NYWIFT : “Can I deduct it on my taxes?”

AKM Principal Nancy L. Adams will be speaking at New York Women in Film & Television “Can I deduct it on my taxes?” on January 9. Nancy will cover the rules for tax deductions, including deductions specific to the film … Continue reading

Posted in Events, News

Net Investment Income Tax

The Net Investment Income Tax “NIIT” was added to the Internal Revenue Code on March 30, 2010. It is imposed at a rate of 3.8% of certain net investment income of individuals, estates and trusts that have income above specified … Continue reading

Posted in Bulletins

Tax Filing Deadline Changes: What You Need to Know.

New Due Dates for Tax Returns/Changes to Extension Deadlines Beginning with tax year 2016 returns due in 2017, a number of filing deadlines have changed.  The primary purpose of the changes is to facilitate a more logical flow of information … Continue reading

Posted in Alerts, Bulletins, News

AKM 2016-2017 Tax Planning Guide

Planning for sustained prosperity. Click here to download AKM Tax Guide 2016-2017 [pdf] A number of tax breaks were finally made permanent in 2015, making tax planning easier in 2016 than in recent years.  However, some popular breaks were extended … Continue reading

Posted in Tax Guides

AKM Partner Jack E. Gold will be speaking at the New York State Society of CPAs

AKM Partner Jack E. Gold will be speaking at the New York State Society of CPAs “Closely Held and Flow Through Entities Conference” on November 9.  Jack will cover the increasing attention the IRS is giving to employees being classified … Continue reading

Posted in News

Act Now to Transfer Shares in Family Business

Limited Window of Opportunity for Owners of Family Businesses to Take Advantage of a Valuable Tax Break. The Treasury Department has issued “proposed final regulations” to eliminate a provision in the tax code that allows owners of family businesses to … Continue reading

Posted in Bulletins, News

“Is The Party Over?”

AKM Partner and Accountants Club of America President Warren M. Bergstein invites you to attend a luncheon with Ellison Henican, syndicated columnist and author. On September 19, 2016, Mr. Henican will join the Accountants Club of America to discuss his … Continue reading

Posted in News

Managing the CPA Profession’s Changing Demographics.

AKM Partner and Accountants Club of America President Warren M. Bergstein invites you to attend a luncheon conversation on the changing demographics of the CPA profession with Ralph Albert Thomas, CGMA, CEO & Executive Director of the NJ Society of … Continue reading

Posted in News

Businesses Pay a Steep Price for Failure to Issue 1099s

Businesses that do not issue Form 1099 as required have been in for some nasty surprises from the IRS lately.  There are several variations of Form 1099, but the primary one for business services is the 1099-MISC.  Beginning January 1, … Continue reading

Posted in Bulletins, News

When “the IRS” Calls, Hang Up, Don’t Hang On

In recent weeks, numerous taxpayers have reported receiving threatening phone calls “from the IRS.” If you receive such a call, hang up immediately; it is a scam. The IRS always communicates with taxpayers in writing via U.S. Mail. Do not … Continue reading

Posted in Alerts