Tag Archive | "accounting"

Business Tax Planning,Financial Planning,News,Tax

Congress Votes to Approve Legislation to Avert “Fiscal Cliff”02 Jan

Over the New Year’s weekend, both houses of Congress voted to approve legislation that will avert the so-called “fiscal cliff” – the American Taxpayer Relief Act.   The law does increase income taxes on the wealthiest taxpayers in the U.S. and keeps tax rates the same for single taxpayers with taxable income under $400,000 and for joint filers with taxable income under $450,000.  The law also makes permanent changes to the alternative minimum tax that will literally save millions of Americans   [Read More...]
Tax

IRS Releases Proposed Reliance Regs on 3.8 Percent Surtax on Net Investment Income31 Dec

The lRS has issued proposed reliance regs and frequently asked questions (FAQs) on the new 3.8 percent surtax on net investment income (NII) under the Health Care and Education Reconciliation Act (HCERA). The regs and FAQs fill in many of the gaps within the statutory language under Code Sec. 1411. The NII surtax is effective January 1, 2013. The proposed regs describe the individuals subject to the surtax, its application to estates and trusts, definition of NII, computation of net   [Read More...]
Healthcare,Manufacturing,Tax

Manufacturers Excise Tax on Medical Devices31 Dec

After Dec. 31, 20 12, the sale of a taxable medical device (as defined below) by the manufacturer, producer, or importer of the device is subject to a tax equal to 2.3% of the price for which it is sold (the “excise tax on medical devices”). Proposed regulations, which would take effect for sales of taxable medical devices after Dec. 31, 2012, would make clear that the existing rules governi ng Chapter 32 manufacturers excise taxes (statutory, regulatory, lRS guidance,   [Read More...]
Business Tax Planning,Construction

Construction Contractors – To Change or not to Change07 Jan

In certain cases, construction contractors may want to consider changing tax accounting methods to accelerate deductions or defer income. The CPAs at HBK advise Southwest Florida, Fort Myers and Cape Coral area clients with business tax planning advice.
Business Tax Planning,Construction,Manufacturing,Tax

Forklift Fuel Credit15 Jul

One of the most commonly missed tax credits for Construction and warehouse activities is the Alternative Fuel Tax Credit” for taxpayers that use propane powered forklifts.
Business Tax Planning,Healthcare,Tax

The Patient Protection and Affordable Care Act (Patient Protection Act)23 Mar

As most of you are now aware, the House of Representatives approved a massive health care reform package on March 21, 2010 that includes over $400 billion in revenue raisers and new taxes on individuals and employers.  Certain legislative rule changes were made to allow the Senate to pass the Health Care Act with only 51 votes rather than the usual 60 vote super-majority.  With certain changes still pending, the Patient Protection Act is expected to be signed by President   [Read More...]
Business Tax Planning

Are you ready for the recovery?02 Mar

The professionals at Hill, Barth & King (HbK) have dedicated their lives and careers to guiding individuals and companies through good times and bad.

About Hill Barth & King LLC

For over 60 years, Hill Barth & King’s CPAs and financial advisors have been helping families and businesses work toward and accomplish their personal and business objectives.  In Southwest Florida our professionals have guided our clients in critical regional industries such as construction, real estate, medical and a variety of service related fields for decades.  At HBK, we bring world-class tax, assurance, accounting and other business consulting services to our clients to help them achieve their personal and business planning goals.

Address & Phone

Hill Barth & King LLC
8010 Summerlin Lakes Drive
Fort Myers, FL 33907
Phone: (239) 482-5522
Fax: (239) 482-1573
Click here for email contact form

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