Category: Business Consulting and Planning

Business Consulting and Planning

Tax Implications of Florida’s 2019 Legislative Session by Karen A. Lake, CPA


Posted on June 19, 2019 by Karen Lake

The Florida legislature recently passed a $91.1 billion budget for 2019 that provides some significant wins for individuals and business taxpayers located in the state while failing to address the remote and online sales tax collection issue created by the Supreme Court’s June 2018 decision in South Dakota v. Wayfair. Here are the details. Reduced […]

The 2018 Tax Filing Season is Not Over by Adam Cohen, CPA


Posted on May 23, 2019 by Adam Cohen

The March and April tax filing deadline have come and gone, and many individual and business taxpayers can happily bid farewell to their 2018 federal income tax-filing responsibilities. However, if you are one of the millions of taxpayers who applied for an automatic extension of time to file for 2018, don’t get too comfortable. The […]

What’s New for Opportunity Zone Investors in 2019? by Arkadiy (Eric) Green, CPA


Posted on May 14, 2019 by Arkadiy (Eric) Green

  The IRS recently issued a highly expected, second set of proposed regulations on the Opportunity Zone program intended to help more investors, developers, business owners and underserved communities across the U.S. begin working together to maximize the intended benefits of this program. Congress established the Opportunity Zone program at the end of 2017, as […]

IRS Issues Safe Harbor for Business Vehicles that Qualify for First-Year Bonus Depreciation by Cherry Laufenberg, CPA


Posted on April 16, 2019 by Cherry Laufenberg

Under the Tax Cuts and Jobs Act (TCJA), businesses have an opportunity to claim larger depreciation deductions beginning in 2018 for qualifying new and used property, including passenger vehicles, they acquire and place into service between Sept. 28, 2017, and Dec. 31, 2026. However, it is critical that businesses pay particular attention to recent IRS […]

IRS Warns of Top Tax Schemes for 2019 by Edward N. Cooper, CPA


Posted on April 05, 2019 by Edward Cooper

By Edward N. Cooper, CPA The IRS has issued its annual list of the Dirty Dozen scams that taxpayers should look out for in 2019. Under U.S. laws, taxpayers are legally responsible for the information contained in their tax returns, even when those documents are prepared by someone else. Therefore, it is critical that you […]