ESTABLISHING FLORIDA DOMICILE FOR INCOME AND ESTATE TAX PLANNING—NOT SO SIMPLE

Norton Hammersley Business & Corporate Law, Firm News

Changes to the federal income tax law that limit deductions on state and local taxes have fueled a mini real estate boom in Florida, particularly for higher-end properties. Florida is attractive to residents from higher tax locales because it is one of only seven states that have no income tax, and it also has no estate or inheritance taxes. However, …

How to get the best out of your new Startup

Norton Hammersley Business & Corporate Law

You’ll have plenty to worry about while you’re getting your startup business off the ground, so you probably won’t be able to spend years learning the ins and outs of every federal, state, and local law that applies to your business. With that in mind, we put together this list of the 10 crucial legal checkpoints for any startup. You’ll …

Overview of Provisions Affecting Individuals

Norton Hammersley Business & Corporate Law, Firm News

The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on individuals. Unless otherwise noted, the changes are effective for tax years beginning in 2018 through 2025. Tax rates. The new law imposes a new tax rate structure …