IRS Announces the Start of 2018 Tax Season
The IRS has announced that the income tax filing season will start a little later than usual this year. The nation’s tax season will begin Monday, January 29, 2018 a bit later than the start of last year’s filing season.
Is It Time For Crypto-Currencies To Be Regulated?
Concerns over cryptocurrencies range from tax evasion, money laundering, terrorism financing, to investor fraud. The United Kingdom has fast-tracked a proposal to update existing European Union (EU) wide anti-money laundering and counter-terror financing regulations to specifically address cryptocurrencies. A significant change in the EU regulatory environment may force the U.S. to increase its oversight as well.
Webinar: Understanding the Tax Reform Bill
Join us for an informative webinar on the Tax Reform Bill. Our webinar will cover business and personal tax revisions as well as the latest developments in estate planning. You’ll learn what’s in the new tax bill and what it means for you and your business.
MBAF Named 2018 Best Place to Work
MBAF was recently named a 2018 Best Places to Work finalist by South Florida Business Journal. As a 2017 Best Places to Work honoree and recipient of several other workplace recognitions this year, MBAF has established itself as an industry leader in employee satisfaction.
Is Now the Best Time to Consider Relocating to a Low or No Income Tax State?
The Tax Cuts and Jobs Act, will have many implications for those in all tax brackets, and in particular, High Net Worth Individuals. State income taxes will only be deductible to the extent of $10,000 combined with your real estate taxes, and no longer fully deductible on your federal return. This means that now may be the best time to consider relocating to a state with a lower, or no, income tax.
Don’t Forget to Take Advantage of Reduced Florida Sales Tax on Commercial Rents
Did you know that Florida collects sales tax on commercial rent? The state tax is applicable to commercial rentals and residential rentals if rented for 6 months or less. This unusual tax has been in effect in Florida since 1969. Over the years there have been movements to repeal the tax with little or no progress. However, the legislature announced earlier this year that there will be a slight reduction in the tax.