Several of our business clients in Florida have been the target of a recent scam and we felt that it was important to notify you of this potential threat.  Our clients received a very official looking letter from “Compliance Services” requesting an “Annual Minutes Requirement Statement”.  The form is populated with corporation information that is very accurate and states that a $125.00 fee must be sent as well.  The Division of Corporations has confirmed that it is a scam and   [Read More...]

The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business, paid for with various revenue raisers. Here's a brief overview of the tax changes in the new law.

The Senate passed the 2009 Small Business Jobs Act on 9/16/10 and the legislation now goes to the House for consideration.

With the expected increase in tax on dividends, we suggest that you consider distributing your E&P in 2010. There are many relevant considerations when deciding to distribute E&P.

Whether a taxpayer may “write-down” year-end inventory depends upon 1) the inventory method chosen and, 2) the type of inventory involved.

the new law that provides tax incentives for businesses hiring new workers

A Business Valuation is a unique and significant undertaking, and the initial communications between client, advisor(s) and the business valuator are critical to getting the valuation process started in an efficient manner. Clearly Define the Objectives and Scope of a Fair Market Value (FMV) Appraisal: The reason for the valuation, intended use, and intended users. A description of the business, intangible asset or ownership interest(s) to be appraised. The level of FMV: control or lack of control. Determine the Valuation   [Read More...]

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...]

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