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Monthly Archives: February 2014

President Obama Introduces MyRA to Make Retirement Savings a Reality for All by Jack Winter


Posted on February 24, 2014 by Jack Winter

In his January 2014 State of the Union Address, President Obama introduced MyRA, a new savings instrument intended to help more Americans set aside money for retirement. According to the U.S. Treasury Department, approximately half of all workers and only 25 percent of part-time workers have access to employer-sponsored retirement plans. Equally staggering, a mere […]

Protect Your Identify and Reduce The Risk of Fraud During Tax Season by Joseph Saka


Posted on February 20, 2014 by Joseph Saka

Identity theft and tax refund-related fraud are among the fastest-growing crimes nationwide. According to Miami U.S. Attorney Wilfredo Ferrer, the incidence of identity-theft in Florida outpaces the rest of the country, with Miami taking the top spot in the state. Identify theft can have far-reaching consequences, from damaging victims’ credit histories to wiping out hard-earned […]

Regular Tune-Ups Prepare Businesses for Long-Term Growth by Steve Nouss


Posted on February 18, 2014 by Steve Nouss

Successful businesses evolve over time. Their leaders continuously learn, adapt and manage through a series of internal and external issues that can affect their day-to-day operations and their long-term business goals. While some issues are easy to identify, others are harder to detect. In fact, it is quite common for some issues to go uncovered […]

Important Considerations for Adapting to Evolving Market Demands by Shea Smith


Posted on February 13, 2014 by Shea Smith

In today’s fast-paced, global environment, change is a concept that business leaders must accept and embrace. Increased competition, evolving customer demands and the rapid rate at which technology advances requires businesses to review their existing strategies and make alterations or restructure in order to thrive and survive. Change may involve modifications to specific segments of […]

There is Still Time for Trusts to Reduce 2013 Tax Liabilities by Jeffrey Mutnik


Posted on February 11, 2014 by Jeffrey Mutnik

With 2014 underway, there is still time for trustees to take advantage of last-minute planning strategies to limit 2013 income tax liabilities for trusts and certain estates. Specifically, calendar year-end trusts may make distributions to beneficiaries before March 6, 2014, and treat those distributions as if made in 2013. By doing so, trusts have an […]

Business Owners Must Prepare for Healthcare Reform Open Enrollment Deadline or Face Penalties by Adam Cohen


Posted on February 06, 2014 by Adam Cohen

Individuals, including entrepreneurial business owners, who do not secure health insurance by the Affordable Care Act’s March 31 open-enrollment deadline, may face a 2014 penalty of $95 per uninsured adult or 1 percent of adjusted gross income, whichever is greater. The IRS bases the income calculation for the “individual mandate penalty” on 1 percent of […]

CEO Richard Berkowitz is a Top 100 Power Leader


Posted on February 03, 2014 by Richard Berkowitz

For the third consecutive year, the South Florida Business Journal recognized Richard Berkowitz among the region’s Top-100 Power Leaders whose innovation and expertise help to shape our flourishing business community. In its January 31 issue, the newspaper reported that Berkowitz “leads a firm that is the fourth largest in South Florida, Top 100 in the […]

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