Blog Posts

, Blog, Sarasota Tax Preparation & Sarasota Accounting

COVID-19 Relief Law Turbocharges Employee Retention Credit

Before the December 27, 2020, enactment of the new COVID-19 relief law, you may have chosen the PPP loan and given no thought to the employee retention credit. Remember, under the original law, you had to choose between the retention credit and...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

What are KPIs and Why You Should Track Them?

Tags: Sarasota Outsourced Bookkeeping Services, Sarasota Business Forecast, Sarasota Virtual Accounting Services, Sarasota Outsourced CFO, Sarasota Tax Problems Measuring business performance is essential to business success. A company needs to not only...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Proof for the Home-Office Deduction

Question. If you have an office outside your personal home—say, downtown—can you have a tax-deductible office inside your home for the same trade or business? Answer. Yes. Q. Who says that? A. The IRS. Q. Show me where they say that! In IRS...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

The Entrepreneur’s Guide to Business Forecasting

Tags: Sarasota Outsourced Bookkeeping Services, Sarasota Business Forecast, Sarasota Virtual Accounting Services, Sarasota Outsourced CFO, Sarasota Tax Problems What if your business could predict the future? It may sound pretty drastic, but a good...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

ABLE Accounts: A Great Deal for the Disabled and Their Families

Sixty-one million adults and over 12.6 million children in the United States have some type of disability. If you have a disabled or blind child or other family member, or are disabled or blind yourself, you should know about ABLE (Achieving a...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

How to Understand and Use a Profitability Analysis

Tags: Outsourced Bookkeeping Services, Overlooked Tax Deductions, Virtual Accounting Services, Outsourced CFO, Sarasota Tax Problems What if your business was far less successful than you expected? You won't really know if your business is doing well until...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

6 Types of Business Models and How to Use Them

Tags: Outsourced Bookkeeping Services, Overlooked Tax Deductions, Virtual Accounting Services, Outsourced CFO, Sarasota Tax Problems How do you choose the business model that’s going to work the best for your company? The first step to take before choosing...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Digital Transformation Strategy for Your Business

Tags: Outsourced Bookkeeping Services, Fractional CFO, Virtual Accounting Services, Outsourced CFO, Sarasota Tax Problems It has never been harder to successfully run a business. Under typical conditions, roughly half of all small businesses fail within the first five...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Commonly Overlooked Tax Deductions For Business Owners

Tags: Outsourced Bookkeeping Services, Overlooked Tax Deductions, Virtual Accounting Services, Outsourced CFO, Sarasota Tax Problems Taxes can be a sore spot for business owners, especially when you look at what you owe to the IRS once the audit is...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Round 2: Additional Tax-Free PPP Money for You?

If you received an initial PPP loan, you can qualify for a second round (called a “second draw”) of tax-free PPP money. To qualify for the second-draw PPP money, you must 1. have 300 or fewer employees; 2. have suffered a 25 percent or greater...

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