Blog Posts
IRS provides additional day to file and pay 2017 Taxes
IR-2018-100, April 17, 2018 WASHINGTON — The Internal Revenue Service announced today that it is providing taxpayers an additional day to file and pay their taxes following system issues that surfaced early on the April 17 tax deadline. Individuals and...
IRS issues standard mileage for 2018
The Internal Revenue Service has issued the 2018 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1, new standard mileage rates for the use of...
Happy Holidays
As the year draws to a close, we would like to take the opportunity to wish you a wonderful Holiday! Our office will be closed 12/23/17 thru 1/1/18, we look forward to seeing you in the New Year.
Important Florida Sales Tax News for Commercial Tenants and Landlords
Effective January 1, 2018 the State sales tax rate will drop from 6% to 5.8% for the total rent charged for renting,leasing, letting or granting a license to use real property. This includes rentals for commercial office or retail space,warehouses and...
Gas Prices Falling
Hurricane Irma and the damage and bad news "she" wrought will long be remembered-- but here may be a little bit of "good news" for all of us financially impacted. Gasoline prices are (and will be) falling--shortages will be ending! " With refineries...
Relief for Victims of Hurricane IRMA
What has the IRS done for you? If you are in an eligible Hurricane Irma disaster area--read on. As of September 13, the Hurricane Irma disaster areas per FEMA eligible for tax relief include St. John and St. Thomas in the U.S. Virgin Islands; Canovanas,...
How to protect yourself after the EQUIFAX data breach
The Equifax Data Breach has us all concerned. Discovered July 29, approximately affecting 143 million people, including names, social security numbers, birth dates, addresses, drivers licenses, credit card numbers and PIN's--what is the best thing we can...
IRS Provides Tax Filing Relief to Sarasota County Following Hurricane Irma
The IRS has granted additional time to file tax returns and make payments for taxpayers affected by Hurricane Irma. Currently, filing and payment relief applies to the following localities identified by FEMA for Individual Assistance due to Hurricane Irma:...
Tax identity theft is a significant threat
Sterling Tax & Accounting takes security very seriously, so we want to begin our letter this year with a reminder that tax identity theft is a growing problem. Unfortunately, it can take many forms, so beware if you: Receive a notice or letter from the...
Be prepared this tax season
As tax season fast approaches, be diligent to watch for documents that show up by email and traditional mailbox arrival. Some of the documents that you can expect to receive in preparation for tax season may include: • W-2 • Self-employment and other...