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The Law Governing Admissibility of Expert Witness Testimony in Florida – It’s Back to Daubert! by Richard S. Fechter, JD, CFE, CAMS


Posted on June 03, 2019 by Richard Fechter

The Florida Supreme Court issued a per curiam opinion on May 23, 2019, reversing its decision seven months earlier in Delisle v. Crane, (Case No. SC16-2182) concerning Florida Statute Section 90.702 and the admissibility of expert witness testimony in the state. The court made a complete about face, rejecting the less rigorous Frye standard established […]

Will We Feel GILTI under Tax Reform? by Andre Benayoun, JD


Posted on September 01, 2018

In an effort to prevent U.S. businesses from shifting profits offshore to low-tax countries, the Tax Cuts and Jobs Act imposes an annual tax on foreign income that exceeds 10 percent of a taxpayer’s return on all foreign depreciable assets, including plants, equipment and real estate. However, under this Global Intangible Low Taxed Income (GILTI) […]

IRS Reaffirms Retirement Plan Contributions Limits for 2018 by Nancy M. Valdes, CPA


Posted on May 30, 2018

Tax season is here, and most taxpayers are focused on gathering documentation to file their 2017 tax returns by the April 17, 2018, deadline. Yet, it’s also important for taxpayers to consider the cost-of-living adjustments that the IRS has applied to retirement plan contributions in 2018, which taxpayers will report on their returns in 2019. […]

Florida Kicks off 2018 Hurricane Season with Week-Long Sales Tax Holiday by Michael Hirsch, JD, LLM


Posted on May 04, 2018 by Michael Hirsch

The Florida legislature recently announced the creation of a seven-day Disaster Preparedness Sales Tax Holiday from June 1 to June 7, 2018. During this first week of the 2018 hurricane season, Florida residents will not be required to pay sales tax on hurricane-preparation supplies that include the following: Reusable ice costing $10 or less, Flashlights, […]

IRS to Eliminate Voluntary Offshore Disclosure Program by Arthur Dichter, JD


Posted on April 10, 2018 by Arthur Dichter

Taxpayers have until Sept. 28, 2018, to avoid criminal prosecution and steep penalties when they coming forward voluntarily and share with the IRS previously undisclosed foreign financial assets. The IRS announced that on that date it will end the Offshore Voluntary Disclosure Program (OVDP) that it implemented to encourage reticent taxpayers to come into compliance […]

Tax Reform Limits Business Use of Net Operating Losses by Joanie B. Stein, CPA


Posted on March 29, 2018 by Joanie Stein

The Tax Cuts and Jobs Act aims to make it impossible for businesses to continue using net operating losses (NOLs) to reduce their corporate tax liabilities to zero over more than two decades.   For taxable years beginning after Dec. 31, 2017, NOL carrybacks are eliminated for most business (excluding farming and insurance businesses), and […]