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Public Relations/Advertising/Media

Sustaining Your Growth

The public relations and advertising industry is dealing with major change. The internet and social media have radically altered the way business is conducted. Global competition and increased consolidation have added further complication to an already complex business environment. Organizational structure and administrative functions need to be as efficient and as effective as possible. Firms require the tools and information necessary to develop the long-range strategic vision necessary to ensure healthy, sustainable growth.

From initial start-up through the various cycles of their business growth, success in this new world means getting relevant tax, accounting, and business advice from experts who have strong industry knowledge. Budgeting, cash flow projections, profitability analyses, revenue recognition, nexus and strategic tax planning are some issues agencies need to address.

Anchin's team currently serves some of the most well-known agency names in the industry. Whether you need an operational review, a capacity study, due diligence for a merger or acquisition, or the traditional range of accounting, auditing, and tax services, Anchin provides services optimized and customized for the unique structure and environment in which public relations and advertising agencies operate.

Services include:

  • Accounting, audit, and taxation
    • Financial reporting
    • Budgeting and forecasts
    • Obtaining bank financing
    • Profitability analysis
    • Cash flow projections
    • Pension planning
    • Retirement planning
    • Tax planning and compliance
    • Estate planning
    • Revenue recognition
    • Nexus issues
  • Management and information systems consulting
    • Succession planning
    • Operations review
    • Software selection, implementation and support
    • Time and billing systems
    • Internal control review
    • Accounting systems
    • Document imaging
    • Capacity studies
    • Disaster recovery planning
    • Merger and acquisition consulting/due diligence

Success Stories

  • Testimonial: J Public Relations

    “Partnering with Mike and the team at Anchin two years ago was one of the best business decisions we have made.  Anchin has an in-depth knowledge of the Public Relations industry.”

News

  • Crisis Communications and Data Breaches: How to Get It RightFebruary 4, 2019

    Makovsky's Malaika Nicholas sat down with John Curran, CEO and Co-CISO of Redpoint Cybersecurity, to better understand the causes behind data breaches, how and why businesses should prioritize cybersecurity prevention and readiness, and how to effectively respond to, and communicate about, a breach.

  • Finally Some Digestible Meal and Entertainment GuidanceOctober 3, 2018

    On October 3rd, the Internal Revenue Service released Notice 2018-76 providing transitional guidance on how the Tax Cuts & Jobs Act changes to the deductibility of Entertainment expense affects the 50% deductibility of business Meals that taxpayers and professionals had been hungering for. While the guidance is transitional, it provides clarity on some of the issues we had previously provided comments on:

  • Tax Cuts and Jobs Act Substantially Limits Meals and Entertainment DeductionFebruary 14, 2018

    The 2017 Tax Cuts and Jobs Act introduced some significant limitations to the meals and entertainment deduction. The new law makes two major changes to the meals and entertainment rules, which can impact your business.

  • How New Tax Law Will Impact PR FirmsJanuary 31, 2018

    Gould+Partners spoke with Michael Belfer, an accounting and audit partner at Anchin and leader of the firm’s Public Relations and Advertising Industry Group, to find out what agency owners and C-level executives need to know.

  • Tax Bill Impacts Service FirmsDecember 28, 2017

    On December 22, President Trump signed into law the “Tax Cuts and Jobs Act of 2017” (TCJA). The bill contains many provisions effective in 2018 that will significantly impact professional and non-professional firms.

  • Tax Cuts and Jobs Act Offers Favorable Tax Breaks for BusinessesDecember 28, 2017

    The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, contains a treasure trove of tax breaks for businesses. Overall, most companies and business owners will come out ahead under the new tax law, but there are a number of tax breaks that were eliminated or reduced to make room for other beneficial revisions. Here are the most important changes in the new law that will affect businesses and their owners.

  • Tax Reform Proposals Affect Partnerships and S CorpsNovember 16, 2017

    On November 9, 2017 the Senate Republicans released their version of tax reform. The Senate version has similarities to the House’s proposal, but there are some distinct differences, including the relief for small businesses.

