Private Client Services Wealth Advisor: Health Savings Accounts
Health Savings Accounts are increasingly common as health care reforms continue. We discuss the basics of HSAs and what you need to know when considering instituting one.
M&D Watch Newsletter
On behalf of the Manufacturing & Distribution (M&D) Practice Group, welcome to the June 2015 edition of M&D Watch. In this issue we explore a range of timely topics, with particular focus on the recently-completed 2015 Water Industry Outlook, performed by the Energy & Utilities Group. As always, the insights to be found in this survey are sure to be of value to the sector. General-interest articles that affect both individual industries and the entire M&D sector are also included. We hope that you will find them informative.
NonProfit Trends: Importance of an Employee Manual for NonProfit Organizations
Many not-for-profit organizations fail to address important operational and organizational formalities, such as an employee manual, because their focus is on their mission and goals. Smaller not-for-profit organizations may not believe an employee manual to be necessary when, in fact, any organization with more than one employee should have one in place. An employee manual is a key communication for both employees and employers – it acquaints employees with the organization’s history, culture and vision and informs them of the benefits and resources available. At the same time, an employee manual may protect the organization from legal claims, including those of discrimination, by creating an environment with clear expectations.
Private Client Services Wealth Advisor: Use and Maximization of Tax Credits
When a taxpayer, or their accountant, evaluates their tax standing, an important piece to consider is the use and maximization of tax credits. Every year new tax credits are added and existing credits are modified or removed entirely. Some credits are meant to encourage particular activities (i.e., energy efficient property, higher education), while others help offset necessary costs (i.e., child care, health insurance). Every tax credit carries its own unique blend of qualifications, requirements and benefits and many are reduced or limited after a taxpayer’s AGI (adjusted gross income) reaches or surpasses a specific threshold.
Other Recent Newsletters
NonProfit Trends Newsletter
Operating a not-for-profit entity requires significant management skills. These include people skills, programmatic skills in tune with the organization’s mission, fiscal skills and more. And, as the economic environment becomes more tenuous, these skills need to be shared by the right management team, leaving the era of “silos” behind.
Real Estate Advisor Newsletter
Recently, New York State enacted changes to the widely popular Brownfield Clean-Up Program (BCP). Although relatively modest, the amendments are important to anyone seeking to redevelop sites in New York.
HealthCare Trends - Spotlight on Physicians: Meaningful Use 2015
Successfully addressing Meaningful Use in 2015 for physicians presents a number of unique challenges. We outline the major things to look out for and how your organization can get prepared.
Financial Trends Newsletter
In this issue, we cover a number of important developments in the sector, including the recent call by the NYDFS for information on insurers’ cyber security measures, which comes as a follow up to their previous request for similar information on cyber security at banks, issued in December.
NonProfit Trends: Donor Advised Funds and How Nonprofits Can Effectively Work with Them (2015 - Issue II)
At a time when nonprofits are scrambling to replace funding from cutbacks in government programs, some fundraising professionals have noted significant amounts of money sitting just beyond their reach in Donor Advised Funds.
Private Client Services Wealth Advisor: Rental Properties - Special Tax Reporting Rules
The tax rules dealing with rental properties and their usage can be complex. We explain the basics and how you can best leverage tax rules when renting out your properties.
M&D Watch Newsletter
In the latest edition of our Manufacturing & Distribution Watch newsletter, we discuss technology company funding, changing Asian shipping patterns, sales tax Nexus, Solar Power, the water industry, and more. Download this issue now!
Media Insights Newsletter
In the latest edition we highlight our third edition of our annual Global Media Barometer – Challenged By Mobility and Multi-Screens. This study is devoted to the new wave of digitalization in North America and Europe, its financial impact on the media industry, and the risks it presents.
Private Client Services Wealth Advisor
As we move into 2015, there are a multitude of tax and other financial concerns that will affect high net worth individuals. Recent tax law changes have increased income taxes for many and reduced estate taxes, significantly altering the landscape of financial and estate planning. For example, many estate plans should shift focus to non-estate tax issues and toward maximizing income tax benefits to heirs.
Real Estate Advisor: 2014-2015 Annual Digest
As we move into 2015, many in the real estate industry continue to express optimism that strong fundamental improvement will continue in the next year thanks to increased availability of capital from foreign and institutional lenders and investors, as well as overall growth in the U.S. economy.
Financial Trends Newsletter
In the latest edition of our Financial Trends Newsletter, we analyze the top 10 changes to the Federal Financial Institutions Examination Council (FFIEC) 2014 Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.
Benefits Bulletin: How to Avoid a Last Minute or Late Form 5500 Filing (February Issue)
Thus far, there have been approximately 191,000 2013 calendar year end Form 5500 filings. Of those filings, approximately 47,000 (25%) were received within the last 3 days of the extended October 15th due date or after the due date. We explain three pitfalls to watch out for to help you avoid a time crunch or worse!
