Home in St Petersburg Florida

Putting your home on the market? Understand the tax consequences of a sale

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As the school year draws to a close and the days lengthen, you may be one of the many homeowners who are getting ready to put their home on the market. After all, in many locales, summer is the best time of year to sell a home. But it’s important to think not only about the...
Consolidating in St Petersburg Florida

Consolidating accounts to simplify your financial life

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If you’ve accumulated many bank, investment and other financial accounts over the years, you might consider consolidating some of them. Having multiple accounts requires you to spend more time tracking and reconciling financial activities and can make it harder to keep a handle...
Amend in St Petersburg Florida

Need a do-over? Amend your tax return

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Like many taxpayers, you probably feel a sense of relief after filing your tax return. But that feeling can change if, soon after, you realize you’ve overlooked a key detail or received additional information that should have been considered. In such instances, you may want (or...
Value in St Petersburg Florida

Do Your Employees Value the Benefits You Offer?

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When you add them all up, employee benefits can easily equate to 30% or even 40% of total compensation. Chances are, your workers have no clue about that. But they should. The International Foundation of Employee Benefit Plans recently asked its members what they’re doing...
QSB in St Petersburg Florida

QSB stock offers 2 valuable tax benefits

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By investing in qualified small business (QSB) stock, you can diversify your portfolio and enjoy two valuable tax benefits: 1. Tax-free gain rollovers. If within 60 days of selling QSB stock you buy other QSB stock with the proceeds, you can defer the tax on your gain until you...
Family Wealth in St Petersburg Florida

Juggling family wealth management is no trick

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Preserving and managing family wealth requires addressing a number of major issues. These include saving for your children’s education and funding your own retirement. Juggling these competing demands is no trick. Rather, it requires a carefully devised and maintained family...
Disqualification in St Petersburg Florida

Unexpected retirement plan disqualification can trigger serious tax problems

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It’s not unusual for the IRS to conduct audits of qualified employee benefit plans, including 401(k)s. Plan sponsors are expected to stay in compliance with numerous, frequently changing federal laws and regulations. For example, have you identified all employees eligible for...
Advisers in St Petersburg Florida

New Rules for Certain Investment Advisers

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After several years of processing, the U.S. Department of Labor (DOL) issued new fiduciary regulations on April 6. A previous attempt, back in 2010, was scrubbed when the investment community roundly criticized it as overkill. The new regulations seek to update the Employee...
Workforce in St Petersburg Florida

Building the Workforce of Tomorrow Starts Today

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Attracting and retaining qualified employees is a top concern for U.S. businesses, according to the Duke University / CFO magazineGlobal Business Outlook survey for the first quarter of 2016. Each year, thousands of positions go unfilled, often because job applicants don’t...