H&CO USA

It's finally time! Make every minute of your weekend count 😊

👩‍💻Is your software holding your back? 🛑 This is your sign to switch it, here’s a new option:

It's time for an upgrade if:

- Your doesn't play well with others (no integrations)
- ? What's that? 🤖
- You're stuck at your desk to manage finances 💻

Ready to streamline your business? Let's talk! 🚀

Read more here: https://www.hco.com/sap-business-one

🏆 Our team did it again! We're proud to announce that H&CO has climbed the 2024 INSIDE Public Accounting rankings, moving from #157 to #137. This achievement is a direct result of the hard work and dedication of our incredible team. Thank you! 🌟

It's Friday! Time to celebrate the good stuff, right? But even Ann Landers knew a little reality check could be a good thing. She once said: "A person doesn't know how much he has to be thankful for until he has to pay taxes on it." Hey, even taxes mean you've got something to be grateful for! Now go out there and enjoy your well-deserved weekend!

We are proud to announce that we have been ranked #8 among Accounting Firms in South Florida by Billings and #14 among Accounting Firms in South Florida by CPAs, as recognized by the South Florida Business Journal.

This prestigious recognition highlights our unwavering commitment to excellence and the exceptional dedication of our team. We are incredibly grateful for the support and trust of our esteemed clients, partners, and the entire H&CO family.

“Our ranking among the top accounting firms in South Florida is a testament to the hard work and dedication of our team, as well as the trust our clients place in us,” said Armando Hernandez MBA, CPA, CEO. “We are honored to receive this recognition and remain committed to providing the highest level of service and expertise to our clients.”

We extend our heartfelt gratitude to everyone who has contributed to this achievement. Thank you for being a part of our journey and for your continued support.

Read more here:
https://lnkd.in/dBEHdPmu

Happy Independence Day! 🇺🇸🎉

Investing in the US real estate market offers Latin American investors a gateway to diversification, capital appreciation, and potential long-term gains. As global economic dynamics shift, understanding the intricacies of this market becomes crucial. This article explores key avenues for Latin investors seeking to participate in the US real estate landscape.

Foreign investors who buy American investment property are liable to pay American taxes on the investment income by the Federal International Real Property Taxation Act (FIRPTA).
This usually requires filing a US tax return or accepting a 30% withholding of rental income. Citizens of countries with income tax treaties in effect with the US may be able to get reduced withholding. With proper business structuring, the burden of FIRPTA can sometimes be avoided or reduced. FIRPTA also requires a 15% withholding of sale profits. Certain US states may have separate obligations.

Owning U.S. real estate can lead to estate tax liabilities upon death. This tax can be substantial, particularly for properties of high value. Exemptions for foreign investors may be available but are typically limited and dependent on existing tax treaties.

Deductible expenses in a real estate investment

Foreign investors in US real estate may access tax advantages akin to domestic investors. Some typical deductible expenses include:
· Mortgage interest
· Property taxes
· Operating expenses
· Depreciation
· Repairs
· Advertising
· Maintenance
· Insurance
· Association expenses
· Utilities
· Legal services
· Employees or contractors.

Remember, navigating the US tax system requires careful consideration. Consulting our tax professionals experienced in the tax rules for foreign investors is essential to ensure you remain compliant and maximize the potential of your real estate investment in the United States.

Don't miss the chance to learn all about investing in US Real Estate in our next FREE WEBINAR coming tomorrow, June 27 at 10:00 AM Miami. Save your place here! 👉 https://register.gotowebinar.com/register/1244955465648395606

You'll receive practical tips and have the opportunity to ask questions. Register now and secure your spot!

📣 We are thrilled to announce our new teammates!

Maria Duran | Operations Intern
Juan Moros | Tax Associate
Maria Lopez | Intern
Fernando Molina | Engagement Manager

Welcome, all!

May this day remind us to celebrate freedom and inspire us to continue the fight for racial equality.

💰 Optimize your real estate investments in the U.S.! Join our free webinar to discover top for reducing your tax burden. Learn about for foreign investors, , recommended investment structures, and deductible expenses.

You'll also receive practical tips and have the opportunity to ask questions. Register now and secure your spot!

