Archive

Monthly Archives: September 2019

Florida Mandates New Information Reporting Requirement for Corporate Taxpayers in the State by Michael Hirsch, JD, LLM


Posted on September 16, 2019 by Michael Hirsch

Under new guidelines issued by the Florida legislature, corporate income and franchise tax filers in the state have an additional information reporting requirement for taxable years beginning during the 2018 or 2019 calendar years. To avoid a late-reporting penalty equal to the greater of $1,000 or 1 percent of the tax due, taxpayers must submit […]

What is Representations and Warranties Insurance? by Daniel S. Hughes, CPA/CFF, CGMA, CVA; and Mike Kaczka, CPA/CFF, CFE


Posted on September 12, 2019 by Daniel Hughes

Representations and warranties insurance (RWI) is becoming an increasingly common and required tool to expedite M&A transactions, bridge gaps in deal negotiations and reduce buyers’ and sellers’ risks of financial losses after deals close. At the most basic level, representations are the assertions sellers make about their companies, those entities’ financial positions and past and […]

5 Reasons You Should Not Hold Real Estate in an S Corporation by John G. Ebenger, CPA


Posted on September 04, 2019 by John Ebenger

Savvy investors know that holding real estate in their individual names is a bad idea that exposes them to a broad range of legal risks and personal financial liabilities. Instead, U.S. tax laws permit investors to structure their real estate holdings into separate business entities, such as partnerships, limited liability companies (LLCs) and corporations, which […]