CARES Act – The Business Provisions
COVID-19 | Payroll | Small Business | Taxes

CARES Act – The Business Provisions

U.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the…

CARES Act – Paycheck Protection Program (PPP)
COVID-19 | Payroll | Small Business | Taxes

CARES Act – Paycheck Protection Program (PPP)

U.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the…

CARES Act – The Individual Provisions
COVID-19 | Payroll | Taxes

CARES Act – The Individual Provisions

U.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the…

Keeping good records, be in the know
Accounting | entrepreneur | Property Management | Real Estate Agent | Real Estate Broker | Small Business | Taxes | Xero

Keeping good records, be in the know

Keep it separated Some of the real estate agents we have worked with were shocked when they got their tax bill.  They owed more to the IRS due to not capturing all of their expenses.  They had been missing out on thousands of dollars of deductions because they are not keeping good records. The primary…

2019 Filing Deadlines for 2018 Returns
Deadlines | Tax | Taxes

2019 Filing Deadlines for 2018 Returns

Never to early to start planning, beginning with deadlines The IRS filing deadlines are as follows for 2018 returns: Pass-Through Entities S-Corporations and Partnerships Forms 1120S/1065 Due Date: March 15, 2019 Extension Date: September 16, 2019 Corporations C-Corporations Forms 1120 Due Date: April 15, 2019 Extension Date: October 15, 2019 Individuals Personal Forms 1040 / Sched…

Investing, Selling and Your Tax Returns
Accounting | entrepreneur | Taxes

Investing, Selling and Your Tax Returns

  Most of us are usually keeping a lookout for better methods of financial security. And, although certain monetary risks can feel overwhelming and stressful, taking a calculated risk once in a’while isn’t a bad thing. Like many other life experiences, it is the leap which often ends up being of great value! So, if you’ve…

October 16, 2017: Final Individual Tax Return Deadline
Accounting | entrepreneur | Tax | Taxes

October 16, 2017: Final Individual Tax Return Deadline

If you’re a self-employed individual and you requested an extension–heads up! October 16, 2017, is the deadline for filing tax returns for 2016. It is the last day the IRS will accept an electronically filed tax return using forms 1040, 1040A, and 1040EZ. If you file after October 15, you’ll have to mail in your tax…

No State Income Taxes: a Bonus or a Bummer?
Payroll | Taxes

No State Income Taxes: a Bonus or a Bummer?

Florida is currently one of only seven states without a state income tax. The other six are Alaska, Nevada, Texas, South Dakota, Wyoming and Washington. Additionally, New Hampshire and Tennessee only pay taxes on dividends and income from investments (no wage taxes.) There is much discussion over whether the lack of income tax gives a…