Please join Peter J. Scalise, Director & Federal Tax Credits & Incentives Practice Leader of Prager Metis, at the Alzheimer's Association International Conference on Tuesday, August 2nd, 2022, at 8:00 am.
Prager Metis is proud to sponsor the Bethel Woods Center for the Arts 2022 Pavilion Season. Bethel Woods is a non-profit cultural organization located at the historic site of the 1969 Woodstock festival, inspiring many new artists, and providing lively entertainment to the community.
Prager Metis would like to wish Ricardo Aramburo Williams a warm congratulations for being appointed GGI's International Taxation Practice Group (ITPG) Latin American Region Chairperson!
Prager Metis would like to extend a warm congratulations to Lori A. Roth, CPA/ABV, CFF, Global Managing Partner for ranking #4 on the NJBIZ 2022 Power 50 Accounting List!
Congratulations to CEO, Glenn L. Friedman, CPA, CGMA and Global Managing Partner, Lori A. Roth, CPA/ ABV, CFF for their recognition on the 2022 NJBIZ Accounting Power 50 list.
Many of the suspensions and extensions that were put in place during the pandemic relating to tax notices and collection efforts have been lifted. Robbin Caruso offered her insight regarding what this means for individuals and businesses who owe taxes to the IRS in this Accounting Today article
Recently Jerry Eitel, Chief Metaverse Officer, was featured in Authority Magazines article "Makers of The Metaverse: Jerry Eitel Of Prager Metis On The Future Of The VR, AR & Mixed Reality Industries."
Prager Metis is proud to support FTX US, a major player in the crypto market while continuing to build our relationship with them. They are growing the digital currency ecosystem and offering U.S. traders a platform that inspires their loyalty. Check out the picture below, as our team recently went to a Yankee game with FTX.US and had a great time!
Prager Metis would like to wish a warm congratulations to Global Managing Partner Lori A. Roth, CPA/ABV, CFF, for winning the NJCPA 2022 Woman to Watch Ovation Award.
Please join Jay L. Levine, Partner of Prager Metis, for this informative session at the NJCPA Convention, where he will be a panelist speaker on “Financial Statement Challenges for Private Entities and Practitioners”
Prager Metis is proud to be recognized as the first CPA firm to officially open its headquarters inside the #metaverse in beincrypto.com's recent article. Check out our office in Decentraland below.
We extend a warm congratulations to Diane L. Walsh for being named one of Crain’s New York Business’s Notable Leaders in Advertising, Marketing, and PR.
Prager Metis is proud to sponsor the Platinum Minds “Leading The Way" fundraising dinner on May 16, 2022, at The Olde Mill Inn and Grain House Restaurant in Basking Ridge, New Jersey.
Jerry Eitel, CPA, Chief Metaverse Officer of Prager Metis, was recently quoted in CBS News' "Virtual land rush is driving up the cost of space in the metaverse."
Prager Metis extends a warm congratulations to Kayo M. Elkner, Director, for being recognized in the Los Angeles Business Journal’s Leaders of Influence: Minority CPAs 2022. The special recognition profiles a cross-section of outstanding professionals for their accomplishments and dedication to their clients, company, community, and the accounting
Prager Metis is proud to announce Marianna Mooney, CPA, was recognized for her exceptional performance, being named one of the 25 most powerful people in Long Island Accounting.
Jerry Eitel, Chief Metaverse Officer, was recently featured on Accounting Today's podcast with Dan Hood, "Why the Metaverse matters to you." The #metaverse isn't just some virtual space.
Don't miss E. Martin Davidoff, Partner-in-Charge, National Tax Controversy, and Alison Gadoua, Tax Controversy Specialist, along with Guy Esposito, IRS Manager as they speak at the Middlesex County Bar Association's Tax Law/Real Estate Law CLE Program on May 2, 2022. They will be discussing Selling Real Estate with IRS Liens.
Robbin Caruso was recently featured in Real Estate Bees "5 Important Tax Benefits of Real Estate Investing and Tax Saving Strategies for Investors". Robbin discusses how an investor may be able to avoid capital gains on real estate and rental income.
Prager Metis is proud to announce MetaMission One (MM1)! In conjunction with SPACEONE Industries and Banquet Labs, this project is a special collaboration on a first-ever limited-edition Astro Chip NFTs and digital wearables that are activated to mint by an Application Programming Interface (API) from space.
In his most recent article, CEO Glenn L. Friedman discusses the value of a career in public accounting. Many people have an outdated idea of what a public accountant does, their work/life balance, and how this career can change others' lives and your own. Read "The Real Story of What a Career in Public Accounting Can Provide" and find out how a car
Brian Goldblatt, Prager Metis’ Digital Assets Industry Leader, was quoted in U.S. News' article "Is Bitcoin Worth Investing In?". The article discusses how Bitcoin fits in your investment portfolio, the risks of owning cryptocurrency, and the future of the cryptocurrency.
Ladidas Lumpkins, Partner-in-Charge of Private Wealth Services, was recently featured in GGI's Spring 2021 Trust and Estate Newsletter.
Recently featured in New Jersey Business Magazine, CEO Glenn Friedman, CPA, CGMA, and Global Managing Partner Lori A. Roth, CPA/ABV, CFF sat down for an interview on Steve Adubato's Lessons in Leadership with co-host Mary Gamba.
Robbin E. Caruso was recently featured in Sound Dollars "How to Make Tax Filing Easier". Robbin discusses how to efficiently prepare for this year's tax deadline by being organized, setting aside the appropriate time to do your taxes and that tax rules have changed since previous years
Prager Metis is pleased to sponsor ReNew Jersey Business Summit 2022: A Time for Answers! April 13th - 14th.
E. Martin Davidoff, was recently featured on Josh Jalinksi's podcast "Financial Quarterback". He talks about what individuals and businesses need to know about tax planning strategies for cryptocurrency, real estate, and state and federal taxes.