2014, A Year in Review - WeiserMazars Food & Beverage Sector
Companies in the Food & Beverage industry currently face many challenges. What role should digital marketing and social media strategic initiatives take in the next year? What factors most influenced 2014 sales growth and could continue to do so in 2015? How have they responded to the Affordable Care Act? The questions to these answers and more!
NonProfit Trends: 2014 - 2015 Annual Digest
Check out the latest and greatest from the Not-for-Profit industry! With an array of articles, webcasts, and a highlight on the big issues impacting Not-for-Profits in 2014, this year-end Annual Digest will cover everything you need to start 2015 off right!
Wealth Advisor: 8 To-Do Items for Year-End Income and Estate Tax Planning
December 1, 2014
Are you ready for the upcoming tax season? Read our latest article to find out if you’ve checked off these eight items from your year-end to-do list!
Financial Trends Newsletter
In the latest edition of our Financial Trends Newsletter, we explore financing options as healthcare reform unfolds and cover new and emerging credit risks in a low interest rate environment and increasingly competitive marketplace.
NonProfit Trends: Weak Cybersecurity Can Lead to Big Risks
November 25, 2014
Cybersecurity has long been a top concern for the private sector and government agencies, but not-for-profit organizations are now realizing the importance of cybersecurity to their operations. Cyber attacks are hugely costly in terms of both monetary loss and damage to an organization’s reputation – it’s most valuable asset.
Real Estate Advisor: Air Rights in New York City
November 19, 2014
New York City enacted the nation’s first comprehensive zoning resolution in 1916. Currently, with the exception of parkland and other open spaces, every square foot of the city is subject to zoning regulations. The sale of air rights has now attracted significant attention, primarily as a result of the height of the buildings that these sales have spawned and the high profile individuals purchasing residences in these projects for astronomical sums.
NonProfit Trends: Shaking the Foundation of the "Overhead Myth"
October 20, 2014
As the not-for-profit sector moves toward greater transparency, organizations are facing a previously unknown level of scrutiny from the public, the government, and even from client communities. This new "Overhead Myth" - the idea that the only effective not-for-profit organization is one with a low overhead - is harmful because an organization must be evaluated based on its results, not on its "cost of doing business."
Real Estate Advisor: New Rules - Start-Up & Organizational Costs after a Technical Termination
October 9, 2014
There has long been a debate among professionals as to the method for achieving tax compliance when handling start-up and organizational costs after a technical termination. The IRS recently released final regulations to address and clarify this issue.
Wealth Advisor: Contributions of Appreciated Securities and Collectibles
September 11, 2014
Smart charitable planning combines charitable intent with tax-savings planning techniques. Contributions of long–term appreciated property can generate favorable tax benefits. Gifts of such appreciated property provide a double tax benefit to those high net worth individuals with philanthropic interests – a charitable deduction (in most cases for the full fair market value of the property) and elimination of the tax that would have resulted had the appreciated property been sold.
Real Estate Advisor: Foreign Investment in U.S. Real Estate
September 3, 2014
One need only walk down a major New York City avenue to witness explosive growth in commercial real estate. U.S. owners, operators, and developers (OOD) are always in need of capital, and foreign markets are eager to supply it. Yield-starved investors, seeing signs of rising inflation, have long understood the benefits that accrue from purchasing hard assets in U.S. denominated currency to protect their capital. Although the U.S. Treasury market may be more secure, it has no upside, and with the threat of rising rates from the tapering off of quantitative easing, investors are savvy to seek a safe haven in U.S. real estate.
Benefits Bulletin: Avoiding the Pitfalls of Employee Benefit Plan Administration
August 11, 2014
Complex government regulation and constantly-changing legislation make employee benefit plan administration complicated and time-consuming. Knowing common pitfalls and how to avoid them will help ease the complexity for plan administrators. Learn about three of the most common pitfalls in our latest Benefits Bulletin.
NonProfit Trends: Succession Planning for Not-for-Profits: Preparing for a storm
July 31, 2014
When a hurricane, tornado or other natural disaster approaches, we prepare by stocking up on food, water and batteries and hunkering down at home. It may be a while before we can replenish our supplies and these items are vital for our survival. Although a literal storm may not be headed towards the not-for-profit sector, there is a tumultuous period ahead. Sadly, many executives and boards seem oblivious to this looming threat.
Private Client Services Wealth Advisor: Charitable Contributions via Donor Advised Funds vs. Private Foundations
June 30, 2014
According to a report researched and written by Indiana University’s Lilly Family School of Philanthropy and published by the Giving Institute, in spite of the economic downturn, Americans donated more than $298 billion in 2011 and over $316 billion in 2012. In this month’s Wealth Advisor Newsletter, we discuss the pros and cons of making charitable contributions through Donor Advised Funds as compared to Private Foundations.
