Karen Castillo joined the St. Petersburg office of FRSCPA, PLLC as a Tax Associate in August of 2016. Originally from Colombia, Karen is bilingual and able to assist our Spanish speaking clients. She holds degrees in Accounting, Finance, and Business Administration from Pace University – Pleasantville, New York, and is currently a candidate to become…
Dear Client: With a New Year, come changes in the tax law. Listed below are a few items that we would like to make you aware of for 2017. Please read each item carefully and let us know if you have any questions. Social Security/Medicare Tax Limits and Rates For 2017, the wage base for…
The Florida Department of Revenue has provided an updated list of local discretionary sales surtax rates for the 2017 calendar year. For 2017, the following counties have changes to their surtax rates: County Surtax rate change Explanation Alachua County 0.5% Includes a new 0.5% infrastructure surtax that begins January 1, 2017 and expires December 31,…
On December 13, President Obama signed into law the “21st Century Cures Act.” In addition to providing a medical innovation package that funds medical research, accelerates cutting-edge treatments for rare diseases, and makes significant reforms to the mental health system, the Act also allows small employers to provide Health Reimbursement Arrangements (HRAs) to their employees…
Small businesses are applauding legislation passed by the House and Senate and signed into law by the President that eliminates a tax penalty on employers who reimburse employees for the cost of health insurance premiums. Even though the tax was not part of the ACA, the IRS had initiated enforcement of the penalty on employers…
By now you’ve no doubt heard that a federal judge has delayed the Department of Labor pending rule on overtime pay. More than 4 million private-sector workers would have been eligible for mandatory extra pay or time off and job classifications would have changed from salary to hourly in many more cases. Many employers were just…
2016 will certainly be remembered as a year of unpredictability. The Dow flirting with 20,000, The Apprentice being elected President of the United States, and the Cubs finally winning the World Series. It’s easy in the last couple of weeks of the calendar year when life slows down a bit, It’s a Wonderful Life and…
In a 20 page decision U.S. District Judge Amos L. Mazzant ruled that several State Attorneys General and over 50 business groups that sued to block the rule that was scheduled to become effective December 1, 2016 stood a significant chance of success and therefore delayed the implementation of the Department of Labor’s rule requiring…
As Nobel Laureate BOB DYLAN once professed “THE TIMES THEY ARE A CHANGIN’.” Problem is it’s very difficult to project the direction of change.
http://www.wsj.com/articles/social-security-taxes-to-rise-for-higher-income-americans-1476807486