NEW YORK, March 28, 2022 – Prager Metis, a leading international advisory and accounting firm, appointed Jerry Eitel as Chief Metaverse Officer (CMVO) to oversee the firm’s Metaverse strategy and operations.
In January, Prager Metis became the first CPA firm to set up shop in the Metaverse. In partnership with Banquet LLC, we opened our three-story digital structure in the Decentraland metaverse platform, where we’re offering real-world accounting, tax, and advisory services.
E. Martin Davidoff, Partner-in-Charge of the National Tax Controversy Practice, Prager Metis CPAs, joined host John Ray on 𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘓𝘦𝘢𝘥𝘦𝘳𝘴 𝘙𝘢𝘥𝘪𝘰 to cover several important tax issues for this tax season.
In a recent press release, the Alzheimer’s Association recognized Prager Metis for making "Big Strides in Walk to End Alzheimer’s". The article highlights our firm’s fundraising efforts to raise funds and awareness for Alzheimer’s care, support and research.
We congratulate CEO, Glenn L. Friedman, CPA, CGMA, and Global Managing Partner, Lori A. Roth, CPA/ ABV, CFF on their recognition in the ROI Influencers: Power List 2022!
We congratulate CEO, Glenn L. Friedman, CPA, CGMA, and Global Managing Partner, Lori A. Roth, CPA/ ABV, CFF on their recognition in the ROI Influencers: Power List 2022! ROI quoted, "Ahead of the curve? Prager Metis became the first CPA firm to officially open a headquarters in the metaverse."
As the first CPA firm to establish office space in the Metaverse, other businesses and major financial institutions are also buying land in Decentraland. There is a prediction that the Metaverse will create a yearly market opportunity of $1 trillion.
There are special tax complications this year for remote workers who moved to another state during the pandemic and for their employers.
The Metaverse is an ever-growing space for businesses to build opportunities. From real estate, music venues, fashion shows, virtual reality, clothing stores, and so much more! Traditional opportunities are changing, business models are changing, networking is changing, and Prager Metis is at the forefront of it all.
With calls to the IRS reaching record levels during tax season, excessively long hold times have become the norm. This can create real issues for tax professionals who need regular access to IRS services. Marty offers his views on businesses which offer an alternative and help tax practitioners better serve their clients.
Robbin Caruso, Prager Metis Partner and Co-leader of the firm's National Tax Controversy practice, weighs in on the expansion of the Child and Dependent Care Credit and benefits it can afford eligible taxpayers in this CBS News article
If you did not receive the full amount of the 3rd stimulus payment you were entitled to in 2021 and are requesting a Recovery Rebate Credit, it's important to correctly report the stimulus payment you received.
Robbin Caruso, Partner and Co-leader of Prager Metis’ National Tax Controversy practice offers some guidance in “87% of People Plan To File Their Taxes Early — Here’s Why You Should Be One of Them,” published by GoBankingRates.
Don't miss this! Recently E. Martin Davidoff, CPA, Esq., Partner of Prager Metis, was featured on Accounting Today's podcast "Surviving Tax Season." E. Martin Davidoff talks about why you can't manage all interactions with the IRS on your own and the major issues practitioners should be aware of for the rest of the season.
Robbin Caruso, Co-Leader of Prager Metis' National Tax Controversy Practice, delves into the tax filing issues and obligations that remote workers may have in this Q&A
Prager Metis is quickly gaining recognition in the Metaverse. So much so that Prager Metis was coined a "pioneering company" for acquiring land and office in the Metaverse. The Entrepreneur's article
Yahoo News looked to Robbin Caruso, Partner and Co-leader of Prager Metis’ National Tax Controversy practice, for some guidance in their recently published article, “3 Tricky Tax Filing Issues – And How to Handle Them.”
Robbin Caruso, CPA, CGMA, Partner and Co-leader of Prager Metis’ Tax Controversy Services, weighs in on possible tax implications for telecommuters and remote workers who work from a state which is different from where they normally work in this Accounting Today article.
Recently, Jerry Eitel, CPA, Office Managing Partner of the Metaverse of Prager Metis, was quoted in PBS' NJ Business Beat with Rhonda Schaffler's "Into The Metaverse: How businesses can benefit".
Recently Glenn L. Friedman, CPA, CGMA, CEO of Prager Metis, was quoted in CPA Practice Advisor's article "States Looking at Taxing the Metaverse, But What is It?".
The question is: Do you have to pay taxes on money you didn't receive in connection to identity theft?
Recently Glenn L. Friedman, CPA, CGMA, CEO of Prager Metis, was quoted in Digital Music News' article "Warner Music Group Partners With The Sandbox for Virtual Concert Venues". The article discusses virtual theme parks, venues, concerts, and so much more, including digital real estate and virtual business meetings in the metaverse.
January 1, 2022 – New York, NY — Prager Metis, a leading accounting and advisory firm with offices in North America, Europe, Asia, and the Metaverse congratulate Stuart H. Mayer on his promotion to Regional Managing Partner - New York Metro, effective January 1, 2022.
When Governor Murphy signed the Pass-Through Business Alternative Income Tax (“BAIT”) into law, it allowed pass-through entities to elect to pay tax on behalf of the owner’s share of distributive proceeds. The owner may then claim a refundable tax credit on their return for the amount of tax paid by the pass-through entity on their share of distrib
January 1, 2022 – New York, NY — Prager Metis, a leading accounting and advisory firm with offices in North America, Europe, Asia, and the Metaverse congratulates Michael J. Aroyo on his promotion to Regional Managing Partner - New Jersey, effective January 1, 2022.
In case you missed it! CEO Glenn Friedman, CPA, CGMA, and Global Managing Partner Lori A. Roth, CPA/ABV, CFF sat down for an interview on Steve Adubato's Lessons in Leadership with co-host Mary Gamba.
Prager Metis Announces 2022 Promotions Jackie Bai, Scott Davis, and Corey Neubauer Named Partners of the Firm
January 1, 2022 – New York, NY — Prager Metis, a leading accounting and advisory firm with offices in North America, Europe, Asia, and the Metaverse congratulates Jackie Bai, Scott Davis, and Corey Neubauer on their promotions to Partner, effective January 1, 2022.
