Posted on April 29, 2015 by
Daniel Hughes
In today’s hyper-connected environment, businesses can no longer depend solely on their own staff and operational efficiency to achieve performance goals. Rather, global businesses must rely increasingly on outside suppliers and other vendors, including parts manufacturers, distributors and call centers, whose products and services are critical to a business’s ongoing operation. Should the vendor or […]
According to a recent study conducted by risk-management firm Marsh, lawyers are not well prepared to protect against nor respond to data breaches. Despite the global rise in cyber attacks, almost three-quarters of law firms surveyed have not taken steps to assess the cost of a data breach. In fact, many law firms have already […]
Posted on April 22, 2015 by
Sandi Perez
According to a 2014 study by Bowling Green University’s National Center for Family and Marriage Research, the divorce rate for Americans over 50 has doubled since 1990. For those over 65, the rate is even higher. With this rise in graying divorces comes an assortment of unique challenges related to divvying up assets, including often-sizable […]
Posted on April 21, 2015 by
Angie Adames
The Florida Division of Corporations requires all businesses to file annual reports and pay a $150 fee, which may vary depending on the type of entity, to maintain active status with the Department of State. Failure to file by the May 1, 2015, deadline will result in a $400 penalty imposed on all for-profit corporations, limited […]
Each year, the IRS releases depreciation deductions limits for owners of passenger automobiles, trucks and vans first placed in service by the taxpayer during the calendar year as well as the amount to be included in income by lessees of passenger automobiles first leased during the calendar year. For 2015, the dollar amount of […]
According to the Association of Certified Fraud Examiners’ (ACFE) 2014 Report to the Nations, fraud continues to plague the construction industry. Exacerbating the problem is a sector-wide failure to implement strong internal controls and reliable methods for detection, often due to the perceived expenses of such preventative measures. However, these expenses are, in reality, minor […]
Posted on April 14, 2015 by
Jim Spencer
To conform with provisions of the Foreign Account Tax Compliance Act (FATCA), the IRS introduced new reporting guidelines for U.S. companies doing businesses with foreign contractors in 2015. Effective January 1, 2015, IRS Form W-8BEN-E replaces Form W-8BEN for taxpayers making fixed and determinable, annual and periodic payments to foreign financial institutions (FFIs) and […]
Posted on April 12, 2015 by
Joanie Stein
According to the IRS, growing one’s family through adoption may provide adoptive parents with a tax credit or an opportunity to exclude some of their income from taxes. The exclusion only applies when the adoptive parents received assistance from their employers to pay for the adoption through a written qualified adoption assistance program. The […]
Posted on April 06, 2015 by
Paper is out and electronic filing is in for the 2014 tax season. According to the IRS, e-filing tax returns provides taxpayers with the following benefits: Security. E-filing relies on secure encryption technology that protects taxpayers’ sensitive and personally identifiable information, including social security numbers and financial accounts. Easy and Convenient. Filing returns […]
