Insightsstream of knowledge
Anchin is excited for its annual fireside chat between Michael Belfer, CPA, CGMA and Rick Gould, CPA, J.D. on the current landscape of the PR industry, including the results of the 2017 Best Practices Benchmarking Survey and Billing/Utlilzation Surveys, as well as the impact of cybersecurity. Read More
Join Anchin for our twelfth annual State of the Construction Industry event on Tuesday, September 26, 2017. Read More
- New York Employers Must Offer Paid Family Leave in 20188/16/2017
Beginning in 2018, New York will join three other states that offer paid family leave, so that employees can more readily attend to matters such as the birth of a child or health issues.
- New York State Alcoholic Beverage Production Credit8/15/2017
The New York State Department of Taxation and Finance has expanded the applicability of the Alcoholic Beverage Production tax credit (formerly known as the Beer Production Credit). For tax years beginning after December 31, 2015, the credit is now available to registered distributors that produce beer, cider, wine and liquor.
- Anchin Private Client Wins NYSSCPA Family Office Cup for Second Consecutive Year8/14/2017
Anchin Private Client, the preeminent accounting, tax and consulting firm for high net worth individuals, families, and family offices has captured the New York State Society of CPAs’ annual Family Office Cup for the second consecutive year. Anchin Private Client, a specialized group within New York-based accounting firm Anchin, Block & Anchin LLP, developed the winning presentation based on the topic of “Family Legacy.”
- Suit Over Breach of Contract Stayed Pending Arbitration8/3/2017
When entering into a contract that contains a provision that requires arbitration for the resolution of disputes, the involved parties have, in fact, chosen to utilize an alternative dispute resolution to resolve conflicts instead of courtroom litigation. However, courts are supportive of arbitration as a means for resolving disputes and try, wherever possible, to uphold arbitration agreements.
- What to Consider When Buying a Boat7/31/2017
Enjoyment of boating and the life at sea is a passion that is truly timeless. Throughout history, advocates have spanned all ages, professions and tax brackets. While many find falling in love with boating to be almost automatic, making the decision to own a boat requires careful consideration.
- The Remodeling of the Luxury Home7/31/2017
The accumulation of wealth is often followed by the acquisition of more than one luxury property. Spending time and entertaining guests at a vacation or primary home becomes a source of pride and enjoyment for many families. To maximize their enjoyment in the time spent at each property, there is a trend of families reimagining the design of the luxury home, and remodeling it based on the latest trends.
- Art and Other Collectibles - Tax Consequences7/31/2017
Question: Why do you purchase and collect artwork and other collectibles? At first glance, such a question may not seem to have any connection to filing your annual tax return. However, the answers you give will go a long way in determining how any income you receive and expenses you incur as well as any gains or losses upon sale or disposition relating to your collectibles are reported on your tax return. Consider which of the following responses apply to you. Then continue reading to see the tax consequences of your answers.
- Haven’t Updated Your Estate Plan in a While? It’s time.7/26/2017
Co-Leader of Anchin Private Client, Jared Feldman, discusses the financial complexity and emotional issues around estate planning.
- Will Millennials Be Ready for the Great Wealth Transfer?7/18/2017
Co-Leader of Anchin Private Client, Jared Feldman, comments on the different approaches families take to educating their children about wealth and the importance of preparation.
- Key New York City Tax Breaks Extended7/12/2017
Valuable tax breaks for New York City businesses and developers were extended as part of New York State Assembly Bill 40001, enacted into law on June 29, 2017. The State's new omnibus bill renewed and extended programs that provide attractive financial incentives for businesses to remain in or relocate to Lower Manhattan and the outer boroughs.