Opportunity funds are going into their sixth year since their 2018 launch. They got off to a slow start as the IRS struggled to issue guidance on the many statutory rules applicable to these funds while the states struggled to designate the areas eligible for qualified opportunity fund investments. Covid also became a challenge, causing the IRS […] The post Qualified Opportunity Zone Issues, Challenges and Other “Pain Points” for Investors and Developers by Arthur J. Lieberman appeared first on Berkowitz Pollack Brant Advisors + CPAs.

Estimated read time: 4 minutes 30 seconds The SECURE Act 2.0 (the Act) was signed into law at the end of 2022. Passed as part of the Consolidated Appropriations Act of 2023, it calls for a bevy of changes to the current retirement plan and savings rules. The purpose is to make it easier for … Continued The post SECURE Act 2.0 Changes Impacting Employers in 2023 first appeared on JLK Rosenberger.

Reading time: 6 minutes The federal Research & Development (R&D) tax credit available under IRC Section 41 (§41) is not only a useful tool to encourage innovation and development in the United States, but also represents a compelling savings opportunity today for many business owners across a wide range of industries. For many, the ability … Continued The post R&D Tax Credits: Amortization Not Expensing first appeared on JLK Rosenberger.

Mentioning the federal research and development (R&D) tax credit often conjures up images of scientists in white coats conducting lab experiments. Truth be told, the credit, which can reduce taxpayers’ federal tax liabilities, applies to a wide variety of activities conducted by companies outside of labs in an even broader range of industries, including construction […] The post R&D Tax Credits Can be a Boon to Real Estate Businesses by Spencer J. Solove, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

PKF International is delighted to report a host of recent leadership promotions within our US member firms. 

Reading time: 3 minutes Most businesses understand the risk posed by the growing number of cyberattacks each year. The sharp increase in incidences has prompted many to review and enhance their policies, procedures, guidelines, and processes. While necessary components, many often miss the additional protections cyber insurance offers. This type of insurance protects against first-party … Continued The post Cybersecurity Insurance Essentials first appeared on JLK Rosenberger.