Little-Known Tax Fact: Does It Pay to Play? Olympic Awards and the IRS

Posted July 25, 2024 by AKMCPA Team

With the 2024 Summer Olympics commencing in Paris, we thought it would be fun to dig into the obscure corners of the tax code and offer up this fun tidbit. Prior to 2016, an Olympian who received a medal was … Continue reading →

Posted in News

Do You Have an Exit Plan to Monetize Your Business?

Posted June 11, 2024 by AKMCPA Team

We are inviting you to join us on Wednesday, June 26th at 11:30am for an hour webinar to learn about all the options one has to “exit” out of their business AND get paid their fair share. It’s all about knowing … Continue reading →

Posted in Events, News

ALERT: This May Be Your Last Chance to Avoid Penalties On Inherited IRAs

Posted June 7, 2024 by AKM Team

The SECURE Act (Setting Every Community Up for Retirement Enhancement) of 2019 significantly changed a number of rules governing retirement accounts and minimum distributions from them.  Certain non-spouse inheritors of IRAs were among those most affected.  Previously, under so-called “stretch” … Continue reading →

Posted in Alerts, News

Updated Alert: Corporate Transparency Act Requires Action from Most Businesses

Posted May 2, 2024 by AKMCPA Team

In December of last year, we sent out notice that most businesses will need to file statements identifying their primary owners.  Subsequently, we have received additional information about filing deadlines.  We also want to reiterate that penalties for failing to … Continue reading →

Posted in Alerts, News

Webinar: The Role of Estate and Gift Tax in Financial Planning

Posted March 12, 2024 by AKMCPA Team

On March 18, 2024, 12pm ET, Warren Bergstein, CPA, AEP® presented this myCPE Webinar. View the presentation here.

Posted in Events, News

AKM 2023-2024 Tax Guide Now Available

Posted February 29, 2024 by AKMCPA Team

Tax planning remains a critical challenge for higher-income taxpayers This year’s tax guide provides a great deal of useful information to help with your tax and financial planning – particularly if you are a higher-income taxpayer or business owner.  The … Continue reading →

Posted in News, Tax Guides

The Small Business Development Center at CSI Presents its Annual Federal & State Tax Forum for 2024

Posted January 9, 2024 by AKMCPA Team

Learn about how the Corporate Transparency Act will impact you & your small business and get tips on how to survive the changes. There will be an opportunity to speak to the experts, Warren M. Bergstein, CPA, AEP and Jack Gold, … Continue reading →

Posted in Events, News

Alert: Corporate Transparency Act Requires Action from Most Businesses

Posted December 14, 2023 by AKMCPA Team

In 2021 Congress passed The Corporate Transparency Act (“CTA”) to identify bad actors and fight various illegal activities, including laundering money and providing funding for terrorists.  CTA specified that various business entities would need to file information with the Financial … Continue reading →

Posted in Alerts, News

Important Updates for Taxpayers with Foreign Investments

Posted October 9, 2023 by AKMCPA Team

U.S. taxpayers who have foreign accounts that have aggregated more than $10,000 in 2022 and/or 2023 are required to file a report of Foreign Bank and Financial Accounts (FBAR). The IRS has issued new guidance for these forms and is … Continue reading →

Posted in News

The Help You Need, When You Need It

Posted September 29, 2023 by AKMCPA Team

Owners of closely-held businesses rely on their AKM CPA teams to help with tax planning and compliance. But did you know that there’s a lot more we can do for you? Read more

Posted in Firm Overview