Author Archives: Melisa Romero

The IRS recently issued interim guidance on a provision in the One Big Beautiful Tax Act (OBBBA) that enables taxpayers to claim a temporary first-year 100 percent deduction for the cost of constructing certain factories, manufacturing plants and refinery structures in the U.S. or a U.S. territory. Generally, the provision applies to a new class […]

High earners ages 50 and older who participate in 401(k) and 403(b) workplace retirement savings plans should note new changes to the treatment of catch-up contributions beginning in 2026. Effective Jan. 1, 2026, catch-up contributions made by individuals with wages at or exceeding $150,000 in 2025 must be made with after-tax dollars to Roth accounts. […]

The April tax filing deadline may be in the rearview mirror, but criminals remain hard at work inventing new and more sophisticated methods to steal taxpayers’ identities and their hard-earned financial assets. To help individuals and business owners recognize the warning signs of these crimes and avoid becoming victims, the IRS annually releases a list […]

Adoption provides prospective parents with the opportunity to experience the joys of raising children and providing them with loving and permanent homes. While the process can be costly, the One Big Beautiful Bill Act (OBBBA), enacted in 2025, expands existing tax credits, making it easier for families to offset some of those expenses and reduce […]

The IRS has set the 2026 optional standard mileage rates taxpayers may use to determine the deductible costs of operating a motor vehicle for business, medical, charitable and moving purposes. Effective Jan.1, 2026, the rates for operating a car, van, pick-up or panel truck powered by gasoline, diesel or electricity (including hybrid vehicles) are: 72.5 […]

NEW YORK CITY, September 17, 2025 – Berkowitz Pollack Brant Advisors + CPAs has been named one of Crain’s New York Business’ “Best Places to Work in New York City” for 2025. The firm ranked No. six out of 81 companies honored this year, recognized for its blend of technical excellence and a people-first culture. […]

One of the first factors to consider when planning for the eventual sale of your company is the entity’s estimated value, or the amount a buyer is willing to pay for the business’s assets, liabilities, and all the risks associated with that purchase. While there are many valuation methods for making this determination, EBITDA (“earnings […]

Beginning Jan. 1, 2026, employees with high-deductible health plans will be able to save an additional $100 annually in their health savings accounts (HSAs). These triple-tax-advantaged accounts can go a long way in helping you pay healthcare costs with tax-free dollars today and in retirement. 2026 HSA Contribution Limits The 2026 annual limit on HSA […]

June 1 marks the start of the Atlantic hurricane season and the potential for tropical force winds and heavy rainfall to damage property and impede business operations. The key to minimizing losses and getting your company back up and running after a storm is to have an actionable plan in place before the National Weather […]

Florida laws relating to the fiduciary administration of trusts, estates and life estates with succeeding beneficiaries became more attractive on Jan. 1, 2025, with the enactment of the Florida Uniform Fiduciary Income and Principal Act (FIPA). The law provides fiduciaries with more flexibility in trust administration and aims to make Florida an even more appealing […]