Buying property from a foreign seller expands your tax obligations

By Elizabeth Shauger, CPA & Director with Mauldin & Jenkins Are you purchasing property from a foreign seller? If so, you need to understand the Foreign Investment in Real Property Tax Act (FIRPTA) and how this legislation impacts your transaction. Individuals and entities from all over the world invest in United States (U.S.) real estate

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Older Lundy Koch & Martino opens Fort Myers office

The Tampa-based legal firm Older Lundy Koch & Martino has expanded into South Florida with a new office, in Fort Myers. The new office is located at 2256 First Street, Fort Myers. This is the firm’s sixth office. “It has been incredible to see our firm grow not only quickly but also carefully, and with

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Tax savings opportunity with R&D payroll tax credit

By Ginny Veit, Tax principal, CLA The federal research and development (R&D) tax credit was originally designed to be applied against income taxes. Under subsequent tax legislation, qualifying companies were permitted to make an annual election to apply up to $250,000 of their R&D credit against the employer portion of Social Security tax. The Inflation

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A new alternative to traditional insurance

By Hunter Williams, partner at M.E. Wilson In recent years, Florida business owners have seen a dramatic increase in the cost of insuring their operations against a multitude of risks. Whether that be property, liability or even auto insurance costs, business owners often face little to no control over unstable premiums and decreasing coverages. A

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So, you’ve signed a prenuptial agreement …. What next?

By Ky Koch, B.C.S., Board Certified Specialist in Marital and Family Law, Partner, OLDER LUNDY KOCH & MARTINO The negotiation, and drafting, of a Prenuptial Agreement is always quite complex. The emotionality of it – negotiating your divorce while planning a wedding – is always uncomfortable. Once the Agreement has been signed, what happens next?

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Nonprofit Planning Strategies During Economic, Political Uncertainty

If we’ve learned anything from the COVID-19 pandemic and our current economic and political environment, it is the need for planning, diversifying and risk management. Nonprofits already face many challenges with aging donor bases, and workforce constraints, and an uncertain economic and political environment can ignite additional challenges. Consider areas your nonprofit could address to

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Navigating the Current State of the Florida Property Insurance Market

The Florida property insurance market is in a state of flux with rising rates, non-renewals and companies leaving the state altogether. This is due to a number of factors including the state’s hurricane vulnerability, high litigation costs and a number of other challenges. What’s causing the crisis? Hurricanes: Florida is one of the most hurricane-prone

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FORVIS joins with French firm to form top 10 global network, Forvis Mazars

FORVIS, the eighth largest public accounting firm in the United States, with offices in Tampa, and Mazars, an international audit, tax and advisory firm, based in Paris, France, will jointly create a new, top 10 global network, effective June 1, 2024. The new network will position both firms for global growth by expanding their capabilities

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How Does the New Alimony Law Impact Me? Tips from a Board-Certified Expert

By: Kim Maxwell, B.C.S. OLDER LUNDY KOCH & MARTINO I Am Already Divorced and Am a Payor or Recipient of Alimony… After nearly ten years and multiple bill submissions to overhaul Florida’s alimony law, Governor Ron DeSantis signed a bill in June that significantly changed Florida’s alimony statute. The new law applies to initial divorce

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Cyberattacks are Increasing: Don’t Ignore These Risks

By Kadian Douglas, prinicipal with CLA Tampa As cyberattacks become more frequent, and sophisticated, cybersecurity awareness is critical for organizations to help protect their assets and reputation. Be alert for cybercriminals looking to commit criminal activities by exploiting companies. Watch for social engineering and phishing attacks An organization’s most valuable assets are at risk: data

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Governor Ron DeSantis reappoints Andrew J. Mayts Jr. to the 13th Judicial Circuit Judicial Nominating Commission

Shumaker Partner and Public Sector Chair Andrew J. Mayts has been reappointed to the 13th Judicial Circuit Judicial Nominating Commission, by Governor Ron DeSantis. As a member of the 13th Judicial Circuit JNC, Mayts will play a role in the selection and recommendation of candidates for judicial appointments within the 13th Judicial Circuit. “I am

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Preparing your business for a hurricane

By David Pettinato, Esquire OLDER LUNDY KOCH & MARTINO Storm season is quickly approaching. For over 25 years, I have been successfully advocating for my client’s rights for coverage under almost every type of commercial insurance policy. Working with business owners before, during and after a storm has led us to create our own preparedness

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