Prager Metis Announces 2022 Promotions, Naming Patricia Hamilton, Satang Janneh, Runa Spataru, and Michael Raiken Principals of the Firm
January 1, 2022 – New York, NY — Prager Metis, a leading accounting and advisory firm with offices in North America, Europe, Asia, and the Metaverse congratulates Patricia Hamilton, Satang Janneh, Runa Spataru, and Michael Raiken on their promotion to Principal, effective January 1, 2022.
Prager Metis Announces 2022 Promotions, Naming Arvinder Matharu, Principal and Mark Carter, Partner of the Firm
January 1, 2022 – New York, NY — Prager Metis, a leading accounting and advisory firm with offices in North America, Europe, Asia, and the Metaverse congratulates Arvinder Matharu on his promotion to Principal and Mark Carter, now Partner of the London office, effective January 1, 2022.
Prager Metis Congratulates Marianna Mooney on Her Promotion to Managing Partner – Long Island Office
Prager Metis, a leading advisory and accounting firm with offices in North America, Europe, Asia, and the Metaverse, announces the promotion of Marianna Mooney to Managing Partner-Long Island Office effective January 1, 2022. Marianna has over twenty years of experience within the accounting industry and takes great pride in providing high-value se
NEW YORK, Jan. 7, 2022 – Prager Metis, a leading international advisory and accounting firm, becomes the first CPA firm to officially open its Metaverse headquarters in the metaverse platform Decentraland.
Prager Metis is pleased to sponsor iConnections Global Alts, January 24-27! This conference features indispensable networking opportunities as well as presentations and fireside chats from thought leaders at the forefront of the alternative investment industry in Miami.
Prager Metis is proud to announce a new strategic partnership between Prager Metis International and Value Services SpA
Prager Metis is proud to announce a new strategic partnership between Prager Metis International and Value Services SpA, an Italian consulting firm specialized in unlocking funding provided by European, National, and Regional institutions. This partnership was formed to fulfill the growing need for the international expansion of our clients. Prager Metis and Value Service will work together to promote the expansion of Italian companies towards the U.
Congratulations to Thomas Smith, Bruce Kolbrenner, Lahteefah Parramore, Simon Winters, Mark Carter, Maren Stenseth, and Jennifer Coyne for being named to Variety’s 2021 Business Managers Elite. Thank you for being part of our team and to our entire team for all your hard work! Click here to see the full list of honorees:
Prager Metis is proud to be a silver sponsor for the GWSCPA 2021 Nonprofit Symposium on November 16th-November 18th, 2021. Registration for this annual conference is open to all who work with nonprofit organizations and includes the virtual sessions in November as well as additional sessions in December and January.
Thomas Smith and Jennifer Coyne named to Trusted Advisor’s 2021: “Future of Business Management” List
Congratulations to Thomas Smith, Partner, and Jennifer Coyne, Director, for being named to Trusted Advisor's 2021: “Future of Business Management” list. Honorees represent a talented, multi-faceted, and pro-active business management industry that is changing as fast as our definition of “entertainment” changes. This list is a holistic and all-enco
Don't miss E. Martin Davidoff, Partner-in-Charge, National Tax Controversy, as he presents at the CPA Academy's web course "IRS OFFERS IN COMPROMISE: A CASE STUDY - CONDENSED VERSION" on November 16, 2021. This condensed workshop takes participants on a hands-on journey through the financial disclosure aspect of the IRS Offer in Compromise process,
The digitization of the media and entertainment industry has transformed most aspects of its global supply chain, from the creation and acquisition of content to processing, editing, and global distribution. In addition to dramatically eroding the constraints of distance, time, and transaction costs, the digitized supply chain provides the opportun
Congratulations to Lori A. Roth! Recognized in Los Angeles Business Journal’s 2021 Leaders of Influence: Women in Accounting list
Prager Metis extends a warm congratulations to Lori A. Roth, CPA/ABV, CFF, Co-Managing Partner, for being recognized in the Los Angeles Business Journal’s 2021 Leaders of Influence: Women in Accounting list. The special recognition profiles a cross-section of outstanding women professionals for their accomplishments and dedication to their clients,
With a population of over 300 million people, the US is a prime destination for investment by foreign companies. Tune in on November 10th as Andrea Fantozzi, Partner, Italian Global Services Leader and Fernando Lopez, Principal, International Tax Leader discuss global structure considerations and opportunities when doing business in the US.
Join Partner, Karen Kerby as she discusses ESG and Impact Investing: Issues Affecting the Alternative Investment Industry on November 18, webcast hosted by the Foundation for Accounting Education at its Alternative Investment Fund Conference: November 18, 8:30 am- 4:35 pm.
Join the NJ Chamber and the African American Chamber of Commerce of NJ for a regional reception to help recognize and celebrate New Jersey’s Champions of Diversity.
We extend a warm congratulations to Lori A. Roth, CPA/ABV, CFF, Co-Managing Partner, for being nominated to the Los Angeles Times B2b Publishing’s Inspirational Women Forum and Awards. On October 26th , at 1pm PST, the award ceremony will recognize female executives for their contributions and leadership within their organizations, the business world, and the community at large.
We extend a warm congratulations to Lori A. Roth, Dawn Bergen, and Ladidas Lumpkins for being named to Crain’s New York Business’ 2021 Notable Women in Accounting and Consulting List. The Award honors the success our team members have achieved in their professional careers and celebrates their contributions to the accounting industry and their local communities.
