News
5 Tax Tips For Small Business Owners
Nobody looks forward to doing their taxes. Here are tips for small business owners that will make money management a little easier.
Tax season is a stressful time for everyone, but for small... Read more
Little-Known Tax Tips For Small-Business Owners
At tax time, small businesses look for ways to save money and maximize credits and deductions. “One of the most overlooked ways for small businesses to save at tax time starts at the... Read more
IRS Will Use Private Debt Collectors
The private debt collection program was created by a federal law enacted by Congress in December 2015.
The IRS told reporters that for the first month they plan to send out 100... Read more
7 Tax Misunderstandings
While we can never know everything, there are times when ignorance can cost you dearly -- and tax season is one of those times. Here are seven tax misunderstandings Americans should clear up... Read more
4 Things the IRS Doesn't Want You to Know!
It's the IRS's job to collect taxes for the federal government, so it's not surprising that most people are less than fond of the agency.
The IRS, in turn, does its best to keep certain facts... Read more
Your taxes are not due on April 15! Here's why...
If you're among the nearly 40 million Americans who have yet to file their 2016 tax returns, the good news is you get a few extra days to file.
While the tax return due date is typically April 15,... Read more
Amazon Will Collect Sales Taxes Nationwide on April 1
Amazon, the online merchandise juggernaut, will collect sales taxes from all states with a sales tax starting April 1.
Tax-free shopping will be over as of next month in Hawaii, Idaho, Maine and... Read more
Answers to Common Tax Questions
Death and taxes, as the saying goes, are the only two certainties in life. But another, if lesser, certainty centers around the same types of basic tax questions popping up each year. As... Read more
April 1 Deadline to Take Required Retirement Plan Distributions
The Internal Revenue Service today reminded taxpayers who turned age 70½ during 2016 that, in most cases, they must start receiving required minimum distributions (RMDs) from Individual... Read more
Some Americans Would Prefer an IRS Tattoo to Paying Taxes: Survey
As tax season ramps up, a new survey shows that some Americans would rather scrub the toilets at Chipotle than hand over a portion of their salary to the Internal Revenue... Read more
Hal Hershkowitz to Receive Montefiore Society’s Leadership Award
The Cardozo and Montefiore Societies of Tampa Bay will host their first collaborative program on April 4 at the Bank of Tampa in downtown St. Petersburg.
The community... Read more
AICPA to Senate: "Get Moving on Tax Treaties!"
The American Institute of CPAs is asking the U.S. Senate to quickly consider and approve the various bilateral income tax treaties and protocols that are currently pending in Congress, although... Read more
$1 Billion In Refunds Waiting for People Who Haven't Filed a 2013 Tax Return!
The Internal Revenue Service announced that unclaimed federal income tax refunds totaling more than $1 billion may be waiting for an estimated 1 million taxpayers who did not file a 2013 federal... Read more
6 Surprising Tax Deductions for Freelancers
As a boutique accounting firm, we see businesses of all sizes. We've been fortunate to be able to guide many start-up businesses over the course of their growth from inception to success story,... Read more
EITC and ACTC Refunds Expected to Arrive the Week of Feb. 27
As the IRS begins releasing refunds for taxpayers who claimed the Earned Income Tax Credit and the Additional Child Tax Credit, the tax agency reminded taxpayers that they should not expect refunds... Read more
The Overtime Rule Has Been Blocked. Now What?
A federal judge in Texas has blocked the Department of Labor's (DOL's) new federal overtime rule, which would have raised the Fair Labor Standards Act's (FLSA's) salary threshold for exemption... Read more
Special Tax Breaks for US Armed Forces
As tax filing season approaches, the Internal Revenue Service wants members of the military and their families to know about the special tax benefits available to them.
Here are some of those tax... Read more
5 Things You Can Learn from Your Tax Return
The IRS receives roughly 150 million tax returns each year.
If you’re like many Americans, preparing that filing is the closest look you’ve given to your finances for some... Read more
How To Prove You Filed a Tax Return, If The IRS Says You Didn't
Sometimes taxpayers and the IRS just disagree on whether the taxpayer filed a return. The taxpayer faces a daunting task to prove the filing of a return. In a recent bankruptcy... Read more
Tax Relief for Victims of Hurricane Hermine in Florida
Victims of Hurricane Hermine that took place beginning on August 31, 2016 in parts of Florida may qualify for tax relief from the Internal Revenue Service.
The President has declared that a major... Read more
Follow These 3 Savvy End-of-Year Tax Tips
There's an antidote to the end-of-the-year rush to stock up on business expenses.
Easy: Do a January-December swap.
As you approach the end of the year, be strategic about your income and... Read more
Tax Issues When Renting Your Home on Airbnb or VRBO
Today many people earn extra money by temporarily renting out their entire home (or a room in their house or apartment) through rental services such as Airbnb, HomeAway, or VRBO. If... Read more
IRS Cyberattack Total is More Than Twice Previously Disclosed
Cyberattacks on taxpayer accounts affected more people than previously reported, the Internal Revenue Service said Friday.
The IRS statement, originally reported by Dow Jones, revealed tax data... Read more
How do your tax deductions compare with the average American's?
The Internal Revenue Service recently released its preliminary statistics from the 2014 tax year, which showed that a total of 148,686,586 tax returns were filed, with an average adjusted gross... Read more
What To Do If Your Tax Refund Is Stolen
There are few things worse than spending hours preparing your tax return only to discover that identity thieves have already snatched your refund.
For many people, the misery starts with an error... Read more
Florida's back-to-school tax free weekend begins next week!
Shoppers looking to save money on back-to-school supplies will have the chance to buy items tax free in Florida from August 5-7.
Florida state officials recently voted to cut allowances on... Read more
Identity Thieves Love Small Businesses
Not long ago, a small business owner I work with found herself the target of an identity thief. He didn’t open credit lines in the name of the business, but instead stole its name and good... Read more
Should Your Small Business Offer Health Insurance?
Health insurance is expensive—and getting more so all the time. Does it make more sense for a small company to provide coverage (with employees paying some of the premiums) or let them... Read more
Married? 6 Times You May Want to File Taxes Separately
A whopping 95% of married couples file taxes jointly, and for good reason: It’s almost always cheaper than filing separately. But what about the other 5% of the time? Here are a few cases... Read more
3 Ways Student Loans Affect Your Taxes
Anxiety at tax time is common, but Millennials feel it more than others.
Millennials are the age group most worried about filing their taxes, according to a recent NerdWallet... Read more
Top Tax Issues for 2016
1. Supreme Court ruling on ACA
Millions of people will now continue to have access to affordable health care in the states which did not establish marketplace healthcare exchanges. It also tees up... Read more