Blog Posts
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...