Charitable in St Petersburg Florida

What’s your charitable donation deduction?

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When it comes to deducting charitable gifts, all donations are not created equal. As you file your 2015 return and plan your charitable giving for 2016, it’s important to keep in mind the available deduction: Cash. This includes not just actual cash but gifts made by check,...
Audit Process in St Petersburg Florida

Making the audit process more efficient

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Recently, the Center for Audit Quality (CAQ) and the Institute of Internal Auditors (IIA) conducted a series of roundtable discussions among internal auditors, external auditors and audit committee chairs. The purpose was to identify major risk management and financial statement...
Green in St Petersburg Florida

Go, save green with sustainable tax breaks

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Many people want to do something, however small, to contribute to a healthier environment. There are many ways to do so and, for some of them, you can even save a few tax dollars for your efforts. Indeed, with the passage of the Protecting Americans from Tax Hikes Act of 2015...
Health Screenings in St Petersburg Florida

Employee Health Screenings Can Be Well Worth the Effort

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Adding biometric health screenings to your company’s wellness program can yield a bumper crop of benefits. This may explain why these screenings are rapidly gaining popularity. But beware: These screenings aren’t a low-maintenance HR initiative. Expected Benefits Here...
Higher Education in St Petersburg Florida

Educate Yourself about the Tax Benefits for Higher Education

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Attending college or graduate school is one of the biggest investments you’ll ever make — and spring is the time schools normally announce who’s in and who’s out. If you or your child (or grandchild) plans to attend an institution of higher learning in the fall,...
Education-Related Tax Breaks in St Petersburg Florida

How to max out education-related tax breaks

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If there was a college student in your family last year, you may be eligible for some valuable tax breaks on your 2015 return. To max out your education-related tax breaks, you need to see which ones you’re eligible for and then claim the one(s) that will provide the greatest...
Prenup in St Petersburg Florida

Protecting your assets without a prenup

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If you or one of your children is getting married, you may be concerned about protecting your family’s assets in the event of a divorce. This is a particularly significant issue for family business owners, who typically want to avoid sharing ownership with their ex-spouses or...
Financial Statement Fraud in St Petersburg Florida

Fraud toolbox: The nuts and bolts of financial statement fraud

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Financial statement schemes continue to rank among the most costly types of occupational fraud for all types of organizations. The costs frequently include more than just the loss of assets — victimized companies also may suffer lost shareholder value, lower employee morale,...
Marital Dissolution in St Petersburg Florida

Determining value in marital dissolution cases

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What type or quantity of evidence is needed to establish the value of a business for marital dissolution purposes? This was one of the key issues in Hugh v. Hugh. On appeal, the wife argued that the trial court had erred in declining to value and equitably distribute the couple’s...
Employee Benefits in St Petersburg Florida

Get More Bang for Your Buck with Tax-Favored Employee Benefits

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2016 ushers in a few changes to the tax laws that govern benefits, as the IRS recently laid out in its annual “Tax Guide to Fringe Benefits.” The document features important clarifications, not just identifying which benefits are and aren’t tax-exempt to...