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Stewart Appelrouth & Carlos Farah Receive 2011 Key Partners Award
Stewart L. Appelrouth and Carlos Farah received the 2011 Key Partners Award from the South Florida Business Journal. Mr. Appelrouth and Mr. Farah were two of 20 South Florida accountants selected as a Key Partners. The Key Partners Awards recognizes South Florida’s top attorneys and accountants, based on demonstrated success over the past year to [...]
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Appelrouth Farah & Co. Selected to Business Leader Magazine’s Top 300 Small Businesses
Appelrouth Farah & Co. was recently selected for inclusion in Business Leader Magazine’s Top 300 Small Businesses (Southern Region). The firm was number 24 in South Florida and number 132 overall. Since 1989, Business Leader Media has focused on providing regional business profiles, business news, leader profiles, and best practices to C-level executives and business [...]
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Firm Presents Social Media Seminar at 2011 World Trade Center Miami Conference
Appelrouth Farah & Co. was a featured presenter at the World Trade Center Miami 2011 World Trade Week conference. The World Trade Center Miami, Florida’s oldest international organization, fosters and enhances international business opportunities for its member companies. Stewart Appelrouth, Josh Rader and Brian Torres presented the latest tips, tactics and industry trends for social [...]
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Appelrouth Farah & Co. Named in the South Florida Business Journal’s Best Places to Work for 2011
We are pleased to announce that for the second consecutive year, Appelrouth Farah & Co. was named in the South Florida Business Journal’s Best Places to Work list for 2011. Congratulations to all of the partners and staff who helped the Firm make the list.
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Stewart L. Appelrouth Selected to the Council on Litigation Management
Stewart L. Appelrouth, Partner and Co-founder of Appelrouth Farah & Co., was recently selected to the Council on Litigation Management. Founded in 2007, the Council is a nonpartisan alliance committed to furthering the highest standards of litigation management. The Council sponsors educational programs, provides resources, fosters communications, and recognizes lawyers who meet high standards.
Edward S. Sachs Appointed to Florida Bar Grievance Committee
Edward S. Sachs, partner with Appelrouth Farah & Co., was recently appointed to the Florida Bar Grievance Committee. The Florida Bar’s Grievance Committees are made up of volunteer members, at least one-third of whom are not lawyers. Each of Florida’s 20 judicial circuits has at least one such committee. The grievance committee reviews complaints with [...]
Appelrouth Becomes Trustee Members of the Greater Miami Chamber
Appelrouth Farah & Co. will be inducted as Trustee members of the Greater Miami Chamber of Commerce at the Trustee luncheon on February 1, 2011. This firm and its staff are looking forward to participating and supporting various Chamber initiatives. As Trustee members, the firm will enhance its robust network of business contacts in South [...]
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Tax breaks are available for work-related education
What have you learned today? No matter what type of work you do, there’s always something new to learn — and when your education is related to your current job, you may be eligible for tax breaks in addition to the satisfaction of increasing your knowledge. Here are examples of work-related education tax benefits. Employer-provided [...]
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New estate tax rules bring additional filing requirements
November 28, 2011 The latest updates to the estate tax rules that took effect in January introduced a new form and a new filing requirement. The new form is “Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent.” If you’re the executor of an estate opened in 2010, you’ll file Form [...]
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Circular 230 Covers Ethical Standards
November 21, 2011 Are you ready to increase your tax vocabulary? In addition to familiar terms like Section 179 and 401(k), another tax-related phrase to know is Circular 230. Not familiar with Circular 230? It’s the IRS publication that spells out ethical standards for professional tax preparers. For instance, among other responsibilities, a preparer you [...]
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Some income isn’t subject to payroll taxes
Some income isn’t subject to payroll taxes You’ve probably heard that the IRS has undertaken a new initiative to make sure workers are properly classified as either independent contractors or employees. At issue is the collection of payroll taxes, including FICA taxes (social security and Medicare), which are generally required to be withheld from wages [...]
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What’s new with the health insurance deduction?
Tax Tip of the Week October 31, 2011 When you’re self-employed, you can’t afford to overlook your health — or your health insurance tax deduction. The deduction is available for sole proprietors, partners, and greater-than-2%-shareholders in S corporations. You report the deduction on page one of your individual income tax return, and you can claim [...]
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Have you changed your mind about your Roth conversion?
It turns out you can go back after all — at least when it comes to last year’s decision to convert your traditional IRA to a Roth. The question is, do you want to? You might, if your circumstances have changed. For example, say the value of the assets in your new Roth account is [...]
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Review the SIMPLE plan contribution rules
September 12, 2011 Reductions in business income may have you contemplating how you can cut back on expenses. If one area you’re eyeing is the contributions your business makes to your SIMPLE IRA plan, remember your plan must follow the rules in order to keep the tax benefits for both your business and your employees. [...]
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Take a Refresher Course on 529 Plans
Are you planning to tap into your Section 529 college savings plan for education expenses this fall? Before you do, you may want to take a quick refresher course on the tax consequences of withdrawals. Qualified distributions of contributions and plan earnings are tax-free, as long as you use withdrawn amounts to pay qualified higher [...]
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Casualties, disasters, thefts… and taxes
Tax relief for casualty losses has been part of the Internal Revenue Code since the beginning. Though updated and revised over the years, the general rule endures: When you suffer a sudden, unexpected loss, you may be eligible for a deduction that can reduce your current tax, or in some instances, your prior-year liability. Here [...]
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Add to your retirement plan vocabulary
Tax Tip of the Week August 8, 2011 The definition of retirement may be in flux, but the vocabulary describing your retirement plans remains the same. Here are three common terms. Catch-up contributions. When you’re age 50 or older, you can choose to make additional contributions to your retirement plans above the usual annual limits. [...]
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Take a Refresher Course on 529 Plans
Are you planning to tap into your Section 529 college savings plan for education expenses this fall? Before you do, you may want to take a quick refresher course on the tax consequences of withdrawals. Qualified distributions of contributions and plan earnings are tax-free, as long as you use withdrawn amounts to pay qualified higher [...]
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The Preparation of a Preliminary Financial Affidavit
Check out the article written by Edward S. Sachs, CPA/ABV CFF CrFA, and Patricia L. Young, CFE, FRP, featured in the Spring 2011 Edition of The Florida Bar Family Law Section’s Commentator newsletter. A financial affidavit is required within 45 days of service of the petition, therefore it is usually the attorney or their associate [...]
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IRS announces settlement offer for those that voluntarily disclose unreported offshore income
by Steven M. Appel In a March 26 statement on offshore income, IRS Commissioner Doug Shulman announced what amounts to settlement terms for taxpayers who voluntarily and timely disclose unreported offshore income. Taxpayers who come in voluntarily will get what the Commissioner called a “fair settlement”. The settlement terms include the requirement to pay back-taxes [...]
