Author Archives: mgracey
Our Miami, Boca Raton and West Palm Beach offices will officially open tomorrow, Wednesday, September 13. We are connected and all offices are air conditioned. The Ft. Lauderdale office should be avoided due to water damage which is already being remediated. Many firm members are still without power and taking care of properties. We […]
Taxpayers who were affected by Hurricane Irma and who live in federally declared disaster areas of Florida, Puerto Rico and the U.S. Virgin Islands will receive automatic tax filing and payment relief from the IRS. The relief program is the same as granted to victims of Hurricane Harvey. Filing Extensions Under the IRS’s […]
Dear Clients and Friends. It is our sincerest hope that you weathered Hurricane Irma safely and with minimal or no damage to property. Our ability to communicate with our clients and co-workers continues to be difficult. We are currently assessing the extent to which our offices are accessible and operational at all four […]
Our office are closed in anticipation of Hurricane Irma. Our firm members’ connectivity to the office and their ability to respond to this email or return phone calls will be impacted by our need to prepare for the storm and potentially evacuate to safer locations. We will respond as quickly as we can under the circumstances. If […]
As Hurricane Irma approaches, there are steps business can take that go beyond shuttering windows and creating an employee hotline. Based on the current tracking timeline, South Florida will begin feeling the initial weather impact at the end of the week. That doesn’t mean that productivity is not already dipping as people are worried, […]
The IRS announced a tax relief program for victims of Hurricane Harvey in Texas as well as other taxpayers who live outside of the disaster area but whose records are located in the affected region. Most taxpayers do not need to call the IRS to receive the relief; the agency automatically identifies and applies filing […]
When U.S. taxpayers file their income taxes each year, they must choose a tax-filing status to ultimately determine the amount of taxes they must pay to the IRS. In some instances, selecting a filing status is easy; under certain circumstances, however, more than one filing status may apply. It is critical that taxpayers carefully consider […]
There is no doubt that the rise of interconnectivity between networks, devices and apps have helped businesses in virtually all industries improve operational efficiency and personalize the customer experience. While more than half of U.S. states have made some progress in defining the sales taxability of digital goods and software, either by adopting the standards […]
The Department of Treasury in July 2017 announced its intent to reform or repeal eight tax regulations enacted during the Obama administration that it deems to be financially burdensome or excessively complex for U.S. taxpayers. It is expected that Treasury will make its final recommendations on these rules by September 18, 2017. The regulations at risk […]
As we deal with peak hurricane season, we are reminded once again of the importance of preparing for and responding to natural disasters in order to minimize losses and ensure long-term viability. The actions a business takes during the first few days following a loss can often determine the success of its recovery and settlement […]