  • Senate GOP Releases Tax Reform PlanNovember 14, 2017

    The Senate released its long awaited tax reform proposal. While many similarities exist with the House bill many differences also exist. Here are a few observations.

  • Compare and Contrast the House and Senate Tax BillsNovember 14, 2017

    Many of the House and Senate provisions are similar. For example, both plans would repeal the alternative minimum tax and retain the charitable contribution deduction. However, there are a number of key differences. Here’s a look at some of the most significant.

  • Year-End Tax Planning for Businesses: Looming Tax Reform Creates Planning ChallengesOctober 30, 2017

    As the end of 2017 approaches, the prospect of dramatic tax reform makes year-end tax planning especially challenging. In late September, the Trump administration and Republican congressional leaders unveiled their Unified Framework for Fixing Our Broken Tax Code. The framework proposes reduced tax rates for businesses as well as changes to a variety of business tax benefits. But there’s a great deal of uncertainty over when — and if — tax reform will be implemented and which proposals could make their way into possible new tax legislation.

  • The Introduction of Gen ZJanuary 26, 2017

    By 2020, Generation Z (“Gen Z”), individuals born in 1996 or later, will account for one-third of the United States population. We’ve charted the unique factors and influences that categorize today’s generation. 

  • How to Strengthen Your Budgeting EffortsJuly 14, 2016

    Michael Belfer, Public Relations and Advertising Practice Leader, tells Gould + Partners that agencies should keep an eye on performance and adjust their budgets as needed.

  • How Does Tax Reform Impact You?

    6 Recent Tax Law Changes That Technology Companies Need to Know07/25/2019 Automatic Extension Available for Making Portability Election1/31/2019 What Should Businesses Know About Qualified Opportunity Zones?1/15/2019 How Can…

Events

  • Hack Attack! Understanding Unauthorized Computer Data Access From the Client’s ViewpointOctober 2, 2019

    In this Data Security Webinar, presented by the PR Council, Russ Safirstein (Leader of Anchin’s Digital Risk Solutions Group) will explain the steps your clients must take as soon as they discover their computer system has been compromised. He’ll outline the risks, responsibilities, requirements and reporting deadlines that must be met with any data breach. so that you can be prepared with your crisis communications strategy.

Videos

  • Anchin Webinar: Tax Reform Discussion - How will the Bill Affect You? Get the Answers; Not Just the FactsJanuary 12, 2018

    In this recorded webinar, Anchin assembled a panel of top professionals from varying viewpoints, including Real Estate, Financial Services, Professional Services, Technology, and Private Client to have a Q&A session on the effects of the new tax reform.

  • A Conversation with Rick GouldNovember 12, 2015

    A lively exchange between Michael Belfer, CPA, CGMA and Rick Gould, CPA, JD on best practices for management of PR & Advertising Firms, hosted by…

  • Billing Rates and UtilizationNovember 12, 2015

    A lively exchange between Michael Belfer, CPA, CGMA and Rick Gould, CPA, JD on best practices for management of PR & Advertising Firms, hosted by Anchin.

  • In Business to Make ProfitsNovember 12, 2015

    A lively exchange between Michael Belfer, CPA, CGMA and Rick Gould, CPA, JD on best practices for management of PR & Advertising Firms, hosted by Anchin.

  • Calculating Billing RatesNovember 12, 2015

    A lively exchange between Michael Belfer, CPA, CGMA and Rick Gould, CPA, JD on best practices for management of PR & Advertising Firms, hosted by Anchin.

  • Commercial Rent TaxNovember 12, 2015

    A lively exchange between Michael Belfer, CPA, CGMA and Rick Gould, CPA, JD on best practices for management of PR & Advertising Firms, hosted by Anchin.

  • How To Create Viral Movements With Digital MediaApril 22, 2015

    Anchin, Block & Anchin LLP Partner Michael Belfer on panel discussing how to create viral movements with digital media at CoInvent Media Summit.…

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