The Small Business Administration (SBA) Announces Enhancements to COVID Related Economic Injury Disaster Loan (EIDL) Program
On September 9, 2021, the SBA announced that it was modifying the EIDL program to provide small businesses with enhanced financial aid through the SBA’s small business loan program. The modifications include increasing the maximum loan amounts, providing loan repayment deferrals, expanding the allowable use of loan proceeds, and simplifying rules
Noted Expert in Entertainment Industry Joins the Firm’s Business Management Group September 8th, 2021 – Los Angeles, CA — Prager Metis, a leading accounting and advisory firm with offices in North America, Europe and Asia, welcomes Maren Stenseth, CPA, CFP® as its newest Principal. Maren joins Prager Metis’ Business Management Group and is based out of Prager Metis’ Los Angeles, CA office.
Congratulations to Haley Mayer and Mary Santoli, on receiving the 2020-2021 “Premier Business Women of Long Island” award. We’re honored and proud that you’re a part of the Prager Metis family. The award was presented at the Premier Business Women of Long Island Awards Gala, on July 14th.
Congratulations to CEO, Glenn L. Friedman, CPA, CGMA and Lori A. Roth, CPA/ ABV, CFF! 2021 NJIBZ ‘ Accounting Power 50’
Congratulations to CEO, Glenn L. Friedman, CPA, CGMA and Global Managing Partner, Lori A. Roth, CPA/ ABV, CFF for their recognition on the 2021 NJBIZ Accounting Power 50 list. CPAs named on this list have been identified for their top-flight advice and professional services.
Robert O. Mayer and Marianna Mooney were named as part of the 25 most powerful people in Long Island Accounting.
Prager Metis is proud to announce Robert O. Mayer, CPA, and Marianna Mooney, CPA were recognized for their exceptional performance, being named two of the 25 most powerful people in Long Island Accounting. Congratulations to you both!
Robbin E. Caruso was recently featured as a panelist for Business Insider, discussing how filing taxes might be a bit different for small business owners this year. Many were greatly impacted by months of mandatory closures, lost essential
Principal and Leader of International Tax Fernando Lopez has offered a summary on the FDII Qualification and Substantiation Requirements in the Final 250 Regulations, now being featured in May’s issue of NYS Society of CPSs, Tax Stringer
Prager Metis Partners E. Martin Davidoff and Robbin Caruso explain what an increase in compliance efforts and IRS controversy issues can mean for taxpayers in this Accounting Today article
Robbin Caruso, Partner and Co-Leader of the firm’s Tax Controversy Department, recently shed some light on changes to RMD rules that took place due to the SECURE Act in this Financial Advisor article
E. Martin Davidoff offers his views in this Wall Street Journal Opinion piece regarding the challenges presented to taxpayers and practitioners from extending the tax filing deadline while leaving the due date for first quarter
March 30, 2021 – New York, NY— Prager Metis, a leading accounting and advisory firm with offices in North America, Europe, and Asia, is very proud to announce its South Florida expansion with the opening of a new office in Miami.
E. Martin Davidoff, Partner-in-Charge, National Tax Controversy, offers important information regarding tax implications for early retirement withdrawals, unemployment compensation, and multiple state tax filings for remote workers during
Prager Metis team members Robbin Caruso and Michael Raiken offer input regarding the tax implications that the PRO Act could have on independent contractors in this Forbes article by Erik Sherman
Prager Metis Partner, Wendy Valentino, offered her insight into topics such as women in real estate, team motivation and resolving workplace conflicts in the New York Real Estate Journal. Read the full article here
The Government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up to the end of June 2021.
If you deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make and cannot afford to pay by 31 March 2021 you can now join the online VAT Deferral New Payment Scheme to spread the payment.
The Government has announced the launch on 6 April 2021 of a new support scheme called the Recovery Loan Scheme. Details of how the Scheme is to operate are still to be released, however, we understand that the aim of the Scheme
The Government has announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant. The fourth and fifth grants will take into account submitted 2019-20 tax returns.
The recently enacted American Rescue Plan Act includes tax measures that both benefit and hurt wealthy clients. Robbin Caruso explains some of the details in this Financial Advisor article
While the child tax credit is not new, the American Rescue Plan Act of 2021 increased the amount of the credit and changed some of the provisions of credit for the 2021 tax year.
E. Martin Davidoff offers his reasons why he believes this year’s tax deadlines should not be extended in this Accounting Today article
Prager Metis, a leading accounting and advisory firm with offices in North America, Europe, and Asia, is very proud to announce that Partner Matt Frank has been named Managing Partner – DC Metro Office,
Join Arvinder Matharu, Tax Director of Prager Metis, and Loknath Mishra, Managing Director/CEO of ICICI Bank, as they discuss the UK Budget for 2021, what it means for companies in the UK and for foreign investors, and the direction
Partner Robbin Caruso offers her thoughts in this Forbes article discussing Senator Warren’s proposed “Ultra Millionaire Tax Act of 2021”:
How Has the Past Year Changed You? This past year has been unlike any other. NJ Chamber of Commerce asked Prager Metis CEO Glenn Friedman and other NJ Executives, “How has the past year changed you?” Click here to see what they had to say: Read more
Business Manager Jennifer Coyne recently sat down with Shoutout LA as part of their Decision Makers: Difficult Decisions series. Read the interview here: Read more.
Congratulations to Lori A. Roth, Co-Managing Partner of Prager Metis, on being named an ROI Influencer and being part of the 2021 Power List of Accounting Professionals. So very proud of you and your latest achievement!
The recent trading surge involving Game Stop peaked interest in investor trading and short selling. Steven Bernkopf, MSF, CFP, EA, talks about the tax consequences of short selling in this Financial Advisor article: Read more
Congratulations to Mark Carter, Bruce Kolbrenner, Joseph Callaghan, Lahteefah Parramore, Thomas Smith, and Simon Winters for being named to Billboard’s 2021 Top Business Managers List! Thank you for all your hard work
The child and dependent care credit is a helpful tax credit for many families but only if you meet the requirements. Robbin Caruso discusses some mistakes people can make when claiming this credit in this Forbes Advisor Article
Prager Metis Partner and CPA, Robbin Caruso, was recently interviewed by CBS News Money Watch with regards to how unemployment benefits, stimulus checks and other items specific to the year 2020 could affect your tax returns this year.
