New Requirements for Paying Freelancers in NYC

A strict new law in New York City imposes new requirements on anyone who hires freelancers to perform work as independent contractors.  The law, known as The Establishing Protections for Freelance Workers Act or “Freelance Isn’t Free Act” (“FIFA”), imposes … Continue reading

Posted in Bulletins

Panel Discussion : Future of the Profession

AKM Senior Accountant Deborah Hammett, CPA participated in a panel discussion on bridging the generations in accounting sponsored by The Accountants’ Club of America.  For more information on the lively, multi-faceted discussion, read the Accounting Today article.

Posted in News

Tax Planning Guide – NYSSCPA

AKM Partner Warren M. Bergstein’s guide to tax planning for individuals and small businesses has been published by the New York State Society of CPAs “Tax Stringer”: Federal Tax Planning Strategies for Individuals and Small Businesses – See more at: … Continue reading

Posted in Alerts, News

1099 Deadline is January 31st

As part of a number of rules and deadline changes  intended to make compliance easier for everyone, the IRS this year is requiring that 1099s for non-employee compensation be completed and distributed by January 31.  This is a month earlier … Continue reading

Posted in Alerts, News

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