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Hot Topics / Insights

NFTs Draw Scrutiny from IRS

08.19.21 | BERDON VISION The popularity of non-fungible tokens (NFTs) is skyrocketing, with artwork, music, and sports memorabilia being the tip of the digital assets iceberg. NFT sales exceeded $2.5 […]

Crypto “Staking” – What is it and what are the tax implications?

Berdon Digital Advisory Team 08.05.21 | BERDON VISION As crypto transactions become mainstream, “staking” is becoming more common. Staking describes a way of being rewarded for participating in the blockchain […]

SBA Announces Borrower-Friendly Paycheck Protection Program Initiatives

Joseph Most 08.02.21 | Client Alert SBA Direct Forgiveness Portal On July 29, the Small Business Administration (“SBA”) announced that it will be launching a new direct Paycheck Protection Program […]

Why Implement a Qualified Retirement Plan?

John Fitzgerald 7.26.21 | Berdon Vision The headline in the lead editorial of the April 8, 2021, Wall Street Journal states: “New York Taxes Go Skyscraper High.” This is not […]

The NYS Pass-Through Entity Tax … Pay This Tax To Pay Less Tax

Wayne K. Berkowitz 6.8.21 | Client Alert For tax years beginning on or after January 1, 2021, eligible pass-through entities may elect to pay a New York Pass-Through Entity Tax […]

Initial Restaurant Revitalization Fund Guidance and Application Released

Joseph Most, J.D. 4.27.21 | Client Alert On April 17, 2021, the Small Business Association (“SBA”) released a sample application form and program guidance for the Restaurant Revitalization Fund (“RRF”). […]

NY State Budget Unleashes Aggressive Tax Hikes

Wayne Berkowitz and Ken Maeng 4.12.21 | Client Alert As of April 6, 2021, the Governor of New York State, Andrew Cuomo, and the State Assembly and Senate have agreed […]

New Enhancements to the PPP and EIDL Small Business Aid Programs

Joseph Most 3.30.21 | Client Alert SBA Increases Maximum COVID-19 EIDL and Extends Measurement Period On March 24, the Small Business Administration (SBA) announced that it was raising the maximum […]

How Will President Biden’s Tax Plan Impact Income Taxes on Businesses and Their Principals

Berdon Tax Team 3.29.21 | BERDON VISION Corporations For corporate taxpayers, President Biden’s tax plan would increase the tax rate to a flat 28%, the mid-point between the 21% flat […]