Gerson, Preston, Klein, Lips, Eisenberg & Gelber, P.A.’s Post

Education, the cornerstone of empowerment, shines during October's Economic Education Month, a time dedicated to highlighting the significance of financial education and awareness. In honor of this annual observance, we would like to highlight Stuart Rohatiner, CPA/JD. His steadfast dedication to promoting financial literacy is in perfect harmony with this month’s theme. Throughout the year, he devotes his time to conducting workshops for students, equipping them with essential financial knowledge that empowers them to make informed choices, safeguard their financial futures, and pursue their aspirations. #EconomicEducationMonth #FinancialLiteracy

What are the duties of an executor?: A key decision you must make when drafting your estate plan is who to appoint as the executor. In a nutshell, an executor (called a “personal representative” in some states) is the person who will carry out your wishes after your death. Let's take a look at the specific duties and how to choose the right person for the job. Overview of duties Typically, your executor shepherds your will through... https://bit.ly/407xe6d

We're officially at the end of the tax deadline, and we couldn't be more proud of our team's dedication to our clients. Your hard work and client-focused approach is the backbone of our success! #GersonPreston #TaxSeason #TaxDeadline #Accounting

Is your home office a tax haven? Here are the rules for deductions: Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. The numbers are even higher in certain occupational groups. About one in three people in management, professional and related occupations works from home. Your status matters If you work from a home office, you probably want to know: Can I get a... https://bit.ly/4dL8uE0

Ease the financial pain of natural disasters with tax relief: Hurricane Milton has caused catastrophic damage to many parts of Florida. Less than two weeks earlier, Hurricane Helene victimized millions of people in multiple states across the southeastern portion of the country. The two devastating storms are among the many weather-related disasters this year. Indeed, natural disasters have led to significant losses for many taxpayers, from hurricanes, tornadoes and other severe storms to the wildfires again raging in the West. If... https://bit.ly/4eFFbE7

Help ensure your partnership or LLC complies with tax law: When drafting partnership and LLC operating agreements, various tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are some critical issues to include in your agreement so your business remains in compliance with federal tax law. Identify and describe guaranteed payments to partners For income tax purposes, a guaranteed payment is one made by a partnership that's: 1) to... https://bit.ly/4eG9x9t

Our team recently attended the University of Miami Accounting Career Fair, where we had the pleasure of connecting with the next generation of tax and audit professionals. As we continue to grow, we're looking for talented individuals to join our award-winning accounting firm. If you're interested in launching your career with us, please reach out at careers@gpkleg.com or visit: https://lnkd.in/eyxbWpHg #HiringNow #AccountingCareers #MiamiJobs #BocaRatonJobs #JoinOurTeam #AccountingOpportunities #MiamiAccounting #BocaRatonHiring #FinanceCareers #CareerInAccounting #SouthFloridaJobs #AccountingProfessionals

A real-life example of why a holographic will isn't enough: Legendary singer Aretha Franklin died more than six years ago. However, it wasn't until last year that a Michigan judge ruled a handwritten document discovered under her couch cushions was a valid will. This case illustrates the dangers of a so-called “holographic” will. It's one where the entire document is handwritten and signed without the presence of a lawyer or witnesses. Facts of the case Initially, Franklin's family thought she... https://bit.ly/4ewA5tQ

Ease the financial pain of natural disasters with tax relief: Hurricane Helene has affected millions of people in multiple states across the southeastern portion of the country. It's just one of many weather-related disasters this year. Indeed, natural disasters have led to significant losses for many taxpayers, from hurricanes, tornadoes and other severe storms to the wildfires again raging in the West. If your family or business has been affected by a natural disaster, you may qualify for a casualty loss... https://bit.ly/4eWGpui

To ensure the safety of our staff, our offices will be closed on Wednesday, October 9th, and Thursday, October 10th. Our team will be working remotely and can be reached during regular business hours. Our thoughts are with our fellow Floridians, and everyone who might be impacted by #HurricaneMilton. Together, let’s look out for one another and stay safe during this storm.