The Coronavirus has brought out new ways for scammers to take advantage of tax payers, with many targeting people who are still waiting in stimulus payments.
E. Martin Davidoff, recently appeared on “a Your Money” broadcast by Wharton Business Radio on SiriusXM, to talk about what small business owners and remote workers need to now when filing their taxes this year.
Prager Metis, a leading advisory and accounting firm with offices in North America, Europe, and Asia, congratulates Fernando Lopez and Andrew Sgro on their promotions to Principal, effective January 1, 2021.
The recently-signed Consolidated Appropriations Act of 2021 made significant changes to the rules surrounding the CARES Act Employee Retention Credit (originally a refundable payroll credit for 50% of “qualified wages”
January 20, 2021 – New York, NY— Prager Metis, a leading advisory and accounting firm with offices in North America, Europe, and Asia, and a member of GGI Global Alliance AG, announces their combination with Blair, Bohlé & Whitsitt, PLLC a
ISOs are often part of key employee compensation packages. Robbin Caruso gives her input on this topic in this Financial Advisor article
Yahoo Finance’s Alexis Christoforous and E. Martin Davidoff, Prager Metis Partner, discuss how to navigate filing taxes amid the pandemic:
January 14, 2021 – New York, NY — Prager Metis CPAs, a leading accounting and advisory firm with offices in North America, Europe, and Asia, is very proud to announce Lori A. Roth has been named Co-Managing Partner effective January 1, 2021
Buying and selling cryptocurrency aren’t the only actions that create a reporting obligation. E. Martin Davidoff offers valuable information on this topic in this CNBC article
The Consolidated Appropriations Act corrected and clarified certain points relating to PPP Loans. Robbin Caruso offers her insight in this Financial Advisor Magazine article. Click Here
The recent stimulus package contained several provisions relating to PPP loan forgiveness and treatment of related expenses. Robbin Caruso explains the guidance in Accounting Today. Click Here
The following information highlights the key COVID-19 related relief passed by Congress on December 21, 2020 as part of the Consolidated Appropriations Act, 2021 (a $2.3 Trillion Federal Funding and COVID relief legislation),
In the same way a patient wouldn’t expect their family physician to perform heart surgery or a kidney transplant, family CPAs may not always have an expertise in tax controversy to resolve your IRS matter.
December 16th, 2020 – New York, NY — Prager Metis, a leading accounting and advisory firm with offices in North America, Europe & Asia, welcomes Walt Brasch Jr., CPA, as its newest partner.
At a recent PICPA conference, Stephanie Gigliotti, CPA, co-presented the risk assessment requirements and clarified the aspects of risk assessments frequently missed. Learn more about how Stephanie can make your world worth more
Lori Roth, National Managing Partner, Has Been Named Thought Leader by the New Jersey Business & Industry Association
We are proud to congratulate Lori Roth, CPA/ABV,CFF, National Managing Partner, for being named a Business Thought Leader by the New Jersey Business and Industry Association. NJBIA recognizes Lori for her valued contributions to
November 30, 2020 – New York, NY — Prager Metis, a leading accounting and advisory firm with offices in North America, Europe, and Asia, welcomes Louis Mezzina, CPA as a Senior Advisor in our Not-for-Profit Services Practice. He brings to t
December 2nd , 2020 – New York, NY — Prager Metis CPAs, a leading accounting and advisory firm with offices in North America, Europe & Asia, is excited to welcome Lahteefah Parramore, CPA, as our newest Partner! Lahteefah comes to Prager Me
Partner Craig Manzino speaking with the American Conservatory Theatre’s MFA Class of 2021 about best practices for self-producing and financial preparedness for their futures as professional actors.
The ability to travel and work freely and easily in the EU is of paramount importance to our members. That's why we campaigned to stay in the EU, and why we do not support the Withdrawal Bill that has passed through parliament.
Congratulations to Craig Manzino, Dean Michaels, Richard Goldstein, Simon Winters, and Thomas Smith for being included in Variety’s 2020 Business Managers Elite. Thank you for being part of our team and to our entire team for all your hard
The UK is leaving the EU Single Market and Customs Union and the end of the transition period on 31 December 2020 will affect Individuals, businesses as well as travel to and from the EU.
November 6, 2020 – New York, NY— Prager Metis is proud to announce the names of the 2020 recipients of the Prager Metis Excellence Awards, which were presented via Zoom at the firm’s virtual Partner Summit Thursday evening.
What We Know The Government announced on 2 November 2020 that it will double the level of financial support for self-employed workers in November during the second coronavirus lockdown in England.
Prager Metis Expands National and International Presence; Forms Nagano Morita, a Division of Prager Metis
November 4th, 2020– New York, NY— Prager Metis, a leading accounting, tax, advisory, and business consulting firm with offices in North America, Europe, and Asia, announces its newest expansion, Nagano Morita, a division of Prager Metis.
As part of the Government Support Package to deal with the COVID-19 pandemic, HMRC have announced earlier this year that: The July 2020 Payment on Account may be deferred until 31 January 2021. This in an automatic offer with no
On 20 March the Government announced that VAT payments would be deferred for a period of three months. The deferral: Was available to all UK VAT registered businesses (including non-established taxable persons); Applied to payments due bet
Following the lockdown measures announced by the Government on 31 October 2020 that are due to take effect on 5 November, the Government has announced that it will provide financial support via grants for those businesses that are required
What We Know Following the lockdown measures announced by the Government on 31 October 2020 that are due to take eff ect on 5 November, the Coronavirus Job Retention Scheme (“CJRS”) which was due to end on 31 October 2020, will be extended until December. The Job Support Scheme which was due to take effect from 1 November has now been postponed.
