Monthly Archives: April 2014

Annual Reports for Florida Business Due May 1, 2014

Posted on April 29, 2014 by Richard Berkowitz

Annual Reports for Florida Business Due May 1, 2014 Florida businesses have until May 1 to file their annual reports with the Florida Division of Corporations. Failure to file after that date will result in a $400 late-fee penalty imposed on all for-profit corporations, limited liability companies, limited partnerships and limited liability limited partnerships. Failure […]

Record Rentention Guidelines

Posted on April 25, 2014 by Richard Berkowitz

There are no hard and fast rules regarding the amount of time taxpayers should keep important legal and financial documents. However, the following list of guidelines aims to help taxpayers ensure they retain documents for appropriate periods in accordance with federal, state and local requirements. Taxpayers should remember that the IRS has the right to […]

The Vital Role of Computer Forensics When the Feds Take Over by Martin Prinsloo and Gabriel Campos

Posted on April 18, 2014 by Martin Prinsloo

Raids on businesses, individuals’ homes and even political offices are becoming increasingly common as fraudsters develop new and unique schemes for deceiving the public. Leading these heart-pounding search and seizures are court appointed receivers, agents with regulatory bodies and armed federal agents, U.S. Marshalls and local police officers. Next to arrive on the scene is […]

Is Your Business Missing Out on Tax Breaks for Overseas Sales? By James W. Spencer

Posted on April 11, 2014 by Jim Spencer

According to Enterprise Florida, exporting is big business in Florida. With more than 58,000 Florida-based companies exporting products and services that account for 20 percent of all U.S. exports, the state is home to the second highest number of exporters in the country. In 2012, the Miami-Fort Lauderdale region ranked sixth among the country’s export […]

Keeping Up with Evolving Estate Tax Planning Regulations by Jeffrey M. Mutnik

Posted on April 09, 2014 by Jeffrey Mutnik

We live in a complicated world where modifications to rules and regulations occur frequently. For example, Americans went from a year without estate or generation-skipping transfer taxes to the edge of a fiscal cliff that allowed the federal lifetime exemptions of gift, estate and generation-skipping transfer taxes to fall from $5 million $1 million (with […]

Your Child, Your Tax Benefit by Joanie B. Stein

Posted on April 07, 2014 by Joanie Stein

The joys of parenthood include several benefits that can reduce a family’s taxable income, including: Dependent Deduction. For 2013, taxpayers may claim a standard deduction of up to $3,900 for each of their qualifying dependent children under the age of 19, or 24 when the child is a full-time student. Dependent exemptions phase out once […]