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Alabama Tax Amnesty Program Available

The Alabama Department of Revenue is offering tax amnesty for taxpayers that apply between June 30 and August 30, 2016. Eligible taxpayers can voluntarily come forward during this period and apply for tax amnesty for various delinquent taxes including sales tax, as well as corporate and individual income tax. […]

Private Equity and R&D Tax Credits

If any of your companies has tried or is trying to develop a new or improved product, manufacturing process or software, it’s likely to be eligible to claim R&D tax credits, whether or not the attempt was successful. Equal to up to 15 percent of qualified spending, these dollar-for-dollar […]

John Shurley Quoted in IndustryWeek Article: “Is an ESOP Right for Your Company?”

In an article published by IndustryWeek on Jan. 28, 2016, John Shurley provides guidance to companies deciding whether Employee Stock Ownership Plans (ESOPs) are right for their businesses. ESOPs tend to work best at larger companies with more than 25 long-term and reliable employees. “Manufacturing companies, with their steady-as-she-goes […]

Section 199 Temporary and Proposed Regulations Issued

On Aug. 27, 2015, the Federal Register published IRS temporary regulations (T.D. 9731) related to how to calculate Section 199’s W-2 wage limitation for short taxable years, and proposed regulations (REG-136459-09) related to qualified oil related activities, qualified film rules, Puerto Rico gross receipts, the term “manufactured, produced, grown […]

CNBC Names Warren Averett Asset Management A Top 25 Fee-Only Wealth Management Firm

Warren Averett Asset Management, LLC is ranked as one of the Top 25 Fee-Only Wealth Management Firms in the country, according to CNBC’s inaugural list. The CNBC Digital team recognized Warren Averett Asset Management as the 24th firm among the Top 100 Fee-Only Firms in the nation. CNBC.com is the […]

When Natural Disasters Hit – Potential Tax Deductions Available

While we never want to see a natural disaster affect an area, when a natural disaster does affect you, it is important to be aware of potential tax deductions for your losses.
Deductions for Storm Damage
Taxpayers who have sustained a casualty loss during the recent storms in our area may […]

Important December 31, 2013 Deadline: Tax and Accounting Policy for Expensing Property and Supplies

The IRS has recently released new income tax regulations with regard to the acquisition or production of tangible property, such as furniture, equipment, etc., as well as materials and supplies. The regulations take effect January 1, 2014. One of the main changes is a de minimis safe harbor that will allow electing taxpayers to claim […]

Delay in Small Business Health Options Program

In yet another delay associated with the Affordable Care Act, the US Department of Health and Human Services (HHS) has pushed back the online enrollment process for the federally facilitated Small Business Health Options Program (SHOP) Marketplace. The online process will not be available until enrollment for plan years […]

Timeline of 2013-2018: Tax Changes in Health Care Reform Legislation

While Healthcare Reform continues to change, it’s important to remain up to date with how those changes may affect your business.

Although Congress passed health care reform in 2010, many of its most sweeping provisions have delayed effective dates. 2014 is a critical year for individuals and businesses. The enclosed […]

LEA Global Names Warren Averett Innovative Firm of the Year

Warren Averett, LLC, Certified Public Accountants and Advisors, has been named LEA Global’s 2013 Innovative Firm of the Year. This award was announced at the annual conference of LEA Global in San Francisco. “One LEA firm stood out as the most innovative firm of the year, not just for […]