Alvarez Company P.A. CPA Firm

Posted on Friday, 23rd July 2010 by Jose A. Alvarez, CPA

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. (more…)

Tags: American Jobs and Closing Tax Loopholes Act, Nancy Pelosi, Obama, US Chamber of Commerce
Posted in Business Tax Advice, In The News | Comments (0)

Posted on Thursday, 24th September 2009 by Jose A. Alvarez, CPA

If you are like most business owners, you set up your venture based on something you love. Your vision includes building the next great widget or delivering a service superior to your competitors.  This passion, or entrepreneurial spirit,  is what energizes you. However, there is another side of business that can drain you of this energy…Bookkeeping and Payroll. I have yet to meet a business owner who wakes up each morning excited with the idea of entering transactions into Quickbooks.

It’s no wonder that we often come across business owners who ignore bookkeeping altogether or are making so many errors that their financial statements are almost meaningless. We want to share the 7 most common bookkeeping errors we run across with the hope that you avoid making these accounting mistakes yourself. Array

Tags: audit trail, bookkeeping, chart of accounts, quickbooks pro advisor
Posted in Business Tax Advice, Tax Tips | Comments (0)

Posted on Thursday, 28th May 2009 by Jose A. Alvarez, CPA

The Small Business & Entrepreneurship Council (SBE Council) published the “Business Tax Index 2009: Best to Worst State Tax Systems for Entrepreneurship and Small Business”. As a small business owner in the Tampa Bay area, it’s nice to see that Florida is ranked 6th overall. Compare Florida’s Tax index score of 22.423 to Washington DC’s score of 58.315 and you realize we don’t have it so bad.

The Business Tax Index takes into account 16 different tax measures, including:

1. Personal Income Tax Rates (Florida tied for 1st with 8 other states).
2. Capital Gains Tax Rates (Florida tied for 1st with 8 other states).
3. Corporate Income Tax Rates (Florida ranked 15th)
4. Corporate Capital Gains Tax Rates (Florida ranked 17th)
5. Additional Income Tax on S-Corporations
6. Individual Alternative Minimum Tax
7. Corporate Alternative Minimum Tax
8. Indexing Personal Income Tax Rates
9. Property Taxes (Florida ranked 31st)
10. Local Sales, Gross Receipts, and Excise Taxes (Florida ranked 43rd)
11. Adjusted Unemployment Tax (Florida ranked 4th)
12. Death Taxes
13. Tax Limitation States
14. Internet Taxes
15. Gas Tax (Florida ranked 48th)
16. Disel Tax (Florida ranked 38th)

Download the full PDF report: Business Tax Index - 2009

Tags: Business Tax, capital gains tax rates, Personal Income Tax, small business, tax
Posted in Business Tax Advice | Comments (1)