The Supreme Court of the United States has held that tax implications of a transaction are governed by the underlying substance of such a transaction, rather than its formal structure. In other words, the substance, not necessarily the form, controls how a transaction is treated for tax purposes. To determine…
Each August, the county property appraiser mails homeowners their TRIM notice. “TRIM” stands for Truth in Millage, and the notice lists your property’s assessed value, any exemptions applied or removed, and the proposed tax rates used to calculate your property taxes for the coming year. Because this document directly affects…
The Creation of the AI Arbitrator Construction contract disputes often proceed in arbitration rather than litigation. Frequently, the arbitrator of choice in such contract disputes is the American Arbitration Association (AAA), which handles thousands of construction arbitration matters on an annual basis. Bridget McCormack, President and CEO describes the AAA…
Mergers and acquisitions, often referred to as “M&A,” are transactions in which companies combine, buy, or sell businesses or business assets. These transactions are a common way for companies to grow, enter new markets, acquire talent or technology, or achieve operational efficiencies. A merger typically occurs when two companies of…
As budgets for 2026 are finalized and/or implemented, businesses should keep in mind the minimum wage increase that goes into effect on September 30, 2026. Minimum wage considerations: As of September 30, 2025, Florida’s minimum wage is set at $14.00 per hour. This minimum wage will increase again on September…