Friedman LLP, a New York-based accounting an advisory firm with offices throughout New Jersey, announced it has launched a Qualified Opportunity Zone consulting practice.
“With QOZs currently spanning 12 percent of the land area of the nation, there is a tremendous opportunity for individual, trust or corporate investors to reap significant tax advantages,” Robert Charron, partner and tax practice leader at Friedman, said. “The expansion of our service offerings to include this new practice group further demonstrates our commitment to staying on the pulse of industry and policy changes to deliver excellent client services.”
Steve Bokiess will lead the new group, Friedman said. Bokiess has more than 20 years of experience advising real estate companies as well as extensive financial experience.
“In response to growing questions surrounding this new, complex and long-term investment strategy, we strategically assembled leading tax experts to create the QOZ Consulting Practice. I am confident that this new team will guide our clients through the TCJA, address the unique challenges they face and help them leverage key tax incentives to maximize investments,” Bokiess said.