Lori Roth, an executive at the Top 50 accounting firm Prager Metis, has been named to the board of trustees of the New Jersey Business and Industry Association. As national managing partner at Prager Metis, Roth oversees the entire firm’s
“This is not a one-size-fits-all [scenario].” In New Jersey Business Magazine, Robbin E. Caruso shares her insights in helping small businesses navigate the pandemic and advises businesses to evaluate their methodology to improve their futu
On the evening on October 8, 2020, the Small Business Administration (SBA) in conjunction with the U.S. Treasury issued additional guidance for small Paycheck Protection Program (PPP) loans of $50,000 or less, along with a new PPP loan
New York Forward Loan Fund: Small businesses and nonprofits that have received PPP loans of up to $50,000 now eligible
Empire State Development recently announced that a number of small businesses and nonprofit organizations are now eligible to receive low-interest loans through the New York Forward Loan Fund (NYFLF) if they received $50,000 or less in
latest article in Accounting Today, Building a PPP Practice. Robert O. Mayer & Edward P. Rigby discuss our firm's PPP Loan Services and they share their insights on possible scenarios to help clients maximize their business loan forgiveness
Congratulations to Partner Marianna Mooney for being named to Long Island Business News Top 50 Women in Business List. The award recognizes Long Island’s top women professionals for their business acumen, mentoring,
We extend a warm congratulations to Lori A. Roth, Dawn Bergen, and Ladidas Lumpkins for being named to Crain’s New York Business’ 2020 Notable Women in Accounting and Consulting List. The Award honors the success our team members
The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce.
The Chancellor recognises the continued impact that COVID-19 has had on the self-employed and has taken action to provide support. The SEISS Grant Extension provides critical support to the self-employed.
Bitcoin has traded consistently above $10k over the last eight weeks, a pattern of consolidation that many analysts believe may eventually give way to a bull run later this year. Peter Goodrich offers insights into the performance of bitco
The Kickstart Scheme provides funding to employers who create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.
The Coronavirus Job Retention scheme (CJRS) is ending on 31 October 2020. For the final month of CJRS, the government will pay 60% of wages up to a cap of £1,875 for the hours the employee is on furlough.
Glenn L. Friedman and Lori A. Roth have been named to the NJBiz 2020 Accounting Power 50 List! Honorees are recognized as being among “the most influential men and women in the profession that keep the state’s businesses on track."
September 21, 2020– New York, NY— Prager Metis, a leading accounting, tax, advisory, and business consulting firm with offices in North America, Europe, and Asia, announced today it has created a new affiliate company,
September 17th, 2020 – New York, NY— Prager Metis International, a leading advisory and accounting firm with offices in North America, Europe, and Asia, announces the launch of the Latin Entertainment Group.
September 15, 2020– New York, NY— Prager Metis, a leading accounting, tax, advisory, and business consulting firm with offices in North America, Europe, and Asia, announced today it has created a new company PM Credit Management LLC.
The AI in Accounting Podcast helps accounting professionals prepare for the future of outsourced accounting and accounting technology with expert tips and best practices on artificial intelligence (AI), automation, and machine learning.
The Internal Revenue Service released final regulations Tuesday for the base erosion and anti-abuse tax, or BEAT for short, a part of the Tax Cuts and Jobs Act of 2017 that is supposed to discourage multinational corporations from shifting
Temporarily Relocating to an Out-of-State Secondary Home Due to COVID-19? You May be Subject to Double Taxation on the Same Income
As the CORONA VIRUS Pandemic spread across the United States at the end of March, much of the Country was required to shut down business operations because of governmental stay-at-home orders.
Are Expenditures Paid From Paycheck Protection Program (PPP) Loan Proceeds (That Qualify For Loan Forgiveness) Deductible For Income Tax Purposes?
Many clients and colleagues have been asking a key question regarding the PPP loan program enacted as part of the CARES Act signed into law in March, 2020. The key question is, “can I deduct the expenses that are paid with the PPP loan
Please fill out the form to download our Main Street Loans overview chart where we discuss the key features, eligibility requirements, and application details for a variety of Main Street Loan options. [contact-form-7 id="6135" title="Main St Loan Chart"]
August 5th, 2020 – New York, NY — Prager Metis CPAs, a leading accounting and advisory firm with offices in North America, Europe & Asia, welcomes Michael E. Williams, CPA, CGMA, MS as its newest Partner. Michael joins Prager Metis
Urgent Action now required to apply for Grants and other funding administered by The Arts Council England, The British Film Institute, National Lottery Heritage Fund and Historic England (Last updated 30 July 2020) On 5 July 2020,
Did you miss the interview? Watch CEO Glenn Friedman, CPA, CGMA, and National Managing Partner Lori A. Roth, CPA/ABV, CFF share leadership tips and tools for all business leaders in a post-COVID-19 environment on Steve Adubato’s Lessons in
Glenn L. Friedman and Lori A. Roth have been named to the NJBiz 2020 Accounting Power 50 List! Honorees are recognized as being among “the most influential men and women in the profession that keep the state’s businesses on track.”
July 16th, 2020 – New York, NY — Prager Metis, a leading advisory and accounting firm with offices in North America, Europe, and Asia, announces the promotion of Hayley Mayer to Principal effective July 1st, 2020. Hayley has over fifteen
The COVID-19 pandemic has induced a shift toward the digitization of currency. Read the article in @Dchained by Peter Goodrich, Tax Manager, where he discusses the different tax implications determined by the type of cryptocurrency
Rishi Sunak, the Chancellor of the Exchequer, has today announced a reduction in SDLT (tax that is due on the buyer of property) on all residential property purchases with a value of no more than £500,000. The change is effect
Prager Metis’ Andrea Fantozzi, Partner and Italian Group leader, was interviewed by Stefania Spatti, a journalist at @Milano Finanza a financial and economic media source at CNBC – Italia where he discussed the benefits of the PPP program
The Federal Reserve established the Main Street Lending Program on April 9 and made modifications to some details and key terms on April 30, 2020, and again on June 8, 2020. The most recent modifications include a 2-year
Have you received an IRS notice with a due date or deadline that has already passed? E. Martin Davidoff, Partner in Charge-National Tax Controversy, recently alerted @Forbes writer Peter Reilly to this important development
Did you miss the LAMC panel discussion with Prager Metis’ Maria Del Pilar Lopez Director-Entertainment Group? Watch the panel Finance for Musicians & Entertainment Companies here:
|By Michael A. Raiken, CPA, JD
Over the past several months, COVID-19 has caused tremendous mental, physical, and financial disruptions such that the President declared a National Disaster.