🎤 Presented by Dayana Alarcón and Vanessa Rivero, Client Relationship Directors.

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Have a beautiful and happy Father's Day this Sunday!

Attention U.S. Taxpayers Abroad: 🌍🇺🇸 June 17th Filing Deadline!

Get our 2024 deadline calendar! (Link in BIO)
https://hubs.ly/Q02BCb4H0

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🌎 Owning in a ? Plan for a smooth future. Minimize headaches for your heirs! This ➡️https://hubs.ly/Q02Brx8r0 explores key for international , like joint & .

**Ensure your legacy is protected. 📜 🖋 **

We are your trusted , let's talk!

Remembering our heroes.

Thrilled to have been part of STEP advising Families Across Generations in Colombia 2024. We guide families through planning for their future investments in the United States. Grateful for the opportunity to connect and learn from fellow practitioners.

🎉 Big News! H&CO Ranks 13th in Vault Accounting 25!

We secured the 13th spot in the 25, and ranked 2nd in key categories like Benefits, Client Interaction, and Culture. This recognition highlights our dedication to excellence and client satisfaction. Thank you to our amazing team and clients! 🏆

-Firsthand

🎉📆 Tax season is officially a wrap! 🎉✨ Last week, we bid farewell to the endless forms and calculations with a sizzle of celebration at COYO Taco! 🌮🥳 Check out these snapshots capturing the relief and joy as we toasted to another successful tax season coming to a close. Cheers to our hard work and a well-deserved fiesta! 🎉💼


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🎉 We are thrilled and immensely proud to share some truly remarkable news with all of you! Our very own CEO, Armando Hernandez, has been selected among America's Top 200 CPAs in the USA—an extraordinary recognition of his exceptional talent, dedication, and expertise in the field. 🌟

This prestigious acknowledgment is a testament to Armando's outstanding , unparalleled commitment to excellence, and unwavering passion for advancing our industry. His visionary guidance and strategic insights have been instrumental in steering our company toward success, and this accolade is a well-deserved reflection of his remarkable contributions. 🏆

Armando's relentless pursuit of excellence and unwavering commitment to professionalism set a shining example for all of us to follow. 🌟We are incredibly fortunate to have him at the helm, guiding us towards a future filled with endless possibilities.

Let’s celebrate this incredible milestone together! 🎉

Master the Art of Cash Flow : Vital Insights for Success

Delve into the core of business vitality with our comprehensive blog on Cash Flow Management. Understand the intricate process of tracking, analyzing, and controlling your financial transactions to secure the lifeline of your enterprise. Learn indispensable strategies to ensure consistent cash flow, enabling smooth operations and sustainable growth. Gain invaluable insights into types of cash flow and expert tips for maintaining financial health. Elevate your business acumen and thrive in today's competitive landscape.

Read more:
https://hubs.ly/Q02qYxBr0

Cash Flow Management Explained: The Lifeblood of Your Business Discover the importance of tracking, analyzing, and controlling your financial transactions to ensure your business's success. Find out more here!

🕰️ to the timeless tales of St. Patrick! ☘️

🌍 Unraveling Form 3520: Navigating Foreign Trusts and Gifts 🎁

Are you a U.S. citizen or resident, or perhaps overseeing the estate of a deceased American individual? If so, understanding the ins and outs of Form 3520 is crucial when it comes to reporting transactions involving foreign trusts and substantial gifts. Here’s a brief guide to help you stay compliant and avoid penalties:

Form 3520 Basics:
Form 3520 is the go-to document for disclosing transactions with foreign trusts and the receipt of significant gifts from foreign entities. Whether it’s owning foreign trusts or receiving generous bequests, Form 3520 ensures transparency, following the regulations laid out in the Internal Revenue Code.

Deadlines and Extensions:
Remember, each foreign trust transaction necessitates a separate Form 3520. Typically, it's due by the 15th day of the 4th month after your tax year concludes. If you've been granted an extension for your income tax return, ensure Form 3520 is filed by the 15th day of the 10th month after your tax year ends.

