Tax Policies South Florida Businesses Should Pay Attention To Ahead Of 2024 Election

Given Florida’s unique tax landscape, it’s essential for local businesses to grasp how federal-level changes can impact them. In fact, almost half of the tax leaders surveyed (44%) in BDO’s 2024 Tax Strategist Survey believe the election outcome will pose significant challenges to their business.

Money Moves To Make Before The Fed Starts Cutting Interest Rates

Traders expect a rate cut in September, which could lower the target range for the federal funds rate by a quarter percentage point or more. Meanwhile, many investors are sitting on hefty cash allocations, including trillions in money market funds, which are generally still paying above 5%. So now could be a good time to shift cash, experts say.

IRS Warns On Social Media Tax Credit Scam

In a just issued consumer alert, the IRS said bad advice is circulating on social media regarding an non-existent self-employment tax credit that is misleading taxpayers into filing false claims. In reality, the underlying credit being referred to on social media is a much more limited and technical tax credit for sick leave and family leave.

Here’s How To Evaluate Homeowners Insurance Coverage Amid Hurricane Season

Homeowners looking to protect their homes during hurricane season should take extra steps to ensure their policies cover the total cost of the home. Many homeowners found themselves without adequate coverage over the last few years after being hit by natural disasters like hurricanes and floods.

A Tax Planning Roadmap For Four Life Events

While taxes may not be on your mind while experiencing big life events such as marriage, buying a house, having children, and divorce, all four can impact tax planning by changing income, tax filing status and eligibility for various tax breaks.