by Steven J Weil, PhD, EA, LCAM | Nov 20, 2023 | Blog, Business Tax
Sales Tax in Florida Can Be Complex Think You Understand Florida Sales Tax? Confusion can be as close as your next trip to the grocery store. While many think it’s a simple as what you can eat and what you can’t — this is just not true. Let’s review some... by Steven J Weil, PhD, EA, LCAM | Nov 18, 2023 | Blog, Personal Tax
Not able to itemize every year? Think about bunching deductions in the years you can itemize. If you have qualified itemized deductions that are NOT equal to the standard deduction in one year, you might be better off pushing deductions to the next year and itemizing... by Steven J Weil, PhD, EA, LCAM | Nov 15, 2023 | Blog, Business Tax
Now Is The Time To Verify Information Needed for 1099-MISC’s and 1099-NEC’s Businesses that pay $600 or more for services or rents during the year should review vendor information to make sure they have what they need to prepare the required forms at the end of the... by Steven J Weil, PhD, EA, LCAM | Nov 12, 2023 | Blog, Personal Tax, Wealth
Estate Planning Watch Out For the Cliff Watch out for the coming estate tax cliff. The Tax Cuts and Jobs Act increased the estate tax exemption amount through 2025. After 2025 the unified credit drops from $12.92 million per individual for 2023 to a figure around $7... by Steven J Weil, PhD, EA, LCAM | Nov 10, 2023 | Blog, Personal Tax
Charitable Contributions & Your 2023 Taxes The deduction of charitable contributions by non-itemizers has expired along with the enhanced deduction of itemized charitable contributions. However, considering charitable contributions for the year remains a viable... by Steven J Weil, PhD, EA, LCAM | Nov 4, 2023 | Blog, Business Tax
FinCEN Small Business Beneficial Ownership Information Reporting Compliance Guide FinCEN Publishes Small Business Beneficial Ownership Information Reporting Compliance Guide: The Financial Crimes Enforcement Network (FinCEN) has published a Small Entity Compliance... 