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Tax Relief for Victims of Severe Storms and Flooding in South Carolina

Victims of the severe storms and flooding that took place beginning on October 1, 2015 in parts of South Carolina may qualify for tax relief from the Internal Revenue Service. Following the recent disaster declaration for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in South Carolina will receive tax relief. The President has... Read More

April 18 Deadline for 2015 Individual Tax Returns

The due date for 2015 Form 1040 will be Monday April 18, 2016 since Friday, April 15 is a holiday in Washington D.C. Residents of Maine and Massachusetts will have until April 19, 2016 since Monday April 18 is the Patriots Day holiday in those states. Read More

Ongoing Responsibility for Retirement Plans

Another May 2015 Supreme Court decision may affect business owners. In Tibble v. Edison International (No. 13-550), the Court unanimously held that there is no statute of limitation on fiduciary responsibility for 401(k) plans. In this case, employees of a utility company filed suit, alleging that the company had added some relatively high-fee mutual funds to the 401(k) plan’s menu of investment... Read More

Past Losses Offer Winning Opportunities

For nearly two decades, investors have been riding a stock market roller coaster. The late 1990s tech stock boom turned into a bust in the early years of this century, as the Dow Jones Total Stock Market Index fell by nearly 45%. After a real estate-led recovery pushed stocks to new highs, a real estate collapse dropped that index more than 50% from 2007 to 2008. Since then, the index has nearly tripled; as... Read More

HLB International Appoints New Members in Trinidad & Tobago and Mexico

HLB International, one of the leading global accountancy networks with presence in 130 countries, has recently signed new members in Mexico and Trinidad & Tobago. Trinidad & Tobago Established in 1975, D Montgomery & Co ranks in the Top 8 nationally and provides audit & accounting, tax, corporate finance and consulting services with special expertise in liquidations, receiverships and... Read More

Beth Salvati Featured on IBIS World Client Q&A

Beth Salvati was featured this month on IBIS World’s Client Q&A which features various industry leaders discussing trends and issues, as well as how IBIS can help. Click here to read the article. Read More

HLB International adds Top Seven firm in Singapore: Foo Kon Tan LLP

HLB International has added Foo Kon Tan LLP (FKT) to its network in Singapore. Founded in 1968, FKT is one of Singapore’s most established and respected accountancy practices, ranking in the Top 7 nationally with USD 23 million turnover and over 300 multi-disciplinary professionals. The majority of the firm’s 20 partners and directors have previous experience with the Big Four accounting firms. FKT... Read More

Simple 401(k) Plans May Appeal to Employees

Many workers value employer-sponsored 401(k) retirement plans. Consequently, offering a 401(k) may help a small company attract and retain high-quality employees. Offering a standard 401(k) plan can involve considerable administrative time and expense, but business owners with fewer than 100 employees may find a practical solution in a SIMPLE 401(k). SIMPLE 401(k) plans are very similar to the traditional... Read More

Why You Need a Will

You may think that your estate plan should include a will in order to handle the disposition of your assets. That’s true: If you die “intestate,” meaning without a will, some or all of your assets probably will be distributed according to state law. In reality, though, having a will may have less of an impact on asset disposition than you think. That said, there are still multiple reasons why you... Read More