Tax Tips

Do You Have Passive Activity Losses?

Do You Have Passive Activity Losses?

August 25, 2013  |   Posted by :   |   Personal Tax Advice,Tax Tips   |   Comments Off»

Are you aware that there are certain types of investments that create passive income which can offset suspended passive losses, when applicable, resulting in a tax-free income stream until those losses are exhausted. Common passive activity losses (which are ...

BP Oil Spill Court Supervised Settlement Program

BP Oil Spill Court Supervised Settlement Program

August 19, 2013  |   Posted by :   |   Business Tax Advice,Tax Tips   |   Comments Off»

Our CPA firm is working with the Beasley Allen Law firm in Alabama that was appointed to the steering committee that put together the class-action suit related to the 2010 BP oil spill. A member of the law firm was ...

Bookkeeping Software to Bookkeeping Service. When should you make the switch?

Bookkeeping Software to Bookkeeping Service. When should you make the switch?

November 28, 2012  |   Posted by :   |   Business Tax Advice   |   Comments Off»

Bookkeeping Software has become an integral part of any small business. The ease of use and popularity of software suites like QuickBooks allows most small business owners to have some degree of bookkeeping regardless of their accounting knowledge. At ...

Possible Tax Pitfalls and Uncertainties We’re Facing Heading Into 2013

Possible Tax Pitfalls and Uncertainties We’re Facing Heading Into 2013

October 29, 2012  |   Posted by :   |   Business Tax Advice,Personal Tax Advice,Tax Tips   |   Comments Off»

There are major uncertainties that we are facing in regards to the 2012 tax year and subsequent years. A combination of events – including possible expiration of some or all of the Bush era tax cuts after 2012, the ...

FREE SEMINAR: “Your Future, The Economy, And Taxes”

FREE SEMINAR: “Your Future, The Economy, And Taxes”

October 19, 2012  |   Posted by :   |   Business Tax Advice,Tax Tips   |   Comments Off»

Please respond and let us know if you plan on attending this important seminar. [contact-form 2 "IMPORTANT SEMINAR ABOUT YOUR FUTURE, THE ECONOMY AND TAXES"] About the Seminar: The free seminar is scheduled for Saturday October 27, 2012 at 2 PM at ...

Beware of this Scam Currently Targeting Florida Business Owners

Beware of this Scam Currently Targeting Florida Business Owners

August 09, 2012  |   Posted by :   |   Business Tax Advice,Tax Tips   |   Comments Off»

There is a recent scam targeting business owners within Florda that we wanted to make sure you were aware of. Be on the lookout for a an envelope ...

IRS Announces New Mileage Rates for 2nd Half of 2011

IRS Announces New Mileage Rates for 2nd Half of 2011

July 08, 2011  |   Posted by :   |   Business Tax Advice,Personal Tax Advice,Tax Tips   |   Comments Off»

If you use your vehicle for work, medical purposes or moving, be aware of changes to the amount you can deduct for your mileage for the next 6 months. In a statement released on June 23rd, 2011, the IRS announced an ...

Tax hike looms for S-Corp Business Owners

Tax hike looms for S-Corp Business Owners

July 23, 2010  |   Posted by :   |   Business Tax Advice,In The News   |   Comments Off»

Tom Donahue, President and CEO of the US Chamber of Commerce, recently posted an article titled "Turn Off The Tax Faucet" at USChamberMagazine.com which describes possible new legislation that would hurt small business owners. In the article, Tom describes how ...

Tax Preparation. 7 Considerations and Questions before hiring a tax preparer.

Tax Preparation. 7 Considerations and Questions before hiring a tax preparer.

January 28, 2010  |   Posted by :   |   Personal Tax Advice,Tax Tips   |   Comments Off»

Before you take your tax return in to the nearest tax preparation service around the block, consider this advice from the IRS: “Taxpayers who decide they need ...

7 Common Bookkeeping Errors committed by business owners.

7 Common Bookkeeping Errors committed by business owners.

September 24, 2009  |   Posted by :   |   Business Tax Advice,Tax Tips   |   Comments Off»

If you are like most business owners, you set up your venture based on something you love. Your ...