Form 3520 vs. 3520-A:
Form 3520 handles income from foreign trusts and foreign inheritances, acting as an informational return with no payment requirement. Conversely, Form 3520-A is for those overseeing foreign grantor trusts with U.S. beneficiaries, though it's less commonly required.

Who Needs to File?
If you've engaged in various transactions involving foreign trusts or received substantial gifts from foreign sources, you likely need to file Form 3520. This includes situations like property exchanges, distributions from foreign trusts, or receiving significant amounts from nonresident aliens or foreign entities.

Penalties for Non-Compliance:
Failing to file Form 3520 on time or providing incomplete/incorrect information can result in penalties. Initial penalties could be $10,000 or a percentage of the gross value of transactions, depending on the violation.

In essence, understanding and adhering to Form 3520 requirements is vital for U.S. taxpayers dealing with foreign and . For complex cases, seeking professional assistance can ensure accuracy and compliance, saving you from potential penalties down the road. Stay informed and stay compliant! 📝💼

Learn more here:
https://hubs.ly/Q02qYzBc0

Reporting Foreign Trusts and Gifts: what is Form 3520 Understand who needs to file the form and the penalties for non-compliance. Seek professional assistance for a smooth and accurate process.

Discover the World of International Planning!

Navigate the intricate world of international with our comprehensive guide. Whether you're a or an , understanding laws and implementing effective strategies is crucial for optimizing financial outcomes. Our guide covers:

What is international tax planning?
Tax laws & consequences of investing across borders.
Strategies for foreign individuals and families moving to the US.
Investing or doing business in the US as a foreign entity.
US citizens doing business or investing abroad.
Tax considerations for US citizens living abroad.
Foreign investment in US .
Plus, learn about the role of international tax professionals and explore frequently asked questions to enhance your knowledge.

To learn more visit:
https://hubs.ly/Q02qWYsV0

International Tax Planning Strategies Explore international tax planning strategies for individuals and businesses operating globally. Learn how to optimize tax efficiency, and comply with tax laws.

🗓️ Don't Forget Tax Day - April 15, 2024!

Ensure you're prepared for season with these important dates:

April 15, 2024: Tax Day (unless extended)
Submit Form 4868 by this date for an extension.
Last chance to contribute to IRA and HSA for 2023.
First quarter 2024 estimated tax payment due.

For :

March 15, 2024: Partnership and S-Corp tax deadline.
April 15, 2024: C-Corp tax deadline.
Extensions are available for both.
Mark your calendars to avoid penalties and keep your finances in order!

Read more: https://hubs.ly/Q02p8mVg0

Checklist for tax deadlines 2024: what you should keep in mind From filing your tax return to making estimated tax payments, this blog post provides a comprehensive checklist to help you meet your tax obligations.

This month, we had the opportunity to meet the talented students at Beta Alpha Psi - FIU. Also, had an amazing time at the Florida International University . It was an incredible experience connecting with so many future accounting professionals!

📣 Meet our intern's part 2.

Fabiola Linck | Intern
Natalia Ortegon Lopez | Intern
Anna Nguyen | Intern

Welcome all!

🔍 Discover the keys to successful hiring beyond conventional strategies and learn how to forge meaningful connections with candidates. Read our Lead Talent Acquisition Specialist, Camila Arcila, latest blog post now!

https://hubs.ly/Q02qh45-0

Navigating Hiring Processes in Employee Recruitment Learn how to create effective hiring processes, from defining job roles to making informed decisions based on data for your company.

🎳 This month we sponsored a lane to the Big BOWL-OFF! We had an epic networking and team-building experience. Let the good times roll! 🎉

🔙 Throwback to our unforgettable day at the Red Door Classic! ⛳️ Swinging for charity and sharing beautiful moments! 🏌️‍♂️✨

🍀🎩 Happy Saint Patrick's Day! 🌈💰

Feeling lucky? Don't rely on luck when it comes to taxes! 🍀💼
This Saint Patrick's Day let's turn luck into smart financial decisions. Whether you're a pot of gold at the end of the rainbow or just navigating your way through tax season, remember that being financially savvy is the real treasure. 💡💸

Here's to finding your fiscal four-leaf clover! 🍀💰