Meet Our Newest Tax Associate

Karen Castillo joined the St. Petersburg office of FRSCPA, PLLC as a Tax Associate in August of 2016.  Originally from Colombia, Karen is bilingual and able to assist our Spanish speaking clients.  She holds degrees in Accounting, Finance, and Business Administration from Pace University – Pleasantville, New York, and is currently a candidate to become…

Year End Letter

Dear Client: With a New Year, come changes in the tax law. Listed below are a few items that we would like to make you aware of for 2017. Please read each item carefully and let us know if you have any questions. Social Security/Medicare Tax Limits and Rates For 2017, the wage base for…

Florida Sales Surtax Rates Updated for 2017

The Florida Department of Revenue has provided an updated list of local discretionary sales surtax rates for the 2017 calendar year. For 2017, the following counties have changes to their surtax rates: County Surtax rate change Explanation Alachua County 0.5% Includes a new 0.5% infrastructure surtax that begins January 1, 2017 and expires December 31,…

Health Reimbursement Arrangements

On December 13, President Obama signed into law the “21st Century Cures Act.”  In addition to providing a medical innovation package that funds medical research, accelerates cutting-edge treatments for rare diseases, and makes significant reforms to the mental health system, the Act also allows small employers to provide Health Reimbursement Arrangements (HRAs) to their employees…

Affordable Care Act Update

Small businesses are applauding legislation passed by the House and Senate and signed into law by the President that eliminates a tax penalty on employers who reimburse employees for the cost of health insurance premiums. Even though the tax was not part of the ACA, the IRS had initiated enforcement of the penalty on employers…