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Kate Vasiliev Named Partner at Berman Goldman & Ribakow LLP

Columbia, Md. (June 26, 2018) –Berman Goldman & Ribakow LLP (bgr CPAs), a Mid-Atlantic regional accounting, audit, tax and consulting firm, today announced the promotion of seven individuals. “These seven outstanding individuals represent extremely diverse professional backgrounds and experiences that further enable our firm to deliver exceptional client service and growth for the firm,” said…

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Is Your Employee Benefit Plan in Compliance?

At bgr CPAs, we are committed to achieving the highest quality and most efficient audits possible with our specialized team of auditors. We have over 20 years of experience in performing employee benefit plan (EBP) audits and we presently audit the plans of over 30 firms. Our team of employee benefit plan auditors stays current…

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Top Questions CPA Firms Receive from Non-Profits

Special Events Why did my special event produce a profit but report a loss on Schedule G of Form 990? Why do I need to identify donor direct benefits from my special event costs? Isn’t the selling price of an event ticket the same as the fair market value of an event ticket? Board of…

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Offit Kurman Breakfast Bar Speaker Series hosted by Linda Ostovitz

How the New Tax Law Impacts Your Business Join us for a presentation on How the New Tax Law Impacts Your Business with Stephen Wolf, CPA, Partner, and David Houston, CPA, MST, Manager with bgr CPAs. DATE April 5, 2018 AGENDA 7:30 – 8:00 AM: Breakfast and Networking 8:00 – 8:30 AM:  Speaker and Questions…

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Significant Tax Savings for Pass-Through Businesses

The recent tax reform act created a new deduction for owners of certain pass-through businesses that could potentially create significant tax savings for many of our business owner clients who receive a substantial amount of their income from a pass-through entity. This new deduction is referred to as Section 199A, of the Internal Revenue Code…

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What are the New Partnership Audit Rules?

Starting in 2018, changes in the partnership audit rules will impact partnerships and LLC’s taxed as partnerships. The Bipartisan Budget Act of 2015 changed the partnership audit rules beginning in 2018 by making the partnership, not the partners, liable for payment of any assessments from an audit. Also, the audit adjustments will now be reflected…

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What are the New Sick Leave Requirements?

On January 12, 2018, the Maryland Healthy Working Families Act was passed. This override Governor Hogan’s veto of the Act that took place in May of 2017, in which he had proposed a different sick leave legislation. The law is currently scheduled to go into effect on February 11, 2018. This Act requires Maryland employers with…

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Changes Resulting from the Tax Cuts and Jobs Act

The tax reform legislation recently signed into law significantly changes the landscape for individuals and businesses beginning January 1, 2018, and continuing for many years to come. For many taxpayers, the changes made by the legislation present a host of tax planning challenges and opportunities going forward. It should be noted that most of the…

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Real Estate Tax Update

On December 27th, the IRS issued an advisory regarding the deductibility of real estate property taxes in light of the new tax law. The “Tax Cuts and Jobs Act” caps the 2018 property and state tax deduction at $10,000 for those who itemize their deductions. According to the IRS, the property taxes must be assessed…

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