With the elections behind us, we have more clarity on what tax policy might look like for 2025 and beyond. Republicans will control the Presidency, the Senate and (just barely) the House.  This should give them a lot of leeway ..read more

Carefully considered timing of the sale, gifting or donation of appreciated assets is one of the most efficient tax planning strategies. First, let’s review capital gain rates: Capital Gains Tax Rate Taxable Income (Single) Taxable Income (Head of Household) Taxable ..read more

For the past year, we have been advising business owner clients of their obligation to file statements with FINCEN identifying their principal owners. The filing window is rapidly closing. Businesses that have not filed statements of beneficial ownership by December ..read more

Nobody likes getting hit with a large tax bill on April 15.  If you have not already done so, there are still two months to make some adjustments that could result in a lower tax bill for 2024.  As a ..read more

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 ..read more

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 what your options are for your retirement. WHAT WILL YOU GET OUT OF YOUR BUSINESS? Without proper planning, you may only get a fraction of your business’ actual worth.  Is the right choice for you: Sale to third party Buyout by a current ownership partner or key employees ESOP We’ll cover the advantages, disadvantages, and nuances of each of these options, as well as other c ..read more

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” provisions, such individuals were allowed to take required minimum distributions (RMDs) based on their own life expectancies – and even pass them along to their own heirs. SECURE eliminated stretch provisions and required IRAs inherited after January 1, 2020 to be zeroed-out within 10 years ..read more

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 file are significant.  If you are a principal owner of a business, you will need to be aware of this and act on it in a timely manner.  Many business owners will wish to seek the advice of an attorney.  Your AKM CPA will be happy to provide a referral if you need one. In 2021 Congress passed The Corporate Tra ..read more

On March 18, 2024, 12pm ET, Warren Bergstein, CPA, AEP® will present this myCPE Webinar. Register here ..read more

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, CPA. Partners in the Accounting Firm of Adelman, Katz & Mond LLP Thursday, January 11, 2024 @ 10:00am via Zoom Registration Required This 12th annual seminar will cover tax preparation and planning for both individuals and small business owners. There have been many changes at both the federal and state level. This informative session will cover those chang ..read more