Attorneys and Accountants Give Clients Key Advice in the Midst of Cliff Issues
South Florida professionals are busy advising clients on the impact of the deal to avoid the fiscal cliff. Many law, accounting and financial-planning firms sent out newsletters, client alerts or LinkedIn updates about what happened. For business owners, there were several beneficial changes in tax law that should make long-term decisions on business structure and estate planning a little easier than it was last year.
"Not knowing what was going to happen to dividend income, for example, it was harder to plan for what would be best structure for a business," said Chair of the Tax Team Bill Sherman.