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IRS Begins Audits of Business Aircraft Use by Joseph Leocata, JD, CPA, MBA
Berkowitz Pollack Brant - 2024-04-17

IRS Begins Audits of Business Aircraft Use by Joseph Leocata, JD, CPA, MBA

The IRS has begun auditing the use of corporate jets to ensure taxpayers properly allocate business use from personal use for tax purposes. These efforts are part of the agency’s larger strategic plan to increase audit enforcement and improve tax compliance among large corporations, partnerships and high-net-worth individuals. Under current law, businesses may deduct certain […] The post IRS Begins Audits of Business Aircraft Use by Joseph Leocata, JD, CPA, MBA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Recognizing When You are a Victim of Identity Theft by Brandon Bowers
Berkowitz Pollack Brant - 2024-04-11

Recognizing When You are a Victim of Identity Theft by Brandon Bowers

The headaches individuals must confront when they are victims of identity theft are complicated by the length of time those crimes go unrecognized. Too often, these scams play out over months and even years without detection. By that point, however, your personally identifiable information (PII) can be in the hands of criminals and the dark […] The post Recognizing When You are a Victim of Identity Theft by Brandon Bowers appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Tax Credits for Clean Vehicles Change in 2024 by Brendan Kurpis, CPA
Berkowitz Pollack Brant - 2024-04-09

Tax Credits for Clean Vehicles Change in 2024 by Brendan Kurpis, CPA

Effective Jan. 1, 2024, it is easier for individuals to claim federal tax credits for the purchase of new electric, plug-in hybrid and fuel-cell electric vehicles, but there are fewer cars and trucks that qualify for the full $7,500 credit this year. The clean vehicle tax credit was amended in 2022 as part of the […] The post Tax Credits for Clean Vehicles Change in 2024 by Brendan Kurpis, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Podcast – BPB Knows Economic Damages Claims
Berkowitz Pollack Brant - 2024-04-04

Podcast – BPB Knows Economic Damages Claims

In this episode Director of Forensic and Advisory Services Dan Hughes explains how expert witnesses calculate economic damages in lawsuits. The post Podcast – BPB Knows Economic Damages Claims appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2024-03-28

IRS Expands Business Tax Account Tools to Assist Entrepreneurial Business Owners, Partners, Shareholders by Claribel Velazquez

The IRS introduced Business Online Accounts in the Fall of 2023 to provide small businesses with an easy-to-use, self-service method for interacting with the agency and accessing their tax transcripts in real time. The free online tool is a part of the agency’s efforts under the Inflation Reduction Act (IRA) to modernize and improve its […] The post IRS Expands Business Tax Account Tools to Assist Entrepreneurial Business Owners, Partners, Shareholders by Claribel Velazquez appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2024-03-25

Plan Now for Lower Estate Tax Exemption in the Future by Sarah Gaymon, CPA

The passage of the Tax Cuts and Jobs Act in 2017 (TCJA) brought a series of welcome tax breaks to individuals at all income levels. However, with the law calling for many of these provisions to reset in 2026, taxpayers are running out of time to implement new strategies for maintaining tax efficiency and ensuring […] The post Plan Now for Lower Estate Tax Exemption in the Future by Sarah Gaymon, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2024-03-21

Podcast – BPB Knows Tax Implications for S Corps in Bankruptcy

In this episode Director of Tax Services Richard Cabrera explains why it’s important for S Corps to consider the tax implications before entertaining bankruptcy proceedings. The post Podcast – BPB Knows Tax Implications for S Corps in Bankruptcy appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2024-03-14

4 Important Considerations When Hiring Professional Recruiters by Mari Luque-Hanchett

It can be exceedingly difficult for companies to fill jobs that require specialized skills, such as finance and accounting, especially in a tight labor market with low unemployment. With so many job vacancies available to a limited number of qualified candidates, businesses must use all the resources available to stand out from the pack, build […] The post 4 Important Considerations When Hiring Professional Recruiters by Mari Luque-Hanchett appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2024-03-13

Pittsburgh’s Tax on Visiting Athletes, Entertainers May Be on Last Leg by Luke Lucas, CPA

Professional athletes and entertainers, like most taxpayers, must learn to navigate the often-treacherous federal tax code and a broad range of differing tax laws at the state and local level that can increase their tax liabilities and eat into their hard-played earnings. For athletes and entertainers who travel across the country for games and performances, […] The post Pittsburgh’s Tax on Visiting Athletes, Entertainers May Be on Last Leg by Luke Lucas, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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Berkowitz Pollack Brant - 2024-03-05

Podcast – BPB Knows Cash Flow Management

On today’s episode Associate Director Debra Sears shares her thoughts about the importance of cash flow and strategies for making improvements. The post Podcast – BPB Knows Cash Flow Management appeared first on Berkowitz Pollack Brant Advisors + CPAs.

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