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Blog Posts

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Deduct 100 Percent of Your Business Meals under New Rules

Since 1986, lawmakers have limited business meal deductions: first to 80 percent, and then to 50 percent (unless an exception applies). But on December 27, 2020, in an effort to help the restaurant industry due to the COVID-19 pandemic,...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Self-Employed During the Pandemic? Lawmakers Did Not Forget You

Usually, in times of economic dislocation such as the COVID-19 pandemic, the self-employed get no special government help. For example, you generally do not receive benefits that employees get, such as unemployment and paid sick leave. But this...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

ARPA Adds Cash to the Child Tax Credit (2021 Only)

For the 2021 tax year only, the American Rescue Plan Act of 2021 (ARPA) makes big, taxpayer-friendly changes to the federal income tax child tax credit (CTC). Here’s what you need to know, starting with some necessary background information....

, Blog, Sarasota Tax Preparation & Sarasota Accounting

A Quick Guide to Sales Tax in Florida

Tags: Sarasota Tax Planning, Sarasota Tax Preparation, Sarasota CPA, Sarasota Accountant, Sarasota Small Business Tax Planning There are many great benefits to running a small business. You get to call the shots, chart your own course, and reap the riches...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Married, Filing Separately, May Be the Tax Year 2020 Strategy

If you are married, most likely you’ve always filed a joint tax return with your spouse. Most of the time, a joint return shows less overall tax than two separate tax returns do, because the married-filing-separately status has many tax...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

Deducting Disaster Losses for Businesses

Disasters such as storms, fires, floods, and hurricanes damage or destroy property. If property such as an office building, rental property, a business vehicle, or business furniture is damaged or destroyed in a disaster, your business may...

, Blog, Sarasota Tax Preparation & Sarasota Accounting

The Clear Advantages of Outsourcing Bookkeeping

Tags: Outsourced Bookkeeping Services, Fractional CFO, Virtual Accounting Services, Outsourced CFO, Sarasota Tax ProblemsWhich is better, outsourcing bookkeeping or doing it yourself? In just a moment, you'll see why outsourcing is clearly the better...

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