Blog Posts
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...
Putting Your Future First: The Importance of Wealth Management, Explained
Tags: Sarasota Tax Planning, Sarasota Tax Preparation, Sarasota CPA, Sarasota Accountant, Sarasota Bookkeeping It’s no secret that owning your own business can allow you to generate far more revenue than you have through other methods in the past....
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...
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...
A Business Owner’s Guide to Common Tax Issues (and What to Do About Them!)
Tags: Sarasota Tax Planning, Sarasota Tax Preparation, Sarasota CPA, Sarasota Accountant, Sarasota Bookkeeping As a business owner, tax avoidance and tax evasion can carry serious consequences. On the other hand, missing important deductions can cost you...
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, •...
How to Hire the Best Bookkeeping Services: 5 Key Qualities to Look For
Tags: Outsourced Bookkeeping Services, Fractional CFO, Virtual Accounting Services, Outsourced CFO, Sarasota Tax Problems As a business owner, outsourcing bookkeeping services can save you time and money. You can get the most out of your investment by...
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...
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...
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....