Posted on July 29, 2021
by
Lewis Taub
According to the U.S. Treasury, the cryptocurrency market capitalization in April 2021 reached more than $2 trillion. Today, there are approximately 4,000 virtual currencies, such as Bitcoin (BTC), Etherium (ETH), Tether (USDT) and Dogecoin (DOGE), stored and traded on more than 8,600 cryptocurrency exchanges around the world, including Kraken and the largest exchange, Coinbase, which […]
Posted on July 26, 2021
by
John Ebenger
Commercial property owners in Florida will soon receive Truth in Millage (TRIM) notices indicating the county’s appraised market value of their real estate and the estimated property taxes they can expect to pay for the year. Although it is not uncommon for landlords and developers to ignore these estimates in anticipation of receiving a final […]
Posted on July 22, 2021
by
Angie Adames
It’s no wonder that the commercial air travel restrictions and individual concerns over personal safety during the COVID-19 pandemic spurred a global increase in private jet sales. According to market intelligence firm JetNet, sales and leases of pre-owned aircraft during the first four months of 2021 were up 32 percent over the same period in […]
Posted on July 07, 2021
by
Lewis Taub
Signaling that cryptocurrency is not a passing fad, more than 12,000 people gathered in Miami in early June 2021 for what was billed as the largest Bitcoin conference in history. As digital currency continues to gain mainstream popularity — both as a viable investment vehicle and a method of payment for goods and services — […]
Posted on June 29, 2021
by
Angie Adames
There is a very fine line between business and pleasure when it comes to how the IRS treats business-travel expenses, including airfare, meals and lodging. In general, some or all of these costs may be deductible only when they are deemed reasonable, necessary and directly attributed to the taxpayer’s active conduct of a trade or […]
Posted on June 22, 2021
by
Karen Lake
Florida’s legislature recently approved House Bill 7071 offering families throughout the state a variety of tax-saving opportunities, including a new sales-tax holiday that celebrates all the outdoor activities that local residents can enjoy year-round. The first-ever Florida “Freedom Week” allows residents to purchase an expansive list of recreational equipment and outdoor supplies free of sales […]
Posted on June 21, 2021
by
Joanie Stein
The IRS issued important guidance concerning an expansion of the COVID-19-related paid sick and family leave tax credits available to employers under the American Rescue Plan (ARP) enacted earlier this year. Background Congress introduced the emergency paid sick leave and family and medical leave programs in 2020 as part of the Families First Coronavirus Response […]
Florida families preparing for the beginning of another school year may want to schedule their back-to-school shopping during the state’s extended 10-day sales-tax holiday, which runs Saturday, July 31 through Monday. August 9, 2021. This is the first year since 2015 that the Florida legislature approved a back-to-school sales tax holiday for more than 5 […]
The 2019 Setting Every Community Up for Retirement Enhancement Act (SECURE Act) killed off a popular estate-planning strategy that had allowed IRA owners to pass retirement savings tax-free to their heirs and provide beneficiaries with tax-deferred growth and distribution payments over their lifetimes. Under the new law, however, non-spouse IRA beneficiaries must withdraw the entirety […]
Posted on June 09, 2021
by
Adam Cohen
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 2022 and yield the 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 2022 to $3,650 […]
