Blog Posts
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,...
Effective Tax Planning Strategies for Small Business Owners in Sarasota, FL
Tags: Sarasota Tax Planning, Sarasota Tax Preparation, Sarasota Financial Planning Strategy, Sarasota Accountant, Sarasota Small Business Tax Planning There are over 2.5 million small businesses in Florida. Business owners are constantly looking for ways...
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...
Financial Planning 101: What Is It and Why Is It Essential for Your Business?
Tags: Sarasota Tax Planning, Sarasota Tax Preparation, Sarasota Financial Planning Strategy, Sarasota Accountant, Sarasota Small Business Tax PlanningFinancial planning is essential in making sure that your business survives and thrives. Competition is so...
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....
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...
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...
A Business Owner’s Guide on How to Develop a Financial Planning Strategy That Works
Tags: Sarasota Tax Planning, Sarasota Tax Preparation, Sarasota Financial Planning Strategy, Sarasota Accountant, Sarasota Small Business Tax PlanningAre you a business owner worried that you're not financially prepared to scale to the next level?...
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...
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...