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Tax credits help offset higher education costs

Taxpayers who pay for higher education in 2018 can see tax savings when they file their tax returns. If taxpayers, their spouses or their dependents take post-high school coursework, they may be eligible for a tax benefit. There are two credits…
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New Rule for Sales of Clothing and School Supplies

SPECIFIC REASONS FOR FINDING AN IMMEDIATE DANGER TO THE PUBLIC HEALTH, SAFETY OR WELFARE: Section 54 of Chapter 2018-118, Laws of Florida, authorizes the Department of Revenue to promulgate emergency rules to implement the provisions of the…
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How the ‘Hollywood Model’ of Work Could Change HR and Accounting

The gig economy is changing the way companies do business, which means it’s also changing the way human resource managers and accounting professionals do their jobs. One of the biggest shifts has to do with what HR Daily Advisor calls the…
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It’s Never Too Early: 5 Tips to Get Kids Started with Retirement Planning

It’s a whole new world for recent college graduates entering the workforce. Their priorities have changed; now bills, rent, and student loans lead their monthly list. Retirement planning ranks low as a priority for many young people in…
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A new playing field for business

The Supreme Court’s decision on sales tax collection could give smaller companies that rely on in-store sales a better chance to compete with virtual retailers. For years, many shoppers in the United States had a choice: buy from an in-state…
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2018 Disaster Preparedness Sales Tax Holiday

The 2018 Disaster Preparedness Sales Tax Holiday was passed by the Florida Legislature and signed into law by Governor Rick Scott. This sales tax holiday begins Friday, June 1, 2018 and extends through Thursday, June 7, 2018. During this…
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Check withholding to avoid tax surprises

The Internal Revenue Service encourages taxpayers who typically itemized their deductions on Schedule A of the Form 1040 to use the Withholding Calculator this year to perform a “paycheck checkup.” People who have itemized before may…
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Businesses Get More Time to Challenge IRS Levies

Individuals and businesses have additional time to file an administrative claim or to bring a civil action for wrongful levy or seizure, according to the Internal Revenue Service. An IRS levy permits the legal seizure and sale of property…
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IRS gives taxpayers relief from erroneous HSA contributions

The IRS announced on Thursday that it is modifying the annual limitation on deductions for contributions to a health savings account (HSA) allowed for taxpayers with family coverage under a high-deductible health plan (HDHP) for calendar year…