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Consideration to Address before Buying a Second Home by Rick D. Bazzani, CPA
Berkowitz Pollack Brant - 2022-12-06

Consideration to Address before Buying a Second Home by Rick D. Bazzani, CPA

According to the National Association of Realtors, sales of second homes spiked dramatically during the first two years of the pandemic due, in part, to historically low interest rates and the ability to work remotely from anywhere in the world. Today, even as home sales have slowed slightly, purchasing a second home for personal enjoyment, […] The post Consideration to Address before Buying a Second Home by Rick D. Bazzani, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Podcast – BPB Knows Outsourced Accounting Solutions
Berkowitz Pollack Brant - 2022-12-01

Podcast – BPB Knows Outsourced Accounting Solutions

In this episode Associate Director of Managed Solutions and Technology Debra Sears explains the firm’s outsourced solutions for individuals and growing companies. The post Podcast – BPB Knows Outsourced Accounting Solutions appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Year-End Tax Planning Amid Economic Uncertainty by Tony Gutierrez, CPA
Berkowitz Pollack Brant - 2022-11-29

Year-End Tax Planning Amid Economic Uncertainty by Tony Gutierrez, CPA

Once again, year-end tax planning is complicated by an uncertain economic landscape. Despite a year of strong job growth and consumer spending, persistent inflation, rising interest rates and market volatility have stoked fears of an impending recession. On the political front, the November mid-term elections have left the country with a divided Congress that will […] The post Year-End Tax Planning Amid Economic Uncertainty by Tony Gutierrez, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Podcast – BPB Knows Business Interruption Claims Support
Berkowitz Pollack Brant - 2022-11-17

Podcast – BPB Knows Business Interruption Claims Support

In this episode Director of Forensic and Advisory Services Dan Hughes explains how forensic accountants are important members of a business’ interruption insurance claims team. The post Podcast – BPB Knows Business Interruption Claims Support appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2022-11-14

Answers to Frequently Asked FATCA Reporting Questions by James W. Spencer, CPA

The U.S. government first enacted the Foreign Account Tax Compliance Act (FATCA) over a decade ago to combat the global issue of tax evasion and make it more difficult for individuals and businesses to hide assets offshore and outside the purview of U.S. tax authorities. While foreign financial institutions bear much of the responsibility for […] The post Answers to Frequently Asked FATCA Reporting Questions by James W. Spencer, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2022-11-08

Can Foreign Investors be in the U.S. without Being Here for Income Tax Purposes? by Joel G. Young, JD, LLM

A fragile global economy and political uncertainty continue to fuel the United States’ status as the world’s most attractive location for foreign investment. However, investors chasing positive returns, high yields and portfolio diversification often face a tricky U.S. tax system that may provide tax-savings opportunities in some instances and costly income-tax traps in others. Contrary […] The post Can Foreign Investors be in the U.S. without Being Here for Income Tax Purposes? by Joel G. Young, JD, LLM appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2022-11-07

Changes Ahead for Bonus Depreciation by Joshua P. Heberling, CPA

Companies considering a purchase of certain tangible business assets may want to accelerate those acquisitions in 2022 before they lose the full benefit of 100 percent bonus depreciation, which will begin phasing out at the end of the year. Under the Tax Cuts and Jobs Act passed into law in 2018, businesses gained the ability […] The post Changes Ahead for Bonus Depreciation by Joshua P. Heberling, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2022-11-03

Podcast – BPB Knows Cross-Border M&A Transactions

In this episode Associate Director of Tax Services Tony Huber explains some of the nuances of international mergers and acquisitions. The post Podcast – BPB Knows Cross-Border M&A Transactions appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2022-11-02

Tax Treatment of Casualty Losses and Casualty Gains from Hurricanes Ian, Fiona by Arthur J. Lieberman

Taxpayers are often unaware of how the tax code treats property damage and losses they sustain from natural disasters, such as the recent hurricanes across Florida, the Carolinas and Puerto Rico. Many taxpayers are also surprised to learn that when insurance proceeds or other recoveries exceed the tax basis of damaged property, they may incur a taxable […] The post Tax Treatment of Casualty Losses and Casualty Gains from Hurricanes Ian, Fiona by Arthur J. Lieberman appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2022-10-24

Is Time Running Out for Businesses to Buy Private Aircraft? by Angie Adames, CPA

Corporate aircraft sales that soared during the pandemic slowed slightly in 2022 as fears of a recession continue to weigh on business sentiment. While many companies will sit on the sidelines and take a wait-and-see approach before purchasing a private jet in 2023, others will act before the end of the year, and yield significant […] The post Is Time Running Out for Businesses to Buy Private Aircraft? by Angie Adames, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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