News and Events
Gina Hill – 2012 Women in Business Entrepeneur of the Year
April 9th, 2012
Congratulations to one of our very own, Gina Hill!
We are proud to announce that one of our very own clients received the Entrepeneur of the Year Award at the annual Women in Business Awards held at the Sawgrass Marriott on April 2, 2012. Gina Hill is the President and owner of G.M. Hill Engineering, Inc. headquartered in Jacksonville, Florida. G.M. Hill Engineering is one of the top structural engineering firms in Northeast Florida.
Planning Opportunity Ends in 2012!
March 8th, 2012
PLANNING OPPORTUNITY ENDS IN 2012!
By: Jeffrey A. Cramer, Esq.
No, I am not talking about the Mayan calendar-end of the world hysteria! Instead, I am referring to the end of the “Tax Relief Unemployment Insurance Reauthorization Job Creation Act”, which dies on December 31, 2012. That law provides unprecedented gift tax, estate tax, and generation-skipping transfer tax exemption amounts of $5,000,000 per person. (Indexed for inflation so that it is $5,120,000 this year.) If Congress fails to act to extend this law, then these $5,000,000 exemption amounts will all be reduced to $1,000,000 by automatic operation of law on January 1, 2013. Will Congress act? Who knows?
We do now know President Obama’s proposed law to modify estate and gift tax provisions. He is proposing that the gift tax exemption be returned to a maximum amount of $1,000,000 and that the estate and GSTT be reduced to $3,500,000 and that the top tax rate on those estates be increased from 35% to 45%. Considering all available information, as a careful planner, I believe that this unique window of opportunity for gifting likely will close on December 31, 2012.
One of the reasons this gifting opportunity is so important is that by gifting assets now, you not only remove their present value from your estate, but you also remove all future appreciation of those assets. By removing appreciating assets from your estate now, the impact of that gift can be doubled, tripled or more over time. This is why I am encouraging anyone who may potentially benefit from this unique planning opportunity to run, don’t walk, to an estate planning attorney so that he or she, along with your tax professional, can help you capture this (probably) once-in-a-lifetime tax break.
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Jeffrey A. Cramer is the founding attorney at Cramer Law Center, P.L. where he practices in the areas of estate planning, probate, guardianship, and elder law. For more information, see www.cramerlawcenter.com.
Small Business Super Makeover – Jacksonville Edition
February 22nd, 2012Jacksonville Businesses and the Jacksonville Women’s Business Center Join Forces to Award a Deserving Small Business with a Makeover Worth $8,000
Fourteen local businesses launch the Small Business Super Makeover Facebook Video Contest
February 13, 2012, Jacksonville, FL—In tough economic times, local businesses will come together to assist a deserving small business and reenergize their company. Businesses of all types will donate their services to the winner of the Small Business Super Makeover Contest in an effort to reach out to a fellow entrepreneur and improve our community.
On Monday, February 13, 2012 a Facebook contest page will go live where small business owners can post a short video highlighting their company. At the end of the submission period, the three videos with the most votes will become Finalists and be eligible to win the makeover package valued at over $8,000. The Finalists will receive site visits for judging by the advisory panel and the winner will be announced in April.
Additionally, one business that is at least 50% woman owned will receive a scholarship into the Jacksonville Women’s Business Center Marketing Matters and Financial Matters workshops. This scholarship is valued at over $750. A runner up will also receive a gift certificate from the Entrepreneurial Growth Division of the JAX Chamber for a four-part workshop series valued at $99.
Grand prize package contributors are: SpeedPro Imaging, Your Etiquette Style/Carolle Vargas, Access Jax, WebsiteKnowHow.com, Del Mar Designs/Helena Stern, Buttner Hammock and Co CPA, Marque by Design, The Morgan Company Promotional Advertising, Aloha Couriers, Mind Jar Media, Dagher Printing, Yau Law, Tropic Heating and Air, and Healing Hands Massage.
Small business owners located in the Jacksonville area (Baker, Clay, Duval, Nassau, Putnam and St. Johns Counties) are invited to upload their video submission to the contest page at http://www.Facebook.com/SmallBusinessSuperMakeover from February 13 until March 16, 2012. The general public is encouraged to vote for their favorite business March 17 to March 31, 2012.
The Small Business Super Makeover Contest was created by the Owner of Marque by Design, Inc. a marketing and graphic design firm located in Atlantic Beach, FL. “As a company that works with small business owners, I recognized the need for our community to come together and help a fellow entrepreneur get their business back on track. Sometimes it just takes some new ideas and a fresh perspective to turn things around. We hope that this contest will do that for someone.” explained Jen DeVore.
Watch the commercial for the SBSM below!
Small Business Super Makeover
Buttner Hammock & Company Presents at Oncology Managers of Florida Fall Conference
September 27th, 2011Listen to our WOKV Radio Spot
March 14th, 2011Have you heard our Tax Season radio spot on WOKV while driving to and from work? Let us know! We’d love to hear what you think!
(Business Owner Testimony)
(Individual Testimony)
Comments: (904) 394-8140 or laura@bhcjax.com
BHC Accounting Firm Hosts Open House for New Office in St. Augustine, FL
March 11th, 2011
Open House
February 22nd, 2011
BHC in St.Augustine Record
February 16th, 2011
Buttner Hammock and Company mentioned in an article in the St. Augustine Record. Click here to view the article.
The committee wants the $2.4 million in recovered cash invested into a new subprime auto loan company that, though potentially risky, could earned an estimated $10 million over eight years — roughly two or three times what liquidation would bring.
Edward W. Buttner IV, a CPA at Buttner Hammock & Co., Jacksonville, created a business model for that new company and predicted it could open for business April 1, 2011, and be sold or liquidated March 31, 2019.
“The money earned (by the new company) will be banked for five years to allow the company to grow,” Buttner said. “After 2016, it could return $500,000 per quarter until 2017, then return $750,000 per quarter until 2018.”
The creditors believe the reorganized company, which both sides call “NewCo” as a kind of shorthand, can provide three to five times more than liquidation.
“It will be a well-run, with a thoroughly vetted and competent operator,” he said. “My model is conservative.”
Welcome Mark Megler Clients
October 31st, 2010We are pleased to announce Buttner Hammock & Company, PA, has acquired the public accounting practice of Mark Megler, CPA.
BHC is a locally established accounting and auditing firm with over 25 years of experience as CPAs serving the greater Jacksonville area. We have been looking for a presence in Northwest St. Johns County for some time and feel honored that Mark selected our firm to succeed him.
Although our main office is in the Southpoint area of Jacksonville we have a satellite office just a few doors from Mark’s office at 157 Hampton Point Drive, Suite 3A, St. Augustine, FL 32092. You may continue to call Mark’s old phone number which is (904) 230-4504. This number has been redirected to BHC.
Here are a few facts you might be interested in:
- Many of our BHC staffers are your neighbors who live in Northwest St. Johns County.
- We intend to provide high quality services and anticipate no fee increases.
- Our specialty is providing quality services to individuals and small to medium sized family owned businesses.
- From individual, corporate and partnership tax services, bookkeeping and consulting we have you covered.
