Insights
PKF O’Connor Davies Promotes Noam Hirschberger to Principal-in-Charge of the Firm’s Valuation Practice
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today that Noam Hirschberger has been promoted to Principal-in-Charge of the Firm’s Valuation Practice
PKF O’Connor Davies Names Jonathan Moore as Partner-in-Charge of Advisory Services
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today that Jonathan Moore has been named Partner-in-Charge of the Firm’s Advisory Services division.
New Jersey Legalizes Marijuana
Gov. Phil Murphy signed three bills into law on February 21, 2021 that will legalize marijuana in New Jersey (NJ). New Jersey will join Maine, Vermont, and Massachusetts on the East Coast to now legalize marijuana.
Marijuana Business: Are Depreciation and Charitable Contributions Deductible?
A recent court case, San Jose Wellness (2021) 156 T.C. No. 4, has emerged in the marijuana industry highlighting the proper allocation of costs and the deductibility or disallowance based upon the specific facts.
PKF O’Connor Davies Survey: 9 in 10 Long Island Businesses Offered Raises Last Year Despite Dip in Economic Confidence
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced the results of its Long Island Economic Survey & Opinion Poll at a webinar hosted by the Firm on Tuesday, February 23, 2021.
Webinar Replay: Outlook 2021 – Long Island Economic Survey & Opinion Poll
This webinar highlights the new partnership of PKF O’Connor Davies and Albrecht, Viggiano, Zureck & Company, P.C. (AVZ). AVZ is […]
Enhancements and Extensions to the Employee Retention Credit
The 2021 Consolidated Appropriations Act included $900 billion in stimulus relief for the COVID-19 pandemic, including significant changes to the Employee Retention Credit. These changes will be beneficial to many nonprofit employers.
Emergency Grants to Individuals
Many private foundations have increased and expedited their grant-making efforts as a result of the economic impact of the COVID-19 pandemic.
Actuarial Considerations for Sponsors of Defined Benefit Plans
Plan sponsors typically engage a qualified actuary to provide actuarial services for defined benefit plans which they sponsor.
Increase in Charitable Deduction Limits for Nonprofit Organizations for Disaster Relief Contributions
Nonprofit organizations formed as corporations should be aware of a favorable provision that provides for an increased deduction limit for disaster relief contributions.
SEC Extends Annual Report Filing Deadline for Certain Smaller Broker-Dealers
Broker-dealers registered with the Securities and Exchange Commission (SEC) are generally required to file their audited financial report and either a compliance or exemption report within 60 days of the broker-dealer’s fiscal year-end.
Employee Retention Tax Credit: Relief for Private Clubs
Private clubs, like most businesses, are still being affected by government-related restrictions and shutdowns, and some private clubs, such as tax exempt 501(c)(7) clubs, are not able to take advantage of certain CARES Act relief provisions such as the Paycheck Protection Program (PPP) loans.