HealthCare Trends: Meaningful Use - Is Your Organization Prepared for an Audit?
June 24, 2014
Meaningful Use (MU) participation is at an all-time high, leading to an inevitable surge in audits. Preparing for a potential audit is crucial in this all or nothing program, where documentation shortfalls can lead to big losses. With millions of dollars at stake, the time to secure past and future incentive payments is now.
Real Estate Advisor: RPIE Filing Deadline Moved to June
May 12, 2014
The New York City Department of Finance requires the owners or the owners’ representatives (“Owners”) of income-producing property in New York City, that have an actual assessed value (“Total Actual AV”) of more than $40,000, to file an annual Real Property Income and Expense statement commonly known as an RPIE. New York City has moved the annual filing deadline three months earlier to June 1st.
Private Client Services Wealth Advisor - A Comparative Analysis of the SEP-IRA and the Solo 401k Plan
May 6, 2014
A major concern for self-employed individuals, and particularly sole proprietors, is how to save for retirement. A sole proprietor needs both flexibility in determining annual contributions and administrative simplicity from a retirement plan. There are numerous plan designs from which a sole proprietor may choose, including defined benefit plans and profit sharing plans.
NonProfit Trends - Has Your Not-for-Profit Organization Outgrown its Accounting Software
April 1, 2014
Each not-for-profit organization has its own unique management needs. And, though the particular type of not-for-profit may vary, providing high quality service with stellar administration is required by all. It is impossible to achieve these goals, promote automation and reduce expenses without a robust, efficient accounting system.
Private Client Services Wealth Advisor - The Home Mortgage Interest Deduction
March 26, 2014
In 1913, when the original U.S. tax system was revamped and the federal income tax re-imposed, it included a deduction for all interest paid. While personal interest (interest on personal loans and credit cards) was originally deductible, today's interest deduction is limited to investment interest expense and home mortgage interest. Read more in our most recent Wealth Advisor.
Private Client Services Wealth Advisor - The Changing Home Office Deduction
February 14, 2014
In this issue, we discuss changes to the IRS rules related to the deduction for business use of a home. The update both simplifies the deduction and eliminates its status as an audit red flag. Learn more about how you can get the most value from your home office deduction in the full article.
Real Estate Advisor - Annual Digest
February 5, 2014
As a trusted business advisor to the Real Estate community, we are dedicated to helping you and your company face the challenges of the year ahead and realize every possible opportunity. View our Annual Digest for an introduction to 2014's major issues.
NonProfit Trends - Annual Digest
January 22, 2014
As a trusted business advisor to the Not-for-Profit community, we are dedicated to helping organizations face the challenges of the year ahead with our audit, tax and consulting expertise. View our Annual Digest for an introduction to 2014's major issues.
NonProfit Trends - December 2013
December 23, 2013
In this month's NonProfit Trends, we discuss the how in the current not-for-profit environment, with revenues tight, expenses increasing, and more “competition” from other service providers, not-for-profit organizations must be focused and effective.
HealthCare Trends - December 2013
December 13, 2013
In this month's HealthCare Trends, we interviewed Dr. Michael Siegal, who recently joined the WeiserMazars Health Care Group as Chief Medical Officer, on the early challenges and possible long term implications of the Affordable Care Act (ACA).
Real Estate Advisor - December 2013
December 10, 2013
In this month’s Real Estate Advisor, we speak about the real estate professional and the new 3.8% unearned income medicare contribution tax, which becomes effective January 1, 2013 as part of the Internal Revenue Code (IRC) 1411.
Real Estate Advisor - November 2013
November 19, 2013
In this month’s Real Estate Advisor, we discuss the accountant's role in filing of a tax certiorari, the legal process by which a property owner can challenge a real estate tax assessment, in New York City.
Real Estate Advisor - October 2013
October 31, 2013
In this month’s Real Estate Advisor, we speak about the new proposed accounting standard related to accounting for leases and the contrevery and criticism it has received from landlords, tenants, other lessors and lessees of all types since orginally proposed in 2010.
NonProfit Trends - October 2013
October 30, 2013
In this month's NonProfit Trends, we discuss the IRS Form 990. The form is a familiar feature of the working lives of all those engaged with the not-for-profit sector. It is completed and filed each year to comply with IRS requirements, undergoing some changes over the years, including a major overhaul just a few years ago, so as to better serve as a tool for monitoring the activity of this robust industry.
Real Estate Advisor - September 2013
September 30, 2013
In this month’s Real Estate Advisor, we speak about the new legislation that requires all homeowners receiving a Basic STAR exemption to re-register with the New York State Tax Department by December 31, 2013, in order to receive the exemption in 2014 and subsequent years. STAR is the New York State School Tax Relief program that provides a partial exemption for owner-occupied, primary residences from school property taxes.
