Hello June! “Here Comes the Bride” and the IRS! There is more to marriage than gifts, cake, champagne and a honeymoon. When you tie the knot, your tax status changes. Couples getting married need to know that after planning their nuptials, tax planning for their first tax return as a married couple should be on...
Business Continuity And Disaster Planning Guide It is essential for business owners to be proactive in preparing for hurricanes and other unpredictable disasters. Everything from severe winter weather, a flood or wildfire, a supply chain failure to a flu epidemic, or even an act of terrorism can put your business at risk of shutting down—either...
Hurricane Season Is Here For Florida Clients And So Is The Sales Tax Holiday Former Florida Governor Rick Scott successfully fought for hurricane supply Sales Tax Holidays during his tenure and his successor, Governor Ron DeSantis, is following in his footsteps. His fiscal year 2019–2020 budget proposal includes a weeklong disaster-preparedness sales tax holiday that...
No More BEA Drawbacks Or Clawbacks for Estates The IRS issued guidance in March that wealthy taxpayers who take advantage of the increased gift and estate tax exclusion amounts in effect from 2018 until 2025 will NOT be negatively affected when the exclusion amount is scheduled to drop after 2025 to the old levels prior...
Since Mother’s Day is almost here and Father’s Day is right around the corner, we thought it best to revisit what tax benefits exist for adult children taking care of their parents. The Bureau of Labor says that over 17 million people in the US take care of their elderly parents. According to AARP, some...
