Insights

The Internal Revenue Code prescribes minimum imputed interest rates and time-value-of-money factors applicable to certain loan transactions and estate planning techniques. These rates are tied formulaically to market interest rates. The Internal Revenue Service updates these rates monthly. These are commonly applicable rates in effect for November 2016: Short Term AFR…

On January 1, 2017, Florida’s minimum wage will increase from $8.05 an hour to $8.10 an hour. Even though many employers are currently focused on getting ready for the December 1, 2016, increase in the minimum salary requirement for most white-collar exemptions, they should not overlook the increase in the…