Financial Trends Newsletter – Latest on The Good Bank and Broker Dealer Alert - September 2013
September 18, 2013
In the latest edition of our Financial Trends Newsletter, we discuss changes for broker dealer audits and provide coverage of the Good Bank Initiative, including the executive summary from the Good Bank Report – the document that compiles the Initiative’s full findings.
NonProfit Trends - July/August 2013
August 12, 2013
In this month's NonProfit Trends, we discuss the importance of a well-defined relationship beween a company's CFO and its external auditor. Also discussed is how Section 403(b) Plans, known as tax-sheltered annuities, can help correct document failures.
Real Estate Advisor - July 2013
July 30, 2013
What is an RPIE? If you own income-producing property in New York City and are not filing an annual RPIE, or Real Property Income and Expense statement, you may be subject to penalties for not filing by September 3, 2013. Read our alert for more information.
Inside the Good Bank
June 4, 2013
This special newsletter "Inside The Good Bank" includes a one-on-one interview with Geoffrey Miller, Director of the Center for Financial Institutions at NYU School of Law. Partners Stephen Brecher and Susan Grbic also discuss the importance of transparency in global tax law. To join the online global conversation, ongoing through July, click here!
HealthCare Trends - May 2013
May 23, 2013
In this month's HealthCare Trends, we speak about the change that the U.S. Health Care system is experiencing as a result of new technologies coming into the market and the ample opportunities investors have to make investments in the sector.
NonProfit Trends - May 2013
May 10, 2013
Recent financial scandals, concerns over executive compensation and instances of fraud have increasingly landed not-for-profit organizations in the headlines. In this newsletter, we discuss the importance of Enterprise Risk Management to not-for-profits and how to implement it in your organization.
NonProfit Trends - March 2013
March 15, 2013
In this newsletter, our professionals point out common pitfalls that nonprofits can avoid and discuss the correct way to approach unrelated business income tax (UBIT). Also included are instructions for completing the newly redesigned Forms 990 and 990-EZ.
NonProfit Trends - January 2013
January 16, 2013
January’s NonProfit Trends Newsletter discusses ways to streamline the organization/auditor relationship, compliance with Obamacare and distributions from IRAs to charities. Click above to read the full stories.
Benefits Bulletin - June 2012
June 13, 2012
In this newsletter, learn more about how to maximize your employee benefits program. This issue includes features that discuss the advantages and disadvantages of the Simplified Employee Pension Plan, plan fiduciaries, and 401(k) annuity purchases.
Financial Trends Review - May 2012
May 31, 2012
Presented by the WeiserMazars Financial Services Group, this newsletter includes features on the newly released FATCA compliance requirements, the dependency of many companies on Microsoft Excel and the difficulties surrounding repo deal requirements.
Real Estate Advisor - April 2012
Here, you can read more about the S.E.C.'s recent shift in focus to the private equity industry, a new foreign asset reporting requirement and options to manage qualified real property business indebtedness.
M&D Watch - April 2012
This newsletter includes features on the DCF method of business valuation, the importance of proper due diligence evaluations and the simplified FASB goodwill impairment rules.
Media & Entertainment Insights - March Issue
March 30, 2012
At the Gotham Media Ventures Digital Breakfast, entitled Navigating Media’s New Frontier (sponsored by WeiserMazars), media business leaders were asked whether there is an evolving formula to monetizing content. Read our article and view highlights here.
Wealth Advisor - March Issue
March 29, 2012
This newsletter includes a feature on women and wealth planning and also contains insights on the tax treatment of expatriates, a new 2013 investment tax and the taxation of stock purchased in a foreign currency.
Benefits Bulletin - February Issue
February 22, 2012
Covered in this newsletter are topics such as the Qualified Automatic Contributions Arrangement and new Form 8955 Benefit Filing Requirements. Also, read about the importance of understanding your plan document and meeting your fiduciary responsibilities.
Media & Entertainment Insights
February 15, 2012
This newsletter includes a feature on electronic publishing as well as insights on debt, revenue and consolidation. In addition, learn about a two step impairment test for goodwill and hear our thoughts on the latest buzz from the media marketplace.
Financial Trends Review - January Issue
January 27, 2012
This newsletter includes features on upcoming PCAOB changes for broker dealer audits as well as the details of the newly approved SSAP No. 101. Plus, read our recently published article, "What Do Boards and CFOs Really Need From Each Other in 2012?”
Nonprofit Trends - January Issue
January 11, 2012
This newsletter includes features on the benefits of strategic alliances, the necessity of strong governance and the importance of fraud prevention. Plus, learn about how you can make your budgeting process easier and more effective.