News

During the tax preparation season, business owners, individual taxpayers, and CPAs may have questions for the IRS. If you need to call the agency, be prepared for a long wait. Increased tax code complexity plus... Continue Reading

The federal estate tax exemption for deaths in 2016 is $5.45 million. Married couples may be able to pass twice that amount—$10.9 million—to their heirs without triggering estate tax. Some planning is... Continue Reading

HLB International, one of the leading global accountancy networks with presence in 130 countries, continues its growth with the recent signing of new members in Brazil, Jamaica and Paraguay. Brazil Olimpio... Continue Reading

The tax update related to Section179 and bonus depreciation is for federal purposes only until adopted by the states. Through 2014 some states have differed in the amount allowed under Section 179 and have... Continue Reading

HLB International, one of the leading global accountancy networks with presence in 130 countries, has recently signed three new members in Portugal. Conceito S.A Established in 1982 and based in Lisbon,... Continue Reading

For business owners who are seeking a successor, the right person might be obvious. If you have a co-owner or partner, a buy-sell agreement can set the terms; if a younger family member is willing and able, you... Continue Reading

The deadline for 2015 IRA contributions is April 18, 2016. Workers and their spouses who were under age 70½ at year-end 2015 can each contribute up to $5,500, or $6,500 for those 50 and older. For traditional... Continue Reading

When you file your 2015 federal income tax this year, you can take a standard deduction. For 2015, that’s $6,300 for single taxpayers and for married individuals filing separately; $12,600 for couples filing... Continue Reading

HLB International, one of the leading global accountancy networks with presence in 130 countries, has recently signed a new principal member in The Channel Islands – PraxisIFM. Established in 1972, with... Continue Reading