Posted on May 27, 2022
by
Karen Lake
To help its residents prepare for the 2022 hurricane season, the Florida legislature announced it has extended its annual disaster-preparedness sales tax holiday to run for two weeks between Saturday, May 28, and Friday, June 10, 2022. During this period, consumers and businesses in the state by purchase the following items free of sales tax: […]
June 1 marks the start of the Atlantic hurricane season and the potential for tropical force winds and heavy rainfall to damage property and impede business operations. The key to minimizing losses and getting your company back up and running after a storm is to have an actionable plan in place before the National Weather […]
In this episode Director of Tax Services Jeff Mutnik explains when someone needs an estate plan and the potential tax and legacy value in creating a plan, including avoiding probate and trusts you can control before and after death.
Posted on May 18, 2022
by
David Kolan
The pandemic has spurred a tsunami of entrepreneurial new businesses. According to the U.S. Census Bureau, a record 5.4 million new business applications were filed in 2021, compared to 4.4. million in 2020 compared to 3.5 million before the pandemic in 2019. Whether these ventures will prove successful remains to be seen, but each one […]
Posted on May 10, 2022
by
Tomoko Shoji
Congratulations! You filed your tax return (or requested a filing extension) and paid your tax liabilities by the April deadline. However, there are circumstances for which you may need to amend your return and/or attempt to reduce your tax liabilities for the current year. Following are some tips to keep in mind after filing your […]
Posted on May 08, 2022
Individuals participating in high-deductible health plans (HDHPs) will be able to contribute more of their pre-tax earnings to health savings accounts (HSAs) in 2023 and yield related tax and savings benefits. The IRS recently announced it will increase the annual HSA contribution limits that qualify for a full tax deduction in 2023 to $3,850 (up […]
Posted on May 05, 2022
by
Karen Lake
In this episode Director of Tax Services Karen Lake shares information about SALT, state and local tax credits, work opportunity tax credits and more.
Posted on May 04, 2022
by
Adam Cohen
Tax-exempt organizations, such as charities, private foundations and other not-for-profits that operate on a calendar-year basis, have a May 16 deadline to file their annual informational and tax returns with the IRS. For all other exempt organizations, the filing deadline is the 15th day of the fifth month after the end of their accounting period. […]
