Recent Posts

Anchin Experts Suggest Ways to Save Taxes

Apr 10, 16 Anchin Experts Suggest Ways to Save Taxes

Posted by in All, Business

Many taxpayers collect a refund on the taxes they paid during the previous year, but according to some experts, their refunds could be even bigger if they only knew about a whole host of deductions they are eligible for. Anchin, Block & Anchin CPA Richard Baum explained that anyone who relocated due to a job switch is entitled to take the moving expenses as a deduction. All that is required is that the move be 50 miles or more away from their previous residence. Baum adds that even in the case of a first job these expenses, including gas and a moving van, are deductible. “Moving expenses for someone’s first job are deductible,” says Richard Baum, a CPA and tax partner at Anchin, Block, & Anchin, a New York based accounting firm. What other expenses are taxpayers entitled to deduct? Anchin experts say that half of the self-employment tax which self-employed people must pay is deductible. In addition, health insurance premiums are also deductible for the self-employed. All taxpayers are eligible to deduct the premiums they pay for long-term care insurance. Anchin, Block & Anchin also remind people that it pays to give. While most people realize that charitable contributions are deductible, they might not be aware that some charity-related expenses are also deductible. One good example is that the ingredients someone purchases to bake a cake for a bake sale to raise money for a cause are deductible, too. You can also deduct the mileage from the trip to a fund-raising event. Richard Baum of Anchin adds that anyone who has an investment portfolio and wants to give to a charity should rather give appreciated stock instead of writing a check. “Give that stock away in kind, get a tax deduction for the higher value, and never pay a capital gains tax,” Anchin’s Baum...

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Vandals De-face Brooklyn Police Car

Apr 03, 16 Vandals De-face Brooklyn Police Car

Posted by in All, News

Two policemen of the 84th Precinct were about to go out on patrol when they were confronted with a disturbing sight: two swastikas were painted on the marked car, and one tire was slashed. The incident occurred in Downtown Brooklyn on Gold Street right in front of the police station. The policemen discovered the defaced car at about 6pm last Monday evening. One swastika, which was the pre-eminent symbol of the Nazi party during World War II, was found on the hood of the car, while the other was drawn on the door. Police are investigating and searching the area carefully for the culprit or culprits, hoping that nearby surveillance cameras can lead them to the...

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Women and the Environment: A Brief History of Involvement

Mar 31, 16 Women and the Environment: A Brief History of Involvement

Posted by in Business, Health, Lifestyle

We all know how important environmentalism is in today’s world.  But did you know that it took a woman from England to inspire action to do something about New York’s pollution back in the mid-1950s? In 1956, Hazel Henderson, the well-known futurist, immigrated to New York. Soon after her arrival in the US, she began a letter-writing campaign to clean up New York’s air. Reminded of London’s smog crisis of 1952, in which 4,000 people died, Henderson wrote letters to New York Mayor Robert Wagner describing the thick smog she observed from her apartment window. Wagner, in denial, retorted that what she saw was merely normal ‘mist’ rolling in from the sea. Henderson was not deterred, however, and proceeded to write letters to the presidents of major American broadcasting networks and sent copies to the chairman of the Federal Communications Commission. These letters urged them to broadcast the index of air pollution each day along with the daily weather report. Her efforts were successful five weeks later when WABC-TV in New York City began to report on the air pollution index, with CBS and NBC soon following suit. Soon after, Henderson and two friends created Citizens for Clean Air, an organization to warn residents about the health hazards of air pollution. Membership grew quickly with about three-quarters of the 25,000 members being women. Since then women have been especially active in this important arena of public health and welfare. From such notable women as Sheryl Corrigan, former Commissioner of the Minnesota Pollution Control Agency, to Gina McCarthy, the current administrator for the United States Environmental Protection Agency, women have certainly made their mark in this important area of public...

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Get Real Achaar from Brooklyn Delhi

Mar 28, 16 Get Real Achaar from Brooklyn Delhi

Posted by in All, Featured

Until Chitra Agrawal started making her own achaar– strongly flavored Indian pickles- it was impossible to get properly made achaar in New York. Growing up, Agrawal loved eating lots of achaar, made by her aunts and grandmother back in India. When she grew up, she would bring back jars of the delicious treat back with her from India to New York. When Agrawal and her then boyfriend Ben Garthus finished the pickles, they soon realized that it was impossible to get as good tasting achaar in New York. She thought they were made with too much salt, preservatives, and “really bad oils.” Agrawal decided the time had come to simply make them herself. “Achaar is made all over India, but the type of fruits, vegetables, and oils they use vary by location,” Agrawal explained. “In the south, they often use sesame oil and spices like fenugreek. In the north, they might make it from carrot or cauliflower, in a base of mustard oil with nigella seeds.” Agrawal’s achaar is made with small amounts of salt and oil, allowing the freshness of the local ingredients she was using burst through. The first few batches that she made she served at pop-up dinners and cooking classes that she was already hosting. “People responded because they’re really different in flavor and more intense than something like a chutney, which you make and eat when it’s fresh” she said. “With achaar, the flavor gets better over time.” With so much support from the people who tried her achaar, she decided to launch Brooklyn...

