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Tag: tips

Taxation & Business Specialist | Melbourne, Florida

The IRS Took My IRS Refund To Pay My Spouse’s Debt?

My Tax Refund Paid My Spouse’s Debt? If this sounds familiar, then you may want to look into this article on getting your refund back. First, take a minute to answer the following questions.  If you answer yes to all the listed questions, you may just be eligible to file an injured spouse claim. Did…
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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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Managing Payroll During Difficult Times

Business as Usual Business owners are constantly juggling different responsibilities, from paying taxes to controlling costs, all while keeping an eye on the bottom line. However, the majority of businesses would be nowhere without their employees, making payroll a crucial aspect of business ownership. Along with being a legal obligation, the human component of business…
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S Corp Shareholding

Whether you run an S Corporation or choose to invest in one, it is essential to keep a few key considerations in mind. The tax benefits gained from an S Corporation versus a C Corporation are crucial, and two main reasons for electing S Status are: Avoid double taxation on distributions Allow corporate losses to…
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Managing Your Business Goals for 2020

Why You Should Be Scheduling Meetings with Yourself in 2020 As a small business owner, a good portion of your day is probably taken up in meetings. Meetings are important time to connect with others to brainstorm, set goals and review progress. However, you might be missing out on the most important type of meeting—a…
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The Importance of Tax Planning

Don’t Let Taxes Sneak Up You They say that the only guarantees in life are death and taxes. If that’s the case, then why is it so many people wait until the last minute to start thinking about their taxes? Preparing for tax time throughout the year is the best way to make sure that…
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Tax Tips For Second Home Owners

Tax tips that will save you money. Thinking about owning a second home for vacations or renting out? Taxes become a bit more complicated for second-home owners – but don’t be intimidated. The simple tips below will help you learn how to find and take advantage of the tax breaks and deductions available to you.…
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Tips For Small Business Bookkeeping

Get a handle on Bookkeeping. As a small business owner, your job is not easy. You’re already challenged enough by all the hats you wear without the added stress of record keeping and paperwork management. But since proper bookkeeping is absolutely vital to the success of any business, large or small, you may find yourself…
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Part 1: Ultimate Guide To Starting Your Own Business

The first step. If you’ve ever been unsatisfied working for someone else, or resentful of your position with a company that doesn’t treat you the way they should, you’ve probably considered other options. Maybe you’ve dreamed of having flexible hours, being your own boss, and getting paid what you’re worth. Starting your own business may…
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Ultimate Guide To Payroll – Part 3

Welcome to Part 3 of our series on Business Payroll. This week we will discuss payroll taxes, from calculating to remittance, this article will help you understand your responsibilities as an employer. If you missed Part 1 or Part 2 you can find them here. Calculating Payroll Taxes You are required to withhold payroll taxes…
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