June 11, 2020 — Prager Metis, a leading accounting and advisory firm with offices in North America, Europe, and Asia, announces its combination with William J. Keephart CPA, PA, a firm located in Lawrenceville, New Jersey.
COVID-19, a terrible virus which has brought unimaginable hardship to many, has changed the way we operate our businesses. We have never experienced anything like this: numerous businesses have had to shut down,
IRC Section 165(i) Special Election to Deduct Current Year Disaster Losses in Preceding Tax Year – Prager Metis
Existing tax law under IRC Section 165(i) allows a special election to deduct losses occurring in a federally declared disaster area in the tax year immediately preceding the tax year that the loss was incurred.
• CJRS closes to new entrants on 30 June. • Given the minimum furlough period, if Employers are yet to make a claim under CJRS and they wish to do so going forward under the new scheme “CJRS2” then they have until 10 June to notify staff so that their period of furlough can commence in time. • For Employers who have previously made a claim under CJRS, they too have until 10 June to notify any employee not previously furloughed, if they wish for that employee to be eligible under CJRS2.
Prager Metis is proud to support LAMC. Maria Del Pilar Lopez Director-Entertainment Group, will be a panelist on Friday, June 12th, on the topic Finance for Musicians & Entertainment Companies.
Did you miss the interview? Listen to Lori Roth, CPA/ABV, CFF, National Managing Partner and Rich Fuchs, CPA, Managing Partner – Basking Ridge Office share leadership tips in building relationships, business development
The IRS has made cuts in staffing and numerous taxpayer services due to the coronavirus. E. Martin Davidoff explains the options for taxpayers needing help in this NerdWallet article by Tina Orem
The Federal Reserve established the Main Street Lending Program on April 9 and made modifications to some details and key terms on April 30, 2020.
Register Today! Join Santander and Prager Metis’ Partner’s Robert O. Mayer and Edward P. Rigby for a webinar on Monday, May 18 at 3pm ET/ 12pm PT for a Q&A session on PPP Loan Forgiveness.
Paycheck Protection Loans provide relief to businesses but with certain stipulations. Robbin Caruso recently offered her insight to Business Insider on what this means for businesses and employees.
The IRS has announced that taxpayers that wish to receive their stimulus payments via direct deposit have until noon on Wednesday, May 13th to provide their bank account details via the Get My Payment tool.
Prager Metis CPAs, a leading accounting and advisory firm with offices in North America, Europe, and Asia, is proud to accept Bitcoin and Bitcoin Cash as payment through BitPay, the largest global blockchain payments provider. The ability to accept Bitcoin and Bitcoin Cash as payment positions Prager Metis to not only expand new customer acquisition opportunities but also seamlessly operate in the digital world. As a push transaction, clients send the exact amount of Bitcoin or Bitcoin Cash needed to pay the bill.
The Coronavirus Bounce Back Loan has been designed for small and medium-sized businesses enabling them to borrow between £2,000 and £50,000 (capped at 25% of turnover) with the Government taking on 100% of the risk.
Finding Financial Support The Government has launched an on-line tool to help both Companies and the self-employed find details of the loans, tax relief and grants they may be eligible for. The business Support Finder can be found at the following web page Click Here.
If you are a construction contractor, you have most likely read numerous articles describing the unprecedented impact of COVID-19 on your business. At this writing, Dodge Data & Analytics lists 233 “Virus vs. Construction” stories on its website.
Many taxpayers face unique circumstances which need to be taken into consideration when determining the best course of action for resolving tax issues. Robbin Caruso presents options to a taxpayer facing loss of her tax refund in the midst of the nationwide pandemic in this Accounting Today article by Roger Russell: Click Here.
Please Click here for a detailed listing of the key features, eligibility requirements and application details of relief resources provided by the CARES Act to assist businesses who have been adversely affected by the coronavirus.
The IRS recently paused tax collection activities in response to the coronavirus. Click here to read Marty’s and Robbin’s insight into what this means for those in IRS payment agreements in this recent Accounting Today article by Roger Russell: Read More.
Estate, Gift, and Income Tax Planning in the Time of COVID-19: A Primer for Families and Their Closely-Held Businesses
Covid-19 has unleashed an emotional, physical and financial assault on all of us. We are all part of the whole; but understandably, we also see the world from our own perspectives.
We have all fallen. We had a daily routine – we went to work at the office and met face to face with our team, clients, or prospects. Now, however, we work hard just to keep up our spirits and morale while working from home
How Do the SECURE Act and QDOTs Impact Retirement Assets Intended for a Non-U.S. Citizen Surviving Spouse?
The SECURE Act, enacted in December 2019, changed the Required Minimum Distribution (RMD) guidelines for IRAs. Most beneficiaries must now take full distribution of an IRA within 10 years of the owner’s death.
The American Institute of Certified Public Accountants (AICPA) issues, as necessary, Statements on Auditing Standards, also called “SASs.” Of the current total of 130+ SASs, numbers 104-to-111
New International Value Standards (IVS) Include Several First-Time Requirements for Discount Rates and Complex Capital Structures
The International Valuation Standards Council (IVSC) consists of over 120 member organizations in 47 countries, including the U.S. The IVSC develops, maintains and updates International Valuation Standards (IVS)
Many have asked what the government has done for medium-sized businesses. On April 9, 2020, details were released by the US Treasury for a $600 billion loan program for businesses with up to 10,000 employees
Please join us on Monday, April 20, 2020 at 2pm ET/11am PT. Peter Goodrich of Prager Metis CPAs and Seth H. Ostrow of Meister Seelig & Fein LLP will discuss how cryptocurrency has moved from the fringes to the mainstream
The Paycheck Protection Program (PPP) created by the CARES Act provided up to $10 million at 1% interest for a maximum period of 2 years. However, it was created with the intent of companies impacted by the COVID-19
The Paycheck Protection Program (PPP) is an SBA loan program designed to help small businesses keep their workforce employed during the COVID-19 pandemic.
