Category: Uncategorized

Uncategorized

Florida Adopts More Flexible Uniform Fiduciary Income and Principal Act for Trusts By Sarah Gaymon, CPA


Posted on June 10, 2025 by Sarah Gaymon

Florida laws relating to the fiduciary administration of trusts, estates and life estates with succeeding beneficiaries became more attractive on Jan. 1, 2025, with the enactment of the Florida Uniform Fiduciary Income and Principal Act (FIPA). The law provides fiduciaries with more flexibility in trust administration and aims to make Florida an even more appealing […]

Is Your Business Prepared for Hurricane Season? by Kevin McNally, JD


Posted on June 04, 2025 by Kevin McNally

Another hurricane season kicked off on June 1, reminding businesses along the Gulf and Eastern seaboards of the devastation that tropical-force winds and rain can inflict and their long-term impact on continuing normal business operations. The following checklist outlines best practices to help you protect and preserve your assets, mitigate losses before a storm strikes, […]

UPDATED – Corporate Transparency Act Reporting Deadline Looms for Law Firms and Their Corporate Clients by Dan Hughes, CPA/CFF, CGMA, CVA


Posted on November 05, 2024 by Daniel Hughes

UPDATED – On March 2, 2025, the Department of Treasury announced CTA will be narrowed to only foreign reporting companies.   UPDATED – On December 3, 2024, a federal court in Texas ruled that the CTA is likely unconstitutional and prohibited its enforcement. This set off a review, injunction and follow-up hearing date in March […]

Recent Court Rulings Uphold Congressional Authority to Assess Taxes and Penalties on U.S. Taxpayers with Foreign Interests by Andrew Leonard, CPA


Posted on September 12, 2024 by Andrew Leonard

The IRS scored significant wins in two separate cases before the U.S. Supreme Court and D.C. Court of Appeals. While both matters addressed different provisions of the tax code, the court’s decisions essentially fortified the IRS’s international reach and its ability to enforce compliance with various U.S. tax laws regarding taxpayers’ foreign investments and business […]