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Annual Reports are Due!
Make sure you file your annual reports. Florida has a due date of May 1st for annual reports. Keep in mind these are not tax returns and are separate from your state income tax filings. Failure to complete this timely will result in a $400 late fee or worse. The state will dissolve your entity…
Tax Planning Tips for Small Business Owners
Guest Post by: Bryce Welker The best taxes are the ones you don’t have to pay. Unfortunately, many small business owners are overpaying on taxes by not taking advantage of the many tax breaks, reliefs, and incentives that the government offers. Sure, many small business owners consider tax handling as the most challenging aspect…
Florida, protect yourself from tax ID theft!
Tax ID theft is rampant in Florida. The IRS is taking steps to protect you. Florida is 1 of 3 test markets to help protect taxpayers. With the incidents of tax identity thefts rising, the IRS is working on curbing this out of control issue. Ordinarily, you would have had to be a victim of…
Accounting | Sales Tax | Tax
Supreme Court ruling impact on online retailers
This week the US Supreme Court (SCOTUS) announced their decision on the South Dakota v Wayfair case it heard back in April. A little history. The current laws are based off the Quill case that was heard in 1992, which set the standard for physical nexus. That standard is a few years past it’s usefulness…
Tax ID Theft Protection on the Way
Image Credit: http://media.graytvinc.com/ With the incidents of tax id theft on rise, the IRS is working on curbing this out of control issue. Ordinarily, you would have had to be a victim of tax id theft to apply for the IRS Pin. In an effort to be proactive, the Internal Revenue Service is testing a…
Time To Update Your Payroll Tax Rates
https://youtu.be/rdR_6RxXXFo Most states update their state unemployment tax (SUI) rates annually. You probably received a letter like this one and thought what am I supposed to do with this? Well, you either need to send it you your payroll provider, or update your payroll system to calculate the correct rate. If you are on our…