Entries by Templeton Company

Templeton & Company Receives Peer Review PASS Rating

West Palm Beach, Fla. – December 14, 2016 – Templeton & Company, LLP has successfully completed a rigorous peer review of its accounting and auditing practice. The reviewer concluded the firm complies with the stringent quality control standards set by the American Institute of Certified Public Accountants (AICPA), the national organization for Certified Public Accountants […]

Florida Expands the Authority of the Department to Estimate Unclaimed Property and Changes Domicile of an Unincorporated Business

Summary On March 24, 2016, Florida Governor Rick Scott (R) signed into law H.B. 783, which authorizes the Department of Financial Services to estimate unclaimed property where a holder fails to provide requested documents, changes the definition of domicile to mean the state of organization in the case of an unincorporated business association, and specifically […]

Issuance of Proposed Regulations Impacting Valuation of Family Controlled Businesses for Estate, Gift and Generation Skipping Tax Purposes

Summary Gift, estate and generation skipping taxes are imposed on the value of property transferred.  Proposed regulations regarding estate planning and valuation discounts were released on August 2, 2016, and if they become final, would significantly impact the availability of minority or lack of control discounts for transfers of family controlled business interests among family […]