Join us Tuesday April 14th at 9am ET for ‘A Business Owner’s Guide to Loans’. Hosted by NJBIA, this webinar’s presenters include Robbin Caruso, Edward Rigby, and Al Titone, SBA District Director of New Jersey,
COVID-19 International Tax & Travel Considerations: What Cross-Border Businesses, Employers and Employees Need to Know
For almost a year, a friend and his wife who reside in New York, had been planning a trip to Peru, including a cruise around South America. Their scheduled departure date: March 12, 2020. With the COVID-19 news getting worse by the day, the
IR-2020-66: IRS extends more tax deadlines to cover individuals, trusts, estates corporations and others
The IRS expands additional relief for taxpayers due to Coronavirus Pandemic with Notice 2020-23 which expands prior relief to include a deferral of any Federal tax return or other form filing obligation originally (or pursuant to an extension) due on or after April 1, 2020, and before July 15, 2020 to July 15, 2020. Read More.
On March 31, 2020, the United States Department of the Treasury released its initial guidance for nonprofit organizations concerning the recently signed Coronavirus Aid, Relief, and Economic Security Act, or the “CARES Act.”
In response to Covid-19 the Government announced there would be support made available for small businesses, and businesses in the retail, hospitality and leisure sectors. This support will take the form of two grant funding schemes, the Small Business Grant Fund (SBGF) and the Retail, Hospitality and Leisure Grant Fund (RHLG). Small Business Grant Fund
The CARES Act contains provisions that allow individuals to withdraw money from 401K retirement plans and IRAs prematurely without penalty. Partner Robbin Caruso recently
Register today for the upcoming webinar hosted by @NJBIA, titled CFO in a Box: What Business Owners Need to Know During This Tumultuous Time.
The recently passed CARES (Coronavirus Aid, Relief, and Economic Security) Act provides financial relief to individuals and businesses. This stimulus package also contains several important changes impacting qualified retirement plans.
On March 27, 2020, just a week ago at this writing, the Congress passed and the president signed into law the Coronavirus Aid, Relief, and Economic Security Act, or the “CARES Act.”
On Monday, March 30th, the IRS began to implement actions to pause collection activities for many taxpayers to help alleviate economic pressures due to the current COVID-19 related crisis.
This new scheme has been set up by the government to provide support for those who are self-employed, either as a sole trader or a partner in a partnership.
If your accounts will be late because your company is affected by COVID-19, and your filing deadline has not yet passed, you can apply for an automatic and immediate 3 month extension to file your accounts.
On March 31, 2020, the Treasury Department and the IRS issued IR-2020-62. This notice describes the procedure for obtaining advanced payment of the Employee Retention Credit under the CARES Act
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, or the “CARES Act.” The Act is a $2.2 trillion relief bill in response to the coronavirus outbreak and is the largest relief bill
Small businesses and sole proprietorships affected by the coronavirus pandemic can apply for loans under the Federal Paycheck Protection Program beginning April 3.
The CARES Act suspended required minimum distributions from 401(k) and 403(b) and individual retirement accounts. How does this provision affect those who have already taken a 2020
When the second plane hit, we all went over to this big window in the office and looked out. In the distance, we could see the smoke from the burning towers just before they collapsed.
Congratulations to Joseph Callaghan, Bruce Kolbrenner, Thomas Smith, and Simon Winters for being included in Billboard's Top Business Managers 2020 List. Thank You for being part of our team and for all your hard work. Click here to read the full article
During uncertain times, you need a team you can trust. At Prager Metis, we have a COVID-19 Crisis Response Team ready to help you navigate through the challenges surrounding crisis management,
Below are some relief resources for low or no-interest loans and grants which are presently being offered to businesses in New York City which have been affected by COVID-19.
On March 27, 2020, Congress passed and the President signed a $2.2 trillion stimulus bill. Part of the bill provides a one-time direct payment to eligible individuals.
The CARES Act temporarily repeals the 80 percent of taxable income limitation enacted by the Tax Cuts and Jobs Act, which was generally effective for taxpayers beginning after December 31, 2017.
A collaboration between Help Musicians, the Incorporated Society of Musicians, The Ivors Academy, the Music Managers Forum, the Music Producers Guild, the Musicians' Union, and UK Music, who are grateful for the support of many others in the music industry.
As news and updates occur in the entertainment industry, please visit our resource center for the latest updates and resources available: Click Here. Please reach out to our team of professionals for further assistance.
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on Friday, March 27, 2020, infusing $2 trillion into our economy.
The following is a listing of organizations and programs that are offering support for creative practitioners who have been impacted by COVID-19.
NYS Dept. of Labor is currently offers a Shared Work Program which can help businesses keep trained staff and avoid layoffs resulting from COVID-19 shutdowns. Details of the program can be found here: Click Here.
On 23 March we circulated fact sheets on the various Schemes that the Government had set up to support Businesses. Set out in the following sections is a summary of further information
The Government has heeded to concerns that there was not sufficient help for self-employed persons to include individuals in partnership. The Chancellor of the Exchequer
It's no surprise that every sector of the healthcare industry is on the front lines of the coronavirus pandemic. Visit our resource center for the latest news affecting the industry and what the public can do to help. Helpful Links:
At PM Business Advisors, we are committed to doing our part to help prevent the spread of Coronavirus (COVID-19) within our communities, and we are continuously monitoring this evolving situation
IRS Commissioner Chuck Rettig announced provisions of the People First Initiative relating to postponement of certain payments to Installment Agreements and Offers in Compromise and enforcement actions.
Partner Robbin Caruso, CPA, CGMA was recently quoted in an Asbury Park Press News article highlighting ways small business owners are dealing with the ramifications of Coronavirus.