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Jacques Torres Chocolates Growing in Brooklyn

Mar 17, 16 Jacques Torres Chocolates Growing in Brooklyn

Posted by in All, Business

This past Valentine’s Day marked an important milestone for Jacques Torres Chocolates: they celebrated the opening of a brand new 40,000-square-foot manufacturing plant at the Brooklyn Army Terminal. Valentine’s Day is the biggest single day of the year for purchasing chocolates. On that day alone the company sold close to 300 tons of tasty chocolate, 10 percent of that amount coming from Torres’ Sunset Park facility. “I’m infected by your love and passion for chocolate, for manufacturing,” said City Councilman Carlos Menchaca, who is the representative of the neighborhood where Torres’ chocolates are produced. “This is something beyond the sum of its parts and you are bringing that to Sunset Park and we are lucky to have you.” Torres, who began his company 50 years ago in nearby DUMBO says he will stick to hiring local residents for his new facility. “Everybody that built this place from our contractor Dominic, to the electrician, to the plumber, everybody is from the neighborhood,” Torres said. The new chocolate manufacturing plant is only just the beginning of big changes to come to the Sunset Park area and the Brooklyn Army Terminal in particular. There has been over $100 million invested in the industrial complex by the Economic Development Corporation with the goal of injecting the area with about 2,000 new jobs. “What Sunset Park is becoming is really the epicenter of New York City’s manufacturing renaissance,” said EDC President Maria...

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10th Annual M&A Advisor Turnaround Awards Gala

Mar 17, 16 10th Annual M&A Advisor Turnaround Awards Gala

Posted by in New York

On January 28th, 2016, the awards were presented for the 10th Annual M&A Advisor Turnaround Awards. The award categories, given out by M&A Advisor included: Transaction of the Year, Refinancing of the Year, Sector Deal of the Year, Firm of the Year, Restructuring of the Year, Turnaround Product/Service of the Year and Professional of the Year. There were over 200 companies that participated and the judging was done by an independent panel of experts in the industry. Canaccord Genuity was honored to win in two categories. Geoff Richards, the Head of US Debt Finance & Restructuring for Canaccord Genuity, is also an adjunct professor at the Northwestern School of Law. They were selected as the winners in two categories. They won as the Healthcare and Life Sciences Deal of the Year winners and Canaccord Genuity with Geoff Richards also won as the Distressed M&A Deal of the Year ($50 million to $100 million). The awards ceremony took place the Colony Hotel in Palm Beach, Florida and were attended, as David Fergusson, the co-CEO and President of the M&A Advisor, said was attended by “the best of the distressed investing and reorganization industry in...

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The Fuel that Drives the New York Fashion Engine

Mar 09, 16 The Fuel that Drives the New York Fashion Engine

Posted by in All, Featured

Many observers recognize New York as the fashion capital of the world. Have you ever wondered about the people that have helped to create this reputation for the Big Apple? In 2015 there were some special designers that added to New York’s reputation in this trillion-dollar industry. Kara Laricks is an enormously successful fashion designer, but she did not start out in this profession; not even close. For ten years she worked as a teacher of elementary school children. Although she loved design as a child, she decided to choose a “safe” profession. She was born in 1973, and graduated from Academy of Art University of San Francisco in 2008. She now lives and works in New York City. Born on May 31, 1986, Jérôme´ LaMaar is a fifth generation New Yorker, of Cuban, Ethiopian and Afro-Portuguese heritage. Born in the Bronx, he began his career in fashion when he was only 15, working as an intern for Baby Phat by Kimora Lee Simons, in 2001. Also uncertain about his career direction, (like Laricks), LaMaar first enrolled at Brown University with the intention of studying Physics. Lucky for us fashionistas he decided to head for the walkway and went to the Fashion Institute of Technology right here in NYC, studying Fashion Design and Fabric Styling. Oh, and we know his birthday from his label: 5:31 Jérôme. Kim Haller is not a native New Yorker. She was raised in Indiana until she moved with her family to Australia.  In the mid-1980s she came back to the US to attend the Parsons School of Design. Haller joined Calvin Klein in 1989 and within her first year there became their main knitwear designer. She launched her own consultancy business in 1995, Kim Haller Design. Her firm gave concept, design and technical support to up-and-running designers who were anxious to expand and develop their knitwear collections. The great industry of fashion is fueled by a wide variety of talented, hard-working individuals who are creative, innovative and from an...

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Asia Week New York Celebrates Great Art of the Orient

Mar 07, 16 Asia Week New York Celebrates Great Art of the Orient

Posted by in All, Art

The New York art world is getting ready for one of its most fun events of the year: the eighth annual Asia Week New York. Beginning on March 10 and continuing for nine days until March 19, Asia Week New York will have participants from 45 international galleries and five auction houses. Lark Mason, Chairman of this year’s event, explained: “For connoisseurs and collectors who want to immerse themselves fully in the wonders of the Far East, they know there is a once-a-year celebration that they must attend. And it’s no wonder. Asia Week combines top-flight galleries and world-renowned Asian art specialists for over a week of outstanding events and exhibitions—all sprinkled around the world’s most exhilarating city, New York!” This year nine galleries will be participating for the first time: Phoenix Ancient Art, New York, will feature Chinese bronzes Laurence Miller Gallery, New York, featuring Japanese photography Berwald Oriental Art, London showing Chinese ceramics, pottery and more DAG Modern, New York, featuring modern Indian Art Fitzgerald Fine Arts, New York, showing Chinese ceramics and contemporary art Gallery Japonesque, San Francisco, featuring contemporary Japanese ceramics and works of art Alan Kennedy, Santa Monica, Chinese textiles and paintings Renaud Montméat Art d’Asie, Paris, featuring Indian and Himalayan Art Tenzing Asian Art, San Francisco, with Hindu and Buddhist art If you are thinking that major art events like Asian Art Week are only for the wealthy, Mason says this ain’t necessarily so. “Although there is a superabundance of exquisite objects on the market, the focus by the press is invariably on the high end, leaving many less expensive works under-publicized” he said. “For the beginning collector, now is one of the best times ever to acquire gorgeous artworks at very attractive prices.” Collectors looking for something beautiful yet unusual should stop by Phoenix Ancient Art at 47 East 66th Street. The irresistible combination of the ancient world with the faraway lands of the East, makes a trip to Phoenix thrilling. One piece on hand there is...

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