Monthly Archives: March 2013

IRS Penalty Relief for Taxpayers by Ken Strauss

Posted on March 29, 2013

 Finally, some good news for taxpayers.  Due to the late passage of the American Taxpayer Relief Act and its impact on a number of forms for deductions, the IRS has issued a penalty relief notice for delayed 2012 forms.  The IRS normally assesses penalties on taxpayers who file late or request an extension. Because of […]

Florida Alimony Overhaul by Sandi Perez

Posted on March 28, 2013

Supporters say a major overhaul of Florida alimony law will bring fairness to the system.  Those opposed say the proposed bill is anti-family, anti-women and will result in additional burden on the state welfare and court systems. This issue has been working its way through the legislative process very quickly and has the potential to impact […]

Estate Planning in the New Environment by Joseph L. Saka

Posted on March 26, 2013 by Joseph Saka

Many people with wealth to protect are sleeping better at night because their fortunes aren’t large enough to expose them to federal estate tax. But no one should close their eyes to the fact that, regardless of your income, estate planning remains an essential tool for protecting loved ones. The federal government has decided to […]

Richard Pollack to Speak at Bankruptcy Bar Association Retreat

Posted on March 21, 2013

Richard Pollack will be a panelist at the Bankruptcy Bar Association’s annual retreat on March 10-12, 2013, at The Breakers Palm Beach. Rich will be part of a discussion called Valuation Issues and Disputes in Bankruptcy Cases during the Sunday morning program.   For more details, visit

Florida’s Research and Development Tax Credit by Karen Lake

Posted on March 18, 2013

Florida has enacted a new R&D tax credit program. The state credit is computed based on 100% of qualified research expenses incurred in Florida.  Applications much be filed by March 20 of the following year. There is a yearly cap, so it is important to submit information early. Please contact Karen Lake at 305-379-7000 for […]

Ponzi Schemes and Bad Hedge Funds – by David Siegel

Posted on March 15, 2013

Scott Rothstein.  Nevin Sharpiro.  Arthur Nadel.  Bernie Madoff.  Ponzi schemes and financial frauds have become a regular feature in South Florida newspapers, so much so that Miami was second only to New York in federal prosecutions of securities and investment fraud.  The BPB Forensic Accountants have first hand knowledge of several large Ponzi schemes and […]

IRS Expands Relief Program for Misclassified Workers

Posted on March 13, 2013

The issue of classification of workers is of interest to the IRS. The agency has laid out specific definitions of what separates employees from independent contractors. In 2011 the IRS launched the Voluntary Classification Settlement Program (VCSP) to allow eligible employers to voluntarily reclassify workers as employees rather than independent contractors for future tax periods. […]

Berkowitz Pollack Brant Makes Accounting Today’s Top 100 List

Posted on March 12, 2013

Accounting Today’s annual list of the top 100 firms in the country was released this week. We are proud to be included on both the top 100 list and the top firms in the region list. The narrative noted our rebrand, expanded strategic planning group and management of upcoming director retirements.

BPB Firm Members Speak More than 10 Languages

Posted on March 11, 2013

Barry Brant, director in charge of our tax, consulting and international services practice, was recently interviewed for a profile story in an industry publication. He mentioned that firm members speak more than 10 languages, including Portuguese, Italian, Russian, Hebrew and German. We solve problems all around the world.  

Litigation Support Practice Honored

Posted on March 07, 2013

Congratulations to our Litigation team and our colleagues at Berger Singerman. A matter we worked on together won Chapter 11 Turnaround of the Year at the M&A Advisor Awards last night.