Florida’s beautiful beaches, booming economy, and status as a tax-friendly state make it an attractive spot for entrepreneurs. The Sunshine State even claimed the title of the third-best state to start a business in 2024. Of the 3.5 million business entities in Florida, almost 2.5 million are limited liability companies (LLCs). LLCs offer benefits like […]
Archives for March 2024
Enforcement, voluntary programs yield over $1 billion from ERC claims
On the deadline for businesses to offer to repay erroneous employee retention credit claims under the voluntary disclosure program (VDP), the IRS said assessments account for $572 million of the revenue, with the VDP and the claim withdrawal process accounting for the rest.
Weekend Reading For Financial Planners (March 23-24)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the SEC has recently been cracking down on firms for recordkeeping failures related to electronic communications, including their use of text messaging with prospects and clients. Which could serve as a warning to firms to […]
Carbon Accounting and Management Startup Greenly Raises $52 Million – ESG Today
Carbon Accounting and Management Startup Greenly Raises $52 Million ESG Today
Navigating spot bitcoin ETFs, and capturing benefits from more traditional funds
After the SEC approved 11 bitcoin exchange-traded funds in January, clients may have more interest in the asset, but still have plenty of questions and concerns.
Taxpayer notice of third-party contact shortened under proposed regs.
The IRS would reduce the notice of third-party contact with respect to the determination or collection of the taxpayer’s tax liability to 10 days from 45 days in several circumstances involving statutory periods for assessments and collections that expire in one year or less.
Crash or land: The Fed holds tight and Wall Street rejoices
The central bank is holding fast to its plan for three rate cuts, even as inflation remains stubborn. But is a soft landing still likely?
Lawmakers question Biden budget as tax experts plan ahead
The Senate Finance Committee held a hearing to discuss the Biden administration’s recently unveiled budget and tax proposals, as tax experts try to predict what will happen after the election.
Your Go-to Small Business Tax Deductions Checklist
Business expenses add up—fast. Fortunately, there are extensive tax deductions available for small business owners to offset the cost of running a business. Unfortunately, tax deductions can be complicated and confusing. Use our small business tax deductions checklist to simplify tax time, check out common FAQs relating to deductions, and get tips. Small business tax […]
Kitces & Carl Ep 134: Helping Clients Who Can’t Ever Get To ‘Enough’ (And When They Don’t Really Want To)
For many financial advicers, helping long-time clients identify and progress toward their goals eventually transitions into conversations around the best ways to enjoy the fruits of their labor once they reach them. Yet, for some clients, making the shift into retirement (or any other new stage of their lives) can often be a challenge for […]