Category Archive for "News"

Surviving Florida’s Rainy Season

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As we mentioned last week, we all know that hurricane preparedness is crucial for your business, but there are also home maintenance tasks and preventive measures for keeping you and your home protected during the Tampa area’s season of relentless…

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IRS Rules for Deducting Home Mortgage Interest

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Unlike most other types of personal interest, home mortgage interest that meets the definition of “qualified residence interest” can be claimed as an itemized deduction on your federal income tax return. Here’s a closer look at the terminology underlying this…

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What Are the Tax Implications For Student Loan Debt Relief?

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Today’s college students often leave school with an overwhelming amount of debt. In some cases, student loans are discharged (also known as being cancelled or forgiven). In other cases, these loans are paid off by an employer. Both actions have…

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Are You Ready for the New Overtime Rules?

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The deadline for the Department of Labor’s (DOL’s) new final overtime rule is December 1, 2016. While CFOs at most large U.S. companies have been working overtime themselves to prepare for the changes, many small and midsize firms haven’t been…

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Case Study: Beneficial Capital Gain Treatment Allowed for Real Estate Developer

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In one pro-taxpayer decision, the 11th Circuit Court of Appeals concluded that more than $5 million of proceeds from selling rights to buy land and build a luxury condo project counted as lower-taxed long-term capital gain rather than higher-taxed ordinary…

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Looking For Some Fourth of July Fun?

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We’ve Got You Covered, From Tampa to St. Pete! Happy Birthday America! Fourth of July celebrations in the Bay area seem to get a little bigger, louder and tastier each year. Here’s a sampling of some of the more popular…

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Consider an Alternate Metric to Value Your Small Business

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Would you use a complicated discounted cash flow analysis to estimate the value of a mom-and-pop restaurant? How about using a price-to-earnings multiple derived from publicly traded restaurant chains? Neither method seems appropriate for a small family-operated eatery. As this…

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Business Tips: Ethical Sales Is Not an Oxymoron

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You know you’re operating a reputable business, but is that the impression your sales force is leaving with potential customers? Or is your sales team willing to say whatever it takes to seal the deal? In today’s cutthroat business climate,…

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IRS Initiates Tax Design Competition

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Aims to Make Online Tax Information Easier to Understand For Readers  Washington, D.C. (March 23, 2016) By Michael Cohn, Courtesy of Accounting Today The Internal Revenue Service is offering up to $10,000 to the winner of a new competition to…

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Feds Indict Former U.S. House Candidate For Tax Evasion

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The politico did not pay over to the IRS payroll taxes totaling more than $200,000. Federal prosecutors have filed tax evasion charges against a former Republican candidate in Florida for a seat in the U.S. House of Representatives. According to…

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