protect Yourself and Your Business from Wire Fraud by Brandon Bowers
Berkowitz Pollack Brant - 2024-05-24

Protect Yourself and Your Business from Wire Fraud by Brandon Bowers

Wire payments continue to be one the quickest and easiest methods for individuals to send large amounts of money to others anywhere in the world. However, these electronic transfers made through banks or third-party service providers like Western Union can be rife with fraud and legal risks for the parties involved. Some of the most […] The post Protect Yourself and Your Business from Wire Fraud by Brandon Bowers appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Updates on Deductions for Business Meals and Entertainment by Claribel Velazquez, CPA
Berkowitz Pollack Brant - 2024-05-24

Updates on Deductions for Business Meals and Entertainment by Claribel Velazquez, CPA

Running a business can be expensive, and it can be confusing to know when companies can write off certain expenses, especially with a frequently changing tax code. One particularly puzzling area of the law concerns the rules for deducting the costs of business-related meals and entertainment, which have evolved over the past few years. In […] The post Updates on Deductions for Business Meals and Entertainment by Claribel Velazquez, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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A Three-Step Strategy to Save Tax When Selling Appreciated Vacant Land
PKF Texas - 2024-05-23

A Three-Step Strategy to Save Tax When Selling Appreciated Vacant Land

Key Points Let’s say you own one or more vacant lots. The property has appreciated greatly and you’re ready to sell. Or maybe you have a parcel of appreciated land […]

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Florida Moves Closer to Eliminating Sales Tax on Commercial Rent by Luke Lucas, CPA
Berkowitz Pollack Brant - 2024-05-23

Florida Moves Closer to Eliminating Sales Tax on Commercial Rent by Luke Lucas, CPA

Effective June 1, 2024, Florida sales tax on rent and license fees for commercial property will be reduced from 4.5 percent to 2.0 percent, representing an estimated $1 billion in tax relief for Florida businesses. Florida is one of nine states that does not impose income tax on its residents, but it is also the […] The post Florida Moves Closer to Eliminating Sales Tax on Commercial Rent by Luke Lucas, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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PKF International News - 2024-05-22

PKF EMEI Gathering and Global Tax Pillar Meeting 2024

More than 200 friends and colleagues from our global community joined us in Nice from 15 to 17 May 2024 to attend our annual EMEI Gathering and Global Tax Pillar Meeting.

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PKF Texas - 2024-05-20

How Can Nonprofit Board Committees Help Members Prioritize Critical Work?

Key Points For many not-for-profit organizations, maintaining a full and active board of directors is challenging. If your board holds frequent meetings, has high attendance expectations and requires members to […]

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JLK Rosenberger LLP - 2024-05-20

Refunds Available for Qualifying Diesel Purchases Going Back Three Years

Reading Time: 3 minutes When buying diesel fuel at a gas station, part of the price is a federal highway use tax of 24.4 cents per gallon. However, if the diesel is purchased to fill construction equipment such as front loaders and road graders used exclusively off highways, a contractor can claim a tax credit … Continued The post Refunds Available for Qualifying Diesel Purchases Going Back Three Years first appeared on JLK Rosenberger.

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Berkowitz Pollack Brant - 2024-05-16

Podcast – BPB Knows Getting Started with Estate Planning

In this episode Director of Tax Services Sarah Gaymon shares some reasons why everyone needs an estate plan and how to get started. The post Podcast – BPB Knows Getting Started with Estate Planning appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2024-05-14

IRS Makes changes to EO Determination Letters for 501(c)(3)s by Adam Cohen, CPA

Earlier this year, the IRS introduced Rev. Proc. 2024-5, which requires public charities organized as 501(c)(3)s to follow new procedures when requesting IRS reclassification as a different tax-exempt entity. Nonprofit entities seeking tax-exempt status generally must file Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, within 27 months […] The post IRS Makes changes to EO Determination Letters for 501(c)(3)s by Adam Cohen, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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