Insights

In calculating the Section 199A deduction, taxpayers must also determine the unadjusted basis immediately after acquisition (“UBIA”) of all qualified property of the trade or business. The UBIA serves as a limit on a taxpayer’s 20 percent Section 199A deduction. The proposed 199A regulations, promulgated in August 2018, provide that…

The Treasury Department issued final regulations on January 18, 2019, on Code Section 199A and its 20 percent deduction against qualified business income. The final regulations make a number of significant changes to the proposed regulations, which were issued on August 16, 2018, and also provide a plethora of additional…

Pay Audits are different from wage and hour audits. A wage and hour audit looks at whether employees are being paid in compliance with state and federal wage and hour laws. A pay audit reviews whether there may be discrimination in pay practices within an organization. With the #metoo movement…

With the passage of Amendment Two to Florida’s Constitution of in November 2016, qualified physicians may now issue physicians’ certifications for the medical use of marijuana by individuals with debilitating medical conditions. The amendment’s passage has prompted numerous legal questions including those from businesses that employ and/or contract for the…

On October 5, 2018, the Centers for Medicare/Medicaid Services (CMS) announced that it will soon promulgate new regulations aimed at increasing the oversight of health care and other services provided to senior citizens and the elderly. CMS hopes the new regulations will ensure that appropriate care occurs, decrease elderly abuse…