Disaster Tax Relief Act
By Zach Wimberger, Tax Services, Rosenfield & Co, PLLC On September 29th 2017, President Trump signed the Disaster Tax Relief and Airport and Airway Extension Act of 2017, putting forth changes to provide tax relief for any taxpayers that have been impacted by Hurricanes Harvey, Irma, and Maria. The most notable relief this law provides […]
Republican Tax Reform Framework
By Jennifer Kobylarz, CPA, MST – Tax Services, Rosenfield & Co, PLLC On Wednesday, September 27th, the Republican Party announced their Tax Reform Framework, outlining tax cuts for both individuals and businesses. Largely, the Framework conforms to the goals President Trump outlined in April. The largest difference being the proposed corporate tax rate; President Trump […]
House Bill 7109 for Florida Sales Tax on Rent
From the desk of Jennifer Kobylarz, CPA, MST Florida Statute §212.031 currently imposes a 6% sales tax on rents received for the right to use real property. The applicable sales tax rate for rents is currently 6% in all counties except for Miami-Dade, where the rate is 7% due to a 1% county add-on option. Over […]
Capturing Micro-Captive Transactions Abuse- Possible Action Required by January 2017
From the Desk of Jan Dulman, CPA, Partner On November 1, 2016 the Department of the Treasury and the Internal Revenue Service (the “Agencies”) cast a wide net in the form of Notice 2016-66 in an attempt to capture and close what is believed to be transactions with the potential for tax avoidance or evasion by […]