W-2 Scam in St Petersburg Florida

IRS: Watch Out for a W-2 Scam Targeting Payroll and HR Departments

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The IRS, along with state tax agencies, renewed their warning about an email scam that uses a corporate officer’s name to request employee W-2 forms from company payroll or human resources departments. The tax agency announced it has received new notifications that the...
Cybercrime in St Petersburg Florida

Train Employees to Avoid Cybercrime

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In an era of hyper-connectedness and a burgeoning global cybercrime industry, you can’t afford to hope you’ll just be lucky and avoid a successful attack. It’s essential to establish policies and procedures to minimize risk and train employees on how to protect...
Investment Interest in St Petersburg Florida

The investment interest expense deduction: Less beneficial than you might think

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Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — generally is deductible for both regular tax and alternative minimum tax purposes. But special rules apply that can make this itemized deduction less...
Charitable in St Petersburg Florida

DAFs bring an investment angle to charitable giving

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If you’re planning to make significant charitable donations in the coming year, consider a donor-advised fund (DAF). These accounts allow you to take a charitable income tax deduction immediately, while deferring decisions about how much to give — and to whom — until the time is...
Provisions in St Petersburg Florida

IRS Updates FAQs on Certain ACA Provisions

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The Trump Administration and the Republican majority in Congress plan to repeal and replace the Affordable Care Act (ACA) in the coming months. In the meantime, however, employers must continue to comply with the existing rules for 2016, including the information reporting...
Minimum Wages in St Petersburg Florida

Tax Deadlines Loom for Employers. Minimum Wages Rise in Many States

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Many employers will be facing more payroll-related changes at the state level this year than they will at the federal level. That’s because the minimum wage in many states was raised January 1 and surpasses the $7.25 federal minimum, which has prevailed since 2009. Other...
Whistleblower in St Petersburg Florida

IRS Reports a Significant Increase in Whistleblower Awards

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The IRS Whistleblower Office is celebrating its 10-year anniversary this year. The office was created under the Tax Relief and Health Care Act of 2006 to oversee the IRS whistleblower program, which is a critical part of overall enforcement and compliance. Since the program...
Deduction in St Petersburg Florida

Deduction for state and local sales tax benefits some, but not all, taxpayers

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The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes was made “permanent” a little over a year ago. This break can be valuable to those residing in states with no or low income taxes or who purchase...
Deadlines in St Petersburg Florida

2017 Q1 tax calendar: Key deadlines for businesses and other employers

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Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable...
Retirement in St Petersburg Florida

Consider State Taxes When Deciding Where to Live in Retirement

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When you retire, you may consider moving to another state — say, for the weather or to be closer to loved ones. State taxes also may factor into the equation. Here’s what you need to know about establishing residency for state tax purposes — and why the process may be more...