Governor Rick Scott signed House Bill 7109 on May 25, 2017, which reduces the state sales tax rate on commercial real property leases from 6% to 5.8% effective January 1, 2018. However, this rate decrease will not apply to current leases, because the bill provides that the tax rate in…
Chief executive officers of corporations large and small inhabit the rarefied air of the decision-maker charged with ultimate responsibility. Their management styles and philosophies shape their companies like few other forces. Pressure abounds. Though every business is the sum of its parts, CEOs know successes and failures will in the…
The Internal Revenue Code prescribes minimum imputed interest rates and time-value-of-money factors applicable to certain loan transactions and estate planning techniques. These rates are tied formulaically to market interest rates. The Internal Revenue Service updates these rates monthly. These are commonly applicable rates in effect for June 2017: Short Term…
Yesterday was International Workers’ Day and, around the world, there were marches planned to bring attention to both the accomplishments achieved through the efforts of workers and to the hardships experienced by workers (who are we kidding – these marches are mostly about the latter of these objectives). Although the…
On Wednesday, President Trump released his tax proposal. Take a look. It won’t take long. That’s it. One page of bullet points. For comparison, now look at this discussion of then-candidate Trump’s tax proposals during the presidential election campaign last fall. Anything new? Not really. While restating campaign promises may…