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Taxation & Business Specialist | Melbourne, Florida

Stocks, Bonds and Taxes, Oh My!

Stocking Up & Bonding out For those looking to start passively growing their income, bonds and stocks are the first things that come to mind. It can be confusing for those unfamiliar with these financial vehicles. Stocks are essentially shares in the ownership of a company. A company goes from private to public with an…
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Corporate Tax Deadline – Sep. 15th, 2020

The corporate tax deadline is fast approaching. Earlier this year, the IRS gave an extension for corporations to file their taxes. The extension applied to both 1120-S corporate and 1065 Partnerships. The new final due date for these filings is September 15, 2020. There are no more extensions coming, and so the time to act…
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Do you need an Individual Taxpayer Identification Number (ITIN)?

I want to pay my taxes Millions of people now inhabit the United States. They come from varied and diverse backgrounds, and many people living here have been born in other countries and come here for a better life. We need to put politics aside and consider the real circumstances people find themselves in throughout…
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Do’s and Don’ts for Taxpayers Who Receive a Letter or Notice from the IRS

What should you do if you receive a letter or notice from the IRS? Don’t ignore it. Most IRS letters and notices are about federal tax returns or tax accounts. Each notice deals with a specific issue and must be address. Don’t panic. The IRS and its authorized private collection agencies do send letter by…
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How to Switch Payroll Providers

Your guide on how to switch payroll providers. Paying the Piper As a business owner, making payroll is one of your most essential duties. A well-compensated employee who is paid on time is your greatest asset. Payroll is an exact science. Knowing all of the employees on your books, the hours they have worked, and…
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Can I reduce my employees wages and salaries due to economic slump?

Market Instability The U.S. economy has seen its fair share of ups and downs. Any economy rarely remains stable for long. Due to this natural rhythm in the market, economists tend to have a more wide vision of its successes and failures over time. Our economy is the strongest in the world and has experienced…
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The Basics of Bookkeeping with an Eye on 2020

Some Things Change It sure has been a whirlwind few years and the changes seem to be coming faster and faster. It is important to gear up for the upcoming fiscal year starting on October 1st. We will take a look at some important habits to have with our bookkeeping and note any upcoming IRS…
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Special Tax Filing and Payment Relief

Help for the 2020 Tax Filing Season  The Treasury Department and the Internal Revenue Service are providing special tax filing and payment relief to individuals and businesses in response to the COVID–19 Outbreak. The filing deadline for tax returns has been extended from April 15 to July 15, 2020. The IRS urges taxpayers who are…
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Getting Down to Business

All the Small Things When you are a business owner, you have a lot on your plate. Sometimes it is tough to take it all in stride. You want to be ahead of the curve and staying on top of the trends, but you have to make sure the business itself is robust and liquid.…
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Why Your Business Needs a Document Specialist

Keeping Your Business on Track Managing a small business can be difficult, and you can get mired down in the day to day operations. While it is necessary to save money where you can, delegating specific duties can save time and effort. Parsing out exactly where to spend your money on personnel is one of…
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