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Monthly Archives: July 2015

The Importance of Selecting and Updating Beneficiaries by Scott Montgomery, CLU, ChFC


Posted on July 30, 2015 by Richard Berkowitz

Naming a beneficiary to receive proceeds from a life insurance policy or retirement account is a difficult decision that requires consideration of a range of factors. Because these selections supersede designations contained in one’s will, they are an important step in the estate-planning process that must be addresses with particular care and attention to details. […]

Export Activities Benefit from Often Overlooked Tax Incentive by John Vides, CPA


Posted on July 26, 2015 by

Astute exporters are no strangers to the tax-savings opportunities presented by Interest Charge-Domestic International Sales Corporations (IC-DISCs). However, few companies understand the benefits of this tax incentive, its reach outside of the exporting industry and the ease with which one can establish such an entity to reap substantial savings. IC-DISC Defined A closely held U.S. […]

Family Offices Preserve Wealth and Peace Across Borders and Generations by Tony Gutierrez, CPA


Posted on July 24, 2015 by Anthony Gutierrez

Investors from the Americas, Asia and Europe seeking to sustain and grow their wealth are increasingly turning to family offices to organize and manage both their global assets and personal affairs in a well-orchestrated and efficient manner.   Similar to CFOs for multi-national businesses, family offices serve as personal financial officers to multi-generation families seeking […]

Take Caution When Deciding on Intern Pay by Joanie B. Stein, CPA


Posted on July 18, 2015 by Joanie Stein

    College interns provide much needed help to businesses during the summer months. However, the decision of whether or not to pay those temporary workers gaining on-the-job training comes down to a matter of law.   In most instances, for-profit business are required to pay interns unless they meet the following exceptions as outlined by […]

Some Florida Businesses Must File Amended Returns to Comply with Revised Corporate Tax Code by Karen A. Lake, CPA


Posted on July 16, 2015 by Karen Lake

Due to recent revisions to Florida’s Corporate Income Tax Code, Florida-based corporations and/or partnerships that have a corporate partner may be required to amend their 2014 returns to reflect a modified, often higher, taxable income.   Under the bill, signed into law by Governor Rick Scott on May 14, 2015, Florida retroactively decoupled, or disassociated, […]

Tax Treaties: Opportunities and Roadblocks by Jim Spencer, CPA


Posted on July 15, 2015 by Jim Spencer

The growth of international and digital commerce has been a boon to both individuals seeking new sources of income and to local taxing authorities looking to bolster their economies. Despite these shared benefits, the goals of both parties are ultimately at odds. Governments aim to increase tax revenues while multinationals strive to lessen their effective […]

3 Savings Strategies for Recent College Grads by Stefan Pastor


Posted on July 07, 2015 by Richard Berkowitz

As college graduates prepare to embark on their professional careers, there are several strategies they should consider to establish a savings plan to prepare for a sound financial future. Employer-Sponsored Savings While retirement may seem like a long way off for a recent college grad, initial entry into the workforce is an ideal time to […]

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