Taxes

By Elizabeth Shauger, CPA, Mauldin & Jenkins Are you acquiring or selling a business? Buying or selling a business has a lot of moving parts. Although there are many complex types of mergers and acquisitions, the stock or asset sale are among the most straightforward. There are advantages and disadvantages to both an asset sale

By Brian Carter, CPA, Mauldin & Jenkins A family business can be a wonderful asset that not only supports multiple family members but also helps keep the various generations connected. Unfortunately, the same business can complicate estate administration and wreak financial, and emotional, havoc on heirs. To avoid that outcome, it is critical that business

By Brian Duren, signing director  and Chris Dhanraj, managing principal of investments Since their introduction in the Tax Cuts and Jobs Act of 2017, Qualified Opportunity Zones (OZ) have attracted attention as an important tool to help mitigate income tax liabilities. And, despite the headlines focusing on rising inflation, rising interest rates and possible rising

By Jeff Servais, principal, and David Laugtug, principal, CLA In the life of a business, ownership transition is inevitable. Whether selling to private equity or to the next generation of your family, someone else, at some point in time, will own your company. Most owners don’t realize how this process, often highly emotional, balances a

By Dawn Morgan, CPA and Kathleen Martin, CPA Many entrepreneurs in Tampa Bay entered 2020 with new business ventures in motion or expansions of existing business—opening new locations, new entities or a combination of the two. Despite hits from the COVID-19 pandemic, the Tampa Bay area saw a trending increase in new business applications, according

By Jaime R. Girgenti, Esq. and Frances E. Martinez, Esq., OLDER LUNDY ALVAREZ & KOCH On March 11, 2021, President Biden signed into law the American Rescue Plan Act of 2021.  Part of that $1.9 trillion dollar plan is a change to the IRS child tax credit, which could have an impact on divorced parents

By Chris Dhanraj, Managing Principal of Investments at CLA & Adam Bourk, Senior Wealth Advisor at CLA 2020 was the year of COVID. 2021 is likely the year of taxes. President Biden’s administration has passed, or proposed, three different spending programs approaching $2 trillion each, and on May 28 proposed a $6 trillion budget. The means

By Brian Leidel, CPA, CFP, PFS, shareholder with Kerkering, Barberio & Co. On the surface, establishing and operating a law firm seems like any other business: hang a shingle, perform services for clients, bill and collect, pay staff and overhead, and share profits among the owners. However, many important accounting and tax issues need to

By Chris Taylor, The Urie-Taylor Group, UBS Financial Services About a year ago, we were breaking the record for the longest-lasting economic expansion in U.S. history, with seemingly no end in sight. But all of this changed, in mere weeks, as the shutdown of the global economy turned record-low unemployment into record-high unemployment and threatened