Articles

6 Costly Accounting Mistakes NYC CRE Pros Make

The implementation of tax reform is on the horizon, and economists say it will be favorable for commercial real estate companies. The prediction has left many feeling uncharacteristically cheery about tax season. But New York City’s tax codes are notoriously complex, and not knowing the rules, or consulting a tax professional who does, can have dire […]

SMEs and Global Growth: Meeting Logistics Challenges

SMEs entering new foreign markets should pay close attention to efficient logistics—including finding a balance between outsourcing these functions and performing them in-house. A small or mid-sized enterprise (SME) establishing a presence in a new foreign market faces steep learning curves on several fronts. It must familiarize itself with the needs and preferences of a […]

6 Reasons Starting a Private Foundation May Be Right for Your Philanthropic Giving

As technology continues to advance, and the world continues to “shrink,” stories of social injustice, sickness, poverty, and many other important causes are increasingly prevalent. One of the most effective ways to make an impact is to provide assistance through charitable giving. And, while giving can take many forms, “private foundations” have taken on a […]

Treat Your Medical and Spa Business to a Financial Facelift

A Paper addressing the reasons why Plastic Surgeons should consider separating their Clinical Practice from Spa Services and the value it creates. Engaging an innovative team of financial professionals allows our clients to reduce their tax burden, cut costs, retain more earnings, address the exit and succession concerns of the practice, and provide for the […]

Fee Disclosures and Fiduciary Responsibilities Under ERISA

*Reprinted with permission of the New Jersey Society of CPAs The Employee Retirement Income Security Act (ERISA) Section 401(a)(1) requires fiduciaries of retirement plans to make decisions that are in the best interests of the participants of the plan. To assist fiduciaries in selecting and monitoring service providers, the Department of Labor passed regulations under […]

The New Challenge: Current Expected Credit Loss – Part II

In April 2017, Mazars published our first article on the new Current Expected Credit Loss (“CECL”) standard, under Accounting Standard Update (“ASU”) No. 2016-13. The new credit loss model will not be effective until after 2019, but institutions should have already been taking steps over the past year to understand and prepare for the impact. […]