The U.S. imposes an estate or gift tax on the transfer of wealth above a
A 1031 exchange, otherwise known as a like-kind exchange is done when a property that
Florida is a major real estate state with investments in properties increasing every year. However,
Limited liability companies (LLCs) have become popular as a legal entity to help investors and
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act (the “Act”),
Many Florida companies benefit from using deferred compensation plans for a variety of reasons. Some startup companies lack the current cashflow to hire key employees; however, the company might be able to attract the right candidate by tying a portion of the employee’s compensation to future corporate earnings.
Certain gifts made during the course of the year can be deducted from your business’s taxable income. Of course, the IRS provides several limitations and exceptions, such as a $25 maximum per recipient and exclusion of gifts which are branded with the giver’s name or logo.