Blog Posts

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Business Tax Breaks Thanks to the Recently Enacted CAA

When you operate a business, you have a variety of tax breaks available. The recently enacted CAA extends and expands some of the breaks. We bring the following selection of them to your attention as a tax-strategy buffet. You can deduct 100...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

COVID-19 Tax Relief Measures

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) made many temporary changes in the tax law. The new Consolidated Appropriations Act (CAA) adjusted some of these and left others to die on December 31, 2020. Below are insights...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Expert Tips on How to Get Out of Tax Debt

Tags: Sarasota Tax Planning, Sarasota Tax Preparation, Sarasota CPA, Sarasota Accountant, Sarasota Bookkeeping Because of COVID-19 legislation, this tax year is expected to be "a nightmare" for small businesses. If your business benefited from this...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Multiply Your Net Worth with a SEP IRA or Solo 401(k)

How do you multiply your net worth? Let the government help. Here’s how: with both the SEP IRA and the solo 401(k) retirement plans, your investment in your tax-favored retirement • creates tax deductions for the money you invest in the plan, •...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Tax Extenders Passed with the COVID-19 Relief Law

The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted on December 27, 2020, deals with the annual tax extenders. Congress made some of them permanent, while others got short- or long-term extensions. These are the big five Form...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Why Every Small Business Needs Payroll Support Services

Tags: Sarasota Outsourced Bookkeeping Services, Sarasota Business Forecast, Sarasota Virtual Accounting Services, Sarasota Outsourced CFO, Sarasota Tax Problems Managing your payroll is a difficult and time-consuming task, yet it's something that many...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

IRS Penalty Forgiveness Using Reasonable Cause

The IRS can waive penalties it assessed against you or your business if there was “reasonable cause” for your actions. The IRS permits reasonable cause penalty relief for penalties arising in three broad categories: 1. Filing of returns 2....

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