By DON LEE DEC 10, 2017 | 7:00 AM | WASHINGTON Senate Majority Leader Mitch McConnell (R-Ky.) listens to reporters’ questions about the GOP tax bill passed by the Senate. (Mark Wilson / Getty Images) As soon as the last major tax overhaul was enacted in the fall of 1986, accountant Edward Mendlowitz remembers working around the clock to convert […]
By Daniel Hood Published December 06 2017, 2:04pm EST The accounting profession will change beyond recognition over the next 10 years, according to American Institute of CPAs president and CEO Barry Melancon—except he really thinks it will come much more quickly than that. “I really mean five years, but people get scared when I say that,” […]
The National Association of Estate Planners & Councils (NAEPC) has named Edward Mendlowitz, a partner with WithumSmith+Brown (Withum) PC, as an entrant into the Estate Planning Hall of Fame Class of 2017 and recipient of the Accredited Estate Planner (Distinguished) Designation. The business valuation and accredited personal financial specialist, based in Withum’s East Brunswick office, was recently recognized […]
By Edward Mendlowitz, CPA/PFS, ABV December 2017 Many CPAs and most tax specialists perform personal financial planning (PFP) services; the AICPA estimates that more than 100,000 of its members perform some form of PFP for clients. The AICPA tried to unify and formalize PFP services with a credential—the Personal Finance Specialist (PFS)—but it doesn’t seem to […]
By Edward Mendlowitz Published November 13 2017, 11:45am EST Last week I conducted a breakfast meeting of the Withum Partners’ Network and I was asked a question that was not answered, so I’ll answer it in this column. Before I start, this meeting used a format I had never employed before. It was a “show […]
By Michael Cohn Published November 03 2017, 3:58pm EDT The tax reform bill introduced by House Republicans doesn’t give the low 25 percent income tax rate for pass-through businesses to accounting firms and other professional service firms, and the rules for getting around it are complicated. “The anti-abuse provisions for the reduction in the pass-through […]
New York Law Journal Reader Ranking Survey, Signature Bank once again ranked among the Top 3 of several key categories.
Good Times Are Here Again? By Joanne S. Barry, CAE October 2017 Issue, Publisher’s Column | October 2017 It’s a great time to be a CPA firm. So says Marc Rosenberg in his foreword to the 2017 Rosenberg Survey. The annual practice management survey, now in its 19th year, provides a wealth of quantitative and qualitative […]
By Edward Mendlowitz, Accounting Today October 9, 2017 The reality of being a partner in a firm, regardless of the size, is that you are running a “one-partner business.” That is so since it is your responsibility to manage the relationship with your clients, staff it, see that the deliverable reaches the client on time and […]
By Stuart Kessler, CPA, PFS September 2017 In contemplating the nuances of why financial planning makes sense for CPAs, I thought of the old story about the ship with the stubborn captain. While plying the waters off of Long Island, he noted what he thought was a ship on his radar. Upon being informed of […]
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