09.05.18
Real Estate Group Newsletter – Summer 2018
How to opt out of the new partnership audit rules Anita Wescott, CPA Many real estate businesses are formed as partnerships. Beginning this year, the IRS is applying new procedures to its partnership audits. Under the procedures, any adjustments and penalties after an audit generally will be assessed against the partnership itself, rather than against […]

08.28.18
Law Firm Group Newsletter – Summer 2018
Show them the money: Compensating your managing partners Kal Shiner, CPA All law firms have them—the partners who spend the bulk of their practice managing the firm. But, if the firm focuses on compensating only rainmakers and large revenue generating partners, they may lose those best qualified for the job. Properly compensating partners who perform […]

08.27.18
Tax Connections Newsletter – Summer 2018
Tax Cost of Divorce Set to Rise in 2019 If you are divorced or in the process of divorcing, it is imperative to understand how the Tax Cuts and Jobs Act affects the tax treatment of alimony. For most couples, the tax cost of divorce will go up next year. What is changing? Under current […]

08.21.18
Manufacturing and Distribution Group Newsletter – Summer 2018
Vendor Fraud: Know the Warning Signs Brandon Vahl, CPA, CFE When fraud strikes, the culprit might be sitting in your purchasing department. This department is particularly vulnerable to fraud because of the volume of transactions it processes and the varying pricing and billing policies that vendors use. Phony vendors A common type of purchasing scheme […]

08.10.18
Health Care Group Newsletter – Summer 2018
Navigating a Shifting Landscape: Solutions to Top Practice Management Challenges Larry Sophian, CPA, MBA Every medical practice faces ongoing challenges in maintaining a successful bottom line. New challenges crop up whenever Medicare and Medicaid policies, or the economy, changes. Still, a handful of problems rise to the top in most medical practices. Here are some […]

08.09.18
Wealth Management Group Newsletter – Summer 2018
Kiddie Tax: New Hazards, New Opportunities Adam Pechin, CPA, MST Despite its name, the kiddie tax is far from child’s play. As a result of the Tax Cuts and Jobs Act (TCJA), children with unearned income may find themselves in a higher tax bracket than their parents. At the same time, the TCJA also creates […]

07.13.18
Not-For-Profit Group Newsletter – Summer 2018
Will the Tax Cuts and Jobs Act Make Your UBIT Jump? Laurence Sophian, CPA, MBA As the new tax bill worked its way through Congress last fall, not-for-profits across the country raised their voices high to share concerns about its disincentives for charitable donations — as well as the proposed repeal of the Johnson Amendment. […]

06.18.18
Real Estate Group Newsletter – Spring 2018
Is a General Partner Fund Right for Your Deal? Justin Sylvan, CPA The process to launch a private real estate fund involves navigating a variety of structural complexities and business challenges. As the real estate boom reaches new heights, real estate private equity sponsors are becoming increasingly constrained and looking for new ways to fund […]

06.08.18
Law Firm Group Newsletter – Spring 2018
Is your firm ready to profit from data analytics? Joel Herman, CPA Data analytics is the process of using qualitative and quantitative techniques to increase productivity and business gain. Attorneys are increasingly seeing the value of data analytics when preparing for and trying cases. However, the potential value of number-crunching goes much further. Law firms […]

06.01.18
Wealth Management Group Newsletter – Spring 2018
What’s in the new tax law for you? Dan Newman, CPA You have likely already heard a lot about the Tax Cuts and Jobs Act (TCJA), which became law in late December. However, behind all the sound and fury, do you understand how the new tax law actually affects you? In general, the TCJA attempts […]